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Random News from Mining Top News

Shanghai Copper Rises on Lower Stockpiles, Codelco Supply Risk

Copper futures in Shanghai rose for a second day, extending yesterday’s advance from a nine-month low, as falling global stocks and possible supply disruptions at Codelco, the world’s biggest producer, supported the market.
Stocks monitored by the London Metal Exchange fell 1.2 percent to 193,475 metric tons yesterday, the first drop in more than two [...]

Tag: codelco shanghai

International Kirkland Minerals Inc. Announces Cosby Property Amendment

International Kirkland Minerals Inc. (“IKI” / the “Company”) (CDNX:IKI.V) announces that the Company has expanded its Cosby Property holdings by adding 4 new claims in consideration for the payment of $15,000 and 50,000 shares of IKI. The Cosby property agreement has been amended to incorporate these new claims which carry a 2% Net Smelter Return, [...]

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Inuit Communities Receive $6.8 Million in Profit-Sharing from Xstrata Nickel’s Raglan Mine

Xstrata Nickel announce that it has presented a cheque in the amount of Cdn$6.8 million to the Makivik Corporation, representing its share of the profits generated in 2008 by the Raglan nickel mine operation, located in the Nunavik Territory of Northern Quebec.
Pita Ataami, President of the Makivik Corporation, said “Once again, this year’s profit sharing [...]

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BPCL, HPCL Approaches Petroleum Ministry To Allow Oil Imports By Chartered Vessels

Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd sought the approval of Petroleum Ministry to allow them to charter ships for oil imports directly instead of going through Transchart, on lines of similar exemption given to Indian Oil Corporation. Both BPCL and HPCL contended that the flexibility of chartering their own vessels would bring [...]

Global Copper Exercises Relincho Option

Global Copper Corp. (TSX: GLQ) is pleased to announce that it has exercised its option to acquire the Relincho porphyry copper deposit in Chile. The option was originally entered between Lumina Copper Corp. and Andes Pacific Development S.A. in December 2003 and was transferred to Global in connection with Lumina’s Plan of Arrangement in May [...]

U.S. Energy Corp. Completes Sale of Interest in Sutter Gold Mining Inc. to RMB Resources Ltd.

U.S. Energy Corp. (Nasdaq:USE) (“USE” or the “Company”) today announced that it has completed the sale of an aggregate of 39,062,720 common shares of Sutter Gold Mining Inc. representing approximately 49.9% of the outstanding common shares of SGMI to RMB Resources Ltd. (“RMB”), as trustee for the Telluride Investment Trust, for an aggregate purchase price [...]

Jabiluka mine ‘unlikely’ to be reopened

The uranium industry’s peak lobby group says it is unlikely China’s demand for uranium will prompt the reopening of the Jabiluka mine.
The mine was mothballed in 2001 amid low uranium prices and opposition from the local Mirrar people.
A federal parliamentary committee yesterday recommended Parliament sign agreements that would make it possible to export Australian uranium [...]

Sonterra Resources, Inc. Announces Testing of Wells

Sonterra Resources Inc. is the operator of record and a co-owner of 5,500 gross acres in Texas State Waters in Matagorda Bay lying offshore of Calhoun and Matagorda Counties. Sonterra has previously announced that, effective June 23, 2008, it entered into a contract operating agreement with STO Operating Company, the operating subsidiary of South Texas [...]

Severstal Resources Announces results of Take Over bid

Through its mining division Severstal Resources, OAO Severstal announced that the offer by 7027940 Canada Limited, an affiliate of Severstal, to purchase the outstanding common shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation)(TSX: PBS) expired at 11:59 p.m. on October 24, 2008.
In order to resolve outstanding matters between PBS Coals Limited and the [...]

Tag: pbs coal severstal november 2008, severstal gold output, canada business corporations act takeover bid, severstal african operations, russia and pbs coal

Endeavour Mourns Loss of Board Member Barry Galt

Endeavour International Corporation announced today that Barry J. Galt, a member of the board of directors, died on August 22, 2008. Galt served as a director of the corporation since 2004 when Endeavour was first established as a North Sea-focused oil and gas exploration and production company.
“We deeply mourn the loss of a respected leader [...]

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