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Random News from Mining Top News

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  Corporation announced that the first exploration well of a new onshore exploration program focused in South Texas has resulted in a commercial discovery and the company’s first production in the United States. The initiative reflects a …

January 9th, 2009

Stratic ceases operations on Well 16/2b-5A in UK North Sea

Stratic ceases operations on Well 16/2b-5A in UK North Sea

…  Energy Corporation announces that following a series of operational difficulties, Stratic and its joint venture partner have decided …  which required the well to be re-spudded on 8th December 2008, and the failure of the top drive mechanism on the drilling rig last week, …

January 9th, 2009

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

…  in a Rare Earth Elements property in the Province of New Brunswick, approximately 53 km east-northeast of the city of Bathurst. …  to regulatory approval. This property is located in a mining-friendly jurisdiction, with excellent infrastructure nearby. The major …

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

…  in 2008 and by recently issuing an additional 400,000 of its common shares to Pele. Wallbridge is expected to complete its earn-in of …  structure that features Ni-Cu-PGE deposits along the contact and footwall of the Sudbury Igneous Complex, which forms the outer rim …

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, consisting of 7,300,000 units. On this amount, MineralFields …  will be used for the Phase 2 Exploration Program at the Company’s wholly owned Goldboro Property, Nova Scotia. Orex is very pleased …

January 9th, 2009

PMCC Moves to Set Aside Security Granted by ICMI

PMCC Moves to Set Aside Security Granted by ICMI

…  material in its action in the Ontario Superior Court of Justice Commercial List (Court File No. 07-CL-7224) against International …  has improperly paid out over US$30 million from the company. On November 29, 2008, the Ontario court issued an injunction restraining the defendants from …

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

…  Texas has commenced production from two intervals. As of January 4, 2009, the well was flowing at a daily rate of more than 6.1 …  3,766 pounds per square inch flowing tubing pressure. The company holds a five percent working interest in the well and leases in this …

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 Company has received a permit granted by the United States Army Corps of …  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

…  Desert Gold Corporation announced the results of its substantial issuer bid to purchase for cancellation a maximum of 36,000,000 common shares of the Company at a price of Cdn.$0.27 per HDG Share. The Offer expired at 9:00 p.m. …

January 8th, 2009

NovaGold Completes Disposition of Alexco Shareholding

NovaGold Completes Disposition of Alexco Shareholding

…  to less than 2%. This reduction was accomplished by way of private sale transactions, with the shares acquired by multiple unrelated …  mine sites through integration and implementation of the Company’s core competencies which include management of environmental services, …

January 8th, 2009