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Random News from Mining Top News

Report expected to say coal plant closures may have to be put off past 2009

The operator of Ontario’s electricity system is expected to confirm Friday it has recommended the province shelve plans to close some of its coal-fired plants by 2009.
The decision would reverse a key element in the provincial Liberal government’s 2003 election platform. The Dalton McGuinty government had already delayed its original deadline for coal-plant closures by [...]

Palisades Petroleum Corporation: North Buffalo Well Produces

Palisades Petroleum Corporation is pleased to announce that the first well in it’s North Buffalo gas prospect in Chouteau County Montana is a success.
The project operator, Cline Production Company, reported on Monday, February 19, 2007, that Seidler # 173-10 well showed an initial production rate of 280,000 cubic feet of gas per day from [...]

Ex-mining town’s work force evolves

Sahuarita’s work force is changing. Once an economy steeped in agriculture, ranching and mining, it is quickly evolving into one largely based on technology and administrative and medical fields.
The area now known as Sahuarita ”” named “little saguaro” in the mid- to late 1800s ”” has been an agricultural hub for centuries. The Santa Cruz [...]

Uracan discovers higher grade uranium mineralization at Grandroy and Turgeon zones at its 100% owned North Shore Property in Quebec

Uracan Resources Ltd. announce initial results from its ongoing summer exploration and mapping program on the North Shore Property.
As part of the 2009 geological mapping program, grab and channel samples were collected in historic trenches over the Grandroy and Turgeon Est areas. These zones are approximately 7 kilometres North of the Double S zone. At [...]

IAMGOLD Completes Bauxite Sale

IAMGOLD Corporation is pleased to announce the closing of the sale of IAMGOLD’s interest in Omai Bauxite Mining Inc. (“OBMI”) and Omai Services Inc. (“OSI”) to Bosai Minerals Group Co., Ltd. (“Bosai Minerals”), pursuant to a Share Purchase agreement originally announced on December 19, 2006. Cash proceeds of $28.5 million have been paid to [...]

Tag: bauxite sale, guyminenews

Calypso Completes Reactivation and Listing on the TSX Venture Exchange by the Acquisition of Energia Mineral S.A. and Completion of a $3.0 Million Private Placement

Calypso Acquisition Corp. (the “Company”) (TSX VENTURE:CLP ) is pleased to announce it has completed the previously announced acquisition of Energia Mineral S.A. (“Energia”), an Argentine uranium exploration company in exchange for and by the issuance of 4,600,000 shares of the Company. All closing materials are currently being held by an Argentine trustee on behalf [...]

Tag: omar beretta

Darnley Bay Resources Limited: Toronto-Progress on Diamond Exploration

Darnley Bay Resources Limited announce that Diadem Resources Ltd. has provided the Company with the report from the April 2008 ground magnetic surveys undertaken over several kimberlite pipe targets on the Parry Peninsula, as part of its earn-in obligations towards the 50/50 diamond exploration joint venture initiated in 2003. The ground surveys confirm that several [...]

Only inactive Venezuela mining contracts to be affected

Venezuela’s National Assembly Mining Subcommittee Chairman told miners this week that only concessions pertaining to inactive mining contracts will be voided under the nation’s new mining law.
Quoted in Vheadline.com, National Assembly Deputy Jose Ramon Rivero told a group of miners that the new law will void those contracts that were issued by CVG up to [...]

Zimbabwe: Hwange Doubles Coal Output

HWANGE Colliery Company Ltd (HCCL) has doubled daily coal production at its opencast and underground mines, and is now looking at renewing exports since the arrival of new mining equipment in the last quarter.
Coal output at the opencast mine has risen by 100 percent to 10 000 tonnes per day while that from the underground [...]

Tag: coal users in zimbabwe, doubles coal, hwange opencast mining

Diamonds North Discovers Another Gold Source on Amaruk

Diamonds North Resources Ltd. announces the discovery of a gold bearing iron formation on its 100% owned Amaruk property located in Nunavut. Initial regional prospecting returned grab samples with over 0.5 gram per tonne (g/T) gold including a sample yielding 1.2 g/T gold.
The sub-vertical sulfide rich iron formation was traced over more than 6.5 kilometres [...]