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Random News from Mining Top News

Gravel mining issue draws fire

Jean Oxford has waited almost a year and a half for violations caused by an in-stream gravel mining company to be fixed.
Oxford, who lives in Yellville near Crooked Creek with her husband, Kenneth, was one about 40 people who voiced their concerns about approving three in-stream gravel mining permits during a two-hour Arkansas Department of [...]

Tag: edgar cole arkansas, crooked creek adeq

Precision Drilling cuts monthly cash distribution 39% to 19 cents a unit

Precision Drilling Trust is reducing its monthly cash distribution 39 per cent, to 19 cents a unit from 31 cents, citing a “persistent decline in natural gas and oil price trends.”
The payout for January will be payable Feb. 15 to unitholders of record as of Jan. 31.
Units of the trust fell $1.54, 5.6 per cent, [...]

Chevron, Total seek oil deal in Iraq

Oil giants Chevron Corp. and Total have confirmed that they are in discussions with the Iraqi Oil Ministry to increase production in an important oil field in southern Iraq.
The discussions are aimed at finalizing a two-year deal, or technical support agreement, to boost production at the West Qurna Stage 1 oil field near Iraq’s second-largest [...]

Millstream Cuts 15 Metres of .16% Nickel at Potter

Millstream Mines Ltd. is pleased to announce that at its Potter Mine Project in north eastern Ontario, a diamond drill hole, S-07-17 has intersected 15 metres of nickel bearing mineralization grading .16% nickel along with anomalous values of copper, zinc and cobalt. The mineralization is hosted in peridotite. The hole was targeted to test a [...]

Cameron targets ‘green coal’ goal

The coal either has its CO2 removed, or captured after burning, to prevent it ending up in the atmosphere.
The Tory leader said his government would ensure all coal-fired power stations would be fitted with developing “carbon capture” technology.
Speaking in China, Mr Cameron also said countries whose industry grew later had less responsibility on emissions.

Supply angst pushes nickel to new record high

Nickel prices hit a new record high on Wednesday as worries about low stocks and supply disruptions intensified, while copper and aluminium prices firmed, analysts said.
Nickel for delivery in three months on the London Metal Exchange touched $36,040 a tonne, a rise of more than 20 percent since the seven-week low of $30,000 seen on [...]

TXU to use cleaner-burning coal method after all

TXU says it plans to build two coal-fired power plants in Texas using a cleaner-burning technology the company previously tried to discredit.
In an announcement Friday, TXU and the two investors behind the proposed $45 billion buyout of the company announced last month said they will issue a request for proposals from companies offering coal gasification [...]

Newcrest clears air on Goldman research blue

An embarrassing misunderstanding rather than work on a $7 billion takeover bid has been revealed as the real reason for Goldman Sachs JBWere’s temporary suspension of research on Australia’s biggest goldminer, Melbourne-based Newcrest Mining.
The misunderstanding was detailed in a ”clarification” statement issued by Newcrest yesterday morning after it was encouraged to do so by [...]

Wallbridge Mining Initiates $1.6 million 2009 Exploration Program on Parkin Offset Dyke

Wallbridge Mining Company Limited announced that its joint venture partner Impala Platinum Holdings Limited (“Impala”), the world’s second largest primary platinum producer, has allocated $1.6 million dollars for the 2009 exploration program on the Parkin Offset dyke properties in Sudbury. The program includes 6,300 metres of diamond drilling.
“We appreciate the support of our joint venture [...]

Tag: wallbridge parkin offset, milnet mine, commodities software uk ltd known as comsoft

Construction at Cameco Uranium Mine Delayed at Least a Year After Rock Slide

Cameco Corp., the world’s largest producer of uranium, on Monday said it will delay construction at its Cigar Lake mine by at least a year after a rock slide caused water to flow into the underground development.
The mine was originally slated to start production in early 2008.
Cameco, based in Saskatchewan, Canada, said it temporarily evacuated [...]