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Random News from Mining Top News

Thelon to Acquire Lithium Project

Thelon Ventures Ltd. announce that it has signed a LOI with Gene Leong to acquire a 100% interest in 60 mineral Claims in the Lac Malartic area of Quebec. The terms of the LOI are that Thelon will pay $100,000 dollars cash and issue 3 million Shares on closing.
Lac Malartic lithium property is located approximately [...]

Tag: lac malartic lithium property, colorado lithium mine, lithium geology, lithium mines richest, lithium abitibi

Copper dips amid another large gain in LME inventories

LME copper for three-month delivery, which earlier hit a low of 5,650 usd a tonne, was at 5,660 usd against 5,750 usd at close yesterday. The LME said in a daily report earlier that stockpiles held in its warehouses rose 2,600 tonnes to total 199,450. Copper stocks are now nearly double what they were at [...]

FreightCar America, Inc. Reports Second Quarter 2008 Results

FreightCar America, Inc. reported financial results for the three months ended June 30, 2008. For the second quarter of 2008, sales were $141.3 million and net loss was $0.9 million, or a net loss of $0.08 per diluted share. These results include charges related to a loss contingency reserve due to sharp material cost increases [...]

Dianor Resources to Acquire Surface Rights to Leadbetter Extension Property

Dianor Resources Inc. announce that it has signed an agreement in principle with Mr. Joseph Leadbetter and persons associated with him pursuant to which they have agreed to sell the surface rights to the Leadbetter Extension Property to Dianor. The Leadbetter Extension Property is the subject of a property option agreement entered into by Dianor [...]

Lebanese oil spill could rival Exxon Valdez disaster: UN

An oil spill caused by Israeli raids on a Lebanese power plant could rival the 1989 Exxon Valdez disaster that despoiled the Alaskan coast if not urgently addressed, the United Nations has said.
The Nairobi-based UN Environment Programme (UNEP) said Tuesday the spill that poses severe ecological and human threats is already comparable to a 1999 [...]

Metalex Ventures Ltd. – 106 purple diamonds in Quebec rock samples

Metalex Ventures Limited in conjunction with its joint venture partners Dianor Resources Inc. and Wemindji Exploration Inc. (Wemex) are pleased to announce receipt of final diamond results for one hundred and eleven (111) reconnaissance surface rock samples taken on the Joint Venture’s Ekomiak II; IV; V; VI; and VII properties in the James Bay [...]

Tag: pictures of purple diamond, mining rock samples, expensive purple rocks, archean conglomerate source kimberlite, purple mine rocks

Coal mining shares fall as Foundation cuts outlook

Shares of major U.S. coal mining companies fell on Tuesday after Foundation Coal Holdings said its full-year profit will miss analyst forecasts amid higher costs and lower production.
Foundation shares fell as much as 4.9 percent. Shares of larger rivals Peabody Energy Corp. and Massey Energy Co. also declined.
William Burns, an analyst at Johnson [...]

Examine the Fundamentals of Structural Metal Product Manufacturing in the US

Research and Markets has announced the addition of the “Structural Metal Product Manufacturing in the US” report to their offering.
This industry comprises establishments primarily engaged in manufacturing one or more of the following: (1) prefabricated metal buildings, panels and sections; (2) structural metal products; and (3) metal plate work products. This report covers the scope, [...]

Namibia: Lüderitz Sets Pace in Wind Energy

Some residents of the Lã¼deritz district have embarked on a project to test the feasibility of wind energy at the coastal town.
The scheme, called the Lã¼deritz Wind Energy Demonstration Project, is one of last week’s 12 grant recipients of the United Nations Development Fund/Global Environment Facility Small Grants Programme (SGP) to experiment with the use [...]

Endeavour Reports Sale of Stock by Employees and Directors to Meet Tax Obligations

Endeavour International Corporation announced that a total of 297,851 shares of common stock were sold by its employees and directors in a private transaction to an undisclosed third party. The shares were sold to satisfy minimum tax withholding and estimated tax payment obligations of the employees and directors from equity compensation that vested on January [...]