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B.C.’s Mining Industry High Coal Prices to Record 2008 Profits
Aggregate pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
Mining Trade and Market Trend Analyst, Gold Prices Future Continue To Recover
Futures were climbing $4.70 to $892.80 an ounce at the Comex division of the New York Mercantile Exchange. Silver prices were up 12 cents to $12.32 an ounce, and copper was unchanged at $1.99 a pound.
Copper Prices Falls Impact To Zambian Mining Exploration Sector and Economic Growth
1,000 Mining Jobs and Other Sector Shut Down
With about 60 percent of the country’s workforce, copper mining has historically been the lifeline of Zambia’s economy. But lately and because of the fallen prices of copper on the world market, the Zambian economy has been struggling.
Canada Mining Exploration Company Shift Away From Metal Mine Exploration to Coal Mine Exploration
Canada’s biggest diversified mining company has made a major shift away from metals to coal.
Teck Cominco Ltd.’s $14-billion (U.S.) offer for Fording Canadian Coal Trust – the largest coal sector deal in history – amounts to a major bet by Teck on continued strength for the commodity, which is used to make steel and is [...]
NovaGold Second Quarter Financial Results and Project Update
NovaGold Resources Inc.today announced its financial and operating results for the three months ended May 31, 2007, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements and Management’s Discussion and Analysis which, together with further details on each of the [...]
Canadian Zinc Corporation: Surface Exploration Drilling Program Commences at Prairie Creek
Canadian Zinc Corporation (TSX: CZN)(OTCBB: CZICF) is pleased to report the commencement of a surface helicopter supported exploration drilling program, outside the immediate mine area, at the Company’s 100% owned Prairie Creek Mine in the Northwest Territories.
Surface Exploration Drill Program
A multi-million dollar helicopter portable diamond drill hole program, designed to further explore the more remote [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
U.S. Silver Corporation Announces the Acquisition of the Historic Dayrock Lead-Silver Mine and Mill
U.S. Silver Corporation, is pleased to announce the acquisition of the historic Dayrock Lead-Silver Mine and Mill facility located about 3 1/2 miles northeast of the Company’s Galena Mining Complex in the Silver Valley of North Idaho. The Dayrock operated intermittently from 1924 until 1977 having produced 155 million pounds of lead and 6,500,000 ounces [...]
Taseko Mines Ltd.: TASEKO’S GIBRALTAR MINE EXPANSION ON SCHEDULE
Taseko Mines Limited (’Taseko’ or the ‘Company’) is pleased to announce that the key components of the Semi Autogenous Grinding (’SAG’) mill for the Gibraltar concentrator expansion have commenced shipment from Europe. Mill motors and ancillary systems are already on site at Gibraltar and ready for installation in the newly erected SAG mill building. With [...]
