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Random News from Mining Top News

Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Corporation announced the closure of its Jupiter mining complex. The Company announced on September 29, 2008, its intention to idle the Jupiter thermal coal facility. In connection with the closing of the facility, the Company gave notice toda …

January 10th, 2009

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Corporation announces the successful appraisal and development of the Ebouri field in the Etame Marin license area offshore Gabon. Addax Petroleum has a 31.36 per cent non-operated interest in the Etame Marin license area. Commenting, Je …

January 10th, 2009

HudBay to Suspend Operations at Its Chisel North Mine and Snow Lake Concentrator

HudBay to Suspend Operations at Its Chisel North Mine and Snow Lake Concentrator

HudBay Minerals Inc. has determined that it will suspend operations at its Chisel North mine and concentrator in Snow Lake, Manitoba due to depressed prices of base metals, and the economic downturn. The company will place both the mine and concentrator un …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

…  venture being approximately 3,250,000 pounds (Denison’s share being approximately 731,000 pounds U3O8) and approximately 904,000 pounds …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

…  previous acquisitions of all of the issued and outstanding shares of each of Great Western and Elkedra. The remainder of the warrants were …  pursuant to the acquisition of all issued and outstanding shares of Elkedra on a fully diluted basis, reflecting the ratio of the …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour International Corporation announced that the first exploration well of a new onshore exploration program focused in South Texas has resulted in a commercial discovery and the company’s first production in the United States. The initiative reflect …

January 9th, 2009

Stratic ceases operations on Well 16/2b-5A in UK North Sea

Stratic ceases operations on Well 16/2b-5A in UK North Sea

…  be re-spudded on 8th December 2008, and the failure of the top drive mechanism on the drilling rig last week, together with considerable …  is currently in the process of being abandoned. Stratic’s share of the total cost of the well amounted to approximately $19 million. The …

January 9th, 2009

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

…  will pay to the vendor an amount of $5,000 plus 100,000 shares of GWMG on signing; $10,000 plus 50,000 shares on the first anniversary, $30,000 on the second anniversary; $50,000 on …

January 9th, 2009

Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

…  by recently issuing an additional 400,000 of its common shares to Pele. Wallbridge is expected to complete its earn-in of a 60-percent …

January 9th, 2009

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

…  at a price of $0.075 per unit consists of one flow-through share and one warrant giving the right to buy one non-flow-through share at a price of $0.10 per share for a period of 12 months and at $0.15 per …

January 9th, 2009