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Random News from Mining Top News

Blanket Mine Commences Production and Export of Gold

Caledonia Mining Corporation announces the production and export of approximately 766 ounces of fine gold from the Blanket Gold Mine in Zimbabwe, following resumption of production in early April 2009.
As advised in the press release dated April 3, 2009, Blanket received the necessary licenses from the Ministry of Finance and the Reserve Bank of Zimbabwe [...]

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Encore Renaissance Resources Corp. Receives Underground Mining Approval From the BC Government

ENCORE RENAISSANCE RESOURCES CORP. Encore Renaissance Resources Corp. report that the company has been granted a permit by the BC ministry of mines to commence underground mining at the Company’s flagship property, the Bonaparte Gold Mine, near Kamloops British Columbia.
Underground extraction will commence immediately with further shipments of ore to Kinross Gold’s mill in Washington [...]

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Total Buying Canada Oil Sands Company

Total SA plans to buy Synenco Energy Inc. for 478 million Canadian dollars ($472 million).
Synenco’s main asset is a 60 percent stake in the Northern Lights project. SinoCanada Petroleum Corp., a subsidiary of China-based Sinopec, owns the rest.
“The project is well advanced through the regulatory process, however significant new capital would be required to fund [...]

Luiri Gold Limited: Drilling and Geochemistry Programme at the Luiri Hills Project, Zambia

Luiri Gold Limited announced that the 5,000m combined RC and Diamond core drilling programme at Dunrobin and Matala is now in progress with almost 1,000m having been completed. Drilling has been planned to expand the current resource estimates at both deposits, and to evaluate, over a distance of 4km, the New Matala Extension immediately west [...]

Geotrace Accelerates Oil and Gas Discovery With Isilon IQ

Isilon(R) Systems, the proven leader in scale-out NAS, today announced that Geotrace, a leading reservoir services provider, has deployed Isilon IQ to power a robust suite of seismic data processing and analysis applications used to accelerate worldwide oil and gas discovery. Using Isilon scale-out NAS, featuring its OneFS(R) operating system, Geotrace has created a single [...]

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Lincoln Mining advances Pine Grove gold property, Nevada

Lincoln Mining Corporation, a Canadian-based mineral exploration and development company announce that it is in the process of advancing the Pine Grove gold property in Lyon County, Nevada. Lincoln has contracted Dudley Thompson Mapping Corporation Inc., of Surrey, BC, for new photogrammetry suitable for mine-site engineering. Ground survey control and aerial photography are planned for [...]

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Brazil eyes OPEC membership

Brazil wants to join the Organization of Petroleum Exporting Countries to help lower global oil prices, the country’s president was quoted as saying in a leading German magazine.
Brazilian President Luiz Inacio Lula da Silva said in the interview with Der Spiegel that his country plans to exploit its massive offshore oil reserves to make itself [...]

Frontier Pacific, Solex stocks down as low uranium grade reported in Peru

Frontier Pacific Mining Corp. shares dropped 11 per cent and Solex Resources Corp. fell nine per cent Tuesday after Frontier acknowledged it found low-grade uranium at the Macusani project in southern Peru.
The results came from the first five holes on the Calvario 3 zone.
The holes were completed before Christmas as the start of Frontier’s planned [...]

Arehada Announces Temporary Mine and Plant Shut Down

Arehada Mining Limited announced that it has initiated a temporary shut down of its operations at its mine and zinc plant.
Arehada China has made dramatic reductions in its operational costs and other expenditure over the last several months. However, current zinc and lead prices have made the mine and zinc plant unprofitable. Accordingly, the operations [...]

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Smith International Says 2007 Wall Street Estimates “Reasonable”

Smith International Inc., which provides products and services to the oil and gas industry, said Tuesday it expects to post fiscal 2007 profit in line with Wall Street expectations.
“We believe 2007 will be a solid growth year for Smith and the recent surge in seismic survey sales and exploratory drilling provides further evidence that demand [...]