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Random News from Mining Top News

Normabec Mining Resources Ltd.: Auger Drilling Completed on the Tailings and Diamond Drilling

Normabec Mining Resources Ltd., through its wholly owned Mexican subsidiary Minera Real Bonanza S.A. de C.V., announces that it has completed its auger drilling program on three tailing piles located on the Real de Catorce property, San Louis Potosi, Mexico. The company is also preparing to undertake a 6,000 meter underground diamond drilling program on [...]

Kanaks against more talks over New Caledonia nickel project

Kanak opponents of New Caledonia’s Goro Nickel project say they will hold no more talks with the Goro nickel company.
The two-billion US dollar nickel project was to be completed next year but has been faced with protests and sabotage, and Goro Nickel now says it wants a so-called citizens pact to get the public’s support.
Roundtable [...]

Gold miner Newmont’s quarterly profit soars

Newmont Mining Corp., the world’s second-largest gold producer, said on Thursday that fourth-quarter profit more than tripled on much higher gold prices.
Net earnings were $223 million, or 49 cents per share, compared with $62 million, or 14 cents per share, a year earlier, the Denver-based mining company said.

Western Canadian Coal Receives 2.0 Mtpa Mine Permit for Brule Mine

Western Canadian Coal Corp. is pleased to announce that it has received the Mine Permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources to allow for production of up to 2.0 million tonnes per annum of ultra low volatile pulverized coal injection (“ULV-PCI”) coal at the Brule Mine. The Company [...]

Tag: brule iron ore mine, burnt river coal brule

Nebu Reports Assay Results, Updates Timmins West Gold Area Exploration Progress

Nebu Resources Inc. provides the following update on exploration activities on its Denton Township projects adjacent to properties held by Lakeshore Gold Mines Inc., approximately 30 kilometers southwest of Timmins, Ontario.
The Company holds two properties in the area, one of which has been the subject of recent diamond drilling while the other has been the [...]

Tag: gold exploration companies in timmons, nebu resources inc, denton creek timmins, lakeshore gold, lakeshore gold mines inc assay

Global Manufacturing Leaders Gather in Michigan to Discuss Industry Challenges

Leading metalforming manufacturers from the United States, Asia, Latin America and Europe will hear from industry giants and discuss the top challenges facing the industry worldwide at the 16th International Congress of Sheet Metal Presswork Associations (ICOSPA) September 14-17 in Grand Rapids, MI.
The focus of the program is taken from today’s manufacturing headlines: the rising [...]

Tag: global manufacturing challenges

Talley Metals Ups Nickel Surcharge

Talley Metals, a subsidiary of Carpenter Technology Corp., said Friday it is changing its surcharge mechanism to increase the nickel premium component to 38 cents per pound, due to strong market demand for nickel-based stainless bar products.
The change in the surcharge will go into effect with shipments beginning Oct. 1.
Talley Metals sells stainless steel long [...]

Impediments to drilling

A new report compiled by the Bureau of Land Management says industry has more impediments to energy development in Wyoming’s Green River Basin than previously estimated, as more land holding natural gas has restrictions on drilling.
Lease restrictions on federal acreage in Green River Basin jumped to 50 percent from 37 percent in the new analysis. [...]

NT Holding Enters Into Discussions to Acquire Crude Oil Drilling Rights in Mongolia

NT Holding Corp. announced it has entered into discussions to acquire crude oil drilling rights from Mongolia Zhong Bayan Crude Oil Company Limited (“Bayan”), a Mongolian company established in 1999.
Bayan owns a 50 year oil drilling concession right in the Nyalga Valley in central Mongolia. This right was granted by the Mongolian Government in 1999. [...]

Tag: mongolian oil concession, borneo mining services

Callon Petroleum Reserves Fell in 2006, Due Mostly to a Reclassification of Deepwater Assets

Oil and gas explorer Callon Petroleum Co. said Wednesday it ended 2006 with diminished proved reserves because Entrada Field prospects declined.
Callon Petroleum said it finished 2006 with estimated net proved reserves of 66 billion cubic feet of natural gas and 13.3 million barrels of oil, or a combined 145.6 billion cubic feet of natural gas [...]