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Random News from Mining Top News

Touchstone Resources Ltd.: Drilling Update on Lodgepole Property in Montana

Touchstone Resources Ltd. announces an update to the previously announced drilling of the Evaline 1-18 twin well located in Valley County, Montana.
The well has been drilled and a completion rig is now on location and is set to drill a further 100 feet (approximately) as to reach the projected oil reservoir, however, due [...]

Kuwait to Spend $55 Billion on Petro Projects

A senior Kuwaiti oil official says his country plans to spend $55 billion on oil projects in the next five years.
Jamal al-Nouri, managing director for planning at state-owned Kuwait Petroleum Corp., says the money will be used for production, refineries, and building new tankers. He says some will also be spent on oil investments in [...]

Kolene Awarded Additional Aerospace Orders

Defying the area’s economic downturn, Kolene Corporation reported today it received more than $1.5 million in new equipment orders from aerospace companies. The orders include:
– Two automated systems for removing molybdenum disulfide lubricants from titanium fasteners used in military and commercial aircraft and other critical high performance applications. One system will be installed at Air [...]

American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska

American Mining Corporation announce that it has signed a binding letter of intent to enter into a joint venture with International Tower Hill Mines Ltd., in respect of ITH’s high grade Terra Gold Project in Alaska. Pursuant to the letter of intent, Terra Gold Corp. (“Terra”), an Alaskan subsidiary of AMC and Raven Gold Alaska [...]

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Silver/Precious Metals: A Sleeping Giant, Poised to Run

For private investors large and small, as well as institutions, precious metals are, and continue to be the safe haven for investors in turbulent financial and uncertain national and geo-political times. “Nationally and globally speaking, the markets have never been more ripe or primed for investors seeking a safe place for their money that supports [...]

FNX Mining Suspends Contact Nickel Production at Its Levack Mine

FNX Mining Company Inc. announced that, due to low commodity prices and low provisional metal accountabilities along with high operating costs at its Levack nickel contact deposits, the Company has suspended “commercial” production from that part of its Levack Complex.
However, mining from the Levack nickel deposits will continue during the fourth quarter to produce about [...]

Synergy Resources Corporation Announces New Drilling Permits

Synergy Resources Corporation, a development-stage oil and gas exploration and production company, today announced that the Colorado Oil and Gas Conservation Commission had granted seven (7) drilling permits for wells included in leases for which Synergy has the option to purchase. The permits, granted on October 9, 2008, are for the Meyer prospect in Greeley, [...]

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Nigeria: FG Approves N1 Billion Grant for Petroleum Varsity

Outgoing Education Minister Obiageli Ezekwesili today in Abuja said that the federal government had approved a take-off grant of N1 billion for the University of Petroleum Resources, Effurun, Delta.
Ezekwesili, who made this known at the inauguration of the governing council of the university, said the amount was to assist the institution in providing the necessary [...]

Tag: petroleum mining in nigeria

Tri-Star Holdings, Inc., Formerly Rapid Fitness, Inc., Announces Company Has Signed Purchase Agreement for ERHU Manufacturing Facility

TRI-STAR HOLDINGS, INC., formerly RAPID FITNESS, INC., a publicly traded company currently on the Over the Counter, announced the company has signed a purchase agreement for a new 4000 ft. warehouse facility for the manufacturing of ERHU, Inc. The facility, less than two miles from Tri-Star’s corporate headquarters, also has an additional office unit which [...]

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Paramount Gold and Silver Corp. Closes $9,000,000 Equity Financing

Paramount Gold and Silver Corp., has closed the previously announced non-brokered private placement of C$9,000,000 through the sale of 12,000,000 restricted units at C$0.75 per unit. Each unit is comprised of one common share and one share purchase warrant exercisable at a price of C$1.05 per share for a period of four years. The share [...]