Merit Mining Corp. Scales Back its Greenwood Gold Operations

Merit Mining Corp. announces it is reducing the scale of its operations at its Greenwood Gold Mine, including the termination of approximately 45 personnel. Due to the steep decline in commodity prices, ongoing difficulties achieving targeted mine grades and mill recoveries, and difficult market conditions, it is necessary to make significant reductions in manpower in an effort to achieve positive... 

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Boyd Hardwicke to consult on BC properties

Ted Drummond, Kingsman’s Chief Operating Officer, is pleased to announce the appointment of Boyd Hardwicke, P.Eng., a graduate of the University of British Columbia, Vancouver, B.C. in 1955, as a consultant to the Board of Directors. As a student, Mr. Hardwicke worked at Granby’s Copper Mountain mine at Princeton. He became Chief Engineer at the Granby Phoenix Mine located in Greenwood... 

Tag: bc mining news, phoenix gold mine in bc, barry w smee

EnerJex Resources Reports Operating Income for the First Quarter and Increased Production

EnerJex Resources, Inc. announce financial results from its first quarter ended June 30, fiscal 2009. The Company, which first began acquiring oil leases in April 2007, has delivered its first positive income from operations of $24,710. For the three months ended June 30, 2008, oil and natural gas revenues were $1.69 million. Oil sales volumes on a net revenue basis were 17,875 barrels compared to... 

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Six Colorado oil and gas commissioners get preliminary confirmation

Six nominees to the Colorado Oil and Gas Conservation Commission, including a Garfield County representative, were confirmed by a Senate committee on Tuesday, despite protests from Republicans that they weren’t given enough information on their views. The six were nominated by Gov. Bill Ritter after lawmakers expanded and revamped the commission to make it more responsive to environmental, safety... 

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Midwest Has ‘Coal Rush,’ Seeing No Alternative

COUNCIL BLUFFS, Iowa – From the top of a new coal-fired power plant with its 550-foot exhaust stack poking up from the flat western Iowa landscape, MidAmerican Energy Holdings chief executive David L. Sokol peered down at a train looping around a sizable mound of coal. At this bend in the Missouri River, with Omaha visible in the distance, the new MidAmerican plant is the leading edge of what... 

Duke Energy faces rising costs of coal

Westar Energy knew its coal-fired plant was in trouble. The Kansas company wanted to build a $1 billion, 800-megawatt power plant, but construction costs kept rising as global demand for steel and other materials skyrocketed. Soon $1 billion became at least $1.4 billion — costs ultimately passed to consumers. Faced with sobering numbers, the utility in January shelved the project. “We didn’t... 

Tag: duke energy construction costs coal, coal power plant retirements duke energy

Philippine gold mine attracts Newmont

Newmont Mining, the world’s third-biggest gold producer, may join overseas companies bidding to run a Philippine gold mine in a process that is set to start within six weeks. “Newmont has expressed interest in the Diwalwal mine,” Artemio Disini, president of the state-run National Resources Development, said in phone interview Tuesday. Calls to Newmont’s main office in Denver...