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Random News from Mining Top News

Maryland Rescuers Try to Reach Trapped Mine Workers

Rescuers are trying to reach two workers who have been trapped in an open pit coal mine near Barton, Maryland, since a wall collapsed two days ago, the U.S. Mine Safety and Health Administration said.
The wall, which was from 100 feet to 125 feet (30.5 meters to 38 meters) high, collapsed onto a shovel and [...]

Avanti Mining Announces Conversion by RCF of 75% of the Convertible Loan Into Units

Avanti Mining Inc. announces that Resource Capital Fund IV L.P. has agreed to convert US$15,116,667 of the existing Convertible Bridge Loan into units of Avanti at a conversion price of C$0.16 per unit. Each Unit will consist of one common share and one half of one share purchase warrant. Each whole warrant will give RCF [...]

Canadian Stocks May Retreat as the Price of Crude Oil Declines

Canadian stocks may fall, as oil and gas producers including Suncor Energy Inc. retreat alongside the price of crude oil.
Declines in the Standard & Poor’s/TSX Composite Index may be limited as financial companies such as Royal Bank of Canada may extend gains amid speculation the U.S. Federal Reserve may be close to ending its interest-rate [...]

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Freegold Vests 100% Interest at Rob – Drilling Continues to Extend Pogo-Style Veins

Freegold Ventures Limited announce that it has now vested with a 100% interest in the underlying long term lease at its Rob property. The Company is also pleased to announce that its initial mapping and geophysics have identified new prospective targets on the property, and that the initial step-out drill holes at Grey Lead are [...]

Chesapeake Energy Corporation Secures Transportation Capacity for Growing Fayetteville Shale Production

Chesapeake Energy Corporation announced its wholly-owned subsidiary, Chesapeake Energy Marketing, Inc., has entered into a ten-year agreement for firm transportation of 375 million cubic feet (mmcf) per day of natural gas and an option to transport an additional 125 mmcf per day on the Fayetteville Express Pipeline, a new 42-inch, 187-mile pipeline system to be [...]

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Storm Cat Energy Corporation Announces Default Under Subordinated Convertible Notes, Provides Update of Credit Facility and Engages Parkman Whaling LLC and Alvarez & Marsal

Storm Cat Energy Corporation reported that it failed to make its required quarterly interest payment when due on September 30, 2008, and such failure has continued for a period of 30 days, with respect to its Series A and Series B Subordinated Convertible Notes each due March 31, 2012. The failure of Storm Cat to [...]

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To curb global warming, U.S. coal producers are adrift in choppy political seas

The battle lines have been clearly drawn between the Democrats in Congress, a handful of major names in the international mining industry and the National Mining Association and its coal company members.
The Democrats’ victory in last year’s elections means Congress’s stance on environmental issues has changed dramatically. Gone is the champion of mining and big [...]

Murgor announces metallurgical results at the Hudvam and Wim deposits in Manitoba

Murgor Resources Inc. announced the results of a metallurgical study on the Company’s Hudvam and Wim deposits in Manitoba.
At the Hudvam deposit, results of the locked cycle test work are highlighted by copper recoveries averaging 89% and captured into a high-grade concentrate averaging 30% copper. Gold in the feed was recovered in the copper concentrate [...]

Norilsk Nickel consolidates R&D assets

Norilsk Nickel has consolidated its research and development assets into a single entity on the basis of Gipronickel Research and Project Development Institute (St. Petersburg) with two branches in Norilsk and Monchegorsk, the company’s press office reported today.
This reorganization will allow Norilsk Nickel to strengthen its management of the [...]

CYRR: Enters Negotiations for Coal-Bed Methane Gas Wells

Canary Resources Inc. (CYRR) announced that it has entered into negotiations with a private investment group to drill 10 to 15 coal-bed methane gas wells on its wholly owned leases in Kansas and Missouri on a joint venture basis. If negotiations are successful, Canary will be able to step up development in the Eastern Forest [...]