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Random News from Mining Top News

Thring Creek Project

Highlights
· Thor completed 50 RAB holes for 1433m covering nine aeromagnetic targets;
· Drilling intersected a combination of magnetic rocks with low metal values, no magnetite Skarns were detected by the RAB program.
Thring Creek Project – Exploration Summary
Thring Creek is located about 24km east of the Molyhil Project. The area is generally flat, but is dissected [...]

National Coal’s loss widens

Higher costs and a weak pricing environment resulted in widening fourth-quarter losses for National Coal Corp.
The Knoxville-based company on Friday reported that net losses more than doubled in the quarter to $7.8 million, on revenues of $21.5 million. In the same period last year, the company had losses of $3.2 million on revenues of $20.2 [...]

Williston firm acquiring two private oil and gas companies

The president of GeoResources Inc., says the oil exploration and production company’s merger with two private oil and gas companies will mean access to the Rocky Mountains and the Gulf Coast, as well as the Williston Basin.
GeoResources, Inc., has announced plans to buy Southern Bay Oil & Gas, L.P. of Houston, and Chandler Energy, LLC, [...]

Emeco bid to raise $1bn for expansion

A MINING equipment and earthmoving group will add to a gorge of big-dollar market floats when it releases a prospectus today.
It is understood that Perth-based Emeco, which has been expanding rapidly on the back of the resources boom, will seek almost $1 billion in the raising to be used for growth.
The float comes after the [...]

Noble Energy Makes Discovery Off Equitorial Guinea

Energy company Noble Energy Inc. said Monday it discovered oil at one of its blocks off the coast of Equitorial Guinea.
The company said the Block I find — which was drilled to 10,460 feet — yielded about 1,038 barrels per day of hydrocarbon liquids in production tests and 34.3 million cubic feet per day of [...]

China offers Zambia deal to grow copper industry

Chinese President Hu Jintao on Saturday offered copper-rich Zambia a multimillion dollar investment package aimed at boosting ties with a longtime African ally.
Facing mounting accusations of Chinese exploitation of African labor and resources — an issue during last year’s Zambian presidential elections — Hu stressed that Beijing was motivated by partnership rather than purely profit.
“China [...]

INCREASES OWNERSHIP TO 90% OF THE BAN PHUC NICKEL PROJECT, VIETNAM

Asian Mineral Resources Limited (TSXV:ASN) announces that it has acquired an additional 20% project ownership in the Ban Phuc Nickel Project (”Project”), Vietnam for US$2.5 million. The 20% interest acquisition from founding joint venture partner, Mineral Development Company, was made in accordance with the terms of the July 12, 2005 definitive Purchase Agreement, thereby increasing [...]

Altius Signs Exploration and Royalty Agreement on Labrador Iron Ore Properties With Kennecott

Altius reports that it has signed an iron ore exploration and royalty agreement with Kennecott Canada Exploration Inc., a member of the Rio Tinto Group of companies.
KCEI may earn a 51% interest in eight exploration licences owned by Altius that are located throughout the western Labrador iron ore mining district by reimbursing Altius for its [...]

Tag: rhodium mining stocks

Quest Resource Corporation Hires Thomas A. Lopus as Executive Vice President of Eastern Operations

Quest Resource Corporation announced the appointment of Thomas A. Lopus as Executive Vice President – Quest Eastern Resource. Lopus will be based in Pittsburgh, Pennsylvania and will direct all of Quest’s natural gas and oil exploration and production activity in the Eastern United States.
With more than 27 years of experience in the oil and [...]

Jinchuan Purports to Terminate Purchase of Tiomin Kenya

Tiomin Resources Inc. reports that Jinchuan Group Limited (‘Jinchuan’) of China, purports to have terminated the Investment Agreement to purchase 70% of Tiomin Kenya Limited (‘TKL’) and the Kwale project. Tiomin seeks clarification from Jinchuan concerning its notice of intent to terminate the transaction, which was scheduled to close on October 29, 2009.
Bob Jackson, CEO, [...]

Tag: jinchuan tiomin kenya, jinchuan resource, jinchuan investment, tiomin kenya, kenya mining news