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Random News from Mining Top News

Manhole cover among oddities at Copper Queen Community Hospital auction

Supporters of the Copper Queen Community Hospital will be surprised at the offerings donated for this year’s annual silent auction.
One of the more unique items runs around 180 pounds and is made of cast iron. It’s a city of Bisbee manhole with the city’s logo cast into it. City employees delivered it to the auction [...]

Chief Oil & Gas Welcomes Delivery of New Drilling Rig

Chief Oil & Gas and Union Drilling, Inc. unveiled the new AC QuickSilver drilling system in Lycoming County, Pennsylvania, the first-of-its-kind rig designed for horizontal natural gas drilling in the Marcellus Shale.
“This is an exciting time for Chief Oil & Gas and the Commonwealth of Pennsylvania,” said William Buckler, Senior Vice President of Operations for [...]

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Dana Resources Evaluating Joint Venture Opportunities on Base Metals Assets

Dana Resources, a US-based precious metals exploration and development company, is pleased to announce it is meeting with joint venture candidates about Dana Resources’ base metals projects. Dana Resources currently owns and operates seven mining projects located in Peru’s most prolific mining regions.
Dana Resources owns two advanced staged base metal projects, Las Horquetas and Turmalina. [...]

Tag: evaluating joint venture, investments zu dana resources, evaluating venture opportunities, metalsa dana, oil joint ventures peru roumors

Inco Sees 2nd-Half Profit of $1.42 Billion on Nickel

Inco Ltd., a nickel miner seeking to convince shareholders of Falconbridge Ltd. to accept its takeover offer, said second-half earnings will more than double from the first half because metal prices will remain high.
Profit excluding some items will be about $1.42 billion, or $6.17 a share, in the second half, assuming nickel prices of $12.01 [...]

Tag: nickel production is lagging demand, inco nickel assets

Merrex Executes Final Documentation with IAMGOLD

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex and IAMGOLD Corporation have executed the definitive Option Agreement for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa.
IAMGOLD has concluded its due diligence review and Merrex and IAMGOLD have executed final documents for the option of Merrex’s Siribaya Gold Project [...]

Occidental Petroleum Starts Cash Tender Offer for $1.09 Billion of Debt Securities

Oil and gas explorer Occidental Petroleum Corp. said Tuesday it began a cash tender offer for $1.09 billion of its debt securities.
The securities include Occidental Petroleum’s 10.125 percent senior debentures due 2009, 9.25 percent senior debentures due 2019, 8.75 percent senior notes due 2023, 7.2 percent senior debentures due 2028 and 8.45 percent senior notes [...]

Jelai Mineralization Expanding for Kalimantan Gold

Kalimantan Gold Corporation Limited continues to achieve success in its drilling at the 100%-owned Jelai gold project in East Kalimantan, Indonesia where 56 holes, totaling 4,468 metres have been drilled over the past year up until July 10, 2008.
Latest results from the drilling include intercepts such as:
- Hole 38 reporting 15 metres @ 4.9 grammes [...]

IAMGOLD’s Boto Project, Senegal Exploration Update

IAMGOLD Corporation is pleased to announce the discovery of multiple zones of significant gold mineralization at its wholly-owned Boto Property in Senegal, West Africa. The Company controls an extensive land package of 630 square kilometres in southeast Senegal covering an important segment of the Birimian Kedougou-Kenieba greenstone belt. The concessions also cover a significant strike [...]

Tag: senegal oil exploration

M45 Mining Resources Inc. Provides Update on Negotiations to Finance Drilling Program in Matagami Mining Camp Pursuant to Positive NI-43-101 on West Wind Property

M45 Mining Resources Inc. announced that negotiations with a US-based Finance Group to fund the drilling program in the Matagami Mining Camp are proceeding on schedule and should be finalized in short order. This financing initiative is pursuant to the publication of the NI-43-101 report on the West Wind Property, which is contained in [...]

Thompson Creek provides update on capital expenditure plans

Thompson Creek Metals Company Inc., one of the world’s largest publicly traded, pure molybdenum producers, today announced a reduction in planned capital expenditures including the postponement of the completion of the expansion project at its 75%-owned Endako Mine.
“Given the sharp decline in the molybdenum price, Thompson Creek has decided to curtail planned capital expenditures. This [...]

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