Archive for the ‘Mining Contractor’ Category

Production cut could cost Rio Tinto more than $4 billion

Tuesday, November 11th, 2008

THE Chinese slowdown has forced Rio Tinto to slash this year's iron ore production by 20 million tonnes in a move that could wipe billions from its revenues. The decision leaves BHP Billiton as the world's only major iron ore producer yet to cut output, following last month's decision by Brazil-based ...

Garson Gold Drilling Intersects 48.77 Metres of 2.43g/t Gold

Friday, October 31st, 2008

GARSON GOLD CORP. is pleased to announce diamond drill results from hole BDY08-77 drilled at the Boundary Zone on its 100% owned New Britannia Mine property, located at Snow Lake Manitoba. Highlights of BDY08-77 include the intersection of multiple mineralized lenses including a 48.77 metres (m) intersection with an average ...

Yankee Hat Makes High Grade Tungsten Discovery; Kidlark Project, Yukon

Thursday, October 30th, 2008

Yankee Hat Minerals Ltd. is pleased to announce that as a result of the regional joint venture grassroots exploration program with the Japan Oil, Gas and Metals National Corporation ("JOGMEC") a new property, Kidlark, has been explored. Surface sampling has returned high grade tungsten assay results from this scheelite skarn ...

Animas Resources Exploration Update on Their Activities in the Santa Teresa Mining District

Thursday, October 30th, 2008

Animas Resources is pleased to provide an exploration update on activities in the Santa Teresa mining district, Sonora, Mexico relevant to our past producing Santa Gertrudis and Amelia gold projects. Animas Resources has completed 22 diamond core drill holes and 3 reverse circulation drill holes (to view Figure 1 please click ...

How Oil Drilling Could Power the Future

Friday, October 24th, 2008

"Drill, baby, drill," is the mantra of those who think America must free up its domestic oil supplies, but drilling offshore is not the only option. The United States is the third largest oil producer in the world (about 8 million barrels per day), but it is also the number one ...

Caterpillar Net Falls 6.4% on Higher Material Costs

Wednesday, October 22nd, 2008

Caterpillar Inc., the world's largest maker of bulldozers and excavators, said third-quarter profit fell 6.4 percent, missing analysts' estimates as costs rose for materials including steel and fuel. Net income declined to $868 million, or $1.39 a share, from $927 million, or $1.40, a year earlier. Sales rose 13 percent to ...

Caterpillar Reports Record Third-Quarter Sales and Revenues

Wednesday, October 22nd, 2008

Caterpillar Inc. (NYSE: CAT) today announced record third-quarter sales and revenues of $12.981 billion, 13 percent higher than third quarter 2007 sales and revenues of $11.442 billion. Profit per share for the third quarter 2008 was $1.39, down $0.01 from profit per share of $1.40 in the third quarter of ...

Theiss wins $1bn Indonesian contract

Tuesday, October 14th, 2008

Thiess Pty Limited was awarded a five-year contract worth $1 billion for the development and operation of two Indonesian coal mines. The deal follows the company's goal to expand its presence in Indonesia. The company said the contracts involved mine planning, overburden removal, coal mining, loading and transportation at the Teguh ...

Daly River uranium mine ‘possible within three years’

Tuesday, October 14th, 2008

An exploration company says it's excited about early results showing possible uranium deposits in the Daly River region. The region is not currently being mined for uranium, but Territory Uranium's managing director Ian Bamborough says the company's identified five areas on Tipperary Station that it will do further tests on. "The two ...

World Ground control to Major Tom

Monday, October 13th, 2008

The world's top 20 mining stocks have now lost a weighted average of 68% of market value, translating into a negative $1,1trn. Shenhua, the big Chinese coal miner, has contributed $176bn of red ink to this, and Vale, the world's biggest miner of seaborne iron ore, $156bn. The two stocks ...