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Random News from Mining Top News

New Drilling at African Eagle’s High-grade Msasa Gold Project

AIM quoted African Eagle Resources plc (”African Eagle” or ”the Company”, ticker AIM: AFE) is pleased to announce that MDN Northern Mining (”MDN”, TSE:MDN) has started reverse circulation drilling at the Company’s 90 per cent owned Msasa Gold Project in Tanzania.
Under an option agreement signed in May 2006, MDN is investing US$200,000 in exploration at [...]

Uranium One Completes Australian Joint Venture Transactions with Mitsui

Uranium One Inc. and Mitsui & Co., Ltd. of Japan announced that all regulatory approvals required to close the joint venture transactions previously announced on October 15, 2008 have been obtained. Mitsui has now acquired a 49% interest in the Honeymoon project and Uranium One’s Australian exploration portfolio including the Goulds Dam and Billeroo projects, [...]

Tag: uranium one australia stuart shelf, mitsui uranium, potash mine transactions, mitsui co uranium australia, uranium transactions australia

Calyon hikes 2007 price forecasts for lead, nickel on continued high demand

Calyon CMR has made sizeable upgrades to its 2007 forecast prices for lead and nickel on expectations for continued high demand at a time inventories are slumping, it said.
The investment bank has hiked its price outlook on nickel by 12.3 pct to 34,250 usd per tonne and on lead by 26.4 pct to 1,580 usd, [...]

Bronco Drilling 4Q Profit More Than Doubles on Higher Revenue, More Operating Rigs

Bronco Drilling Co. said Thursday that its fourth-quarter profit more than doubled on sharply higher revenue and an increase in the number of operating rigs available.
Quarterly net income surged to $16.4 million, or 66 cents per share, from $6.8 million, or 31 cents per share, in the prior-year period.
Excluding a one-time charge related to [...]

Victim recalls frightening Kelso robbery

As a robbery victim described her ordeal to a reporter Thursday, a customer in a white hooded sweatshirt entered The Daily News.
The man who robbed her had worn a white hooded sweatshirt. The robber, who stole her purse and then drove off with the victim hanging out of his car Jan. 29, still is at [...]

Firstgold Corp. Announces Bond Adjudication and Pad Construction

Firstgold Corp. announced today that it has received notice from the Bureau of Land Management that its $2.1 million (US) bond increase has been accepted. This is the final component to the completion of the permitting process, and brings the total Relief Canyon bond amount to $2.8 million (US).
Having completed the permit and bonding [...]

Golden Patriot Receives Government & State Approval for Major Drill Program on Past Producing Uranium Mine

Golden Patriot, Corp. (“Golden Patriot”) (OTCBB: GPTC) (Frankfurt Stock Exchange: GPU) is extremely pleased to announce that it has now received Government and State approval of the ‘Plan of Operations’ for a 20 hole drill program on the past producing Lucky Boy Uranium Mine in Gila County, Arizona. The Plan of Operations includes: road construction, [...]

Military to stay at Freeport

The Indonesian Military (TNI) says it will continue guarding PT Freeport Indonesia in the restive province of Papua, despite accusations of human rights abuses against local people.
Protecting the American gold and copper mine was listed as part of the military’s duties in the 2004 presidential decree on national vital objects, said Lt. Col. Inf. Siburian, [...]

India’s Jindal Steel to tap Bolivia iron ore deposit in 2.3 bln usd deal

Bolivia’s government is expected in the next six weeks to approve a 2.3 bln usd bid by Jindal Steel and Power of India to extract one of the world’s largest untapped iron ore deposits, the Financial Times reported.
It is the most significant example of a country with no record of financial involvement with Bolivia voicing [...]

Aldrin Options Gold Exploration Property in the Mayo Mining District, Yukon Territory

Aldrin Resource Corp. announces that it has entered into a property option agreement with Ryanwood Exploration Inc. (“Ryanwood”) to acquire a 100% interest in the “Keystone Property” located in the Mayo Mining District, Yukon Territory.
The Keystone Property is comprised of 224 quartz mining claims covering an area of 11,200 acres or 44.8 square kilometers. The [...]

Tag: aldrin yukon, gold exploration in the yukon, yukon mineral options, keystone property yukon, yukon exploration option terms