Alcoa Electrical and Electronic Systems to Restructure Honduran and Mexican Operations Serving North American Auto Market

Alcoa announced that its Alcoa Electrical and Electronic Systems (AEES) business has initiated a restructuring of its Honduran and Mexican operations serving the North American auto market as a result of continued market softness. In total, the workforce reduction across the Honduran and Mexican operations... Read more..

NovaGold Second Quarter Financial Results and Projects Update

NovaGold Resources Inc. announced its financial and operating results for the three and six months ended May 31, 2008, 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... Read more..

Endeavour Silver Production on Target in Second Quarter, 2008

Endeavour Silver Corp. announces that the Company’s silver production came in on target in the 2nd quarter, 2008, totalling 515,634 oz silver, up 2% over the 1st quarter, 2008. Silver production in Q3 and Q4, 2008 is expected to climb substantially as the current capital programs of mine and plant... Read more..

Taseko Updates Status of Gibraltar Mine

Taseko Mines Limited wishes to provide an update on its Gibraltar Mine. As announced on May 8, 2008 the main transformer for the new SAG mill failed resulting in a 16-day outage of the concentrator. An investigation into the failure of the transformer indicated that it had a defect when it was purchased,... Read more..

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Radisson Mining Extends Due Diligence Period Under Its Letter of Intent With Aurizon Mines

On April 14, 2008, Radisson Mining Resources Inc. (CDNX:RDS.V) announced that it had entered into a Letter of Intent (”LOI”) with Aurizon Mines Ltd. (Toronto:ARZ.TO)(AMEX:AZK) which would permit Aurizon to effect its due diligence over a period of 60 days on the O’Brien/Kewagama Property... Read more..

Kaiser Aluminum Introduces Energy Surcharge

Kaiser Aluminum (NASDAQ:KALU) announced that beginning July 1 it will incorporate surcharges for all new orders of fabricated aluminum products. The decision is based on an effort to reduce exposure to rising costs for natural gas, electricity and diesel fuel. “These surcharges are essential to mitigate... Read more..

Hecla Extends Date for Closing on Venezuelan Gold Property Sale

Hecla Mining Company has approved a revision to its agreement with Rusoro Mining Ltd. (Rusoro) to extend the date to July 8, 2008, for closing the transaction to sell its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro for $25 million. The sale agreement was previously announced... Read more..

Cardero Intersects Significant Near-Surface Silver Mineralization at La Poma Project, NW Argentina

Golden Star Resources Ltd. announced that the cost of power from the national grid in Ghana will be increased as a result of higher world oil prices. A decision of the Public Utilities Regulatory Committee (PURC) has been made public announcing an increase of power rates to high voltage customers, particularly... Read more..