Cabo Drilling Corp.’s U.S. subsidiary Advanced Drilling Inc. has been awarded a contract to drill a minimum of 35,000 feet of surface core drilling on Rio Grande Silver’s San Juan Silver Exploration Project, located north of Creede, Colorado.
The initial phase of drilling is designed to test the north extension of the Bulldog vein system which [...]
Coeur d’Alene Mines Corporation said today that the U.S. Forest Service has evaluated public and agency comments submitted on the Draft Supplemental Information Report for the Kensington Gold Mine in Alaska. Based on the responses and agency input, the Forest Service has announced that an Environmental Assessment (EA) is the preferred level of review, which [...]
Coeur d’Alene Mines Corporation said today that the U.S. Forest Service has evaluated public and agency comments submitted on the Draft Supplemental Information Report for the Kensington Gold Mine in Alaska. Based on the responses and agency input, the Forest Service has announced that an Environmental Assessment (EA) is the preferred level of review, which [...]
U.S. Energy Corp., a diversified natural resource company with interests in molybdenum, oil and gas, gold, and real estate, today provided a review of 2007 results and an update on current operations for its primary business segments.
Review of 2007 Accomplishments
The year ended December 31, 2007 was the most profitable in U.S. Energy Corp.’s history, due [...]
The federal Mine Safety and Health Administration’s report on last year’s fatal explosion at the Kentucky Darby Mine No. 1 will not be the final word on the accident.
The report, issued Thursday night, said the operator ignored vital safety standards and procedures. Five miners died in the May 20 blast.
On Capitol Hill, the promised oversight [...]
JACKSON - The Jackson Hole Chamber of Commerce says it opposes oil and gas development in the Bridger-Teton National Forest.
The chamber on Wednesday wrote to forest Supervisor Kniffy Hamilton stating that energy development on forest lands would hurt recreation and the regional economy.
More than half of the 3.4 million acre forest is open to [...]
BOISE, Idaho - A Canadian company that wants to mine cobalt in central Idaho says it can meet the requirements outlined in a draft environmental impact statement released earlier this week by the U.S. Forest Service.
But an environmental group is concerned that the statement contains no information on how much money the company would be [...]
Money from federal oil and gas lease sales is repairing McKenzie County roads and helping maintain its seven school districts, which have a total of about 760 students.
“We don’t expect to see this kind of money again, not in the near future, anyway,” county auditor Frances Olson says.
The year is ending on a high note [...]
With Democrats in control of the Congress, the U.S. mining industry can anticipate the resurrection of mining law reform, more environmental and safety regulation, and a “big fistfight†in the next two years over climate change issues.
Meanwhile, government regulators warned, agency budgets to support and promote mining and exploration activity could shrink even further.
In a [...]
After shares of Goodrich Petroleum Corp. pulled back from a multi-year high, two directors at the oil & gas exploration outfit bought stock.
Director Josiah Austin purchased 10K shares at $27.29 on September 20th and 6K shares at $26.46 on September 25th, increasing his holdings to approximately 5.655M shares, or about a 22.7% stake. Meanwhile, Director [...]
