No posts found. Try a different search?

Random News from Mining Top News

5 kids injured in Cambodia mine blast

The explosion of two mines wounded five children on Saturday in Thmor Pouk district, Battambang province, some 250 km northwest of the capital city, police source told Xinhua by phone.
Two of them were heavily injured, while the other three slightly over the blast in Sre Laor village, said Yort Rai, Deputy Police Chief of the [...]

Bush Calls for More Offshore Drilling

President Bush urged Congress to lift its long-standing ban on offshore oil and gas drilling, saying the U.S. needs to increase its energy production. Democrats quickly rejected the idea.
“There is no excuse for delay,” the president said in a statement in the Rose Garden. With the presidential election just months away, Bush made a pointed [...]

MagIndustries Retains Morgan Stanley to Review Financing Strategies for MagMinerals Potash Corp.

MagIndustries Corp. has announced that it will undertake a review of financing strategies for MagMinerals Potash Corp., and as a result has retained Morgan Stanley as financial advisor to assist with the process. MagIndustries effectively holds 69.7% of MagPotash.
MagIndustries Corp. is a Canadian company whose common shares are listed on the TSX-V Exchange and trades [...]

Tag: potash corp swot analysis

Gold Likely to Outperform Other Traditional Inflation Hedges as a Strategic Asset

Gold, traditionally a tactical inflation hedge, has proven to be a superior long-term strategic asset even if inflation remains tame, according to a study conducted by World Gold Council. Given the growing number of investors expressing concern over the prospect of future inflation, the study examined the relative performance of four traditional inflation hedges – [...]

Tag: traditional inflation such, gold in inflation stage, potash inflation hedge, diamond performance with inflation, baffinland iron mine news nov 2009

TerraX Commences Drilling at Needle Gold Property, Nunavut

TerraX Minerals Inc. has begun drilling at the Needle Gold Property in Nunavut, Canada. The Needle Lake property is comprised of two contiguous claims with a total area of 2,090.21 hectares located in Nunavut, approximately 460 kilometres northeast of Yellowknife, 204 km southeast of the Lupin mine owned by Wolfden Resources Inc., and 70 km [...]

Coal production up 6.34 pc in May

The State-run Coal India Ltd and Singareni Collieries Company Ltd (SCCL) have reported a 6.34 per cent increase in coal production for May.
The estimated production for the month stood at 31.07 million tonnes (mt) as against 29.10 mt during the same month previous fiscal, an official release said.
The coal production for the month was more [...]

Paulson Wants More Foreign Investors in Persian Gulf

Treasury Secretary Henry Paulson asked Persian Gulf oil producers to open up to more foreign investment, saying it would help diversify their economies as well as boost output.
Paulson was in Abu Dhabi, the largest of the United Arab Emirates.
The UAE is Paulson’s last stop on a tour of Gulf nations.
He acknowledged that there are no [...]

Senscient ELDS(TM) Series Open Path Gas Detectors Eliminate False Alarms Inherent in Conventional Designs

An industry first, Senscient’s new ELDS Series Open Path Gas Detectors (OPGDs) feature truly false-alarm free flammable and toxic gas detection. ELDS gas detectors, scheduled to begin shipping in the first quarter of 2009, solve a problem common in the oil and gas industry: unreliable readings causing false alarms that cost millions of dollars in [...]

Crude Prices Finish Under $135

Oil prices pulled back after OPEC questioned whether crude can remain so high through the rest of the year and the dollar gained against the euro.
Light, sweet crude for July delivery sank $1.88 to settle at $134.86 on the New York Mercantile Exchange.
At the gas pump, the average national price for a gallon of regular [...]

Thring Creek Project

Highlights
· Thor completed 50 RAB holes for 1433m covering nine aeromagnetic targets;
· Drilling intersected a combination of magnetic rocks with low metal values, no magnetite Skarns were detected by the RAB program.
Thring Creek Project – Exploration Summary
Thring Creek is located about 24km east of the Molyhil Project. The area is generally flat, but is dissected [...]