Efforts to save Scotland’s oldest continually-operating textile mill from closure fail, leading to the loss of 33 jobs.
Read the original: Jobs lost as historic mill closes
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TORONTO, ONTARIO–(Marketwire – March 22, 2013) - North American Palladium Ltd. (“NAP” or the “Company”) (TSX:PDL)(NYSE MKT:PAL) is pleased to announce that it has closed the sale of its Quebec-based gold division, NAP Quebec Mines Ltd., which holds the Vezza mine, the Sleeping Giant mine and mill complex, and its nearby portfolio of exploration properties, to Maudore Minerals Ltd. (“Maudore”). A binding agreement in respect of the sale was entered into on closing.
Grand Forks Mill Resumes Operations; Rayonier Acquisition Scheduled to Close March 1st
Go here to read the rest: Interfor’s Q4 Results Improve as Markets Strengthen
Luxury goods firm Chanel buys Barrie cashmere mill in Hawick, following the collapse of owner Dawson International.
More here: Chanel buys Scots cashmere mill
UK Coal, which took over privatised mines, is to hive off property interests and split collieries into separate companies
Britain’s largest remaining coal mining business has reported a £20m first-half pre-tax loss and been forced to hatch a radical plan to try to pay off a £450m hole in its pension pot.
UK Coal, which inherited most of the privatised mines in England and Wales, is to hive off its property interests and divide its collieries into self-standing companies.
Bank debt is to be lifted off the mining business under an agreement with financiers that must be still endorsed by shareholders. Management is also hoping to reverse a vote by staff against new streamlined working conditions at the closure-threatened Daw Mill mine in Warwickshire (above).
Jonson Cox, chairman of UK Coal, admitted the total pension liabilities of the business now stood at £900m but he remained confident the £450m deficit could be filled, even if Daw Mill has to close.
He admitted the division into separate companies was designed to ensure that the financial collapse of one mine would not bring down the rest, and the pension deficit must be paid off by revenues produced from these operations which may only run for another 10 years at most.
The company, which has three deep mines and a number of open cast operations, has seen its production slump from 4.1m tonnes to 3.3m over the same period of 2011 due to geological and operational problems at Daw Mill and Thoresby in Nottinghamshire. In the first six months of 2011, UK Coal reported a profit before tax of £22m.
BRADENTON, FL–(Marketwire – Jul 30, 2012) – Silver Falcon Mining, Inc. (
Category : World News
Avion Gold Corp. has filed a Home Country News Release – AVION INCREASES 2012 PRODUCTION GUIDANCE AND PROVIDES AN OPERATIONAL UPDATE — MILL EXPANSION TO RESUME IN LATE 2012 OR EARLY 2013 To view the full release click here (link to PDF).
Here is the original post: Avion Gold Corp. (AVGCF: OTC Link) | Home Country News Release – AVION INCREASES 2012 PRODUCTION GUIDANCE AND PROVIDES AN OPERATIONAL UPDATE — MILL EXPANSION TO RESUME IN LATE 2012 OR EARLY 2013
RYE PATCH ANNOUNCES 1.28 MILLION OZS OF GOLD IN THE MEASURED & INDICATED CATEGORY & 0.54 MILLION OZS OF GOLD IN THE INFERRED CATEGORY CONTAINED IN AN OPEN PIT CONFIGURATION ON THE WILCO PROJECT< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Vancouver, British Columbia, June 27, 2012 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX:
BOCA RATON, FL–(Marketwire – Jun 21, 2012) – Andes Gold Corporation (
See the rest here: Andes Gold Corporation to Process Ore Under Contract