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Random News from Mining Top News

Stillwater Mining Company and United Steel Workers Union Reach Tentative Agreement on Restructuring Plan at East Boulder Mine

Stillwater Mining Company, United Steel Workers and its Local 11-0001, East Boulder Unit announced today that they have reached a tentative agreement on changes to the current Collective Bargaining Agreement that are impacted by the Company’s restructuring plan.
Eligible union members will vote on the tentative agreement on Wednesday, November 26, 2008 at their regularly scheduled [...]

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Iran studying Russia’s proposal on uranium enrichment: ambassador

Iran was still studying Russia’s proposal to establish a joint venture for uranium enrichment, Iran’s ambassador to Russia said on Wednesday.
The proposal, which Russia offered to Iran at the end of last year, “is being discussed now” and “has been confirmed by Iran’s leaders,” the Itar-Tass news agency quoted Iranian Ambassador Gholam Reza Ansari [...]

Volta Resources Announces Further Drilling Results From its Gaoua Copper-Gold Project in Burkina Faso

Volta Resources Inc. report assay results from twelve out of 15 holes drilled on the Dienemera target located on the Malba permit at Gaoua. The drilling is part of the 39-hole, 11,306 meter diamond drilling program recently completed at Volta’s Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa where results continue to confirm [...]

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Aurelian Update on Kinross Offer – Kinross Now Owns 90.7% of Aurelian Shares

Aurelian Resources Inc. announced that per Kinross Gold Corporation’s press release issued earlier this morning Kinross has taken up and paid for an additional 15,165,279 common shares of Aurelian under its offer to acquire the Aurelian common shares. As a result of this acquisition, Kinross now beneficially owns a total of 138,689,460 common shares of [...]

Apollo Gold Commences 2008 Drilling Program and Expands its Land Position at the Black Fox Project

Apollo Gold Corporation announce that a surface core drilling program commenced on September 3, 2008 on its Grey Fox property, which is part of the Company’s Black Fox Project located near Matheson, Ontario, Canada.
Richard Nanna, Senior Vice-President of Exploration and Development for Apollo, stated, “A previous owner of the property, Battle Mountain Gold Company, conducted [...]

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MPH Ventures Issues Shares to Rubicon Minerals, Updated NI 43-101 Resource Calculation to be Completed

MPH Ventures Corp. announces that it has issued 25,000 common shares in connection with its Property Option Agreement dated November 15, 2007 with Rubicon Minerals Corp. whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in the Echo Township property located in the [...]

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Mazorro Acquires Option to Earn 100% Interest in La Verdosa & Los Arrayanes

Mazorro Acquires Option to earn 100% interest in La Verdosa & Los Arrayanes Mazorro Resources Inc. announce that it’s Mexican subsidiary Minera Mazorro S.R.L. DE C.V. has acquired an option from Industrial Minera Mexico S.A. de C.V. (IMMSA) to earn a 100% interest in the La Verdosa and Los Arrayanes concessions in the Municipality [...]

Frontera Resources Announces Commencement of Mirzaani #2 Well in Georgia

Frontera Resources Corporation, an independent oil and gas exploration and production company, announced the recent commencement of the Mirzaani #2 well at the Mirzaani Field in its Shallow Fields Production Unit, Block 12, in the country of Georgia.
Drilling operations commenced on December 17 at the Mirzaani #2 well, the first well in a new drilling [...]

Spot gold

Selected world gold prices, Thursday: Hong Kong late: $573.50, up $6.70. London morning fixing: $574.25, off $2.35. London afternoon fixing: $569.50, off $7.10. London late: $574.10, off $2.50. Paris afternoon fixing: $574.25, up $7.00. Zurich late afternoon: $572.85, up $6.30. NY Handy & Harman: $572.85, up $6.30. NY Handy & Harman fabricated: $615.06, up $1.89. [...]

Alcoa Leads in Social Responsibility, Innovation and Quality and Corporate Governance in Annual Ranking of 500 Best Companies in Brazil

Alcoa announced that it has taken top honors in Social Responsibility, Innovation and Quality, and Corporate Governance in the Steel and Metallurgy category in the annual ranking of the 500 best companies published by Dinheiro, Brazil’s leading business magazine. Alcoa ranked second in the industry’s overall ranking.
The ranking reflects notable business growth in Brazil. The [...]