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Random News from Mining Top News

Stephens Invests In Directional Drilling Company

Stephens Inc.’s private equity firm will make a majority equity investment in an independent directional drilling company and provide subordinated debt financing, the company announced Tuesday.
Terms of the deal between Little Rock-based The Stephens Group LLC and Multi-Shot LLC were not disclosed.
This is Stephens’ third major capital investment in an oil and gas-related company. In [...]

Tag: top directional drilling companies, multi shot directional drilling, multi shot directional drilling company

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 [...]

BP acquires another wind company

BP Alternative Energy announced the acquisition of Orion Energy, LLC., increasing its renewable capacity and position in the wind industry.
With the newly acquired generating capacity, the BP subsidiary based in Texas will increase its North American wind portfolio and gain the opportunity to develop almost 100 projects with a total potential generating capacity of about [...]

Nass Valley Gateway signs agreement to acquire three gold prospects, Kirkland Lake Mining Camp, Ontario, Canada

NASS VALLEY GATEWAY LTD., announce the signing of an Acquisition Agreement with Golden Dawn Minerals Inc. (GOM), which gives the Company an option to acquire an 80% Joint Venture interest in three gold prospects within the Larder Lake Mining Division of the Province of Ontario, Canada.
The three properties, Central Catharine, Link-Catharine, and the 80-Foot-Fall property [...]

Tag: nass valley, nass inc properties, mining in the nass valley, nass valley gateway, nass valley gateway ltd

Victory Energy Evaluates Horizontal Drilling Technology for Gas Wells

Victory Energy Corporation (OTC BB:VYEY.OB) announced today it has engaged consultants, industry experts in horizontal drilling technology, for the Canyon Sandstone formation. The horizontal drilling evaluation is for the Corporation’s gas play in the Texas Permian Basin.
The consultants are optimistic that horizontal drilling can be successfully adopted for the Canyon Sandstone formation due to the [...]

Tag: victory gas news

Australia’s Trade Gap Narrows on Beef, Coal Exports

Australia’s trade deficit narrowed in November on increased beef and coal shipments, signaling exports may drive growth in the Asia-Pacific region’s fifth- largest economy.
The trade shortfall narrowed to A$843 million ($657 million) from A$1.51 billion in October, the Bureau of Statistics said in Sydney today. The median estimate in a Bloomberg News survey of 19 [...]

Australian iron ore miner Mt Gibson bids for Aztec

Australian iron ore miner Mount Gibson Ltd. launched a scrip takeover offer on Monday for fellow miner Aztec Resources Ltd. , valuing Aztec at about A$200 million ($150 million).
Mount Gibson said a successful takeover would create an independent iron ore company with the potential to produce 9.5 million tonnes a year of hematite ore from [...]

LDH Energy Purchases West Virginia Coal Dock

Louis Dreyfus Highbridge Energy LLC (LDH Energy), announced today that one of its operating subsidiaries, LDH Energy Cyrus River Terminal LLC, has purchased the Big Sandy River Dock – a coal facility in Kenova, West Virginia – from Kanawha River Terminals LLC.
“This facility will provide LDH Energy with a merchant platform to connect coal consumers [...]

China’s Jinchuan to conduct study on MacroAsia’s mine

China’s Jinchuan Group Ltd. said Monday it has fielded mining experts to Brookes Point in Palawan to study MacroAsia Corp.’s nickel mine site.
The diligence resulted from an agreement forged in a meeting between Jinchuan chairman and CEO Li Yong-Jun and business tycoon Lucio Tan that focused on the possibility of mutual cooperation between Jinchuan Group [...]

Titan Oil and Gas, Inc.: Final Process Underway to Bring Eberle #1 Gas Well On-Line

Titan Oil and Gas, Inc. is pleased to announce the commencement of the final phase to bring its Eberle #1 gas well in Bastrop County, Texas, on-line, with a rig on its way to the site. With the successful conclusion of operations on the Eberle #1, preparations will be made to undertake development of an [...]