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Random News from Mining Top News

Enerplus Resources Fund to announce cash distribution

Enerplus Resources Fund has recently reported that a cash distribution in the amount of CDN$0.42 per unit will be payable on August 20, 2008 to all Enerplus Unitholders of record on August 10, 2008. The ex-distribution date for this payment is August 6, 2008.
The CDN$0.42 per unit is equivalent to approximately US$0.41 per unit if [...]

Solar power to heat water for Olympic athletes

A state-of-the-art solar power system from Germany will heat shower water for more than 10,000 athletes during the 2008 Beijing Olympics.
The system, paid for by a donation from the Italian government, would be installed next year in the athletes village, home to most athletes competing in the Olympics.
A pilot system was already working at the [...]

Thomas backs environmental buyouts of drilling leases

A spokesman for Senator Craig Thomas says Thomas believes that local interests should buy back oil and gas drilling leases if they do NOT want drilling to occur on those leases.
Spokesman Cameron Hardy says Thomas is trying to form a coalition that would do such buyouts. He says Thomas believes that the state also should [...]

Mirasol Options the Nico Silver-Gold Project to Coeur d’Alene Mines

Mirasol Resources Ltd. announces that it has signed an exploration option agreement with Coeur d Alene Mines to explore and develop Mirasol’s 100% owned Nico Project, located in the Deseado Massif gold-silver epithermal district of Santa Cruz province, southern Argentina.
The terms of the agreement provide that Coeur spend US $2.3 million in exploration over four [...]

Golden Tag Resources Ltd.: Commencement of Drilling on San Diego Property, Mexico

Golden Tag Resources Ltd.(TSX VENTURE: GOG) (“the Company”) is pleased to report the commencement of surface diamond drilling on the San Diego property in Durango State, Mexico. Preliminary road construction has been completed (see Company news release of August 2, 2006)) and one surface diamond drill has been mobilized to site. The field program is [...]

MSA Secures $25 Million in Breathing Apparatus Contracts for U.S. Air Force

MSA announced that it has been awarded two separate contracts to supply the U.S. Air Force with a newly developed self-contained breathing apparatus (SCBA) system. The contracts, issued by the federal General Services Administration and valued at a combined $24.6 million, represent incremental awards above and beyond an initial $36 million Air Force SCBA contract, [...]

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour International Corporation announced that the first exploration well of a new onshore exploration program focused in South Texas has resulted in a commercial discovery and the company’s first production in the United States. The initiative reflects a shift in strategy by Endeavour to pursue opportunities with shorter cycle times and lower costs that complement [...]

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Timberline Receives Permit to Begin Development At Its Butte Highlands Gold Project

Timberline Resources Corporation announce that it has received its Amended Exploration Permit from the Montana Department of Environmental Quality (DEQ). This permit authorizes the company to proceed with its underground development and exploration activities as a pre-cursor to production at its Butte Highlands Gold Project.
Timberline and its 50% joint venture partner are now authorized [...]

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Mining Equipment Companies Rise on Earnings and M&A News

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 [...]

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Running Fox First Six Months Revenues $3.56 Million

Trent Moore, Vice President, reports: Running Fox management is pleased to release 2008 first six months financial statements on SEDAR, ending May 31, 2008.
For the six period ended 31 May 2008, the Company’s revenues were $3,568,772 and earnings (EBITDA) were $106,732. This compares favorably to 2007 revenues of $2,986,631 and an EBITDA loss of $440,037 [...]