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Random News from Mining Top News

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  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

…  million. The joint venture partners will assess over the coming months whether further activity on the acreage is justified in the …  Bilsland, Stratic’s Chief Operating Officer commented: “We are naturally disappointed not to have completed the drilling of well 16/2b-5A but, given the current economic …

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

…  and thorium. While the overall TREO grade appears low compared to some other deposits, the proportion of heavy rare earth oxides …  payment of $300,000 on the fifth anniversary date. Upon completion of the prescribed payments, GWMG will own 100% of the property, …

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 Nickel Project through 2008 by spending an …

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

…  to another intermediary for this financing. Additional commissions of $6,900 and 150,000 purchase warrants will be payable to …  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

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

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

…  the Garwood prospect located in Colorado County, Texas has commenced production from two intervals. As of January 4, 2009, the well was …  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

…  thermal coal reserves in the Illinois Basin, announced the Company has received a permit granted by the United States Army Corps of …  404 of the Clean Water Act. With the 404 Permit, the Company has now secured all of the necessary permits to begin mining on the …

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

…  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

…  approximately 16% to less than 2%. This reduction was accomplished by way of private sale transactions, with the shares acquired by …  mine sites through integration and implementation of the Company’s core competencies which include management of environmental services, …

January 8th, 2009