Coal miner James River Coal Co. on Wednesday said its third-quarter loss widened, due largely to production slowdowns.
The company’s quarterly loss increased to $8.4 million, or 53 cents per share, versus a loss of $2.2 million, or 14 cents per share, during the same period last year.
Analysts polled by Thomson Financial forecast a loss of [...]

PHILADELPHIA - Hundreds of millions of tons of waste coal are lying around the mines of Pennsylvania and nearby states, and that gets John Rich excited.
Rich is president of WMPI, in Gilberton, northeastern Pennsylvania, where he is setting up the first plant in the United States to turn waste coal into diesel fuel.
“This will help [...]

Radisson Mining Resources Inc. is pleased to report on the diamond drilling program currently in progress on its O’Brien / Kewagama project located immediately west of the Wood / Pandora property of Globex / Queenston and 6 km west of the Agnico-Eagle-Lapa deposit.
Four diamond drill holes, KW06-12 to KW06-15, of the Radisson’s planned 4000 meter [...]

Pioneer Drilling Co., which provides drilling services to the oil and gas industry, on Thursday said fiscal second-quarter earnings more than doubled, as demand for the company’s rigs grew and it charged higher rates.
Earnings for the fiscal 2007 quarter jumped to $23.5 million, or 47 cents per share, from $11.1 million, or 24 cents per [...]

Interra Resources Limited said that plans to conduct a deep drilling program in Myanmar have been suspended.
Interra owns 60% of Goldpetrol JOC Inc. which has a 100% interest in two Improved Petroleum Recovery contracts with the Myanma Oil and Gas Enterprise (”MOGE”) in respect of the Chauk and Yenangyaung oil fields in [...]

Pan American Gold Corporation received the remaining assay certificates for the Huicicila project drilling. A routine review of data plotted on project drill logs from these certificates show gold and silver values were reversed when transcribed to the DDH-1 drill log. Intercepts of gold mineralization reported in the news release dated October 25, 2006, were, [...]

MINING at the Beaconsfield goldmine has moved a step closer after Tasmania’s work safety regulator yesterday approved a resumption of blasting and drilling to make the mine deeper.
Workplace Standards Tasmania rescinded a ban on work on the mine’s main decline imposed after the Anzac Day rockfall that killed miner Larry Knight just over six months [...]

Eldorado Exploration, Inc. announced that the Hardeman County, Texas well has started drilling as of November 2, 2006. The well will test the Mississippian Chappel reef at 8700 feet. Potential reserves could exceed 400,000 barrels of oil. If this test is successful the company has located numerous other locations on this reef trend using the [...]

Global Developments, Inc. , a publicly traded venture capital company, is pleased to provide the following update with respect to PetroSun Inc., an oil exploration company in which Global holds an equity stake. PHOENIX, AZ Nov 2, 2006 — PetroSun, Incorporated announced today that the company has reached an agreement with Tiger Energy that assigns [...]

Duke Energy Corp. said Friday its third-quarter earnings soared from a year ago, but its executives acknowledged “we didn’t have the kind of quarter we expected.”
“We’re disappointed that our efforts didn’t translate into stronger financial results for the quarter,” chief financial officer David Hauser told analysts on a conference call.
The current results where hit by [...]