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Random News from Mining Top News

Chile Escondida mine output drops due to strike in 2006

Chile’s Escondida, the world’s largest copper mine, saw production fall 1.25 percent in 2006 due to a 25-day strike over wages.
Escondida, owned by global miner BHP Billiton Ltd. Plc , said copper production for the year amounted to 1,255,559 tonnes, down from 1,271,472 tonnes in 2005.
The shortfall came after workers at the mine in northern [...]

Existing mining in creek cut off

State environmental regulators on Tuesday halted the remaining in-stream mining operations along Crooked Creek, saying it would be unfair to extend existing permits less than a month after turning away similar operations.
The permits had been up for renewal.
”We just denied three applications, [and ] there are still five [operations ] out there. Do we let [...]

JNR Provides Update on Athabasca Basin Drilling Programs

JNR Resources Inc. provide the following update on the 2008 summer drilling programs that have been completed or are still underway in the Athabasca Basin.
Two drills are currently operating on the Company’s 100% owned Way Lake uranium project, located 55 kilometres east of the Key Lake uranium mine in the Athabasca Basin of northern Saskatchewan. [...]

Bearish Fundamentals Should Continue to Weigh on Copper Prices

How the mighty have fallen. Copper, one of the most prolific commodity fund darlings of the great 2006 bull market has fallen on hard times.
There was a time in early 2006 when it looked like there was no limit as to how high copper prices could rise. The housing market in the U.S. had not [...]

Natural Gas Supplies Grow

The Energy Department’s Energy Information Administration said in its weekly report that natural-gas inventories held in underground storage in the lower 48 states rose by 93 billion cubic feet to about 1.53 trillion cubic feet for the week ended May 9.
The inventory level was slightly above the five-year average, but well below last year’s storage [...]

Cabo to drill up to 10,000 meters for New Millennium Capital Corp.

Cabo Drilling Corp. announces that New Millennium Capital Corp. of Calgary, Alberta, has awarded Cabo’s Ontario division a contract for up to 10,000 meters of reverse circulation drilling on New Millennium’s DSO (Direct Shipping Ore) projects near Schefferville, Quebec.
New Millennium’s 2008 summer drilling program, intended to upgrade New Millennium’s historical resources to NI 43-101 standards, [...]

Tag: millenium capital nl, labmag delay

CGGVeritas: Sercel Acquires Quest Geo

CGGVeritas announced that its subsidiary Sercel has entered into a private transaction to purchase all existing shares in Quest Geo Solutions Limited (“Quest”), a UK-based software company, for a cash consideration.
The acquisition continues to broaden Sercel’s product offering and comes as a logical extension to the existing partnership between the two companies, whereby Sercel distributes [...]

Tag: quest geo sercel, fmc mining

Korean firm introduces nickel-free stainless steel

Posco, the world’s fourth-largest steel maker, will raise output of a nickel-free stainless steel fivefold next year as the price of nickel has hit a record.
Posco plans to sell 10,000 tonnes a month of the steel, which it introduced this month, from 2,000 this year, the Pohang-based firm said yesterday. The steel, which uses chromium [...]

Explorer backs preferred site for iron ore port

A minerals explorer in the Pilbara, in north-west Western Australia, says it is happy with the State Government’s preferred site for a new iron ore port.
Aurox Resources has a potential iron ore and vanadium project near Ronsard Island, the site announced last week as the best place for a new multi-user port.
Charles Schaus is the [...]

McDowell mine practice long considered risky

More than five years ago, West Virginia regulators were urged to consider banning a practice in which coal miners pull coal from the pillars meant to hold up underground mine roofs.
This weekend, two more West Virginia miners died ”pulling pillars,” in the first deaths for the state’s coal industry this year.
In a November 2001 report, [...]