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Random News from Mining Top News

Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Announces Closure of Jupiter Mine

…  gave notice today, in compliance with the Worker Adjustment and Retraining Notification Act, that employees will be laid off from …  ships to domestic and international electric utilities, industrial users and metallurgical coal customers, and controls approximately 1.9 …

January 10th, 2009

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Corporation announces the successful appraisal and development of the Ebouri field in the Etame Marin license area offshore Gabon. Addax Petroleum has a 31.36 per cent non-operated interest in the Etame Marin license area. Commenting, Je …

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, …  executive officer. “The discovery of the Lalor deposit illustrates the excellent exploration opportunities available in the area, and I …  of Manitoba to assist in mitigating the impact the suspension will have on the approximately 100 workers at the mine and …

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 production from the Mc …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

…  were replaced by Vaaldiam warrants, pursuant to the previous acquisitions of all of the issued and outstanding shares of each of Great …  by the Company from the exercise of the warrants will be used for general working capital purposes. The warrants issued by Elkedra …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  exploration well of a new onshore exploration program focused in South Texas has resulted in a commercial discovery and the company’s …  much shorter time frame and at a lower cost. The domestic US production also allows us to recognize tax benefits in the U.S. that at year …

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

…  coming months whether further activity on the acreage is justified in the current economic climate. Mark Bilsland, Stratic’s Chief …

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

…  to 1.0% TREO with very low values for potentially deleterious uranium and thorium. While the overall TREO grade appears low compared to …  is a critical element in the high-temperature magnets used in hybrid vehicle electric motors. In a typical “light” rare earth deposit …

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

…  and/or monetize non-core assets in order to focus on development of its Eco Ridge Mine uranium project in Elliot Lake. The …  world, continuing to deliver world-class base and precious metal output after more than a century of operation. The camp’s dominant …

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

…  2009. The proceeds from this issue of $547,500 will be used for the Phase 2 Exploration Program at the Company’s wholly owned Goldboro …

January 9th, 2009