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Random News from Mining Top News

Dollar Up, Gold Down in Europe

The U.S. dollar rose against other major currencies in European trading Wednesday. Gold fell.
The euro closed at $1.3199, down from $1.3247 late Tuesday in New York. Later, in midday trading in New York, the euro fetched $1.3212.
Other dollar rates in Europe, compared with late Tuesday, included 118.72 Japanese yen, up from 117.92; 1.2228 Swiss francs, [...]

Oxbow Resources Announces Appointment of Vice President of Exploration

Oxbow Resources, a company that is using innovative geological concepts and exploration technology to discover new gold and silver resources in well-established mineral belts, today announced the appointment of Mr. James Laird as Vice President of Exploration. Mr. Laird, who has an impressive list of precious and base metal deposit discoveries, brings over 30 years [...]

Crown Minerals Announces $300,000 Non-Brokered Private Placement

Crown Minerals Inc. announce a proposed non-brokered private placement of up to 2,500,000 units at a price of $0.12 per unit (the “Offering”), for aggregate gross proceeds of up to $300,000. Each Unit will be comprised of one common share and one share purchase warrant, each such warrant entitling the holder to purchase one common [...]

Tag: abiti greenstone belt timmins ont, stephen dunn mining, crown minerals stocks, abitibi greenstone belt mining companies, northern propertys ont under

FMC Technologies Acquires Interest in Roxar ASA

FMC Technologies Inc., acting through its wholly owned subsidiary, FMC Kongsberg Holdings AS, and with the assistance of DnB NOR Markets, has acquired 25,000,000 shares in Roxar ASA, representing 10.26% of Roxar’s outstanding share capital.
Roxar is a strategic supplier to FMC Technologies of components for subsea and other applications and this transaction will strengthen the [...]

Tag: conocophillips approved

Environmentalists say U.S. rush to build coal plants imperils N.J. air

Environmentalists predict dire consequences for New Jersey’s air quality if more than 150 proposed coal power plants are built across the country. On Thursday, they urged the state to lead by example and ban new coal plants here.
The activists said pollution from proposed coal plants will exacerbate global warming by 10 percent in the United [...]

International Minerals to Repurchase Shares

International Minerals Corporation has received approval from the Toronto Stock Exchange to commence a normal course issuer bid or share repurchase program to purchase 5.0 million of its common shares, representing 5.24% of IMZ’s public float of 95,366,301 Shares and 5.21% of IMZ’s 96,030,001 issued and outstanding Shares, as at October 8, 2008.
Pursuant to [...]

Passport Metals Inc. Identifies Copper Manto at Gilda Copper – Gold Property

Passport Metals Inc. announce that it has identified a copper bearing manto on its Gilda Joint Venture Property located 25 kilometres north east of the regional mining centre of Copiapo in Region III, Chile. Phase I exploration consisted of excavator trenching, road building, mapping and sampling. Preliminary bedrock chip and grab sampling in a newly [...]

CVRD Announces Plans to Invest $6.3 Billion to Expand Production

Brazilian mining giant Companhia Vale do Rio Doce, or CVRD, on Friday announced plans to invest US$6.3 billion (euro4.9 billion) to expand production in 2007.
A large part of the company’s capital expenditure budget has been earmarked for increasing the output of nonferrous metal, a CVRD statement said.
Nonferrous metals investments were pegged at US$2.55 billion (euro1.98 [...]

SAS Ranked Best in Data Mining

SAS, the leader in business intelligence was voted Best Data Mining Toolset vendor for the third consecutive year. Value, reliability and broad applicability are the hallmarks of the Intelligent Enterprise Readers’ Choice Awards, the annual pick of preferred vendors. SAS also received 87 percent of votes in the customer satisfaction category for Web/Clickstream Analytics, tying [...]

Nord Resources Corporation (NRDS): Terminates Merger Agreement w/Platinum Diversified Mining

Nord Resources Corporation (NRDS) announced that it has delivered a Notice of Termination to Platinum Diversified Mining, Inc. regarding the proposed acquisition of Nord by Platinum in the all-cash merger transaction.
In the Notice of Termination and pursuant to the terms of the Merger Agreement, Nord has made a demand of Platinum to pay Nord a [...]