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Random News from Mining Top News

Yukon-Nevada Gold Corp. announces private placement

Yukon-Nevada Gold Corp. Graham Dickson, the President of Yukon-Nevada Gold Corp., announces that the Company has negotiated a $600,000 non-brokered private placement to sell up to 12,000,000 units (the “Units”) at a price of $0.05 per Unit.
Each Unit will consist of one common share (a “Share”) and two series of share purchase warrants (the [...]

Berong sets P1.2B nickel project

Berong Nickel Corp., a unit of publicly-listed Atlas Consolidated Mining and Development Corp. is investing P1.2 billion to produce nickel in its Quezon, Palawan site.
Operations would start next month with total capacity of 1.47 million metric tons per year.
The project is a joint venture among Atlas, UK-based Toledo Mining Corp. plc (TMC) and Investika Ltd. [...]

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Kolene Awarded Additional Aerospace Orders

Defying the area’s economic downturn, Kolene Corporation reported today it received more than $1.5 million in new equipment orders from aerospace companies. The orders include:
– Two automated systems for removing molybdenum disulfide lubricants from titanium fasteners used in military and commercial aircraft and other critical high performance applications. One system will be installed at Air [...]

Delek US Holdings, Inc. Confirms One Fatality from Tyler Refinery Fire

Delek US Holdings, Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, today confirmed that there has been one fatality resulting from a fire which occurred at the Company’s 60,000-barrel-per-day Tyler, Texas refinery on Nov. 20.
“We are deeply saddened by the loss of our friend and colleague. Our thoughts [...]

Acadian Mining Corporation announces acquisition of interest in Fifteen Mile Stream gold property

Acadian Mining Corporation (TSX: ADA; “Acadian” or the “Corporation”) announced today that it has acquired 50% of the outstanding shares (“Shares”) of 6179053 Canada Inc. (“6179053″) as well as a shareholder’s loan in the amount of $68,745 for an aggregate purchase price of $1,068,745. 6179053’s only asset is the Fifteen Mile Stream gold property comprising [...]

Air Products and Surface Combustion Joint Marketing Approach Helps JMA Heat Treating Expand Its Operations

A win for Air Products and a win for Surface Combustion, Inc. led to a big win for JMA Heat Treating (JMA) in its quest to enhance its production capabilities at its Houston, Texas heat treating facility. JMA was able to take advantage of the innovative joint marketing relationship between Air Products and Surface [...]

3 firms to develop efficient propylene production system in Chiba

Three Japanese chemical firms said Thursday they have launched a 10 billion yen joint project to develop an efficient propylene production system using butane-butene fractions generated at their plants in Chiba Prefecture.
Idemitsu Kosan Co., Sumitomo Chemical Co. and Mitsui Chemicals Inc. said they should enhance cooperation to survive competition from large oil refineries and petrochemical [...]

Sinosteel halts iron ore imports from India

Irked by the hike in export duties, China’s second largest iron ore importer Sinosteel Corporation has halted imports from India.
The company made the announcement a week after India imposed a levy of Rs 300 ($7) per tonne of iron ore exported from March 1.
Management of the company were unavailable for comments.
India’s move to hike duties [...]

UCR Agrees to Sell Property Claims in Northern Saskatchewan

Uranium City Resources Inc., announce it has entered into a letter agreement with Red Rock Energy Ltd. whereby Red Rock has agreed to purchase all of UCR’s exploration property claims located in northern Saskatchewan.
Red Rock is a junior exploration corporation with property interests in northern Saskatchewan. The purchase price for the Claims of $975,000 [...]

Australia believed to be negotiating uranium sale to Russia

Melbourne, Oct 18: Australia is believed to be negotiating uranium sale to Russia, a lawmaker has claimed, while warning that the country has an “appalling” nuclear saftey record.
Greens Senator Christine Milne said the government was holding meetings this week with Russian officials about the sale. “What is clearly happening is that whilst the prime minister [...]