Russell Industries, Inc., recently the Company has been asked by the general investor public, “Why should I invest in Uranium”? To follow are a few of the reasons as published in Money Week, October 7, 2007.
“Security concerns over global oil supply and fears of global warming have shifted public opinion,” say analysts at Canada’s Haywood [...]
Western Sierra Mining Corp. announced that it had signed a contract for a two-year lease with a fixed price option to purchase both the Blue Bell and De Soto mines, located near Crown King and Mayer, Arizona. Both mines have historically produced large amounts of silver and copper; the production cons also carried some gold. [...]
Northern Superior Resources Inc. announce the commencement of a new drill program on its 50%-owned Ti-pa-haa-kaa-ning Gold property in Northwestern Ontario. Northern Superior is the project operator. The new drill program follows detailed bedrock mapping and sampling in the eastern part of the 33,248 hectare Ti-pa-haa-kaa-ning property over the course of the summer where several [...]
Global Hunter Corp. announce the results from the first 91.8 metres of core drilled in hole RS-D-08-123 averaging 0.070 percent molybdenum and 0.13 grams per tonne rhenium. The molybdenum grade is 8.3 percent higher than the grade from the same interval in twinned hole RS-D-80-56. None of the previous operators analyzed for rhenium. The hole [...]
Aker Solutions was awarded the engineering, procurement and construction management for Kennecott Utah Copper Corporation’s new Molybdenum Autoclave Process (MAP) Project facility. The facility is to be located near Kennecott’s refinery west of Salt Lake City, Utah USA. The value of Aker Solutions’ scope is over USD 33 million out of the project’s estimated capital [...]
Hydrogen Energy International LLC, a joint venture of BP Alternative Energy and Rio Tinto, announced plans to file an AFC (Application for Certification) before the California Energy Commission on Thursday, July 31, 2008, for a proposed hydrogen fuel production facility and power plant in Kern County, California. The filing initiates a comprehensive regulatory review process [...]
State-owned Saudi Arabian Mining Company (Maaden) yesterday launched an initial public offering to raise 9.25 billion riyals ($2.47bn) in the Middle East’s biggest mining IPO, valuing the firm at $4.9bn.
Maaden plans to sell 462.5 million of stock - equivalent to 50 per cent of its share capital - at 20 riyals each with subscriptions closing [...]
Once again, local oil and natural gas producers are left wondering as details of a decision on drilling regulations remain cloudy.
New Mexico’s three-member Oil Conservation Commission discussed the merits of more stringent drilling regulations in Santa Fe from Saturday through Friday. They worked their way through the 17-page rule that applies to the proposal, but [...]
Booming uranium prices could tempt Anglogold Ashanti Ltd. , the gold mining arm of Anglo American , into uranium exploration in Australia, a company executive said on Wednesday.
Anglogold, which already mines some uranium as a by-product from gold mines in South Africa, was looking at the potential for yielding uranium from the Tropicana gold prospect [...]
OJSC MMC Norilsk Nickel announced that Norilsk Nickel’s proposed acquisition of control of LionOre Mining International Ltd. (Nachrichten) (”LionOre”) (Toronto Stock Exchange symbol: “LIM”; London Stock Exchange symbol: “LOR”; Botswana Stock Exchange symbol: “LIONORE”), which was notified in Norway on May 21, 2007, has been approved under the Norwegian Competition Act of 5 March 2004 [...]
