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Random News from Mining Top News

FuelCell Energy Announces New Process to Produce Hydrogen from Gas

FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of ultra-clean electric power generation plants for commercial, industrial, and government customers, today announced development of a cost-efficient system to separate pure hydrogen from a gas mixture that then can be sold as fuel for hydrogen vehicles or industrial uses. The U.S. Department of Defense (DoD) has awarded [...]

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Cliffs Natural Resources Inc. to Idle Three Iron Ore Pellet Furnaces

Cliffs Natural Resources Inc, a global mining and natural resources company, today reported that it has initiated production curtailments at two of its six North American Iron Ore mines.
Cliffs indicated that the curtailments were necessary to bring production levels in line with demand. Cliffs will temporarily idle two small pellet furnaces at Northshore Mining and [...]

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Uruguay Mineral Exploration Inc. Half Year Results Conference Call

Uruguay Mineral Exploration Inc., UME (TSXV), UGY (AIM), will announce its financial results for the quarter and six months ended November 30, 2006 on Thursday 11 January 2007.
The company will host a conference call for the global financial community at:
11.00 (EST – Toronto) / 14.00 (Montevideo) / 16.00 (GMT – London)
The conference call will be [...]

Timmins Gold Corp.: 40,000 Hectares Acquired Contiguous to Goldcorp’s World Class Penasquito Gold Deposit

Timmins Gold Corp. announce that it has acquired, by staking, a 40,000 hectare land package in the Penasquito area of Mexico. The claims are contiguous to Goldcorp’s Penasquito Gold Deposit and are approximately 20 km to the northwest of the Camino Rojo project of Canplats Resources. As of June 2007, Goldcorp reported proven and probable [...]

Commerce Resources Corp. Receives Updated Resource Estimate for Upper Fir Tantalum and Niobium Project

Commerce Resources Corp. is in receipt of an updated resource estimate for the Upper Fir Carbonatite, located in east-central British Columbia.
The updated resource estimate is based upon 20 HQ diameter diamond drill holes completed during 2005-2006, and an additional 18 HQ diameter diamond drill holes completed during 2007. The holes outlined a series of sill-like [...]

Crude oil prices drop below $58 a barrel

Crude oil prices dipped Friday on forecasts for warmer weather in the U.S. northeast, the world’s largest heating oil market.
The market also appeared to be reacting to news that OPEC output had dropped but was still above agreed cutbacks.
Light, sweet crude for March delivery dropped 19 cents to $57.80 a barrel by midday in Europe [...]

Monogram Energy, Inc. Reworks 2 of 3 Wells

Monogram Energy, Inc. announced that 2 of the 3 wells being reworked on the T.W. Martin lease are proceeding as planned, while the third has been delayed due to weather. The Company is anticipating a 30-40% increase in production following the workovers.
Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. stated, “This weather delay [...]

Petroleum Geo-Services ASA: Chartering of Source and 2D Vessel

Petroleum Geo-Services ASA announced today that PGS has entered into a 4 year firm Time-Charter with 2 x 1 year options with SeaBird Exploration Limited (BVI) for the “Harrier Explorer” as a fully equipped and operated source vessel. PGS has the option to use the vessel as a 2D vessel by covering the cost [...]

Norilsk nickel production up 0.8%, copper down 3.1% in H1

OAO MMC Norilsk Nickel (RTS: GMKN) produced 121,000 tonnes of nickel, 218,000 tonnes of copper, 1.656 million troy ounces of palladium and 398,000 ounces of platinum group metals in the first half of 2006, according to preliminary information, the company said in a statement.
In the first half of 2005 the company produced 120,000 tonnes of [...]

Perseverance Paying Off for Aura Silver at High-Grade Gold / Silver, VMS Project in Nunavut

Aura Silver Resources Inc. is pleased to report the results of the Company’s analysis of airborne geophysical data which was undertaken during 2007 and 2008 by Fugro Airborne Surveys Corporation on the Company’s 100% owned Greyhound Lake property in Nunavut, Canada. The geophysical analysis was performed by L.E. Reed Geophysical Consultant. This assessment supplements our [...]

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