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Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Cominco makes $14 billion deal in W.Va. for Coal Mine Industry Expansion
A global consolidation of the coal industry is shifting into overdrive.
Mining giant Teck Cominco said July 29 it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a [...]
Teck Cominco, Coal Mine Industry Company, Buyout Fording Canadian Coal Trust
Mining giant Teck Cominco said Tuesday it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a key raw material for certain steel mills.
Coking coal prices have gained [...]
Valencia Begins Resource Definition Drilling at the Cachinal Silver Project
Valencia Ventures Inc. (TSX VENTURE: VVI) is pleased to report that a significant 15,000m resource delineation drill program has begun at its Cachinal silver project in Chile to in-fill recent high grade silver intersections in the Northern Extension target. The Company plans to spend approximately $4.0 million on the second phase of the 2007 drill [...]
Essential Energy Services Trust Increases Existing Credit Facilities to $110 Million
Essential Energy Services Trust (”Essential” or the “Trust”) is pleased to announce the addition of a fourth Canadian chartered bank to its existing syndicate of three Canadian chartered banks and that it has also reached agreement to increase its credit facilities from $85 million to $110 million. “With the previously announced bought deal equity financing [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
Alberta starts taxing worst air polluters next week; deadline to pay is next March
Alberta’s new tax on emissions starts July 1 and will cost dozens of industrial giants roughly $175 million a year as the province cracks down on the growing belch of greenhouse gases.
But some of these extra costs will end up on consumer power bills as utilities look to share the pain of this $15 per [...]
Hillsborough Finds Robust Thermal Coal Market Favours Quinsam and Wapiti Development
Hillsborough Resources Limited (TSX:HLB) (”Hillsborough” or the “Corporation”) today reported on developments at Quinsam Mine and the Wapiti Project supported by the robust thermal coal market.
The thermal coal market has experienced price increases to record levels over the past few weeks, as was first reported in the Corporation’s news release of June 20, 2007. The [...]
