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Random News from Mining Top News

International Minerals Reports Low Cash Costs at Pallancata Silver Mine, Peru

International Minerals Corporation reports Total Cash Costs of US$5.89 per ounce of silver produced, net of gold by-product credits (US$3.30 per ounce for Direct Site Costs) at the Pallancata Mine for the fiscal fourth quarter ended June 30, 2008 (see Table below for details). The Pallancata Mine, located in southern Peru, is jointly owned by [...]

Rocky gets coal plant nod

Wyoming’s largest electrical utility, Rocky Mountain Power, is the likely partner in a Wyoming-sponsored effort to launch a coal-gasification demonstration project.
The Wyoming Infrastructure Authority, which is spearheading the project, announced Tuesday it would conduct a special meeting today to discuss a draft memorandum of understanding with Rocky Mountain Power, formerly PacifiCorp.
The intent is to align [...]

Tag: sweetwater uranium, sweetwater mill and mine

Great Panther Signs New Sales Contracts for Topia Concentrates

GREAT PANTHER RESOURCES LIMITED announce it has signed contracts with Louis Dreyfus Commodities Metals Suisse SA (LDC), part of one of the world’s largest commodities trading companies, for the sale of lead and zinc concentrates from the Company’s wholly owned Topia silver-lead-zinc mine in Durango State, Mexico. The contracts are effective through to December 31, [...]

Tag: announcements by great panther, panthersigns, what are concentrates commodities, panther signs, great panther

Bidding Starts for Iraq Fields

Iraq opened international bidding for eight enormous oil and gas fields, paving the way for major investments in a nation with one of the world’s largest petroleum reserves.
If the contracts are approved, they could mark the biggest foreign stake in Iraq since the industry was nationalized more than 30 years ago.
Oil Minister Hussain al-Shahristani named [...]

Bush Calls for Greenhouse Gas Cap

In a Rose Garden speech, President Bush proposed stopping the growth of the nation’s greenhouse gas emissions by 2025 and urged other industrialized nations to set goals to address climate change.
While setting a broad goal, the president offered only a general outline — and few specifics — about how to achieve the objectives.
Friedman, Billings, Ramsey [...]

Century Mining Expects 163,000 Gold Ounces in 2007

Century Mining Corp. chief executive Margaret Kent is seeking to invest in more projects in Peru after acquiring a minority stake in Peruvian miner Compania Minera Poderosa S.A. earlier this week.
Kent, who once headed Royal Oak Mines while her name was Peggy Witte, said Century is looking at two to three prospective properties a week [...]

Emeco bid to raise $1bn for expansion

A MINING equipment and earthmoving group will add to a gorge of big-dollar market floats when it releases a prospectus today.
It is understood that Perth-based Emeco, which has been expanding rapidly on the back of the resources boom, will seek almost $1 billion in the raising to be used for growth.
The float comes after the [...]

Oil Rushes to Historic High

Oil prices shot up more than $10 to a new record above $139 after a major investment bank predicted a spike to $150 in the coming weeks and rising tensions in the Middle East left investors uneasy about supply.
The meteoric surge built on a price jump Thursday and capped oil’s biggest two-day gain in the [...]

TransAtlantic Petroleum Corp. Announces Award of 3 Exploration Blocks in Turkey

TransAtlantic Petroleum Corp. (TSX: TNP.U) announces it has been awarded three exploration licenses in South East Turkey. The 3 licenses together cover a total of 162,762 acres and are for a term of 4 years. They were awarded to TransAtlantic based upon a commitment to work programs on each of the respective areas. TransAtlantic will [...]

Tag: transatlantic petroleum recent news releases, top corporation in turkey

Cheddar matures 300ft down mine

A Blaenavon company which makes four types of cheddar says the temperature 90m (300ft) underground is ideal for its 40kg (90lb) blocks of cheese.
The cheddar is kept in purpose-made boxes for two weeks while it takes on a distinctive “marbling” on its surface.
Cheddar cheese was traditionally matured in Somerset’s Cheddar caves, from where it takes [...]