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Random News from Mining Top News

South Africa: Tawana Makes Passive Investment in Iron Ore

DIAMOND explorer Tawana Resources has acquired an interest in a portfolio of iron ore prospects in Northern Cape and Thabazimbi through its 26% stake in black empowerment company Rakana Consolidated Mining, the company says.
But Tawana CE Wolf Marx said yesterday this did not mark a move out of diamonds by the company. Tawana’s association with [...]

Tag: seven falls rakana

Precision Drilling cuts monthly cash distribution 39% to 19 cents a unit

Precision Drilling Trust is reducing its monthly cash distribution 39 per cent, to 19 cents a unit from 31 cents, citing a “persistent decline in natural gas and oil price trends.”
The payout for January will be payable Feb. 15 to unitholders of record as of Jan. 31.
Units of the trust fell $1.54, 5.6 per cent, [...]

Silver Verde May Mining Announces Letter of Intent to Acquire Golden Eagle Mining Co., Inc.

Silver Verde May Mining Company announce that it has signed a letter of intent to acquire all of the issued and outstanding shares of Golden Eagle Mining Co., Inc.. Upon completion of due diligence and further director approvals, Verde May will issue 14,287,680 of its common shares to acquire all of the shares of Golden [...]

Tag: mining corporations registered in idaho, minexexploration, american mining corporation schifrin, star morning mine burke id, golden eagle mining idaho

China’s coal catastrophe

China produces more coal than anywhere else in the world, fuelling the country’s economic boom. But it comes at a terrible price: the mines are the world’s deadliest, and their environmental impact is catastrophic. Safer – and cleaner – technology exists. But is there the political will to make it happen?
The trucks rattling away [...]

Tag: an tai bao surface coal mine

MMX Announces LLX Obtains Environmental License for Port Sudeste

MMX Mineração e Metálicos S.A. informs its shareholders and the market in general that LLX Logística S.A., through its subsidiary LLX Sudeste Operações Portuárias Ltda., obtained preliminary environmental license for the construction of “Port Sudeste,” a port terminal with a capacity of 50 million tons of iron ore per year.
Located in the municipality of Itaguaí, [...]

Tag: port de sudeste, llx sudeste operacoes portuarias, environmental llx logistica 2009, llx news, llx mining

Petrobras, Repsol joint drilling in Persian Gulf

The National Iranian Drilling Company (NIDC), in collaboration with foreign firms, has started the drilling of four exploratory wells in the Persian Gulf, an official with the NIDC said, MNA reported.
Hedayatollah Khademi told the Mehr News Agency that the NIDC has started the drilling operations at the Persian Gulf in cooperation with Brazil?s Petrobars [...]

Tag: repsol spain mining equipment

Arch Coal’s Thunder Basin Sweeps International Surface Mine Rescue Competition

Arch Coal’s Thunder Basin Coal Company achieved a first place finish in the 28th Annual International Surface Mine Rescue Competition held in Campbell County, Wyo., on August 21-23. A total of 12 teams from the United States and Canada participated in the three-day event hosted by the Powder River Basin Safety Association and the Campbell [...]

Tag: arch coal ken cochran

Nayarit Gold Inc. Announces Closing of Brokered Private Placement of $10 Million

The Directors of Nayarit Gold Inc. announce the closing of a brokered private placement consisting of 20,000,000 units in the Company at a price of $0.50 per Unit. Each Unit is comprised of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one [...]

Khan Resources Announces Construction of Power Line and Sedimentation Pond at Dornod Uranium Project

Khan Resources Inc. announce that it has entered into contracts for the construction of a power line and sedimentation pond for the Dornod Uranium Project.
The electric power line will be constructed from the Xin Xin Mine to the Dornod Uranium Property, a distance of about 26 kilometres and an electrical substation will be constructed at [...]

Tag: kerry mongola llc, kerri mongolia llc, kerry mongolia, kerrymongolia mn, kerry mongolia llc

Silver Spruce Resources Inc.: Airborne Radiometric Survey Starts in Central Mineral Belt, Labrador

Silver Spruce Resources Inc. (TSX VENTURE:SSE – ; FWB:S6Q) is pleased to announce that Fugro Airborne Surveys of Toronto, ON, has begun the airborne radiometric/magnetic surveys on the Silver Spruce properties in the Central Mineral Belt and the Seal Lake area in Labrador. The survey totals approximately 10,000 line kilometres.
Compilation work by Silver Spruce has [...]

Tag: silver spruce resources, airborne mineral survey