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Random News from Mining Top News

Mining company hopes to set up rare earth mine in NT

A Northern Territory mining company hopes to have a rare earth mine up and running within five years.
The rare element is a key ingredient for new technology including computer screens, rechargeable batteries and environmentally-friendly hybrid vehicles.

EU Approves Norilsk Nickel to Buy OM Group’s Nickel Assets for $408 Million

The European Commission on Tuesday approved Russian mining giant OAO Norilsk Nickel to buy Cleveland-based OM Group Inc.’s nickel assets for US$408 million (euro318 million) in cash.
Norilsk Nickel is the world’s biggest nickel producer but EU regulators said the takeover would not significantly impede competition in Europe.
“The Commission concluded that the proposed transaction would not [...]

Veraz Petroleum announces partner on Block 126 and funding of commitments for next phase of exploration

Veraz Petroleum Ltd. announce that it has partnered with Petrominerales Ltd., a 76% owned subsidiary of Petrobank Energy and Resources Ltd., a Colombian based exploration and development company to jointly explore the concession on which Veraz is currently conducting activities in the Ucayali Basin of east central Peru (“Block 126″).
Under the transaction, Petrominerales will pay [...]

Tag: cdn veraz, veraz petroleum, oil peru block 126, block 126 ucayali basin peru, petroleos lim

Rupert Resources Ltd.: Drilling Resumes at Gold Centre

Rupert Resources (TSX VENTURE:RUP – News) is pleased to announce that drilling has resumed on the Gold Centre property in Red Lake Ontario following a four week summer break.
The third daughter hole was completed prior to the break at a depth of 2,737 metres and the last 135 metres encountered Balmer Volcanic Assemblage. Assay results [...]

N150bn Petroleum Support Fund Depleted

THE N150 billion set aside this year by the Federal Government as take-off fund for the Petroleum Support Fund (PSF) to subsidise the cost of imported fuel and provide succour for the consuming public has been depleted on account of the unusual high cost of crude oil and petroleum products in the international market since [...]

Nine Korean oil workers abducted in Nigeria

Militants have kidnapped nine South Korean oil workers and one local worker in the Niger Delta region of southern Nigeria, bringing the total number of foreigners currently held hostage there to 18.
The latest attack came barely five days after the abduction of five Chinese telecoms workers and a month after the kidnapping of three Italians [...]

POSCO agrees sharp Australian coal price hike

South Korean steelmaker POSCO said on Monday it has agreed to a sharp rise in coal prices with an Australian miner for fiscal year 2008.
POSCO, the world’s fourth-largest steelmaker, had agreed on a 205 percent to 210 percent hike in coking coal prices with the Australian supplier from April 1, a company spokeswoman said.
Earlier in [...]

Tag: coking coal price chart november 2009, australia coal and coke daily price

Texas Utility Admits Coal Plants Will Increase Some Pollutants

In a state that already houses some of the nation’s dirtiest utilities, environmentalists say a plan to build eleven new coal-fired power plants will keep Texas residents “gasping for clean air.”
Despite widespread and growing opposition, the project, proposed by TXU, the state’s largest utility company, has the outspoken support of Governor Rick Perry.
TXU says [...]

enXco Closes Financing of Minnesota’s Largest Wind Farm, with Union Bank of California and GE Energy Financial Services

enXco, Inc. announced today that it has closed on the project financing for Minnesota’s largest wind farm, the $385 million Fenton Wind Energy Project under construction in Murray and Nobles Counties, Minnesota, with its financial partners Union Bank of California and GE Energy Financial Services.
The project pushes the total US wind energy development portfolio for [...]

Sea Dragon Energy Inc.’s IPO as announced by Mogul Energy

Mogul Energy International, Inc was notified about Sea Dragon Energy Inc Initial public offering of common shares on the TSX Venture Exchange, on July 15, 2008, raising gross proceeds of CAD $35,000,000 at $0.60 per share closing.
4 million common shares of Sea Dragon is owned by Mogul through its April 24th, 2008 Agreement of [...]

Tag: ipo mogul, sea dragon energy, mogul energy, sea dragon energy company naeem, mogul mining shares