Archive for the ‘Mining’ 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 ...

Quicksilver Resources’ Board Approves 2009 Capital Budget

Friday, November 21st, 2008

Quicksilver Resources Inc. announced that its board of directors has approved a $600 million capital budget for 2009, which includes approximately $400 million for drilling, $155 million for gathering and processing facilities (including approximately $35 million to be funded by Quicksilver Gas Services LP), $40 million for leasehold and $5 ...

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 ...

Drilling Commences at Columbus Gold’s Scraper Project

Thursday, November 20th, 2008

Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold" or the "Company") is pleased to announce that drilling has commenced on the Company's Scraper Project where joint venture partner Newmont Mining Corporation (TSX:NMC)(NYSE:NEM) can earn an initial 51% interest by undertaking staged annual exploration expenditures totaling US$5 million over a five year ...

Zimbabwe gold output plunges 64 percent

Thursday, November 20th, 2008

Zimbabwe's gold production plunged by 64.5 percent in October compared to the same period last year, the Chamber of Mines said Wednesday, underscoring the woes of the once-vital industry. Gold output in October was 125 kilogrammes in October, down from 352 kilogrammes in the same month last year, the chamber said. The ...

Ivanhoe likely to resume mining in December

Thursday, November 20th, 2008

Myanmar Ivanhoe is likely to resume its copper mining activities in Monywa next month following suspension of production for a few months, company sources said. Myanmar Ivanhoe was into copper mining in Sabe hillock and Kyesin hillock near Monywa city in Sagaing Division in collaboration with junta's No. 1 Mining Corporation. ...

Zambia Jan-Sep Copper Output Up 10.7% On Year - Official

Thursday, November 20th, 2008

Zambian copper production in the first nine months of the year increased by 10.7% on year as copper mines recovered from operational disruptions suffered earlier in the year, a government official told Dow Jones Newswires Wednesday. An official with the ministry of mines and mineral development said central bank data indicates ...