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Random News from Mining Top News

Increasing Application of Submersible Pumps in the Water and Wastewater Industry Ensuring Growth

Research and Markets has announced the addition of Frost & Sullivan’s new report “North American Submersible Pump Markets” to their offering.
Municipal water and wastewater applications are helping sustain the growth of the North American submersible pumps market. The municipal wastewater treatment sector has been witnessing tremendous growth and as the population continues to grow, the [...]

Canadian-Owned Gold Mine in Suriname Shuts Down Temporarily From Damage Caused by Strikers

The Canadian-owned Rosebel gold mine in Suriname has been temporarily shut down after striking workers allegedly flooded part of the plant, welded shut some gates and doors, and damaged 17 all-terrain vehicles, a company official said Thursday.
A number of workers began the strike one week ago at the mine, located about 60 miles south of [...]

Eni in Libya Deal

Italian gas company Eni signed new gas and oil contracts with Libya that run until 2047.
The six exploration and production sharing contracts with the Libyan state-owned National Oil Company will help Eni increase production in Libya and ensure greater energy security for Italy, Eni said in a statement.
The new oil contract expires in 2042 [...]

Explorer backs preferred site for iron ore port

A minerals explorer in the Pilbara, in north-west Western Australia, says it is happy with the State Government’s preferred site for a new iron ore port.
Aurox Resources has a potential iron ore and vanadium project near Ronsard Island, the site announced last week as the best place for a new multi-user port.
Charles Schaus is the [...]

ArcelorMittal takes stake in Maccarthur Coal

ArcelorMittal, the world’s biggest steelmaker, said on Wednesday it had taken a 14.9-percent stake in Maccarthur Coal of Australia for 604.8 million dollars (384 million euros).
The acquisition was made through stock market transactions between April 24 and May 21.
Maccarthur Coal specialises in the production of pulverised coal used in the manufacture of steel.
The company’s saleable [...]

Western Standard Energy Corp. Acquires Package of North Dakota State Oil & Gas Leases

Western Standard Energy Corp., an oil and gas exploration company, announced that it has entered into an agreement with East Dickinson Oil and Gas Co. to acquire a package of ten State of North Dakota oil & gas exploration leases in and around Dickinson, North Dakota. Western Standard has also acquired one State of North [...]

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Enbridge Reports on Minn. Explosion

Enbridge Energy said an explosion in November that killed two workers in northwestern Minnesota happened after oil mist escaped from a coupling and was ignited by a heater.
Enbridge did its own investigation after the Nov. 28 blast. A federal investigation is not yet finished.
Enbridge said an exposed pipeline was not anchored properly. When it was [...]

GeoGlobal Resources Inc to host Annual Meeting Through Webcast

The company has reported that the company announced its annual meeting of stockholders can be accessed through an Internet webcast. The annual meeting is scheduled to be held at the Calgary Petroleum Club in the Viking Room, 319 – 5 Avenue SW, Calgary, Alberta T2P 0L5, on Tuesday, the 29th of July, 2008 commencing at [...]

Provident’s Review of Strategic Alternatives for its Interests in BreitBurn Entities

BreitBurn Energy Partners L.P has recently reported that that members of its senior management, in their individual capacity, together with Metalmark Capital Partners and Greenhill Capital Partners, have entered into a purchase and sale agreement with Provident Energy Trust (“Provident”) to acquire Provident’s indirect ownership of a 96.017% interest in BreitBurn Energy Company LP (“BEC”). [...]

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Gold miner Newmont’s quarterly profit soars

Newmont Mining Corp., the world’s second-largest gold producer, said on Thursday that fourth-quarter profit more than tripled on much higher gold prices.
Net earnings were $223 million, or 49 cents per share, compared with $62 million, or 14 cents per share, a year earlier, the Denver-based mining company said.