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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 29, 2008, its intention to …  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 …

January 10th, 2009

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Announces Update to Gabon Drilling Program

…  Marin license area, in which the Corporation holds a 68.75 per cent operated interest. Both pilot holes were successful 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

…  basis. The Chisel North mine is located approximately 705 kilometres from Winnipeg, Manitoba. In the nine months ended September 30, 2008, it produced 243,078 tonnes of ore, and has produced approximately 2.5 …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

…  the Bank of Nova Scotia relating to uranium production in 2008. Uranium production for the year totaled 1,635,000 pounds U3O8, with production from the McClean Lake joint venture being …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

…  from their current exercise prices (which range from $0.55 to $1.89) to $0.08. Of these warrants approximately 18% were initially issued …  information please refer to the press release of March 10, 2008 and documents referenced …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  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 …  has a 20 percent equity interest and approximately a 15 percent net revenue interest in the Cochran #1 well. Drilling additional …

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

…  partner have decided to cease operations on well 16/2b-5A in the UK North Sea. The operational difficulties included an …  be re-spudded on 8th December 2008, and the failure of the top drive mechanism on the drilling rig last week, together with considerable …

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

…  property in the Province of New Brunswick, approximately 53 km east-northeast of the city of Bathurst. The agreement is subject to regulatory approval. This property is located in a mining-friendly jurisdiction, with excellent infrastructure nearby. The major …

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 commitment at Pele’s Sudbury Nickel Project through 2008 by spending an additional $300,000 on qualifying exploration expenditures …  interest in the project by spending an additional $500,000 on exploration by year-end 2009 and can increase its interest to …

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

…  INC. announce the closing of a private placement of $547,000, consisting of 7,300,000 units. On this amount, MineralFields Group, …  of Limited Market Dealer Inc.), has subscribed for 5,600,000 units representing $420,000. Each unit at a price of $0.075 per …

January 9th, 2009