News archive for June, 2006

Suit alleges environmental violations at Missouri mine

June 27th, 2006
Suit alleges environmental violations at Missouri mine

A Missouri land-holding corporation that leases mining rights to the Doe Run Co. has filed a federal lawsuit against Doe Run, alleging violations of federal environmental laws at and near mining operations in Reynolds County.
Nadist LLC, based in St. Louis, said in the suit filed Friday in federal court in St. Louis that it will [...]

Mine blaze damage not as bad as first thought

June 27th, 2006
Mine blaze damage not as bad as first thought

Operators of Tasmania’s Savage River iron ore mine in north-west Tasmania say damage from last week’s fire might not be as bad as was first thought.
The fire caused $10 million damage to the main processing mill.
However, there was some good news at the weekend when engineers managed to get the pipe that pumps the iron [...]

Govt could consider clearing Beaconsfield mine debt

June 27th, 2006
Govt could consider clearing Beaconsfield mine debt

The Tasmanian Government hopes the Beaconsfield Gold Mine can reopen in August following the Anzac Day rock fall.
A budget estimates hearing in Hobart was also told the Government may forgive a $680,000 debt the company owes if it reopens.
The sum accounts for two loans: one to help the company pay stamp duty and another to [...]

Scomi Marine set for a coal lift

June 27th, 2006
Scomi Marine set for a coal lift

Scomi Marine Bhd’s increase in coal-carrying capacity by 76% in Indonesia should translate into an equivalent earnings contribution in the coming quarters, barring unforeseen circumstances, said chief financial officer Loong Chun Nee.
She was referring to Scomi Marine taking delivery of 13 new vessels that serve its Indonesian operations along the Barito River in Southern [...]

Oil prices rise on back of gasoline rally

June 27th, 2006
Oil prices rise on back of gasoline rally

Crude-oil futures rose Monday on the heels of a rally in gasoline that brokers attributed to a shipping snag along the U.S. Gulf Coast that was having some impact on refinery operations.
The Coast Guard said Sunday that only limited tug and barge traffic had resumed through the Calcasieu Ship Channel, which had been off limits [...]

Methane drilling lags

June 27th, 2006
Methane drilling lags

Though oil and gas drilling throughout the state is near record levels, the coal-bed methane industry is trailing 20 percent behind last year’s average of 50 rigs, according to the Wyoming Oil and Gas Conservation Commission.
The delay is attributed to difficulties in obtaining water discharge permits for the produced groundwater associated with coal-bed methane. Regulatory [...]

China North East Petroleum Holdings, Limited Announces Award of Major Drilling Contract to Rising Sun Oil Exploration and Production Limited

June 27th, 2006
China North East Petroleum Holdings, Limited Announces Award of Major Drilling Contract to Rising Sun Oil Exploration and Production Limited

China North East Petroleum Holdings, Limited, is pleased to announce the award of a major drilling contract to Rising Sun Oil Exploration and Production Limited. Rising Sun is a leading oilfield services provider in Jilin Province, the Peoples’ Republic of China, or PRC, for the company’s 2006 drilling program in the Qian112 oil field.

Brownstone Enters into Oil & Gas Agreement with Dejour Energy and Announces Proposed $12 Million Financing

June 27th, 2006
Brownstone Enters into Oil & Gas Agreement with Dejour Energy and Announces Proposed $12 Million Financing

Brownstone Ventures Inc. (”Brownstone”)(TSX VENTURE:BWN.V - News) announced today that it has entered into a binding letter of intent, subject to regulatory approval, with Dejour Energy (USA) Corp. (”Dejour”), a wholly-owned subsidiary of Dejour Enterprises Ltd. (”DJE”: TSXV), to participate with Dejour and Retamco Operating Inc. (”Retamco”), a private Texas corporation, in the ownership, exploration [...]

PrimeWest Energy paying $330M for U.S. oil and gas assets

June 27th, 2006
PrimeWest Energy paying $330M for U.S. oil and gas assets

PrimeWest Energy Trust (TSX:PWI.UN) is paying $300 million US, or about $330 million Cdn, for oil and gas assets in Montana, North Dakota and Wyoming.
With the deal expected to close by July 6, Calgary-based PrimeWest said Monday it will use existing credit lines plus a supplementary credit line of $250 million to finance the move.
“This [...]

Vista Gold Corp. Announces Gold Resource Estimate for the Mt. Todd Gold Project, Northern Territory, Australia, and General Update

June 27th, 2006
Vista Gold Corp. Announces Gold Resource Estimate for the Mt. Todd Gold Project, Northern Territory, Australia, and General Update

Vista Gold Corp. (Nachrichten) Toronto is pleased to announce that a mineral resource analysis for the Batman deposit at the Mt. Todd gold mine was completed on June 26, 2006, by Gustavson Associates of Boulder, Colorado, in accordance with Canadian National Instrument 43-101 standards under the direction of Mr. John Rozelle, an independent Qualified Person, [...]