TORONTO, ONTARIO, Strategic Resource Acquisition Corporation, announced it is opening a temporary custody and maintenance at its wholly owned subsidiary Mid-Tennessee zinc mining complex (MTZ).
The decision follows a thorough assessment of many scenarios and projections zinc prices that leave little support for continued operations under the current market price and credit environments. Since production began [...]
Johannesburg - Simmer & Jack, the South African gold producer, has put on hold an expensive six-year exploration project to develop the resources at its Buffelsfontein mine, but he has good news about low-cost production heap leaching.
The R217m Strathmore conceptual project to put ounces at its deep mine Buffel has been shelved because turbulent financial [...]
LAS VEGAS, NV, Elray Resources, Inc a technique based gold and precious minerals exploration company, announced today, today it has appointed a project team responsible for its businesses in Cambodia and the world to be headed by Mr. Grant Roberts and Tony McDougal.
Mr. Grant Roberts is a geologist with 28 years experience in geology, mineral [...]
NEW YORK, Oil prices shot Friday as political grudge threw a U.S. financial bailout proposal in disarray, deepening investor fears of a long and painful economic slowdown that could further erode demand of the States United.
Light, sweet crude for November delivery fell $ 2.47 to $ 105.55 in early trading on the New York Mercantile [...]
LONDON, UNITED KINGDOM
Take charge of mining at LEFA
Crew Gold Corporation announced that its subsidiary operating LEFA, Guinea resumed work in progress as part of its third mining contract. The third contract was expected to last another 27 months. The takeover was deemed necessary to protect opencast mines in the fleet. Good communication and a professional [...]
VANCOUVER (Mobile) - Pacific Copper Corp. (OTCBB: PPFP) (CUSIP # 69412U 10 0) began Phase I of the Diamond Core Drilling Program at its Venado / Venapai project of copper oxide located 45 km north of the town of Copiapo, Atacama Region III, Chile.
The Venado / Venapai project had already been announced as an acquisition [...]
VANCOUVER, BRITISH COLUMBIA
RIMFIRE Minerals Corporation (TSX VENTURE: RFM) is pleased to announce that, in partnership with Northgate Minerals Corporation (TSX: NGX) has started drilling at its new discovery of gold on the Boulevard property. Boulevard of the property is located approximately 135 km south of Dawson City, Yukon. Gold mineralization, including 7.04 g / t [...]
Melbourne: India’s largest private sector steel producer Tata Steel has acquired additional 7.29 percent stake in Australia-based Riversdale Mining for a total of $ 120.7 million, through its subsidiary Singapore.
Tata Steel Singapore subsidiary TS Global Minerals Holdings bought 13705000 shares, or 7.29 percent Thursday in the Australian company that owns blocks of coal mineral-rich Mozambique.
According [...]
Democrats in the House of Representatives passed their version of an offshore oil exploration bill, which is unlikely to produce much fossil fuel, but could help the Congress Party in power produce gains in the November elections.
With gasoline prices is still around $ 4 per gallon, and fever to drill more oil for a major [...]
VANCOUVER, BRITISH COLUMBIA - Columbus Gold Corporation (TSX VENTURE: CGT) ( “Columbus Gold” or the “Company”) announces that Christopher Columbus Silver Corporation (TSX Venture Exchange: SCC) ( “Columbus Silver”), formerly wholly owned subsidiary of the Company, completed its initial public offering and expects trading to the TSX Venture Exchange on Tuesday, 23 September 2008.
The IPO [...]