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Random News from Mining Top News

Cancor Mines Inc. listing on the CNSX

Cancor Mines Inc. is pleased to announce that its common shares commenced trading on the Canadian National Stock Exchange at the open of the CNSX today, May 8, 2009, under the symbol “KCR”.
“CNSX is a stock exchange alternative to traditional stock exchange where high costs and large capitalization requirements are often barriers to trading in [...]

Pakistan to Reconsider Plan to Mine Afghan Border

Pakistan will reconsider a plan to mine areas of its border with Afghanistan to stop terrorists crossing the frontier, after Canada offered to help find alternative controls, Foreign Minister Khurshid Kasuri said.
Pakistan is “happy to receive suggestions,” Kasuri said after meeting Canadian Foreign Minister Peter MacKay yesterday in Islamabad, according to the official Associated Press [...]

Kentucky USA Energy, Inc. Announces Further Drilling Developments

Kentucky USA Energy, Inc., an early stage natural gas exploration and production company, announced today further drilling developments on the New Albany Shale drilling operation. After logging Francis Grace #1 well, the geophysical log confirms that the shale formation encountered in this well is comparable to wells evaluated in the original reserves study. The 4 [...]

Court Ordered Mediation May Have Increased Significance for ASARCO’s Reorganization Plan

ASARCO LLC attorneys announced today at a status conference with the U.S. Bankruptcy Court in Corpus Christi, TX that the Company’s plan sponsor, Sterlite (USA), Inc., has stated that it cannot and will not close the sale transaction under the parties’ existing purchase and sale agreement without a reduction in the $2.6 billion purchase price [...]

Toreador Announces Test of Upper Zone in Akcakoca-4 Well Results in Flow Rate of 18.9 Million Cubic Feet of Gas Per Day

Toreador Resources Corporation and its joint venture partners TPAO (the Turkish national oil company) and Stratic Energy Corporation today announced the successful test of the uppermost of three zones in the Akcakoca-4 well. The flow test resulted in a flow rate of approximately 18.9 million cubic feet of gas per day (MMCFD) with a flowing [...]

Recent Election Strengthens Democracy of Oil Rich Angola

The world witnessed a step towards a fundamental element of peace, stability and socio-economic development when Angolan citizens voted during the legislative poll held September 5, 2008. An Australian professional mining company CityView Corporation is rewarded for its foresight and now revels in a most enviable position.
Oil is the backbone of Angola’s economy and they [...]

Delta Oil & Gas Clarifies That Its Anticipated Offer to Acquire at Least 80% of the Shares of The Stallion Group on a Fully-Diluted Basis Has Not Commenced

Delta Oil & Gas, Inc. announced that it filed a registration statement on Form S-4 with the Securities and Exchange Commission on October 7, 2008 in order to register 27,168,832 of its common shares which will form part of the consideration being offered to shareholders of The Stallion Group in a proposed offer to [...]

Luiri Gold Limited: Drilling and Geochemistry Programme at the Luiri Hills Project, Zambia

Luiri Gold Limited announced that the 5,000m combined RC and Diamond core drilling programme at Dunrobin and Matala is now in progress with almost 1,000m having been completed. Drilling has been planned to expand the current resource estimates at both deposits, and to evaluate, over a distance of 4km, the New Matala Extension immediately west [...]

OPG Ontario Nanticoke 1 coal unit back in service

Ontario Power Generation’s 490-megawatt Unit 1 at the Nanticoke coal-fired power station in Ontario returned to service by early Monday, the Independent Electricity System Operator said in a report.
The province-owned generating company shut the unit by February 2.
The 3,920 MW Nanticoke station, which entered service between 1972 and 1978, is located on the north shore [...]

NIDC to purchase eight drilling rigs from China

National Iranian Drilling Company (NIDC) has concluded preliminary agreements with China over the purchase of eight drilling rigs from the country.
In its bid to make up for the shortages of the onshore drilling rigs, NIDC has conducted negotiations with China over the purchase of eight rigs, a report on Friday quoted the member of the [...]