--(www.USEquityNews.com)-- 08/28/2008 - Uranium Exploration industry alert provided by U.S. Equity News. Arch Coal's (NYSE: ACI) Thunder Basin Coal Company achieved a first place finish in the 28th Annual International Surface Mine Rescue Competition held in Campbell County, Wyo., on August 21-23. A total of 12 teams from the United States and Canada participated in the three-day event hosted by the Powder River Basin Safety Association and the Campbell County Fire Department. "We're extremely proud of Thunder Basin's mine rescue team," said Ken Cochran, president and general manager of Thunder Basin. "These individuals are highly dedicated and train year-round in high-angle rescue, first aid and fire-fighting techniques for use in coal mine emergencies."
As Metalline (AMEX: MMG) announced July 29, 2008, the understanding of the nature of the zinc resource at Sierra Mojada has changed appreciably since we started evaluating it in 2005. As a result of continued drilling, and application of a less constrained geologic framework, we now have a new resource model that more than doubles the zinc metal content of the Oxide Zinc mineralization and which now includes an appreciable amount of silver. This new and larger resource has altered the approach we are taking to development of the project, and open pit mining is again an option. During the investigation of mining methods by Pincock Allen & Holt, in early 2007, open pit mining was rejected due primarily to the high strip ratio required to extract the high-grade resource, and underground mining methods were selected as the preferred alternative for mine development. With the recent receipt of the much larger oxide zinc resource model a new open pit optimization indicates that higher production rates and economies of scale are possible and preliminary economic evaluation now suggests open pit mining to be the more economic mining method.
Researched by Industrial Info Resources (Sugar Land, Texas) -- International miner Rio Tinto (NYSE: RTP) (London) posted record earnings for the first half of 2008. The company's net earnings for the period were $6.91 billion, up a significant 113% from $3.25 billion posted for the same period last year. For the past several months, BHP Billiton (Melbourne, Australia) has attempted a hostile takeover of the company. In November 2007 and February 2008, Rio Tinto rejected the offers from BHP, claiming that BHP had significantly undervalued the company. For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com.
Strongbow Resources, Inc. (OTCBB: STBR), a uranium exploration and development company, through its CEO Darren Hayes, recently announced that it has entered into a Memorandum of Understanding with Holloman Minerals, Ltd. of Perth, Australia to Farm-in up to 98% of seven (7) exploration license areas in the Frome Embayment near Lake Callabonna in South Australia covering an area of approximately 3,792 square kilometers (937,000 acres) known as the Cameron's Corner Palaeochannel Project (CCP Project). All of these areas are considered to be prospective for uranium and will form the basis for exploration activities. The Company's initial focus will be to explore the CCP Project Area by stages. The first stage will be an airborne electromagnetic survey to map channels and structure throughout the region with infill in the areas where channels or structure are indicated from previous work. Based on the results from this airborne survey and interpretation of existing data, the Company expects to target favorable structural belts and channels for follow up drilling. For a full report visit www.stocksjournal.com
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