U.S. Supreme Court upholds Kensington mine tailings permit
In a decision issued this morning, the U.S. Supreme Court upheld the decision by federal agencies allowing a unit of Coeur d’Alene Mines Corp. to place tailings from its Kensington gold mine near Juneau in a nearby lake. In doing so, the court sorted out some of the confusion arising from conflicting direction in the [...]
Trial mining, drilling boost Hollister resources by 27%
The overall contained gold-equivalent ounces at its Hollister in Nevada’s Carlin Trend have increased by 27% from 2.3 million in June 2008 to 2.9 million, Great Basin Gold Ltd. said this morning. At a cut-off grade of 0.25 opt, the combined measured and indicated mineral resources contain 1.45 million gold-equivalent ounces grading 1.167 opt for [...]
Oil sands giants Suncor and Petro-Canada agree to merge
Suncor Energy Inc. and Petro-Canada, both major players in oil sands mining and refining, said today they have agreed to merge. The combined company, with about $C63 billion in combined assets, will operate as Suncor, but will maintain the Petro-Canada name is refined products. “This merger creates a made-in-Canada energy leader with the assets, cost [...]
Pebble partners to spend up to $70 million to prepare for permitting
The Pebble Ltd. Partnership board has approved a $59 million budget and work plan for 2009, with the potential for spending up to $70 million, to complete a prefeasibility study and to prepare the giant Pebble copper/gold project in Alaska for permitting in 2010, partner Northern Dynasty Minerals Ltd. reports. The other partner is Anglo [...]
Xstrata objects to Formation Capital’s plans at Idaho Cobalt Project
Formation Capital Corp. U.S. has been notified by the Forest Service that an appeal has been filed by Xstrata plc to the January Record of Decision for Formation Capital’s Idaho Cobalt Project (ICP) in Lemhi County, east-central Idaho. Xstrata made the filing through its subsidiaries Noranda Mining Inc., Noranda Exploration Inc. and the Blackbird Mining [...]
Gabriel says it’ll cost another $238 million for Rosia Montana
Gabriel Resources Ltd. is now projecting it will cost $876 million (excluding working capital) to complete its Rosia Montana gold project in Romania, it said this morning. That’s up from an estimate of $638 million in 2006, an increase of $238 million, excluding sunk costs of about $147 million, which include about $90 million for [...]
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