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Random News from Mining Top News

Construction at Cameco Uranium Mine Delayed at Least a Year After Rock Slide

Cameco Corp., the world’s largest producer of uranium, on Monday said it will delay construction at its Cigar Lake mine by at least a year after a rock slide caused water to flow into the underground development.
The mine was originally slated to start production in early 2008.
Cameco, based in Saskatchewan, Canada, said it temporarily evacuated [...]

Ships return to La. waters after oil spill

Commercial vessels began using a southwestern Louisiana shipping channel on Friday for the first time since a spill of 47,000 barrels of oil forced its closure last week and tapped the nation’s oil reserve.
The U.S. Coast Guard allowed a limited number of ships to use the Calcasieu Ship Channel after the wake from a barge [...]

Kazakhmys says 2006 copper cathode output up 5pct

Kazakhmys, the world’s 10th largest copper miner, said on Tuesday copper cathode production rose 5 percent in 2006.
Copper cathode production from its own concentration rose by 9 percent thanks to higher production from its recently commissioned Artemyevskoe, Zhomart and Kosmurun mines, the company said in a statement.

Pinnacle completes acquisition of gold assets

Pinnacle Mines Ltd. (“Pinnacle”) and Tenajon Resources Corp (TSX-V:TJS; “Tenajon”) are pleased to announce that they have closed the transaction announced on April 21, 2008 and Pinnacle has now purchased Tenajon’s wholly owned subsidiary, 0781639 B.C. Ltd. (the “Corporation”). The Corporation holds an undivided 40% ownership interest in and to the Kansas Claim and a [...]

Million of dollars obtained by Platina Energy Group in Reserves

An independent reserve report data quantifying its holdings in Kentucky and Tennessee for net oil and gas reserved revealed by Platina Energy group, Inc. In such quite short report it is said that the specific net recoverable quantities are 1.85 million barrels of oil and 24BCF of natural gas. At present pricing, this represents [...]

Tag: platinaenergygroup, platina mining, related platinagroup platina group

Victory Energy Corporation to Expand Drilling and Production

Victory Energy Corporation told the press that the company today drilling progress on the two deep Strawn Limestone gas wells. The wells are located in the Corporation’s Crockett County gas play in the Texas Permian Basin.
Victory’s drilling contractor reports the two Strawn Limestone gas wells are at 7,700 and 7,000 feet in depth. Both wells [...]

Puda Coal, Inc. Announces Q3, Q4 and Full Year ‘06 Revenue Guidance

Puda Coal, Inc., a leading supplier of China’s highest grade metallurgical coking coal — which is used to make coke for steel manufacturing, announced today Q3, Q4 and full year ‘06 revenue guidance.
Puda anticipates third quarter revenue of approximately $38 million, as compared to revenue of $18 million in Q3 ‘05 — a 111% increase.
The [...]

Nirek Resources Inc. Offers to Purchase a Minimum of 20% of Century Mining Corp.

Nirek Resources Inc. has offered, upon certain conditions, to purchase not less than 20% of the issued and outstanding common shares of Century Mining Corp. on the basis of one (0.01) for each Century share.
The purpose of the Offer is to enable Nirek to acquire at least 20% of Century shares in order to assist [...]

Bayswater’s Kanairiktok Bay Uranium Prospect in Central Mineral Belt, Labrador Yields 6.9% U3O8

Bayswater Uranium Corporation is pleased to report that final assays from its 2006 program in the Central Mineral Belt, Labrador have now been received and results include a grab sample from a biotitic shear zone on the Kanairiktok Bay Prospect that assayed 6.9% U3O8 and have confirmed the discovery of two new uranium mineralized [...]

Tag: potential radioactivity mininig zone, bay uranium

Verenex submits Final Appraisal Report and preliminary development plan for A1-47/02 Field in Libya

Verenex Energy Inc. announce that it has submitted a Final Appraisal Report for the A1-47/02 Field to the Area 47 Management Committee which includes representatives of Verenex, Medco International Ventures Limited and the Libyan National Oil Corporation (“NOC”). The Report recommends that the field be declared commercial as a first step in advancing a 50,000 [...]

Tag: preliminary appraisal report