Westmoreland Coal buys Kemmerer mine in southwest Wyoming

December 27, 2011

Westmoreland Coal Co. said this morning that it has agreed to purchase Chevron Mining Inc.’s Kemmerer mine in the Hams Fork Region of southwestern Wyoming for $179 million plus about $14 million in working capital. The Englewood,Colo.-based miner said it anticipates that the purchase price will be funded through a combination of cash consideration...

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UEC gets final state permit for its Goliad ISR uranium project

December 21, 2011
UEC gets final state permit for its Goliad ISR uranium project

The Texas Commission on Environmental Quality (TCEQ) has issued a Radioactive Material License to Uranium Energy Corp. for its south Texas Goliad in-situ-recovery (ISR) uranium project, the company reported yesterday. The issuance of the RML marks the conclusion of the state-level permitting. The Company now has all of the required permits to begin construction...

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Hecla will develop a new haulage way to bypass the rock burst at Lucky Friday

December 21, 2011

To ensure safe and efficient operations for its personnel, Hecla Mining Co. said this morning it will develop a new haulage way to bypass the rock burst that occurred at the Lucky Friday mine in northern Idaho on Dec. 14. Creating the bypass and reestablishing mine production is expected to be complete by the...

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Formation Metals completes geotechnical drilling at Idaho Cobalt mine

December 21, 2011

Formation Metals Inc. has concluded minesite portal bench geotechnical core drilling on its Idaho Cobalt Project, it reported this morning. The ICP comprises comprised a primary cobalt mine in Lemhi County, near the town of Salmon, and the cobalt production facility in Shoshone County, near Kellogg. The geotechnical drilling was conducted to acquire data...

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Top five “endangered elements” that could impact U.S. manufacturing

December 15, 2011
Top five “endangered elements” that could impact U.S. manufacturing

There will be no more “Made in the USA,” with millions of jobs lost, if the United States doesn’t start mining and stockpiling certain strategic metals, according to Alisha A. Ahern , co-director of the Academics & Periodicals Department at American Elements, the global chemical and metals manufacturer which published the list. The company...

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Thompson Creek to get another $270 million from Mt. Milligan gold stream

December 15, 2011
Thompson Creek to get another $270 million from Mt. Milligan gold stream

Thompson Creek Metals Co. Inc. has entered into an amended agreement with Royal Gold Inc. to sell an additional 15% of the payable gold from Thompson Creek’s Mt. Milligan copper/gold project to Royal Gold for a total of $270 million, $112 million of which will be paid shortly after signing, the Denver-based firm said...

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Is there underground mining in Bisbee again?

December 11, 2011

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Lincoln gets positive study on Pine Grove gold project near Yerington

December 9, 2011
Lincoln gets positive study on Pine Grove gold project near Yerington

Lincoln Mining Corp. has received a positive preliminary economic assessment on the proposed open-pit mining and heap-leach operation at its Pine Grove gold project in the Pine Grove Hills 20 miles south of Yerington, Nev., the Vancouver-based company reported yesterday. The assessment says the mine will produce free cash flow of $32 million at...

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Colorado Court of Appeals upholds special-use permit for Energy Fuels’ Piñon Ridge mill

December 9, 2011

The Colorado Court of Appeals upheld the Montrose County special-use permit for the Piñon Ridge uranium and vanadium mill, Energy Fuels Inc. reported yesterday. On March 3, the State of Colorado District Court in Montrose County denied a legal challenge by Sheep Mountain Alliance seeking to overturn the Montrose County Board of County Commissioners’...

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Newmont says plan for Conga in Peru addresses farmers’ water needs

December 8, 2011
Newmont says plan for Conga in Peru addresses farmers’ water needs

The Conga gold/copper mine in Peru — which some area residents feared would hurt local farmers’ water supplies — has now built in a reservoir system that will give the farmers better year-round access to water, Newmont Mining Corp. said this morning. According to the approved environmental impact assessment, upon which Newmont was providing more details,...

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New Jersey mill expansion project now 3/4 complete

December 7, 2011

The expansion project at the New Jersey mill near Kellogg, Ida. is about 76% completed on a cost basis, New Jersey Mining Co. reported this morning. All major equipment has been procured and is on site, including a new 2.4-meter-diameter by 4.0-meter-long ball mill, a new cone crusher and a new paste thickener. A...

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