Canadian Arrow Mines, Ltd., reports that it has received a work permit from the Ontario Ministry of Natural Resources for the construction of an all-weather road into the Kenbridge Nickel Project site. The 10km construction will involve the widening and surfacing of an existing trail that provides seasonal access to the project site from the [...]
Share of mining equipment companies got a boost Monday on news that one member of the group had quarterly results that easily beat Wall Street predictions and another said it will acquire an underground coal mining equipment business.
Joy Global Inc. announced before the market opened that its fiscal fourth-quarter profit jumped 52 percent on overseas [...]
OAK RIDGE – Contrary to an earlier report, the Y-12 nuclear weapons plant is not dumping a new technique for processing uranium.
In early November, a plant spokesman said Y-12 had abandoned development of “saltless direct oxide reduction,” a process that exploded during a test operation in 2003. “Programmatic requirements changed, and we no longer needed [...]
Ivory Energy Inc. announces it has offered to purchase a private operating company with oil and gas production in Saskatchewan and gas production in Alberta with significant exploration and development lands associated with both areas. The acquisition is accretive to Ivory increasing its interest substantially in both areas.
“The impending acquisition is consistent with Ivory’s strategic [...]
Ukraine could offer a new transit route for oil exports from Azerbaijan, the Ukrainian energy minister said Wednesday.
The post-Soviet Caspian nation, rich in hydrocarbon resources, currently pumps its oil and natural gas to foreign markets through three pipelines running from Baku to the Turkish port of Ceyhan, Georgia’s Supsa and Russia’s Novorossiisk.
The largest power plant in South Dakota history, a proposal already under fire from environmental advocates for using coal instead of wind, would be 50 percent more expensive than previously estimated, according to utility executives.
Otter Tail Power Co. officials told Minnesota regulators last week that the price of building the coal-burning Big Stone II plant [...]
Komatsu America Corp.’s D51 EX/PX-22 crawler dozer won a silver award for their design in the IDEA® (International Design Excellence Awards) competition. The D51 design was honored in the Commercial and Industrial category for its super-slant nose engine hood which provides the operator with exceptional visibility of the top blade edge and area in front [...]
Caledonia Mining Corporation announces the production and export of approximately 766 ounces of fine gold from the Blanket Gold Mine in Zimbabwe, following resumption of production in early April 2009.
As advised in the press release dated April 3, 2009, Blanket received the necessary licenses from the Ministry of Finance and the Reserve Bank of Zimbabwe [...]
Occidental Petroleum Corp. signed an agreement with Enerplus Resources Fund to buy a 15 percent interest in Alberta’s Joslyn Oil Sands Project for $492.1 million.
Operated by Total, the oil sands project holds over 8 billion barrels of bitumen or heavy crude. Occidental’s net recoverable reserves are estimated at 370 million barrels.
While the project is still [...]
Producers Rusal and Sual reportedly will team with Swiss Glencore to form the world’s top aluminum producer, beating Alcoa for the No.1 spot
The deal was openly rumored for weeks, and now it appears to be real. On Oct. 4, according to leaks in the Russian media, Russia’s two largest aluminum producers, Rusal and Sual, and [...]