No posts found. Try a different search?

Random News from Mining Top News

Mechel OAO Announces the Commissioning of Its New Mining and Processing Plant at the Voskhod Chrome Ore Deposit

Today, the President of the Russian Federation, Dmitry Medvedev, and the President of the Republic of Kazakhstan, Nursultan Nazarbayev, officially opened Mechel’s mining and processing plant at the Voskhod chrome ore deposit in the Aktyubinsk Region, Kazakhstan. The official opening ceremony took place during the exhibition held as part of a Forum for the leaders [...]

Tag: phosphate mines in kazakhstan, chromium industry plant mindanao, aktyubinsk estate

Bangchak Petroleum loses Bt1.5 bn in Q3

Bangchak Petroleum yesterday posted a huge net loss of Bt1.54 billion for the third quarter, due mainly to a change in the method the company uses to account for its inventory costs.
It posted a net profit of about Bt1.1 billion in the corresponding period last year.
However, its consolidated earnings for the quarter recorded a net [...]

Kansai secures future development of Migori Gold Project in Kenya

Kansai Mining Corporation announces an arrangement that will allow the further exploration and development of the Migori Gold Project in S. W. Kenya. It has reached an agreement with Anglo-African Minerals PLC “AAM”, presently a private company whereby they acquire a 75% shareholding in Mid Migori Mining Limited in exchange for a combination of cash [...]

Tag: kansai mining corporation, mid migori mining, migori gold project, kansai mining corporation limited, compa ia minera adamantine

Kodiak Energy, Inc. Subsidary Cougar Energy Inc., Enters Strategic Alliance for Long Term Financing

Kodiak Energy, Inc. majority controlled subsidiary, Cougar Energy, Inc., Is pleased to announce that it has concluded a strategic long term financing agreement with a Swiss Private Equity Fund focused on the Energy Sector to develop its CREEnergy Joint Venture and other properties located in Western Canada.
Key components of the Cougar financing package include:
1. $1,500,000 [...]

G & S Minerals Announces Management Changes

G & S Minerals, Inc. dba Gold & Silver Minerals, a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, today announced several management changes made in connection with the scheduled closing of the milestone Strategic Cross Investment and Gold Field Development Agreement with Mayan Gold, Inc.
With the Company’s appreciation for [...]

Addax Petroleum announces acquisition in Kurdistan region of Iraq

Addax Petroleum Corporation announces that it has acquired a 33.33 per cent interest in the Sangaw North Production Sharing Contract. The Sangaw North license area is operated by Sterling Energy plc and is located approximately 80 kilometers southeast of the Corporation’s Taq Taq field.
Commenting today, Addax Petroleum’s President and Chief Executive Officer, Jean Claude Gandur, [...]

Tag: kurdistan mining, kurdistan copper mining, sangaw north oil field

Security specialist assists African mines

South African company Group 4 Securicor (G4S) is fast becoming the mining industry’s service provider of choice for integrated security solutions on the African continent, the firm reports. In South Africa, G4S is one of the country’s leading providers ofsecurity solutions to all categories of mines, with equally substantial operations on mines in Angola, Ghana, [...]

Tag: manned security operation management in gold mine exploration

Lehman Survey Says E&P Spending Up

A Lehman Brothers survey of 398 companies finds spending for oil and gas exploration and production this year will increase 20 percent worldwide to $418 billion from $349 billion in 2007.
Among the key findings: substantial acceleration in North American planned spending. Expenditures are expected to rise 15 percent in the U.S., to $98 billion, and [...]

Tag: the original e p spending survey lehman bros, original e p spending survey 2010 2013, lehman brothers e p survey, lehman brothers e p technology survey, lehman brothers e p spending survey

Halliburton 2nd-Qtr Profit Likely Rose on U.S., Canada Drilling

Halliburton Co., the world’s No. 2 oilfield-services company, likely will report an increase in second-quarter profit after customers spent more on drilling in North America.
The Houston-based company may say profit rose to 49 cents a share, according to the average estimate from 23 analysts in a Thomson Financial survey. That’s 29 percent higher than the [...]

Bronco Drilling 4Q Profit More Than Doubles on Higher Revenue, More Operating Rigs

Bronco Drilling Co. said Thursday that its fourth-quarter profit more than doubled on sharply higher revenue and an increase in the number of operating rigs available.
Quarterly net income surged to $16.4 million, or 66 cents per share, from $6.8 million, or 31 cents per share, in the prior-year period.
Excluding a one-time charge related to [...]