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Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
Enterprise Metals Subsidiary Acquires Cunderdin Iron Ore Exploration Project
Mining and exploration company Enterprise Metals announced its wholly owned subsidiary Enterprise Iron has exercised an option to acquire a 100% interest in the Cunderdin iron exploration project in Western Australia by purchasing all of the issued capital in Glintan, the registered holder of Exploration Licence application 70/3756.
Western Standard Metals Acquire 50 Percent Stake Vinasale Gold Mine Project In Alaska
Vinasale gold mine is a gold mine located in Mining District in central Kuskokwim McGrath, Alaska. Mining site is estimated to have mining potential large enough. Placer gold deposits associated with some of these intrusions and recorded a total production of 2.5 million ounces.
Western Standard Acquires Freegold’s Almaden Gold Project
Western Standard Metals Ltd. and Freegold Ventures Limited are pleased to announce that further to the news release dated September 8, 2009, Western Standard has completed the acquisition of a 100% interest in Freegold’s Almaden gold project located in Idaho. In consideration, Western Standard has issued:
North American Gem Inc. Reported Completed Potential Surface Mining in West Virginia
North American Gem Inc. announces that drilling has been completed on its 37 acre potential surface mining prospect known to the Company as the Saffle Tract, and its 130 acre potential surface mining prospect, the Dalton Tract, both in West Virginia.
Two Mining Companies Begin Construction New Underground Sage Creek Mine in West Routt
Peabody Energy and Twentymile Coal Co. could begin construction on the new underground Sage Creek Mine in West Routt County as soon as 2010, a company spokesman said last week.
Coal Mine Potential in McDonough County, Springfield Coal Co. Seek Mining Exploration Permit Renewal
A coal mining company is seeking a fifth renewal of its mining permit for an area in southern McDonough County, citing the potential for more mining at the site and continuing land reclamation.
Utah coal mine production reported, coal mining project future
Following a 10-year low in 2004, Utah coal production jumped by 12.6 percent to 24.6 million short tons in 2005 and increased an additional 6.4 percent to reach 26.1 million tons in 2006.
But mines operating in the Castle Valley region experienced a difficult year in 2007.
The Crandall Canyon closure, followed by the idling of the [...]
China Coal Mine Explosion Rescuers Found Four More Bodies
The death toll from an explosion at a mine in northwestern China rose to 16 on Friday after rescuers found four more bodies, a state news agency said.
Workers were using more than two tons of dynamite to blast away rock in the coal mine when the accident occurred Thursday evening, the official Xinhua News Agency [...]
