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Random News from Mining Top News

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

…  to regulatory approval. This property is located in a mining-friendly jurisdiction, with excellent infrastructure nearby. The major …  km away with a railroad within 10 km, ports within 50 km, and power lines to the local smelters are also within 50 km. The Benjamin …

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

…  Mountain Resources Inc. announced that Wallbridge Mining Company Ltd. has fulfilled its option commitment at Pele’s Sudbury …  $300,000 on qualifying exploration expenditures in 2008 and by recently issuing an additional 400,000 of its common shares to Pele. …

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

…  EXPLORATION INC. announce the closing of a private placement of $547,000, …  of $0.075 per unit consists of one flow-through share and one warrant giving the right to buy one non-flow-through share at a price …  A 2% cash finder’s fee will also be paid to another intermediary for this financing. Additional commissions of $6,900 and 150,000 …

January 9th, 2009

PMCC Moves to Set Aside Security Granted by ICMI

PMCC Moves to Set Aside Security Granted by ICMI

…  et al., to add as defendants “redemption rights” holders and secured creditors of ICMI, including Platinum Partners Value Arbitrage Fund L.P., and for a declaration invalidating certain …

January 9th, 2009

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas

…  Oil and Gas Inc. announced that the Cochran #1 exploratory well in the Garwood …  at a daily rate of more than 6.1 million cubic feet of gas and 100 barrels of oil plus approximately 300 barrels of water through an …  well began in late October 2008 and is part of an ongoing exploration program in South Texas. “We are very pleased with the results …

January 8th, 2009

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

Phoenix Coal Inc. secures permits for Radio Hill section of Briar Hill surface mine

…  Coal Inc., a leading producer and consolidator of thermal coal reserves in the Illinois Basin, announced the …  has now secured all of the necessary permits to begin mining on the Radio Hill section of the Briar Hill surface mine (”Radio Hill”) …

January 8th, 2009

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

High Desert Gold Corporation Announces Results of Its Substantial Issuer Bid

…  has taken up all of these validly deposited HDG Shares and payment, therefore, will be made as soon as practicable in accordance with …  for cancellation comprise approximately 82.5% of the outstanding HDG Shares before giving effect to the purchase. After giving effect to …

January 8th, 2009

NovaGold Completes Disposition of Alexco Shareholding

NovaGold Completes Disposition of Alexco Shareholding

…  of directors. Alexco’s business is to unlock value and manage risk at mature, closed or abandoned mine sites through integration and implementation of the Company’s core …  and closure operations and if appropriate, rejuvenation of exploration and development …

January 8th, 2009

Weststar Receives NI 43-101 Technical Report on Saskatchewan Tobin Lake 18 Meter Coal Property

Weststar Receives NI 43-101 Technical Report on Saskatchewan Tobin Lake 18 Meter Coal Property

…  Technical Report on the Saskatchewan Tobin Lake 18 Meter Coal property. The report, dated January 6, 2009, is authored by Marvin A. Mitchell, P. Eng of Mitchell Geological Services Inc. and will be filed on SEDAR shortly. The Tobin Lake 18 Meter Coal property …

January 8th, 2009

Cloudbreak Receives Additional Coal Permits

Cloudbreak Receives Additional Coal Permits

…  Resources Ltd. report that Saskatchewan Energy and Resources has delivered to The Company additional coal permits encompassing 8 full or partial townships. To date, Cloudbreak …

January 8th, 2009