Archive for the ‘Mining Technology’ Category

First Australian Uranium Shipped To China - Minister

Saturday, November 22nd, 2008

The first Australian uranium has been exported to China, with demand for the fuel likely to increase sharply in coming years, Resources and Energy Minister Martin Ferguson said Friday. The shipment follows the signing of two bilateral nuclear safeguards agreements in April 2006 and their ratification in January 2007, which provide ...

Energy Fuels Announces Capital Preservation Strategy While Advancing Development of Its Asset Base

Saturday, November 22nd, 2008

In consideration of the ongoing uncertainty in the uranium and securities markets, Energy Fuels has taken a number of steps to reduce its rate of spending. Energy Fuels' capital preservation strategy is being implemented to ensure that the Company will be in place with strong, developed assets, ready to catch ...

Orissa Mining to slash iron ore prices by 50 percent

Saturday, November 22nd, 2008

Public sector mining company Orissa Mining (OMC) will shortly slash prices of iron ore by 40 to 50 percent, a top company official said here Thursday. "We have just fixed our iron ore prices, and the new rates would come into effect in the next three to four days," OMC managing ...

Severstal Acquires Controlling Stake In High River Gold

Saturday, November 22nd, 2008

A subsidiary of Severstal (LSE: SVST), the Russian mining group, added High River Gold to its growing list of acquisitions. Yesterday High River Gold announced that Severstal had participated in a heavily dilutive share placing that would take its equity stake to 50.1%. Severstal took approximately 282.3 million shares ...

Some Say N.C. Should Consider Off-Shore Drilling

Friday, November 21st, 2008

North Carolina should consider whether it would receive money from oil exploration off its coast and how it would balance an oil industry with its coastal tourism economy, speakers at a conference said today. Carteret County commissioners recently passed a resolution supporting oil and gas exploration off North Carolina's coast, prompting ...

Learn about the World Mining Industry Market Brief

Wednesday, November 19th, 2008

The global outlook series on the Mining Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird's eye view of the industry, and highlights the implications boded by the consolidation wave, and rising mineral prices. The discussion on the global ...

KGHM sees 2009 copper production in line with 2008

Tuesday, November 18th, 2008

KGHM KGHM.WA, Europe's biggest copper miner, expects its output in 2009 to be in line with this year's even though it expects a 2-1/2 month maintenance shutdown of its Glogow mine, its chief financial officer said on Monday. In its full-year budget, KGHM sees its copper output at 512,000 tonnes in ...

Carpathian Doubles Multi-Million Ounce Gold Resource on the Rovina Valley Project, Romania

Tuesday, November 18th, 2008

Carpathian Gold Inc. is very pleased to announce its updated National Instrument 43-101 compliant Resource Estimate, as provided by independent consultants PEG Mining Consultants Inc. ("PEG"), on Carpathian's 100% owned Rovina Exploration License in central Romania, which hosts the Colnic Au-Cu Porphyry deposit ("Colnic"), the Rovina Au-Cu Porphyry deposit ("Rovina") ...

Uranium One Announces Results for Q3 2008

Monday, November 17th, 2008

Uranium One Inc. ("Uranium One") today reported operational and financial results for the third quarter of 2008. The Company also provided updated guidance for its operation and development projects. The financial statements, as well as the accompanying management's discussion and analysis, are available for review at www.uranium1.com ...

Great Lakes iron ore shipment volume slowing down

Saturday, November 15th, 2008

It is reported that iron ore shipments on the Great Lakes are slowing in response to a downturn in North American steel production. Shipments in October 2008 fell to 5.66 million net tonnes from 5.72 million tonnes in October 2007, and from 5.77 million tonnes in the October 2008 five year ...