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Random News from Mining Top News

Solex Resources Corp. announces completion of NI 43-101 report on Pilunani property

Solex Resources Corp. announced the completion and subsequent filing of an independent technical report on the Company’s 100% owned Pilunani lead-zinc property in the Puno Department in south-eastern Peru.
“This report highlights the significant potential at the Pilunani property and further confirms the high grade lead-zinc mineralization surrounding the old mine,” said Jonathan Challis, President of [...]

NCL to invest Rs 4,000 cr for increasing coal production

Northern Coalfields Ltd (NCL), a subsidiary of Coal India Ltd, will invest Rs 4,000 crore to augument its production capacity to 70 million tonne over the next five years and plans foray into power generation. “NCL will open two new mines and take up expansion work in six other existing mines to increase its coal [...]

Nuinsco Provides Update on Status of Bridge Loan

Nuinsco Resources Limited announced that it has advised its lender that the Company is not in a position to repay a bridge loan in the aggregate amount of US$5 million, on December 15, 2008. The bridge loan is secured by the Company’s shares in Victory Nickel. The Company and its lender are in discussions [...]

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BHP May Report Record Second-Half Profit on Copper, Iron Prices

BHP Billiton Ltd., the world’s biggest mining company, may say fiscal second-half profit jumped to a record because of rising copper and iron ore prices.
Net income probably increased to $6.34 billion for the six months ended June 30 from $3.45 billion a year earlier, according to the median estimate of five analysts surveyed by Bloomberg [...]

State of Montana Approves Montanore Hard Rock Mining Impact Plan

MINES MANAGEMENT, INC. is pleased to announce that the Montana State Department of Commerce has approved the Hard Rock Mining Impact Plan proposed for the Montanore Silver-Copper Project near the town of Libby, Montana.
In accordance with the Montana Hard-Rock Mining Impact Act, the Plan is based on a study of the socio-economic impact to the [...]

Landmark Labour Agreement Advances Rio Tinto Alcan Kitimat Modernization Project

Rio Tinto Alcan marked the signing of a one-of-a-kind labour agreement with sixteen labour unions for the construction of the Kitimat Modernization Project at a ceremony in Vancouver. This agreement between the Kitimat Modernization Employer Association and the unions facilitates access to the qualified British Columbia building trades workforce, with joint commitments to local and [...]

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EuroZinc Mining “buy,” target price raised

Analyst Wendell Zerb of Canaccord Adams maintains his “buy” rating on EuroZinc Mining Corporation (ticker: EZM). The target price has been raised from C$2.85 to C$3.85.
In a research note published this morning, the analyst mentions that the upgrade in rating is based on the revision in the long-term metal price estimates. The long-term price estimate [...]

Democratic victory leaves U.S. oil drilling industry scrambling

Just a few months ago House Republicans and representatives of the energy industry were poised to rewrite a quarter century of U.S. energy policy and open the seas off the Atlantic and Pacific coasts to oil and gas drilling that environmentalists had fervently resisted.
But the Democratic victory in the midterm elections on Tuesday has changed [...]

Butta the Vice President of Oil and Natural Gas Marketing

Rex Energy Corporation told the press that the company has named Mark A. Butta as Vice President of Oil and Natural Gas Marketing and Transportation. A 25-year veteran in the oil and natural gas industry, Mr. Butta will oversee Rex Energy’s oil and natural gas marketing and transportation department and will report to William L. [...]

Solar power can make coal plants obsolete

Solar electric cells have become increasingly popular as a domestic alternative energy source that lessens our dependence on foreign oil. The expense of producing them has limited their use and, therefore, their ability to bring about change.
A major breakthrough in technology makes “nanosolar” electric cells affordable for domestic use as well as available for use [...]