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Random News from Mining Top News

Silver/Precious Metals: A Sleeping Giant, Poised to Run

For private investors large and small, as well as institutions, precious metals are, and continue to be the safe haven for investors in turbulent financial and uncertain national and geo-political times. “Nationally and globally speaking, the markets have never been more ripe or primed for investors seeking a safe place for their money that supports [...]

Royal Roads receives security from Acadian Mining Corporation

Royal Roads Corp. announced that it has filed on SEDAR its financial statements and management discussion analysis for the nine months ended September 30, 2008. The financial statements reflect that the inter-company advances between Royal Roads and Acadian Mining Corporation (“Acadian”) (ADA-TSX) and a wholly-owned subsidiary of Acadian have fluctuated during the year and stood [...]

Bolivian Ministry of Mines Confirms Nationalization Not a Consideration; Proposal to Raise Mining Taxes Meets Strong Opposition

Golden Eagle International, Inc. announced that it has begun a deep trenching program to prove continuity of the gold mineralization on the C Zone of its eastern Bolivian mining properties that both exploration and preliminary pilot operations have demonstrated. Contingent upon financing and final feasibility, trenching and processing gold-bearing material to a depth of [...]

Copper, Gold, Silver Finish Higher on Bounce in Crude Oil

The combination of strength in other commodities and lower warehouse inventories pushed copper higher Friday.
Gold and silver, too, got a boost from crude oil.
The most-active March copper contract settled up 2.50 cents at $2.5170 per pound on the New York Mercantile Exchange.
“First of all, there is overall strength in the commodities arena,” said Dave Meger, [...]

Victory Energy Corporation to Expand Drilling and Production

Victory Energy Corporation has just published a report saying that the drilling progress on the two deep Strawn Limestone gas wells. The wells are located in the Corporation’s Crockett County gas play in the Texas Permian Basin.
Victory’s drilling contractor reports the two Strawn Limestone gas wells are at 7,700 and 7,000 feet in depth. Both [...]

Alcan’s Board Recommends Shareholders Reject Alcoa Offer

Alcan Inc. announced that its Board of Directors unanimously recommends shareholders reject Alcoa Inc.’s (NYSE: AA) unsolicited offer to acquire Alcan. The Board determined that the offer is inadequate in multiple respects and is contrary to the best interests of Alcan’s shareholders. Accordingly, the Board recommends that Alcan shareholders not tender any of their shares [...]

Iran weighing Inpex oil role

The oil minister of Iran confirmed Sunday that Inpex Holdings had cut its stake in the Azadegan project to 10 percent from 75 percent after first saying Japan’s biggest oil explorer might be able to keep control of the field.
“The share of Inpex in the Azadegan contract has been decreased from 75 percent to 10 [...]

Timberline Expands Land Position at Its Butte Highlands Gold Project

Timberline Resources Corporation announced that it has acquired the mineral and surface rights to additional mineral claims adjacent to and nearby its Butte Highlands Gold Project joint venture.
Timberline executed a lease agreement with an option to purchase four patented claims at its Butte Highlands Gold Project. The additional claims are contiguous to the company’s [...]

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Norways’s Seadrill makes mandatory bid for Eastern Drilling UPDATE

Norwegian oil industry offshore services group Seadrill Limited announced it has decided to make a mandatory bid for the outstanding shares in Eastern Drilling ASA — responding to a fine imposed by the Oslo Bors — at a price of 135 nkr a share.
The company said that a draft offer document for the bid has [...]

EagleRidge Minerals Ltd Begins 2009 Newfoundland and Labrador Exploration Program

EagleRidge Minerals Ltd. (ERM) is pleased to announce that field exploration crews have been mobilized from the Manitoba sites to the Newfoundland project sites. Field exploration work was performed on the Baie Verte area. The crews are now working on the St. Julien’s exploration project. Both project areas offer great opportunity for the discovery of [...]

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