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Random News from Mining Top News

Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Announces Closure of Jupiter Mine

…  Coal Corporation announced the closure of its Jupiter mining complex. The Company …  coupled with softer market conditions. Patriot Coal Corporation is the third largest producer and marketer of coal in the eastern …

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 …  2003 and is approximately 18 kilometres northwest of the Corporation’s producing Etame field in the Etame Marin license area. Two pilot …  holes were successful in delineating the Gamba sandstone formation above the oil water contact, thereby expanding the areal extent of …

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

…  re-evaluation. “We recognize this will be difficult for Snow Lake, and we’re committed to working with the community throughout …  I’d like to thank the Chisel North operations team for its contribution to the growth of HudBay,” said Allen J. Palmiere, the …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

…  relating to uranium production in 2008. Uranium production for the year totaled 1,635,000 pounds U3O8, with production from the McClean …

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 …  unchanged. No terms of any warrants will be amended for warrants held by any insiders of Vaaldiam, and it is anticipated that the …  effective on January 16, 2009. The warrants are not listed for trading on any recognized exchange. The purpose of the warrant repricing is …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  International Corporation announced that the first exploration well of a new onshore …  wells on the discovery will be based on the production performance of the Cochran #1 discovery well and determination of the most likely …  at average prices of US$81.00 per barrel of oil and US$11.40 per thousand cubic feet of gas. Endeavour International Corporation is …

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

…  Energy Corporation announces that following a series of operational difficulties, …

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

…  vein that has been traced on surface for 800 metres along strike, with an apparent width of up to 50 metres. As part …  Earth Oxide (”TREO”) to 1.0% TREO with very low values for potentially deleterious uranium and thorium. While the overall TREO grade …  earth oxides (europium through lutetium) is high at over 11%, including a dysprosium content of over 3% of the total rare earth oxide …

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 …  contact and footwall of the Sudbury Igneous Complex, which forms the outer rim of the Sudbury Basin, as well as within offset dikes that …

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

…  (a division of Limited Market Dealer Inc.), has subscribed for 5,600,000 units representing $420,000. Each unit at a price of $0.075 …  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. …

January 9th, 2009