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Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Announces Closure of Jupiter Mine

…  notice today, in compliance with the Worker Adjustment and Retraining Notification Act, that employees will be laid off from employment between March 12 and March 25. The decision to idle the Jupiter mining complex was made as part of a comprehensive review of the Company’s properties and was based on Jupiter’s unacceptably high cost structure, coupled with …

January 10th, 2009

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Announces Update to Gabon Drilling Program

…  Petroleum Corporation announces the successful appraisal and development of the Ebouri field in the Etame Marin license area offshore …  in delineating the Gamba sandstone formation above the oil water contact, thereby expanding the areal extent of the Ebouri field. A …

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

…  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 …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

…  (Denison’s share being approximately 731,000 pounds U3O8) and approximately 904,000 pounds U3O8 being produced at the White Mesa mill. …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

…  prices of a total of 22,326,069 of its currently outstanding warrants from their current exercise prices (which range from $0.55 to …  18% were initially issued by Great Western Diamonds Corp. and approximately 5% were initially issued by Elkedra Diamonds NL, all of which …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  well of a new onshore exploration program focused in South Texas has resulted in a commercial discovery and the company’s first production …  well on the Alligator Bayou prospect located in Matagorda County, Texas. The well has reached a total depth of 23,830 feet measured depth …

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

…  following a series of operational difficulties, Stratic and its joint venture partner have decided to cease operations on well 16/2b-5A …  drilled to a total depth of 6,370 feet, having encountered oil shows in two exploration objectives (Skroo and Flugga), and has satisfied …

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

…  km away with a railroad within 10 km, ports within 50 km, and power lines to the local smelters are also within 50 km. The Benjamin River Property covers 55 claims totaling 880 hectares (ha) and hosts an apatite-diopside-magnetite vein that has been traced on surface …

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

…  $300,000 on qualifying exploration expenditures in 2008 and by recently issuing an additional 400,000 of its common shares to Pele. …  an additional $500,000 on exploration by year-end 2009 and can increase its interest to 72.5-percent by completing a bankable …

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

…  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 share for the following 12 months. Each flow-through share …

January 9th, 2009