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Random News from Mining Top News

Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Announces Closure of Jupiter Mine

…  notice today, in compliance with the Worker Adjustment and Retraining Notification Act, that employees will be laid off from employment between March 12 and March 25. The decision to idle the Jupiter mining complex was made as part of a comprehensive review of the Company’s properties and was based on Jupiter’s unacceptably high cost structure, coupled with …

January 10th, 2009

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Announces Update to Gabon Drilling Program

…  Petroleum Corporation announces the successful appraisal and development of the Ebouri field in the Etame Marin license area offshore …  the Etame Marin license area. Commenting, Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: “We are …

January 10th, 2009

HudBay to Suspend Operations at Its Chisel North Mine and Snow Lake Concentrator

HudBay to Suspend Operations at Its Chisel North Mine and Snow Lake Concentrator

…  Minerals Inc. has determined that it will suspend operations at its Chisel North mine and concentrator in Snow Lake, Manitoba due to depressed prices of base metals, and the economic downturn. The company will place both the mine and …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

…  (Denison’s share being approximately 731,000 pounds U3O8) and approximately 904,000 pounds U3O8 being produced at the White Mesa mill. …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

…  Resources Ltd. announce that subject to regulatory approval Vaaldiam will …  prices of a total of 22,326,069 of its currently outstanding warrants from their current exercise prices (which range from $0.55 to …  18% were initially issued by Great Western Diamonds Corp. and approximately 5% were initially issued by Elkedra Diamonds NL, all of which …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  in South Texas has resulted in a commercial discovery and the company’s first production in the United States. The initiative …  barrels of oil, and 336 barrels of water through an 18/64-inch choke. First production to sales was achieved during testing. Endeavour …

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

…  following a series of operational difficulties, Stratic and its joint venture partner have decided to cease operations on well 16/2b-5A in the UK North Sea. The operational difficulties included an unsuccessful attempt to retrieve drill pipe lost in the hole, which …

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

…  interest in a Rare Earth Elements property in the Province of New Brunswick, approximately 53 km east-northeast of the city of …  km away with a railroad within 10 km, ports within 50 km, and power lines to the local smelters are also within 50 km. The Benjamin …

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

…  Mountain Resources Inc. announced that Wallbridge Mining Company Ltd. has fulfilled its option …  $300,000 on qualifying exploration expenditures in 2008 and by recently issuing an additional 400,000 of its common shares to Pele. …

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

…  EXPLORATION INC. announce the closing of a private placement of $547,000, consisting of …  of $0.075 per unit consists of one flow-through share and one warrant giving the right to buy one non-flow-through share at a price of $0.10 per share for a period of 12 months and at $0.15 per share for the following 12 months. Each flow-through share …

January 9th, 2009