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Random News from Mining Top News

PDVSA Starts Drilling as Corocoro Operator

Venezuela’s state oil firm PDVSA has started drilling after taking over operations of US oil major ConocoPhillips’ (NYSE:COP) Corocoro project, according to a PDVSA statement.
Conoco so far has not accepted government terms for continuing in PDVSA-dominated joint venture deals in the South American country.
PDVSA did not specify whether it was referring to Corocoro Este or [...]

Tag: corocoro mining

Excellon Resumes Normal Production at Platosa

Excellon Resources Inc. announce that it has successfully sealed the area of the unexpected water inflow encountered during normal mine development on October 4th. Dewatering of the mine has now allowed full production activities to resume. On November 30, haulage of ore to surface from underground storage areas was started and routine mining activity was [...]

Environmental Group Delivers Lumps of Coal to Merrill Lynch to Protest Texas Power Plant Project

That’s what environmental protesters dressed in business suits and stovepipe hats delivered to the Wall Street investment bank on Tuesday.
“Billionaires for Coal” and members of the nonprofit Rainforest Action Network staged the stunt to protest the bank’s role in financing Dallas-based utility company TXU’s plan to build 11 new coal power plants across Texas in [...]

Intermap Technologies Introduces New Malaysia Mapping Program

Intermap Technologies today announced that the Company has entered into a new distribution program with the Sabah Lands and Surveys Department in East Malaysia. The program, called Digital Sabah, will make available high-resolution 3D digital elevation data and imagery covering the entire State of Sabah.
Sabah, located on the Island of Borneo and the Malaysia Borneon [...]

Tag: 8221, 3d programmer m n ng, malaysia jutility mapping company, hotwell services in malaysia

$274m sale a debt gold mine

MULTIPLEX Group plans to use the $274 million from its sale of Goldfields House in Sydney to Valad Property Group yesterday to cut its debt.
Director of investor relations Peter Murphy said the proceeds will be used to ease the company’s senior debt and fund its Property Trust commercial mortgage backed securities (CMBS) program.
Mr Murphy said [...]

Uranium 308 Corp.:Company Updates on Progress of Drilling Program at Janchivlan, Mongolia

Uranium 308 Corp. announce the resumption of its drilling program at Janchivlan, Mongolia, about 70 kilometers southeast of Ulaan Baatar (see previous update in news release dated July 24, 2008 at www.uranium308corp.com).
Diamond core drilling resumed after the drill rig moved to the North Block target area on August 19, 2008 with one drill rig. [...]

Aurora Announces 2008 Exploration Program in Baker Lake Basin, Nunavut

Aurora Energy Resources Inc. announce its 2008 exploration program at its recently acquired Baker Lake Basin property in Nunavut, Canada.
“We believe the Baker Lake Basin property hosts prospects that have potential for rapid growth and resource definition,” said Mr. Bruce Dumville, Aurora’s President and CEO. “We are impressed with the 2007 drill results and this [...]

Tag: nunivut

California Becoming a Hot Solar Market

Google is going solar. The Internet giant announced today it plans to install what could be the largest solar system in the world at its Mountain View headquarters. It is the start of what many are predicting will be a major shift to renewable energy.
The sun may not be healthy for our skin, but the [...]

Cambrian in Coal Int’l bid talks

Cambrian Mining has admitted it is in talks with the independent executive director of Coal International (LSE: CLN.L – news) about a possible offer for the coal group.
“Current discussions are focussed on a share for share exchange with the proposed ratio still under negotiation,” it said in a short statement Friday.
“Discussions with Coal International form [...]

Paramount Gold and Silver Corp. listing with Deutsche Borse

Paramount Gold and Silver Corp. advises that its common shares will be listed for trading on the Frankfurt Stock Exchange within the Open Market (Entry Standard) effective today. F.I.B Frankfurter Investmentbank AG acted as applicant to the exchange on behalf of Paramount.
Christopher Crupi, CEO of Paramount commented, “The listing of our shares for trading with [...]