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Random News from Mining Top News

Greystar Drilling Advances Northeast Sector at Angostura

Greystar Resources Ltd. is pleased to report that drilling is continuing to enhance the potential and understanding of the northeast area of its wholly-owned, multi-million ounce Angostura gold-silver resource in northeastern Colombia.
“The northeast area of the deposit that comprise Veta de Barro, El Pozo, Veta de Barro East and La Alta East has now [...]

Iberian Starts Up Copper Concentrate Production at Minas De Aguas Tenidas

Iberian Minerals Corp. and its wholly owned subsidiary Minas Aguas Tenidas S.A. are pleased to announce that the first copper concentrates have been produced at the Aguas Tenidas mine on December 21st, 2008. The Aguas Tenidas mine is located in the Andalucia region of Spain. The copper concentrate was produced out of the copper flotation [...]

Tag: mercury in copper concentrates, copper concentrate production, minas prodcution, minas aguas tenidas sa, minasde aguas tenidas

Zimbabwe: New Coal Producer Mulls Electricity Power Generation

COAL Zimbabwe, a new entrant in the coal mining industry says it has invested US$5,3 million in a mine in Chiredzi and plans to go into power generation in the near future.
The company, which is wholly owned by Steelmakers, a Redcliff-based steel manufacturer, says it ventured into mining in a bid to revive its Masvingo [...]

Johnson Matthey Inc. Resolves Virtually All Government Claims in Salt Lake City Environmental Case

Johnson Matthey Inc. today announced an agreement with the U.S. government, resolving virtually all government claims of alleged environmental violations at Johnson Matthey’s Salt Lake City gold and silver refining facility.
The case, which centered on claims by the government that Johnson Matthey had violated environmental laws during 2000 to 2002 regarding certain wastewater treatment activities [...]

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Inco Secures EU Approval to Buy Mining Competitor Falconbridge

Inco Ltd., the world’s second-biggest nickel producer, won European antitrust approval to acquire rival Canadian mining company Falconbridge Ltd. for C$19.5 billion ($17.6 billion) after agreeing to sell a Norwegian refinery.
“I am satisfied that the remedies will allow the emergence of a fully fledged competitor and at the same time preserve competition in the nickel [...]

Parker Drilling Sells Two Barge Rigs to Basic Energy Services for About $20 Million

Parker Drilling Co., which provides offshore drilling services, on Wednesday said it has agreed to sell two of its barge rigs in the Gulf of Mexico to Basic Energy Services Inc. for about $20 million.
Parker expects to book a $5 million gain on the sale and said it plans to use proceeds to fund 2007 [...]

Roca-MAX Molybdenum Mine Development Update

Roca Mines Inc. (TSX VENTURE:ROK; “Roca” or the “Company”) provides the following update on construction and development activities for its PHASE I, 500 tonne per day mine at the MAX Molybdenum Project, located 60 kilometres (36 miles) southeast of Revelstoke, British Columbia.
Progress in the following principal project areas includes;
Underground Development – Genex Mining Ltd. has [...]

Norwood Signs Drilling Services Contract

Norwood Resources is pleased to announce that the company’s Nicaraguan subsidiary, Norwood Nicaragua SA, has entered into a one year drilling services contract with Multiservicios de Perforacion Geopetroleros S.A. (MPG), a division of Grupo de PITSA of Poza Rica, Mexico.
The company plans to utilize MPG’s Gardner Denver 1500 HP drilling rig No. 15 to drill [...]

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Cleveland-Cliffs Inc Is Now Cliffs Natural Resources Inc.

Cleveland-Cliffs Inc, an international mining company, announced that it has changed its name to Cliffs Natural Resources Inc. Its ticker symbol will remain the same.
In addition to the name change, the Company also announced the formal adoption of “Cliffs,” the one-word name by which it is commonly known, and introduced a new visual identity, including [...]

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Coal Producers Stumble, Led by Peabody Energy

Shares of coal producers fell widely Thursday, led by St. Louis-based Peabody Energy Corp.
Late Wednesday, Peabody Energy said lower third-quarter shipments will mean its 2006 production will be at the low end of its previous guidance.
In response, several analysts slashed their third-quarter earnings projections for Peabody Energy, including Morgan Stanley’s Mark Liinamaa. He cut his [...]