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Random News from Mining Top News

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour International Corporation announced that the first exploration well of a new onshore exploration program focused in South Texas has resulted in a commercial discovery and the company’s first production in the United States. The initiative reflect …

January 9th, 2009

Stratic ceases operations on Well 16/2b-5A in UK North Sea

Stratic ceases operations on Well 16/2b-5A in UK North Sea

…  is justified in the current economic climate. Mark Bilsland, Stratic’s Chief Operating Officer commented: “We are naturally …

January 9th, 2009

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

…  Western Minerals Group Ltd. announce that it has entered into an option agreement with a third party …

January 9th, 2009

Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

…  Resources Inc. announced that Wallbridge Mining Company Ltd. has fulfilled its option commitment at Pele’s Sudbury Nickel Project …

January 9th, 2009

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

OREX EXPLORATION INC. announce the closing of a private placement of $547,000, consisting of 7,300,000 units. On this amount, MineralFields Group, through First Canadian Securities® (a division of Limited Market Dealer Inc.), has subscribed for 5,600,000  …

January 9th, 2009

PMCC Moves to Set Aside Security Granted by ICMI

PMCC Moves to Set Aside Security Granted by ICMI

…  legal action commenced by them in the courts of England. This decision follows the dismissal of the defendants’ motion to stay the …

January 9th, 2009

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

Index Oil and Gas Inc. announced that the Cochran #1 exploratory well in the Garwood prospect located in Colorado County, Texas has commenced production from two intervals. As of January 4, 2009, the well was flowing at a daily rate of more than 6.1 millio …

January 8th, 2009

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

Phoenix Coal Inc., a leading producer and consolidator of thermal coal reserves in the Illinois Basin, announced the Company has received a permit granted by the United States Army Corps of Engineers under Section 404 of the Clean Water Act. With the 404  …

January 8th, 2009

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

High Desert Gold Corporation announced the results of its substantial issuer bid to purchase for cancellation a maximum of 36,000,000 common shares of the Company at a price of Cdn.$0.27 per HDG Share. The Offer expired at 9:00 p.m. (Toronto time) on Janu …

January 8th, 2009

NovaGold Completes Disposition of Alexco Shareholding

NovaGold Completes Disposition of Alexco Shareholding

Alexco Resource Corp. reports it has been advised that NovaGold Resources Inc. has reduced its shareholding in Alexco from approximately 16% to less than 2%. This reduction was accomplished by way of private sale transactions, with the shares acquired by …

January 8th, 2009