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Random News from Mining Top News

Wind Power Project Hits Turbulence

A project to power an Ishpeming housing complex with wind energy has hit some turbulence. The Pioneer Bluff Apartments remain scheduled to have a turbine up and running this year. But the company building the components is going through a management change.
Windstore has worked on [...]

Tag: ishpeming wind power

Orebodies Closes Final Tranche of Non-Brokered Private Placement

Canadian Orebodies Inc. announce that it has closed on its second and final tranche of a non-brokered private placement (the “Financing”) for aggregate gross proceeds of $257,440 through the sale of 540,000 units of securities of the Company (each, a “Unit”) at a price of $0.10 per Unit and 1,695,333 “flow-through” units of the Company [...]

International Gold Resources, Inc. Update on its Brazil Business

International Gold Resources Inc. provided an update on its Brazilian business activities, Cupixi license status, and corporate strategy.
In August 2008, IGR announced that it had filed an amendment to the Company’s application for approval of its Cupixi mineral license with the Brazilian National Department of Mineral Production (DNPM) that included a complete geologic report addressing [...]

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Ranger uranium mine operators consider expansion

The operator of the Northern Territory’s Ranger uranium mine is considering expanding the size of its open cut operations.
In a statement to the Australian Stock Exchange, Energy Resources of Australia says it has spent almost $5 million this year drilling for new deposits.
The company has been exploring across an area almost half the size of [...]

N.J. lawmakers firmly oppose offshore drilling

With the rolling surf of Seven Presidents Oceanfront Park as a backdrop, the state’s Democratic Congressional leadership pledged to continue to do exactly what they’ve been doing to block a Senate bill to allow offshore drilling.
U.S. Sens. Frank R. Lautenberg and Robert Menendez, and Rep. Frank J. Pallone Jr., all D-N.J., also announced their strong [...]

Duran Ventures Receives C Permit Which Allows for Drilling Until 2011

George A. Brown, CEO, and Cary Pothorin, President, of Duran Ventures Inc. provide the following update for the Aguila Cu-Mo Target and the Pasacancha Ag-Au-Pb-Zn Target. Cary Pothorin, P.Geo., is a Qualified Person as defined in National Policy 43-101, and is responsible for all technical information contained in this news release.
In late November 2008, [...]

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Major Drilling Announces Purchase of Forage à Diamant Benoit Ltée

Major Drilling Group International Inc. announced that it has completed the purchase of the exploration drilling company Forage à Diamant Benoit Ltée (“Benoit”) based in Val-d’Or, Québec (Canada) for an aggregate purchase price of $21,000,000 (consisting of approximately $17.5 million in cash and $3.5 million in liabilities) subject to customary price adjustments.
Through this purchase Major [...]

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The Linde Group enters into joint venture with SINOPEC subsidiary in China

The technology group The Linde Group has entered into a joint venture with SINOPEC Fujian Petrochemical Company Limited (FPCL), a subsidiary of China Petroleum & Chemical Corporation (SINOPEC), for the long-term supply of industrial gases to customers in the province of Fujian in south-eastern China. This collaboration will result in a capital outlay of around [...]

Lightning strikes cut power at big PNG gold mine

Production at the Porgera gold mine in Papua New Guinea will likely suffer after a lightning strike disrupted power supplies, part-owner Emperor Mines Ltd. (ASX: EMP.ax) said on Thursday.
A number of generators were knocked out by a series of lightning strikes, reducing power to the mine, it said.
Supplementary power was helping reduce the impact of [...]

Precision Drilling Trust Announces Fourth Quarter Monthly Distributions at CDN$0.31 per Trust Unit

Precision Drilling Trust announced that its Board of Trustees has set the distribution policy for the fourth quarter of 2006 at the same rate as in the third quarter, Cdn$0.31 per trust unit per month. These monthly payments also will be made to holders of Class B limited partnership units of Precision Drilling Limited Partnership.
The [...]