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Random News from Mining Top News

Mining stocks send FTSE higher

The FTSE moved higher on Thursday as mining stocks tracked commodities prices higher.
By late morning, the FTSE 100 was up 26.2 points, or 0.4 per cent, to 6,237.5 while the mid-cap FTSE rose 29.8 points, or 0.3 per cent, to 11,124.1.
Overnight, the US Dow Jones Industrial Average closed little changed at 12,577.2 while in Asia, [...]

Ivanhoe finds copper, gold and uranium systems at Australia project

Ivanhoe Mines said Wednesday it has discovered a series of related iron oxide copper gold systems, some of which have associated uranium, at its Cloncurry project in Australia.
The discoveries of copper, gold and uranium mineralization were made during exploration activities at the Swan, Amethyst Castle, Castle Mount and Metal Ridge prospects in northwestern Queensland.
“Copper and [...]

Midex Reviews Phase One Exploration at Magembe Diamond Project, Tanzania

Midex Gold Corp., announced it will be the Phase One exploration at the company’s Magembe Diamond Project located in the Shinyanga district of northwestern Tanzania.
The objectives for the first exploration program at Magembe was to confirm and evaluate indicated diamond potential from both alluvial and kimberlite sources. This program was followed up with reconnaissance scale [...]

Tag: douglas lake minerals inc geophysicist, tanzminex diamonds, kimberlite in orissa

Minara, Australian Nickel Miner Shares May Gain on China Demand

Shares of nickel miners in Australia, the world’s second-largest producer of the metal, may keep rising even as the stocks sell by one measure for twice as much as those of integrated mining companies.
China’s demand for cutlery, microwaves and skyscrapers is straining supplies of the metal used to make stainless steel, sending prices on the [...]

Galway options Colombian Coal project; drilling on project to commence shortly

Galway Resources Ltd. announce that it has entered into an option agreement with Rio Tinto Mining and Exploration Corporation (Rio Tinto) to acquire 100% interest in nine coal concessions totaling 7,500 hectares, roughly 50% of the previously drilled San Louis Coal basin located in Santander, Colombia. The project will be known as Carboluis.
“We are pleased [...]

Tag: inco de oro sur, jobs on the mines in witbank area, centromin

NSW Greens push for change in energy policy

The New South Wales Greens say they will be pushing the major parties to drastically change their policies on fossil fuels in the lead-up to next year’s state election.
The Greens announced their election platform today and say it is based around the issues of climate change, the protection of the natural environment and creating jobs [...]

Indonesia focuses on nuclear cooperation for peaceful purposes

Indonesia will in the medium and long term focus on nuclear cooperation with several other countries for peaceful purposes, including the development of the national defense industry, Defense Minister Juwono Sudarsono said.
“For the time being we will not establish nuclear cooperation for defence purposes, but only for peaceful purposes in accordance with the agreement that [...]

Thistle Mining 3Q Cash Flow $1.7 Million Vs $1.6 Million

Thistle Mining announced Friday a cash flow generated by operations was $1.7 million in the third quarter compared to cash flow used in operations of $1.6 million in the third quarter of 2005. The improvement reflects an increase in sales. Cash flow generated by operations was $2.9 million for the first nine months compared to [...]

Bear Lake Gold Adds Another Drill Rig at Larder Lake: Additional Exploration Targets Will be Drilled

Bear Lake Gold Ltd. announce the planned addition of a fourth diamond drill to continue the definition and exploration program at Larder Lake.
“The current drilling program on the Bear Lake gold zone is progressing well, and returning some outstanding gold intercepts,” said Francois Viens President and CEO of Bear Lake. “With drill targets in excess [...]

Inventories Status Sends Refiners’ Shares Reeling

The EIA report did not encourage investors to scoop up refiners’ shares. Lower oil prices notwithstanding, the rise in inventories was bearish for refiners, according to Lehman Brothers analyst Paul Cheng, who has a negative outlook for the sector.
“We expect gasoline margin may have already peaked and will likely resume their downward spiral by early [...]