HudBay to Re-Start Chisel North Mine and Snow Lake Concentrator
HudBay Minerals Inc. announced that it will re-start operations at its Chisel North mine and concentrator in Snow Lake, Manitoba effective immediately, with full production expected in the second quarter of 2010. The re-start of operations at Snow Lake is expected to provide approximately 30,000 tonnes of zinc concentrate feed to the company’s Flin Flon zinc plant annually. The capital costs...
Universal Holdings Closes Acquisition and Enters Domestic North American Oil and Gas Market
Universal Holdings announced that on September 21, 2009, the company purchased 100% of the outstanding membership units of Coronado Acquisitions, LLC. In connection with this acquisition, Universal has satisfied a promissory note issued by Coronado Acquisitions, LLC in the principal amount of $3,250,000 by issuing 2,100,000 restricted shares of its common stock to the Noteholders. Coronado is a development...
Avista Reaches Settlement in Oregon Natural Gas Rate Request
Avista and all other parties involved in the company’s natural gas general rate filing have reached a settlement agreement that, if approved by the Public Utility Commission of Oregon, would result in an overall general rate increase of 7.1 percent. The new rates would take effect Nov. 1, 2009. “We believe the terms of the settlement agreement are fair and are in the best interest of our...
Mechel Starting New Production At Korshunov Mining Plant
Mechel OAO, one of the leading mining and metals companies, announces starting production for repair of type 2 BC-105 dump cars at its Korshunov Mining Plant OAO subsidiary and obtaining a permit for the repaired dump cars to be used at railways of Russia. To establish the production reconstruction of repairs and mechanics shop was performed, high technology equipment was purchased, and the staff...
Anglo Swiss Resources Completes Metallurgical Study for 93% Gold Recovery at the Kenville Gold Mine
Anglo Swiss Resources Inc., announces that G&T Metallurgical Services Ltd. of Kamloops, British Columbia has completed a Metallurgical Scoping Study for the company’s Kenville Gold Mine Project near Nelson, British Columbia. G& T Metallurgical Services is an integrated mineral process research and development company with laboratories for sample preparation, mineral processing testing,...
Nevada Gold Holdings Inc. Provides Overview of Nevada Exploration
Nevada Gold Holdings, Inc., a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, is pleased to provide an overview of the current state of gold exploration in Nevada. Nevada is a world-famous, mining-friendly state and the leading gold-producing state in the United States. According to the January 2008 U.S. Geological Survey, in 2007, approximately...
Redcorp Announces Court Ordered Extension of Stay and Related Relief Under CCAA Restructuring
Redcorp Ventures Ltd. announced that all of the relief granted in the order made by the British Columbia Supreme Court pursuant to its filing with Redfern Resources Ltd. under the Companies’ Creditors Arrangement Act (“CCAA”) on March 4, 2009, including the stay period as therein defined, is continued and extended until June 16, 2009 by order of the Court. The Court ordered that Redcorp...
Continental Finalizing Mining License Application & Compiling Materials for Construction Permits
Continental Minerals Corporation announces an update on progress toward mine development at the Xietongmen property, located 240 kilometers from the city of Lhasa in Tibet Autonomous Region, People’s Republic of China. The Company expects that the Mining License Application for the Project will be formally submitted later this week. Continental recently achieved another step towards finalizing...
Southern Energy Completes the Acquisition of the Catalina Silver and Gold Property
Southern Energy Company Inc., a publicly traded resource exploration company, is pleased to announce that it has completed its acquisition of the Catalina Silver and Gold Property located northwest of Santiago, Chile. Pursuant to the terms of the agreement, the Company acquired the property for a total of 2,000,000 shares of restricted common stock at a deemed price of $1.50 per share. About the Catalina...
Hidalgo Mining International New Production Plan in Ghana
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced today to shareholders its new production plan in Ghana, West Africa. Mark Daniel Klok, President of HMIT, stated, “Due to the recent coup and instability in Guinea, management has implemented an alternative production plan to protect its shareholders from further political risk, an unstable...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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