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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

…  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 River Property covers 55 claims totaling 880 hectares (ha) and hosts an apatite-diopside-magnetite vein that has been traced on surface …

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

…  $300,000 on qualifying exploration expenditures in 2008 and by recently issuing an additional 400,000 of its common shares to Pele. …  an additional $500,000 on exploration by year-end 2009 and can increase its interest to 72.5-percent by completing a bankable …

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

…  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 of $0.10 per share for a period of 12 months and at $0.15 per share for the following 12 months. Each flow-through share …

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 grants of security interests over …

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 …

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”) …  under Section 401 of the Clean Water Act (”401 Permit”) and a permit granted by the Kentucky Division of Surface Mining Reclamation and …

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 …

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

…  A. Mitchell, P. Eng of Mitchell Geological Services Inc. and will be filed on SEDAR shortly. The Tobin Lake 18 Meter Coal property …  km to the southeast. The report also notes the good access and close proximity to hydroelectric power on Tobin Lake and to rail lines …

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 …  410,000 acres of coal permits in Saskatchewan and approximately 350,000 acres for the rights to subsurface potash which lie …  of Comfort” have been issued by Saskatchewan Energy and Resources to Cloudbreak for an additional 16.5 townships (approximately …

January 8th, 2009