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Random News from Mining Top News

Alexis Announces Private Placement Financing of Up to $10,000,000 and Provides Update on Garson Gold Acquisition

Alexis Minerals Corporation announce a brokered private placement in an amount of up to $10,000,000 (the “Offering”). The private placement will consist of up to 20,000,000 flow-through shares (“Flow-Through Shares”) at a price of $0.50 per Flow-Through Share.
Alexis has retained Industrial Alliance Securities, Sandfire Securities Inc. and Cormark Securities Inc. to act as the agents [...]

Tag: private alexis, alexis from private, alexis minerals industrial alliance

SXR Uranium One sees strong price, output growth

Uranium One said on Monday it expected its output to grow significantly over the next few years to pip top producer Cameco Corp. by 2013 on current estimates.
Uranium One Chief Executive Neal Froneman said prices for uranium would also grow steadily and viewed the company’s production profile as healthy, and well distributed globally with output [...]

Zaruma Resources Starts Drilling at Carrizo Ridge and Reports on Luz del Cobre

Zaruma Resources Inc., (TSX-ZMR), reports that a 2,000 metre drilling programme has started in the Sapo-Carrizo area located 7 kilometres west of the Luz del Cobre copper project, in the Company’s 11,300 hectare San Antonio property (Sonora, Mexico).
As previously reported, a number of targets with oxide copper mineralization have been identified in the Sapo-Carrizo area. [...]

Iran Anxiety Sends Oil to New High

Oil prices shot to a new record near $127 a barrel on worries that Iran might cut crude oil production. Gasoline rose to a new record over $3.73 a gallon, and its advance showed little sign of slowing ahead of the Memorial Day weekend, the traditional start of the summer driving season.
Light, sweet crude for [...]

Mechel OAO Commences Construction of Coal Transshipment Complex at Vanino Port

Mechel OAO, one of the leading Russian mining and metals companies, announces that it has launched the initial project stages to construct a specialized coal transshipment complex at Vanino Port (Vanino SCTC), Khabarovsk Krai, Russia.
The specialized coal transshipment complex at Vanino SCTC is an integral part of the Neryungrinsky and Elga coal deposits development project. [...]

Tag: montreal, phosphate mining logistic, talvivaara

US: Iran uranium enrichment ‘full steam ahead’

The United States deplored Iran’s race to enrich uranium and confirmed the presence of a second set of centrifuges in the Islamic republic to do the work, a spokesman said.
An
International Atomic Energy Agency document from August 31 “mentioned an installation of a second 164-centrifuge cascade was proceeding, and it was unclear at that point whether [...]

Strateco Begins Drilling on its Mont-Laurier Property

Strateco Resources Inc. is pleased to announce that drilling has begun on its wholly-owned Mont-Laurier property. The Mont-Laurier property is located approximately 45 kilometres northeast of Mont-Laurier, and is very easily accessible.
The current program began on January 20, 2007 and consists of 3,000 metres of drilling in approximately 35 holes. These are the first [...]

Tag: bbhgm mining

SAIL, NINL to jointly bid for coal mines in Australia

In view of the increasing demand for coking coal, public sector behemoth SAIL will bid for coal mines in Australia jointly with Nilachal Ispat Nigam Limited (NINL) soon, Steel Minister Ram Vilas Paswan said today.
“SAIL and NINL would jointly bid for coal mines in Australia while in Canada and USA both these companies would bid [...]

Energy bill offsets oil, gas companies

A provision in a House-passed energy bill would take steps to reduce the time energy companies say they waste waiting for the government to act on permits to drill or mine for oil, gas and coal.
Interior Department officials have said they are struggling to keep up with the growing mountain of applications for permits to [...]

Petaquilla Copper Ltd. Preliminary Response to Inmet’s Bid

On July 6, 2008, Inmet Mining Corporation announced that it intends to make an all-cash offer (the “Offer”) for all of the outstanding common shares of Petaquilla Copper Ltd. (the “Company”) (Toronto:PTC.TO) at a price of $2.00 per share.
Until the Offer is formally commenced and has been reviewed, the Board of Directors is unable to [...]

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