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Random News from Mining Top News

Elray Mining: Asian Demand for Zircon Set for Intense Growth

Elray Resources, Inc., a technically-driven gold and precious metal mineral exploration company that recently entered into a joint venture to develop a zircon sands deposit in Indonesia, is pleased to provide shareholders with the following background information on the global zircon market, which looks set for ongoing growth.
Zircon is a highly valuable mineral used in [...]

Tag: pmc lefa

SSAB Invests SEK 5.3 Billion to Substantially Increase the Volume of Quenched and Tempered Steels

To meet increasingly strong global demand for quenched and tempered (Q&T) steels, SSAB today announced a SEK 5.3 billion investment program to further develop the company’s production base in Sweden and the United States. The investments will result in a major increase of the volume of Q&T steels.
“This shows that we have a firm belief [...]

Jackson: Drilling off Va. could hurt N.J.

If Congress allows oil and natural gas drilling off the Virginia coast, New Jersey’s $36 billion-a-year tourism industry and fragile coastal ecosystems could be devastated, state Environment Commissioner Lisa Jackson told a Senate panel Thursday.
The state’s commercial and sport fishing industries as well as aquaculture operations, which together generate $4.5 billion a year, also [...]

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 [...]

First Calgary Petroleums Ltd. announces completion of acquisition by Eni S.p.A.

First Calgary Petroleums Ltd. announce that it has closed the plan of arrangement involving First Calgary, Eni Canada Holding Ltd., Eni S.p.A. and securityholders of First Calgary.
Under the terms of the arrangement, First Calgary shareholders receive C$3.60 cash for each common share held. In addition, on November 28, 2008 First Calgary will redeem all of [...]

Tag: calgary canada diamond mines ticker symbol, first calgary petroleum plan of arrangement, first calgary completion, eni calgary mail adress, first calgary petroleums ltd acquired

Wyo coal finds another customer

A Canadian company has shut down its 35-year-old coal mine in Washington state, throwing 600 people out of work, but plans to keep a major generating plant running with coal from Wyoming.
TransAlta Corp. has signed long-term contracts with Rio Tinto Energy America and Peabody Energy for coal with less sulfur and mercury from the [...]

Eldorado Gold Corporation Continues Exploration at Tocantinzinho

Eldorado Gold Corporation has advised Brazauro that during the nine month period from August 2008 through the first quarter of 2009 it has expended C$5.1 million on Brazauro’s Tocantinzinho Project in Brazil for exploration, drilling, capital expenditures and other related matters. Under the terms of the Option/Joint Venture Agreement between Brazauro and Eldorado, before Eldorado [...]

Tag: tocantinzinho eldorado, eritrean, kapoeta gold, eldorado tocantinzinho 2010 news, kapoeta gold sudan

Exxon Mobil earnings up with oil prices

Exxon Mobil Corp. on Thursday said earnings rose 6 percent to $10.5 billion, the second-largest quarterly operating profit ever by a U.S. company, boosted by strong oil production as crude prices hovered near record levels.
The better-than-expected third-quarter profit pushed the company’s shares to an all-time high of $72.33 on Thursday morning, before they retreated to [...]

New mining policy on cards to lure investment

India is formulating a new mining policy aimed at attracting foreign investment of Rs.1 trillion ($21.5 billion) and creating 500,000 jobs by 2011, a central minister said Thursday.
“The government intends to come out with a new policy because the existing mining policy of 1993 has become old and contains stringent provisions that restrict investors to [...]

Iran takes uranium enrichment to next stage

Tehran, Iran – Iran confirmed Wednesday that it had expanded its controversial uranium enrichment program, a semiofficial news agency reported, even as the U.S. and its partners prepared a U.N. resolution to impose limited sanctions.
Tehran’s plan to inject gas into a second cascade of centrifuges – a process that yields either nuclear fuel or [...]