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Random News from Mining Top News

Mine accidentally explodes at S.Lanka show

A land mine on display at an exhibition in Sri Lanka’s capital accidentally exploded on Tuesday, the military said, injuring at least 14 people — two of them seriously.
The exhibition at the BMICH convention center in central Colombo to mark the island’s 59th anniversary of independence from Britain included captured weaponry from Tamil Tiger rebels [...]

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC).
The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of [...]

Tag: corvina oil field

Actelis Unveils ML 640 Carrier Ethernet Over Copper Switch, Creating an Intelligent Ethernet Access Edge

Actelis Networks® Inc., the global leader in Carrier Ethernet over Copper(TM) access technology, announced the ML 640 which is the latest innovation in their Carrier Ethernet over Copper access portfolio. The ML 640 enables service providers to create an intelligent Ethernet access edge with sophisticated bandwidth control, traffic management and quality of services features.
Like all [...]

Tag: actelis

StatoilHydro Platform Resumes Production

StatoilHydro ASA says oil production resumed at the 160,000 barrel per day Statfjord A platform about 125 miles off Norway’s coast, four days after an oil leak forced a partial evacuation and shutdown.
Most of the platform’s 217 crew members were evacuated to nearby platforms by helicopter on Saturday when an oil storage tank began leaking [...]

Norways’s Seadrill makes mandatory bid for Eastern Drilling UPDATE

Norwegian oil industry offshore services group Seadrill Limited announced it has decided to make a mandatory bid for the outstanding shares in Eastern Drilling ASA — responding to a fine imposed by the Oslo Bors — at a price of 135 nkr a share.
The company said that a draft offer document for the bid has [...]

Goldcorp and Glamis Agree to US$21.3 Billion Combination Creating the World’s Premier Gold Mining Company

Goldcorp Inc. and Glamis Gold Ltd. announced today that they have agreed to combine in a US$21.3 billion transaction to create one of the world’s largest gold mining companies. The new company will continue under the name Goldcorp Inc.
Under the terms of the transaction, which is structured as a Plan of Arrangement, Glamis’ common shareholders [...]

Tag: leismer camps, conklin leismer camp, ian tefler gold

US company gets a chunk of Jamaica’s bauxite mining

WASHINGTON GROUP International Inc. (WGII) has been awarded two contracts to take over the entire bauxite mining operations for West Indies Alumina Company (WINDALCO) for the next decade.
With the two awards announced last Thursday, Washington Group will be mining and delivering approximately one-third of Jamaica’s annual bauxite production of around 15 million tonnes. The full [...]

Tag: us companies in jamaica, in which parish is jamaica bauxite minning ltd located, glencore jamalco annual contract, bauxite company in jamaica, bauxite shipping port jamaica

Copper, Nickel Lead Metal Gains on Chinese Economic Growth

Copper rose the most in two weeks in London and nickel traded at a record for a seventh day after China, the world’s largest consumer of industrial metals, said its economy expanded at the fastest pace in 11 years.
Gross domestic product in China expanded 10.4 percent in the fourth quarter from a year earlier, the [...]

Osisko Tables Environmental Impact Study for Its Canadian Malartic Project

Osisko Mining Corporation submitted yesterday its environmental impact assessment study for its Canadian Malartic mining project to Quebec’s Ministere du Developpement durable, de l’Environnement et des Parcs (MDDEP).
“We’re very pleased to reach this major milestone in the regulatory approval process.” said Mr. Sean Roosen, President and CEO of Osisko. “To conduct this study over the [...]

Rio Iron Ore Output Falls From Record on Maintenance

Rio Tinto Group, the world’s third- largest mining company, said iron ore production fell from a record in the fourth quarter because of extended maintenance in Western Australia.
Output of the steelmaking raw material, Rio’s second-highest profit contributor, dropped to 35.1 million metric tons in the three months ended Dec. 31 from 35.7 million tons in [...]

Tag: scheduled maintenance shutdowns at kennecott utah copper smelter