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Random News from Mining Top News

Kenartha Raising $2.2 Million for Next Well Drilling of the Expansion Program in Southern Ontario

Kenartha Oil & Gas Company Limited, an explorer and developer of natural gas resources, is pleased to announce that the company is in the process of raising CDN $2,200,000 for the drilling of the next 15 wells in the expansion program in southern Ontario, Canada.
The Offering consists of 400,000 units in the capital stock of [...]

Areva bids 2.5 billion dollars for Canadian uranium miner UraMin

French nuclear energy group Areva on Friday launched an agreed takeover for UraMin, valuing the London-listed Canadian uranium miner at more than 2.5 billion dollars (1.9 billion euros).
“Areva and UraMin Inc. today entered into an agreement in respect of Areva’s friendly cash offer for 100 percent of the share capital of UraMin,” the pair said [...]

Tag: uramin botswana

Trucking group urges slowdown to cut fuel costs

The leading U.S. trucking industry trade group laid out a plan to cut fuel consumption and emissions over the next 10 years, mostly by urging members and the public to slow down.
The American Trucking Associations, whose members include FedEx Corp., UPS Inc. and Con-way Inc., said it now costs more than $1,000 to fill a [...]

DEQ Extends Review Of Kennecott Mine

The DEQ is extending its review period for the proposed Kennecott nickel and copper mine in the Yellow Dog Plains of Marquette County. The new deadline is January 9.
The DEQ is reviewing Kennecott’s 700-page response it submitted regarding 91 deficiencies the agency found in the company’s application. It’s also allowing the public to send [...]

Bow Valley Energy Ltd. announces first oil production from Chestnut field development, U.K. North Sea

Bow Valley Energy Ltd. announce that the Chestnut field in the U.K. North Sea commenced oil production on September 20, 2008. Bow Valley Petroleum (UK) Limited, a wholly-owned subsidiary of Bow Valley Energy Ltd., owns a 15.125% working interest in Block 22/2a which contains the Chestnut field.
The Chestnut field is located approximately 180 miles east [...]

Tag: bow valley energy

BHP in talks to sell Optimum coal mine

BHP Billiton is in preliminary talks with several potential buyers for its flagship Optimum South African coal mine, a spokesman for BHP Billiton said.
BHP Billiton declined to give any details of who the potential mine buyers are. The spokesman was unable to say if they are other major coal producers or South African Black Economic [...]

Norilsk Nickel foresees lower IFRS-based annual net profit

Norilsk Nickel expects its net profit under IFRS to slide to $5.3bn in 2007 from $5.96bn posted for the previous year, the Russian precious metals producer said in a memo prepared for the company’s annual general shareholders’ meeting scheduled for June 30. Meanwhile, the document states that, net of damage to business reputation, Norilsk Nickel’s [...]

DIX Moves Forward With Brazilian Aquisition

Diamond Exploration Inc. announce it has entered into a purchase and sale agreement with Armex Mining Corp., a private British Columbia company, to acquire three diamond properties known as the Juina Property, the Rio Pari Property and the Rio Arinos Property, all located in the state of Mato Grosso, Brazil. Under the terms of the [...]

Canadian Arrow Mines Receives Exceptional Nickel Recoveries from Recent Testwork

Canadian Arrow Mines, Ltd. is pleased to provide an update on the metallurgical test-work program underway on ores from the Kenbridge Nickel Project in Northwestern Ontario. Xstrata Process Support (XPS) of Sudbury, Ontario recently completed a series of variability tests as part of the Phase 1 program to verify and optimize the flotation circuit for [...]

Thabex seeks funding for new mine

Thabex Exploration, a South African mining exploration company, plans to raise R450 million to finance the building of a mine in the country’s Northern Cape province.
Exploration results at its Salt River base-metals project indicated the project to be “sufficiently robust” for the company to raise the funds, Thabex said in a statement to the Johannesburg [...]

Tag: thabex exploration limited