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Random News from Mining Top News

Pegasus Announces Additional Claims at Eden Nickel Project

Pegasus Metals announced that an additional four claims have been staked at the southern end of the Eden Nickel Project area, Ontario, Canada. The additional claims cover a south-trending extension of the quartz diorite Offset Dyke. The company also reported that it has completed preliminary soil auger sampling of two tailings deposits adjacent to the [...]

BP Starts Wind Farm Project in Kansas

BP PLC broke ground for a wind farm in Kansas. The first phase of the project, located about 60 miles southwest of Wichita, is expected to generate up to 100 megawatts of electricity starting at the end of the year.
Once the turbines are in place, utility Westar Energy Inc. will own 50 percent of the [...]

Wilderness Groups Fight White River Drilling Plan

Environmentalists and outfitters are asking the Bureau of Land Management to shelve a proposed gas drilling project near the White River in eastern Utah.
A Denver-based firm, Enduring Resources, has proposed drilling more than 50 natural gas wells on federal and state land just south of the river, an area that the BLM identified in 1999 [...]

Uranium miner waiting to see impact of stock fall

A uranium mining company says the sharemarket uncertainty could affect future investment in exploration in the Northern Territory.
Toro Energy says it’s not feeling the impact of the current crisis as a company because the price for uranium is holding firm and it has money for current projects.
But the company’s managing director Greg Hall says it [...]

Norway: Arctic Reserves Are Key Energy Supply, but Environment Must Be Protected

Vast petroleum reserves in the Arctic are a key source of world energy, but development must also protect the fragile cold-weather environment and curb greenhouse gases, Norway’s oil minister said Monday.
“If the U.S. Geological Survey is right, 25 percent of the world’s undiscovered petroleum reserves could be found in the Arctic. Thus, the Arctic region [...]

Tag: energy reserves in the arctic

Powertech Submits BLM Application Dewey-Burdock Project

Powertech Uranium Corp. announce that it has submitted the required Plan of Operation to the U.S. Department of Interior’s Bureau of Land Management (BLM) for its Dewey-Burdock uranium in situ project. The project, which is located in Fall River and Custer Counties, South Dakota (SD), consists of 10,580 surface and mineral acres controlled by the [...]

Tag: blm plan of operations powertech, burdock application, powertech dewey burdock application, dewey burdock application, powertech mining in bc

South Korea’s UBS Hana to start $279 mln nickel fund

South Korea’s UBS Hana Asset Management, majority owned by the world’s largest wealth manager, said on Tuesday it will start a 260 billion won fund in December that will invest in a Madagascar nickel mine. South Korea’s government has decided to grant tax breaks to the fund, which will invest more than 70 percent of [...]

Consolidated Thompson Announces US$240 Million Strategic Investment from Wuhan Iron and Steel Group

Consolidated Thompson Iron Mines Limited announce the signing of a letter agreement with Wuhan Iron and Steel (Group) Corporation, one of China’s largest steel producers, for a strategic investment by WISCO into Consolidated Thompson.
The letter agreement provides for WISCO to make a total investment in CLM of US$240 million and in return CLM will issue [...]

Tag: thompson consoilidated contracts, bloom lake mine equipment, consolidated thompson wuhan, consolidated thompson wuhan iron and steel, thompson creek consolidated thompson

Boliden Signs Long-Term Electricity Agreement with Norwegian Firm Statkraft

Boliden Odda AS and Norwegian power company Statkraft have entered into agreements for the supply of electricity for the periods 2009-2020 and 2021-2030. The total quantity of electricity supplied under both contracts amounts to 900 GWh/year.
“The agreements ensure Boliden’s access to a dependable and long-term supply of electricity, at predictab
le prices, for the Odda zinc [...]

Tag: boliden odda as and norwegian power company statkraft have entered, power price europe

Iron ore production hits 13m tons in 9 months

Iran Minerals Production and Supply Co, produced around 13,313,084 tons of iron ore during the first nine months of the current Iranian calendar year (started March, 21, 2006), Tehran Times reported.
The figure is indicative of 120% growth compared with the same period last year.
An affiliate to Iran Minerals Production and Supply Co., Iran Central Iron [...]