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Random News from Mining Top News

SvitGOLD Announces Work Program Commencement on Beregovo and Kvasovo

SvitGOLD announces the commencement of Phase 1 of its exploration and development activities on the Beregovo and Kvasovo deposits.
The work program includes detailed ground magnetic and gravity surveys (50×5m), air photo and satellite image interpretation, deposit modeling and confirmatory/check drilling, as well as drilling to confirm the geological structure.
SvitGOLD is a mineral resource company with [...]

Crude Supply Drop Surprises Analysts

Crude-oil inventories dropped last week for the third straight period, down by 4.8 million barrels to 306.8 million barrels — 11.8 percent below year-ago levels, the Energy Department’s Energy Information Administration said in its weekly report.
Analysts expected a gain of 2.7 million barrels, according to a survey by Platts, the energy research arm of McGraw-Hill [...]

Challenger sells Northern Gas interests

Takeover target Challenger Infrastructure Fund (CIF) will book a profit of about $26 million from the sale of its interest in Britain’s Northern Gas Networks Ltd (NGN) to RREEF Alternative Investments.
RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank, bought CIF’s 5.8 per cent stake in NGN for STG 48.8 million ($A105.1 [...]

Yukon copper/gold project proposal passes next stage

Western Copper (TSX: WRN) has received formal notification from the Yukon Environmental and Socioeconomic Assessment Board that its proposal for the Carmacks copper/gold project has been deemed adequate and that screening of the Proposal will commence pursuant to the Yukon Environmental and Socioeconomic Assessment Act (YESAA). Western also notes that the technical review of the [...]

Tag: stages of project proposal

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

Gulf Resources, Inc., a leading manufacturer of bromine, crude salt and specialty chemical products in the People’s Republic of China, today announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has signed an agreement with three individual residents of the People’s Republic of China, Fenqiu Yuan, Han Wang and Yufen [...]

Tag: top 10 us salt producers

Denison Awarded Care and Maintenance Contract at the Faro Mine Complex, Yukon

Denison Mines Corp. announced that Denison Environmental Services (“DES”), a division of Denison Mines Inc., a wholly owned subsidiary of the Company, has been awarded a contract for care and maintenance at the Faro Mine Complex in the Yukon.
The three year, $7.2 million per annum contract has been awarded following a six-month competitive public tender [...]

Williams Coal Seam Gas Royalty Trust Announces Quarterly Cash Distribution

U.S. Trust, as trustee of Williams Coal Seam Gas Royalty Trust, announced a quarterly cash distribution to the holders of its units of beneficial interest of $0.349784 per unit, payable August 29, 2008 to unitholders of record on August 14, 2008.
The Trust owns net profits interests in certain proved coal seam gas properties owned by [...]

Further Supplementary Information Memorandum Lodged for Waratah’s ASX Listing

Waratah Coal Inc. advises that a further (fifth) Supplementary Information Memorandum dated November 7, 2008 has been lodged as part of its Listing Application to the Australian Stock Exchange Limited (“ASX”) and can be viewed on the Company’s website www.waratahcoal.com or on www.sedar.com.
The additional disclosure summarises the Company’s announcement of an Exploration Target in the [...]

Tag: power plant technology dakota coal gasification

EnDevCo Announces 2nd Horizontal Well at Short Junction Field

EnDevCo, Inc., the Energy Development Company, announced today that preparations for the 2nd horizontal well at Short Junction Field have been completed. The drilling site for the upcoming WSJU #111 StH well has been prepared and is ready to accept the rig.
“There are multiple processes involved in preparing for a new well,” stated Chris A. [...]

Oil prices hit all-time high above $115 a barrel

Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones [...]