Bayswater’s Drilling Further Expands Elkhorn Uranium Project, Wyoming

Bayswater Uranium Corporation is pleased to announce preliminary results from the final 152 holes, including 29 core holes, from its Phase 3 drilling program at the Elkhorn Project in Wyoming. The Company drilled 312 holes including 11,073.5 meters (36,321 feet) around the historic Busfield Mine, which has a NI 43-101 indicated resource. Bayswater previously reported preliminary results on the first... 

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Powertech Uranium Corp.: Dewey-Burdock Project Mine Permit Application Status

POWERTECH URANIUM CORP. announce that activities associated with its mine permit application for the Dewey-Burdock Project, in Fall River and Custer counties, South Dakota, are advancing on schedule. A new uranium exploration permit application for 30 additional drill holes was submitted to the South Dakota Department of Environment and Natural Resources (SD DENR). The purpose of this new drill program... 

China’s Zhengzhou Coal to buy parent’s assets

The price and the deal are still subject to regulatory approval, the company said. (Reporting by Langi Chiang; Editing by Lucy Hornby and Edmund Klamann) – BEIJING, April 16 – China’s Zhengzhou Coal Industry & Electric Power Co will issue up to 400 million shares to its parent to buy coal mines and other assets worth about 3.5 billion yuan , the company said on Wednesday. The... 

Philippines reopens Lafayette copper, zinc mine

The Philippines said on Thursday Australia’s Lafayette Mining Ltd. could restart its copper and zinc mine south of Manila immediately, more than a year after it was shut due to cyanide spills. “The mining operations can now proceed,” Environment and Natural Resources Secretary Angelo Reyes told a news conference. Lafayette’s stock jumped 13 percent to A$0.13 on the Australian... 

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Chinese leader tours copper-rich Zambia

Chinese President Hu Jintao on Saturday was bringing his eight-nation African tour to Zambia, a copper-rich country where China’s growing clout has prompted charges of exploitation and emerged as a volatile political issue. Huge photos of Hu and Zambian President Levy Mwanawasa greeted motorists on Lusaka’s main roads in preparation for the tightly orchestrated three-day visit, which follows... 

35 miners trapped in flooded iron ore mine in north China

In China’s worst mine accident this year, at least 35 miners are confirmed trapped in a flooded private iron ore mine in Inner Mongolia Autonomous Region, local officials said today. Previous report said 36 miners were trapped, but the rescue headquarters revised the figure. The flood occurred shortly after midnight today at Haolaigou Iron Ore Mine in Donghe District, near the city of Baotou,... 

Soaring uranium prompts Rio Tinto to cancel sxr sale

Rio Tinto PLC scrapped a deal with sxr Uranium One Inc., deciding instead to keep its U.S. uranium assets and signalling a significant shift in attitude toward the radioactive metal by one of the world’s largest mining companies. London-based Rio Tinto entered into exclusive negotiations in July to sell its Sweetwater uranium mill and Green Mountain uranium properties in south-central Wyoming... 

Coal mine explosion kills 47 in China

All 47 miners trapped after an explosion in a northern Chinese coal mine were confirmed dead after rescuers found the last body Thursday, a news agency said. This brought the death toll from two coal mine accidents in Shanxi province in recent days to 81, a day after rescuers at another mine mishap said all 34 miners trapped after a fire on Sunday had died. The Xinhua News Agency said rescue work at... 

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U.S. Energy Corp. / Crested Corp. and Kobex Resources Ltd. Enter Into Letter Agreement Involving Lucky Jack Molybdenum Property

U.S. Energy Corp. and Crested Corp. , d/b/a USECC, today announced the signing of a Letter Agreement with Kobex Resources Ltd. (TSX Venture Exchange: KBX.V – News) whereby Kobex can acquire a 50% interest in the Companies’ Lucky Jack (formerly known as Mt. Emmons) molybdenum deposit in west-central Colorado (the “Project”). On October 6, 2006, U.S. Energy Corp. (“USEG”),... 

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Magnus International Resources Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa

Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% of the known global gold resource and is experiencing... 

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