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Random News from Mining Top News

Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Announces Closure of Jupiter Mine

Patriot 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 toda …

January 10th, 2009

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Announces Update to Gabon Drilling Program

…  the successful appraisal and development of the Ebouri field in the Etame Marin license area offshore Gabon. Addax Petroleum has a …  pilot hole is currently being completed, with initial production expected in early 2009. The Adriatic VI will then drill another …

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

…  million tonnes of ore between June 2000, when commercial production began, and September 30, …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

…  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 …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam Resources Ltd. announce that subject to regulatory approval Vaaldiam will reduce the exercise prices of a total of 22,326,069 of its currently outstanding warrants from their current exercise prices (which range from $0.55 to $1.89) to $0.08. Of t …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  resulted in a commercial discovery and the company’s first production in the United States. The initiative reflects a shift in strategy by …  were tested, with the lowest zone plugged due to water production. The well achieved a stabilized daily flow rate of 6.2 million cubic …

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

Stratic Energy Corporation announces that following a series of operational difficulties, Stratic and its joint venture partner have decided to cease operations on well 16/2b-5A in the UK North Sea. The operational difficulties included an unsuccessful  …

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

…  water, roads, rail and power make large tonnage by-product production plausible. Under the terms of the agreement, GWMG will pay to the …

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 arranging project financing through to commercial production. The Option agreement at Sudbury demonstrates Pele’s corporate …

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

…  consisting of 7,300,000 units. On this amount, MineralFields Group, through First Canadian Securities® (a division of Limited Market …  respect to the $420,000 investment by MineralFields Group, First Canadian Securities® obtained a finder’s fee of 5% in cash …

January 9th, 2009