Sterlite Industries (India) Limited Revised Offer to Purchase Operating Assets of ASARCO LLC
Sterlite Industries (India) Limited, a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group, announced today that it is increasing its offer, for the purchase of substantially all of the operating assets of ASARCO LLC, by approximately US$ 500 million, and has proposed to support a plan of reorganisation that is intended to pay creditors in full their allowed amount...
Uranium Energy Corp Completes Filing of Final Permit Applications for the Goliad ISR Project in South Texas
Uranium Energy Corp announce that the Company has filed all permit applications for In-Situ Recovery of uranium at the Company’s flagship Goliad Project in South Texas. On December 1, Uranium Energy filed a Radioactive Material License Application (RMLA) and a Permit by Rule Application (PBRA) with the Texas Commission on Environmental Quality (TCEQ), the final two applications that needed to...
Westmoreland Forms Absaloka Coal LLC To Monetize Tax Credits
Westmoreland Coal Company announced that its Westmoreland Resources, Inc. subsidiary, which owns and operates the Absaloka Mine, has formed Absaloka Coal, LLC and partnered with an East Coast financial institution. Absaloka Coal will serve as the producer and seller of coal leased from the Crow Indian Tribe in Montana, and will benefit from Indian Coal Production Tax Credits available through Section...
Uranium Energy Corp Makes Progress with Permitting at the Goliad ISR Project
Uranium Energy Corp announce that it has filed two Class I Non-hazardous Waste Disposal Well Applications (WDWA) with the Texas Commission on Environmental Quality (TCEQ) for the Company’s Goliad ISR Uranium Project in South Texas. The on-site wells will be used for the disposal of fluids associated with uranium recovery and aquifer restoration activities. As with the previously filed Mine Permit...
Thunder Mountain Gold Announces an Intercept of Sulfide Mineralization at Their South Mountain Property
Thunder Mountain Gold, Inc. announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary, has completed their first core hole in its planned exploration program at their South Mountain Mine, Owyhee County, Idaho. The hole (DMEA 2) encountered a zone of mineralization from 656 feet to 705 feet with approximately 40 feet of the core consisting of massive sulfide consisting of sphalerite,...
Thunder Mountain Gold Provides an Update on Exploration Activities at Their South Mountain Property
Thunder Mountain Gold, Inc., announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary, is advancing its planned exploration program at their South Mountain Mine, Owyhee County, Idaho. The 2008 program consists of core drilling from the surface and opening the 4,000-foot long Sonneman Tunnel so that underground sample results conducted during the period 1950 through 1985 can be confirmed....
Uranium Energy Corp Completes Successful Hydrologic Tests and Files Production Area Authorization Application at the Goliad ISR Project
Uranium Energy Corp announce the successful completion of hydrologic testing in the first production area (PA-1) at the Company’s Goliad ISR Uranium Project in South Texas. The Company has now filed a Production Area Authorization (PAA) Application with the Texas Commission on Environmental Quality (TCEQ). The TCEQ earlier issued a Draft Mine Permit to the Company for the Goliad ISR Project,...
ASARCO LLC Wins Liability Phase of Fraudulent Transfer Trial against Grupo Mexico
On August 30, U.S. District Judge Andrew Hanen of Brownsville, Texas issued a 190-page opinion holding that Americas Mining Corporation (AMC), a subsidiary of Grupo Mexico S.A. de C.V., had perpetrated a fraudulent transfer to itself of ASARCO LLC’s controlling interest in Southern Peru Copper Corporation (SPCC). The judge ruled that “AMC closed the SPCC transaction with actual intent to hinder...
Vena Resources Expands Management Team and Implements Shareholders Rights Plan
Vena Resources Inc. announce that Jose Roberto de Romana Letts has joined the Vena Board of Directors and Silvia Dedios Villaizan has been promoted to Vice President, Corporate Development based in Lima, Peru. Mr. de Romana Letts is a member of a well known and respected family involved in the mining industry in Peru. He has worked in the Peruvian mining industry for many years in senior management...
Fluor Expands Operations; Opens New Alaska Office
Fluor Corporation announced today the opening of its Alaska office in Anchorage to support projects in the region. An initial staff of 50 employees, backed by Fluor’s global workforce, will perform engineering, procurement, construction and maintenance services for the oil and gas, mining, and government sectors. The office will be located at 3800 Centerpoint Drive, Suite 200 in midtown Anchorage. The...
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