America West Resources, Inc., a domestic coal producer with mining operations in Central Utah, announced that it has entered into a loan agreement that provides for up to $2.8 million of funding pending the entry of a final confirmation order allowing its wholly owned subsidiary, Hidden Splendor, to emerge from bankruptcy.
The $2.8 million one-year term [...]
The President of Creston, Mr. Brian R. Jones report, “At the end of 2nd quarter 2008, average daily field crude oil production was up from the 1st quarter average daily field crude oil production. This five percent increase in production along with the higher international crude oil price gave Creston Resources Ltd. an increase in [...]
Golden Eagle International, Inc. reported that its C Zone gold operation has been affected by recent and ongoing political unrest in Bolivia. Road blockades and the lack of diesel fuel throughout the Santa Cruz Department (State), in which the C Zone mine and mill are located, over the past three-week period slowed mining and milling, [...]
Thunder Mountain Gold, Inc., announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary, is advancing its planned exploration program at their South Mountain Mine, Owyhee County, Idaho. The 2008 program consists of core drilling from the surface and opening the 4,000-foot long Sonneman Tunnel so that underground sample results conducted during the period 1950 through [...]
Boart Longyear Limited announced that it has acquired Eklund Drilling Company Inc., a U.S.-based company with headquarters in Elko, Nev., specializing in reverse circulation (RC) drilling. Terms of the acquisition were not disclosed. Eklund is expected to add approximately USD $50 million in annual revenues. The acquisition will expand the company’s position in global RC [...]
America West Resources, Inc., a domestic coal producer with mining operations in Central Utah, today announced that the Company has signed a Coal Supply Agreement with a major U.S. energy company providing for the delivery of bituminous coal mined from America West’s Horizon Coal Mine for use in a co-generation power plant based in California. [...]
Bekem Metals Inc. announced that it has completed initial pilot testing of various technologies for processing nickel ore from its Kempirsai deposit. The testing was conducted in the United Kingdom, Russia and Kazakhstan. The Company has also received final pre-feasibility study reports (PFS).
The Company has spent the past several years analyzing and pilot testing a [...]
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 [...]
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 [...]
Golden Eagle International, Inc. reported that it has purchased an additional 200 tonne-per-day (tpd) hammer mill for its C Zone gold mill in eastern Bolivia from its Brazilian manufacturer. The Company estimates that the mill will be delivered within the next three weeks based on the manufacturer’s representations. The Company has also placed a deposit [...]
