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Random News from Mining Top News

Harrison County Mine Accident Injures One

One man was injured today in an accident at the Sycamore Mine Number Three in Harrison County.
The accident happened around 11 o’clock this morning. The State Office of Miners Health Safety and Training says the man broke his leg when it got caught in a bolt machine. The 24-year-old was taken by ambulance to United [...]

ACCCE Statement Regarding Passage of Air Permit for the New Mexico Desert Rock Power Plant

The American Coalition for Clean Coal Electricity today issued the following statement in response to the United States Environmental Protection Agency’s (EPA) passage of an air permit for the proposed Desert Rock power plant:
“ACCCE is pleased that the EPA has recognized the tangible environmental and economic benefits the Desert Rock project will provide for the [...]

Alaska oil and gas drilling ban lifted

President Bush lifted the drilling ban Tuesday for Alaska’s Bristol Bay, clearing the way for the Interior Department to open the fish-rich waters to oil and natural gas development.
Alaska officials as well as local communities had asked for the ban to be lifted, but environmentalists have warned against drilling in the bay, which is also [...]

Provident Energy Trust to sell stake in BreitBurn Energy Company for $305 million

Canada’s Provident Energy Trust is reported to have announced that it will sell its stake in oil and gas producer BreitBurn Energy Company LP for $305 million to focus on its core energy, petroleum and midstream businesses.
Purchasers Metalmark Capital Partners, Greenhill Capital Partners and the BreitBurn management team will pay Calgary, Alberta-based Provident $295 million [...]

SunPower boosts solar panel output

The Sunnyvale, Calif.-based company is expected to announce its second-generation, higher-power product on Monday at the Solar Power 2006 conference in San Jose, Calif., and the panels are expected to be in mass production next year.
SunPower says it has managed to increase efficiency of the silicon cells from 20 percent to 22 percent. Further, the [...]

Forest Gate Drills Kelsey Well In Alberta

Forest Gate reports that the prospective natural gas well in Township 43, Range 18 at Kelsey, Alberta was recently drilled, logged, and cased. The logs and geological data support the original optimism and show good potential for natural gas. Perforation and testing operations are scheduled to commence August 22nd.
The Kelsey well, in which Forest Gate [...]

G & S Minerals Completes Company Audit; Improves Transparency and Public Disclosure

G & S Minerals, Inc. dba Gold & Silver Minerals, a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, today announced that the Company has completed its audited financial statements for the years ended December 31, 2007 and 2006 and completed its unaudited interim financial statements for the three- and [...]

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Goldcorp and Glamis Agree to US$21.3 Billion Combination Creating the World’s Premier Gold Mining Company

Goldcorp Inc. and Glamis Gold Ltd. announced today that they have agreed to combine in a US$21.3 billion transaction to create one of the world’s largest gold mining companies. The new company will continue under the name Goldcorp Inc.
Under the terms of the transaction, which is structured as a Plan of Arrangement, Glamis’ common shareholders [...]

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Fluor Awarded Debswana Contract for Diamond Mine Expansion in Africa

Fluor Corporation announced that the company won an engineering, procurement and construction management (EPCM) contract from Debswana Diamond Company Ltd, a joint venture of the Government of Botswana and De Beers, to execute the Jwaneng Cut 8 mining project in Botswana. After successfully completing the feasibility study for Debswana earlier in 2009, Fluor was awarded [...]

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Oil Price recorded biggest drop in a period of 17 years

Ben Bernake, Federal Reserve Chairman, stated that the U.S. economy is facing “significant” risks to growth, while the Organization of Petroleum Exporting Countries lowered its forecast for world oil-demand growth for 2008 and 2009. in apart chances John Kilduff, an analyst at futures brokerage MF Global, said “Signs of economic contraction and financial-market malaise are [...]