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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 announced on September …  approximately 1.9 billion tons of proven and probable coal reserves. The Company’s common stock trades on the New York Stock Exchange …

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 …  in delineating the Gamba sandstone formation above the oil water contact, thereby expanding the areal extent of the Ebouri field. A …

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 concentrator …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. announced that it has satisfied the covenant outlined in its credit facility with the Bank of Nova Scotia relating to uranium production in 2008. Uranium production for the year totaled 1,635,000 pounds U3O8, with …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

…  that subject to regulatory approval Vaaldiam will reduce the exercise prices of a total of 22,326,069 of its currently outstanding …  18% were initially issued by Great Western Diamonds Corp. and approximately 5% were initially issued by Elkedra Diamonds NL, …

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 exploration program focused in …  flow rate of 6.2 million cubic feet of gas, 96 barrels of oil, and 336 barrels of water through an 18/64-inch choke. First production to …

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, Stratic and …  have decided to cease operations on well 16/2b-5A in the UK North Sea. The operational difficulties included an unsuccessful …  drilled to a total depth of 6,370 feet, having encountered oil shows in two exploration objectives (Skroo and Flugga), and has satisfied …

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

…  Group Ltd. announce that it has entered into an option agreement with a third party to acquire a 100% working interest in a Rare Earth Elements property in the Province of New Brunswick, approximately 53 km east-northeast of the city …

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

…  that Wallbridge Mining Company Ltd. has fulfilled its option commitment at Pele’s Sudbury Nickel Project through 2008 by spending an …  to complete its earn-in of a 60-percent interest in the project by spending an additional $500,000 on exploration by year-end 2009 …

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 7,300,000 units. On this amount, MineralFields Group, through …

January 9th, 2009