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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 idle the Jupiter thermal coal facility. In connection with the closing of the facility, the Company gave notice today, in compliance with the Worker …

January 10th, 2009

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Announces Update to Gabon Drilling Program

…  announces the successful appraisal and development of the Ebouri field in the Etame Marin license area offshore Gabon. Addax …  above the oil water contact, thereby expanding the areal extent of the Ebouri field. A horizontal development well on the same orientation …

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

…  in Snow Lake, Manitoba due to depressed prices of base metals, and the economic downturn. The company will place both the mine and concentrator under care and maintenance until economic conditions warrant re-evaluation. “We recognize this …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

…  the covenant outlined in its credit facility with the Bank of Nova Scotia relating to uranium production in 2008. Uranium production for …  combined with the approximately 1,218,000 pounds of vanadium produced at White Mesa, which under the bank covenant is equivalent …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

…  approval Vaaldiam will reduce the exercise prices of a total of 22,326,069 of its currently outstanding warrants from their …  further means of raising additional capital through the potential exercise of these warrants. Proceeds received by the Company from the …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  Corporation announced that the first exploration well of a new onshore exploration program focused in South Texas has resulted in a …  depth of 16,870 feet and encountered three zones of potential natural gas pay. All three intervals were tested, with the lowest zone …

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 its joint venture partner have decided …  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

…  in a Rare Earth Elements property in the Province of New Brunswick, approximately 53 km east-northeast of the city of Bathurst. …  Oxide (”TREO”) to 1.0% TREO with very low values for potentially deleterious uranium and thorium. While the overall TREO grade appears …

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

…  in 2008 and by recently issuing an additional 400,000 of its common shares to Pele. Wallbridge is expected to complete its earn-in of …  Wallbridge has discovered two new offset dikes and an extensive belt of Sudbury Breccia on the Pele property. Offset dikes in the …

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 …  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 …

January 9th, 2009