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Random News from Mining Top News

Union Sues Feds Over Coal Mine Air Packs

The coal miners’ union is suing the government to ensure miners have working oxygen supplies and know how to use them.
The suit by the United Mine Workers of America comes a day after Congress passed sweeping legislation overhauling mine safety rules. The union backed the legislation but said its lawsuit deals with separate concerns.
UMW president [...]

Valencia Completes Diamond Drilling, Resource Estimation in Progress for Cachinal Silver Project

Valencia Ventures Inc. is pleased to advise shareholders and prospective investors that diamond drilling has been completed at its Cachinal Silver Project in Chile. The program was designed to confirm twin high grade silver intersections previously indicated by reverse circulation drilling. This additional data will assist with completion of the resource estimation and NI43-101 report [...]

Tag: cachinal gold project, valencia, sbx consultores ltd, diamond drilling gonzales, ralph gonzales geology

Cabot Oil & Gas Provides Marcellus Update, East Texas Waiting on Frac Proppant

Cabot Oil & Gas Corporation announced that its Marcellus initiative in northeastern Pennsylvania is gaining momentum and is currently producing over 13 Mcfe per day. Most recently, Cabot completed its first Marcellus horizontal well with a measured depth of 8,925′ and a horizontal leg at 2,000′ using a six-stage frac. The result was a 24-hour [...]

Tag: frac sand east coast, gas drilling horizontal leg wide, frac sand pennsylvania, marcellus update, marcellus mcf production

Anil Ambani meets Petroleum Secy

Reliance-ADA Group chairman Anil Ambani today met Petroleum Secretary M S Srinivasan in the backdrop of the government rejecting Reliance Industries’ proposal to sell natural gas to his group firm RNRL at a price agreed mutually, instead of the bidding route.
Besides raising the contentious issue of sourcing gas from RIL’s K-G basin field, Ambani is [...]

Golden Eagle Continues to Develop Important Data from Its C Zone Pilot Gold Operations

Golden Eagle International, Inc. announced that its C Zone pilot gold operations in eastern Bolivia are continuing to develop important data that may lead to full-scale operations there.
Golden Eagle’s pilot operations have shown that approximately 60% of the material being processed is made up of gold bearing quartz fragments from the weathered quartz veins [...]

Tag: gold panning bolivia

Oxiana gold mine on track for 2008 start

Mid-tier miner Oxiana Ltd says its Prominent Hill project is on track to become Australia’s next major copper/gold mine.
Oxiana said the mine was expected to launch commercial production in 2008, ramping up to mine ore at a rate of eight million tonnes a year and produce 100,000 tonnes of copper and 120,000 ounces of gold [...]

Conway Resources Makes an Offer to Purchase the Belleterre Mine Property

Conway Resources Inc. announce the signature of a letter of intent by arm’s length parties setting the general terms for the purchase of all the issued and outstanding shares of private company Ressources mine Belleterre inc., which owns two mining concessions covering 404.71 hectares in Guillet Township, Quebec, known as the Belleterre mine property.
As consideration, [...]

Cash Minerals Announces Issuance of Shares for Debt

Cash Minerals Ltd. announced that it has successfully reached a settlement agreement with a creditor of the Company to re-structure $352,450 in outstanding net debt as at September 29, 2008. Cash Minerals will settle the outstanding amount through the issuance of 2,000,000 common shares of the Company. This transaction is subject to TSX Venture Exchange [...]

Petrosearch Energy Signs Agreement to Sell Barnett Shale Project

Petrosearch Energy Corporation announced that its wholly owned subsidiary, Barnett Petrosearch L.L.C., has agreed to sell its 5.54455% limited partnership interest in DDJET Limited LLP (“DDJET”) to Cinco County Barnett Shale LLC (“Cinco”), one of the other two partners in DDJET, for a cash purchase price of $36,000,000. Cinco paid to Barnett Petrosearch $1,800,000 as [...]

Effort to save giant mining shovel for museum fails

The world’s last operating stripping shovel will be sold for scrap after a group of citizens and public officials failed to raise enough money to preserve the massive machine for a coal mining heritage museum.
The 7,000-ton Silver Spade has sat dormant in rural Harrison County near Cadiz since April, after its rotating base was disabled. [...]

Tag: dismantling mining shovels