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Random News from Mining Top News

Johnson calls coal idea a pipedream

Secretary of State Brad Johnson told fellow Republicans Friday that Democratic Gov. Brian Schweitzer’s proposal to build a plant to convert coal to liquid fuels is ”a 10-year-long, $10-billion pipedream, built on 70-year-old technology.’’
Instead, Johnson told the Montana GOP convention he intends to ask the state Land Board on Monday to direct the state Department [...]

Shares of Gold Miners Mixed Shortly After Opening Bell As the Price of the Metal Edges Higher

Shares of gold-mining companies were mixed shortly after the opening bell Monday as the price of the precious metal edged up in European trading.
Gold traded in London at $914.70 per troy ounce, up from $906.30 late Friday.
How shares of some key gold miners fared in early trading:
Newmont Mining Co. rose 80 cents to $47.64
Barrick Gold [...]

First Nickel Intersects 34.15 Metres of 3.15% Ni and 1.73% Cu at Lockerby Depth

First Nickel Inc. (TSX: FNI) reports additional high grade nickel-copper results on the remaining fifteen holes from the first stage of a drill program on the Lockerby Depth Zone. These results in combination with the 25 drill holes announced on November 30, 2006, will form the basis of a resource/reserve estimate to be completed on [...]

ShengdaTech Updates Timing of Jinan Fertilizer Acquisition and Relocation of Chemical Facility

ShengdaTech, Inc. a leading manufacturer of nano precipitated calcium carbonate (NPCC) in the People’s Republic of China (PRC) and a major manufacturer of coal-based chemical products in Tai’an City, Shandong Province, PRC, today announced that the Company expects to close the acquisition of Jinan Fertilizer Co., Ltd., before the local government’s mandated closing of [...]

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Statoil cuts 95,000 barrels per day at North Sea oil and gas field for five months

Norway’s state-controlled oil company Statoil ASA on Friday said it was cutting production at its Kvitebjoern field by the equivalent of 95,000 barrels of oil per day for the next five months as part of a reservoir management and drilling program.
The company said it decided to cut production in half at the North Sea field [...]

Southern Silver Closes Second Tranche of $1.816 Million Private Placement

Southern Silver Exploration Corp. has now closed the second tranche of the previously announced private placement (NR-06-09, Nov. 24, 09) consisting of 3,590,000 million units for proceeds of C$359,000. The company announced on December 10, 2009 (NR-07-09) that it had closed the first tranche of the private placement respecting 14,570,000 units aggregating C$1,457,000.
The private placement [...]

Tag: silver shares purchase

Alcoa Fully Expects Shining Prospect Shares in Rio Tinto plc to be Moved Smoothly

Alcoa said today it expects its joint shareholding in Rio Tinto to be transferred promptly and smoothly from a custodial account with Lehman Brothers International Europe in London to a custodial account with another nominee unaffiliated with Lehman Brothers. Alcoa said it is working closely with administrators of Lehman Brothers International Europe and with Chinalco, [...]

Feds mulling mine in Gifford Pinchot

Federal officials are continuing to mull over an application for a major copper mine on the Gifford Pinchot National Forest northeast of Mount St. Helens.
Idaho General Mines, based in Spokane, last year proposed the $400 million-plus mine just outside the 110,000-acre Mount St. Helens National Volcanic Monument.
Encouraged by rising copper prices, the company is asking [...]

Kinti Mining Limited Prepares Drilling Program for Fimpimpa West

Kinti Mining Limited, trading symbols KMLD.PK and A11.FRA, report that it has prepared a drilling program for its Fimpimpa West tenement which is located 16 kilometers west of Chililabombwe and borders the eastern boundary of Konkola Copper Mine’s (KCM) Fitwaola open pit in Zambia.
The results from a previous drill program were very encouraging, with high [...]

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Bald Eagle Energy Receives Petroleum Geologist’s Report on Alaskan Projects

Bald Eagle Energy Inc. announce that it has received positive feedback in a new third-party petroleum geologist’s report completed on May 12, 2008 by LAPP Resources Inc. Authored by LAPP President, David W. Lappi, the report assessed Bald Eagle’s six Alaskan North Slope leases totaling 18,418 acres stating a potential for up to 90 million [...]

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