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Random News from Mining Top News

Roc: Drilling Continues on Frankland-1

Roc Oil (WA) Pty Limited said that, as of 10 a.m. Australian Western Standard Time (AWST) on Tuesday, the Frankland-1 exploration well in WA-286-P offshore Perth Basin was drilling ahead at 2,090 meters.
Since the last drilling report (April 10), the well drilled to 1,720 meters where 244 mm casing was set prior to drilling on [...]

US Offshore Gulf Oil, Gas Lease Sale Reaps Record $3.7 Billion

The U.S. Interior Department’s Gulf of Mexico oil and gas lease sales on Wednesday reaped a record $3.7 billion – the highest amount ever in a U.S. government lease sale – as oil prices hovered above $100 a barrel, the Minerals Management Service said.
Flush with cash from record crude prices, short on reserves replacement ratios [...]

Democrats eye Big Oil profits as source of energy funding

House Democrats in the first weeks of the new Congress plan to establish a dedicated fund to promote renewable energy and conservation, using money from oil companies.
That’s only one legislative hit the oil industry is expected to take next year as a Congress run by Democrats is likely to show little sympathy to the cash-rich, [...]

SAIL, NINL to jointly bid for coal mines in Australia

In view of the increasing demand for coking coal, public sector behemoth SAIL will bid for coal mines in Australia jointly with Nilachal Ispat Nigam Limited (NINL) soon, Steel Minister Ram Vilas Paswan said today.
“SAIL and NINL would jointly bid for coal mines in Australia while in Canada and USA both these companies would bid [...]

Royal Gold, Inc. Announces Penasquito Royalty Acquisition

Royal Gold, Inc. announces the following Webcast:
What: Royal Gold, Inc.’s Penasquito Royalty Acquisition
When: January 3, 2007 @ 12:00 p.m. Eastern
Where: http://www.videonewswire.com/event.asp?id=37173
How: Live over [...]

Uranium Energy Corp Completes Filing of Final Permit Applications for the Goliad ISR Project in South Texas

Uranium Energy Corp announce that the Company has filed all permit applications for In-Situ Recovery of uranium at the Company’s flagship Goliad Project in South Texas. On December 1, Uranium Energy filed a Radioactive Material License Application (RMLA) and a Permit by Rule Application (PBRA) with the Texas Commission on Environmental Quality (TCEQ), the final [...]

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Airlines Boost Fuel Surcharges

Several airlines raised fuel surcharges again, trying to offset the relentless upward march of crude oil prices.
American Airlines added $20 per roundtrip on many routes. Virgin America tagged an extra $25 onto its long-haul fares.
In Europe, Air France-KLM added surcharges of up to $31, and Germany’s Lufthansa raised its fuel charge by almost $16 on [...]

TXU may be sued over plans for coal plant

Dallas-based TXU faces a possible lawsuit over its plans for a coal-burning power plant in Central Texas ”“ a lawsuit financed by a Dallas oilman and developer with ties to top GOP officeholders and Texas environmentalists.
Albert Huddleston, a major campaign donor to President Bush and Gov. Rick Perry, is also a partner with musician [...]

Everton Starts Drilling on Fresso Concession, Dominican Republic

Everton Resources Inc. announce the start of a 1,500 metre diamond drill program on the 66-km2 Fresso concession, located in northwestern Dominican Republic. The 5 to 10-hole drill program is designed to test coinciding induced polarization (IP) and geochemical anomalies. Everton has the option to acquire a 100% interest in the Fresso concession over a [...]

Tag: mining equipment dominican republic, dominican republic uranium

Infinity Enters Into Third Forbearance Agreement With Amegy Bank, N.A.

Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, today announced that it has entered into a Third Forbearance Agreement (“the Agreement”) dated October 16, 2008 with Amegy Bank, N.A. (“Amegy”) under the Loan Agreement dated January 9, 2007, as amended and supplemented (the “Loan Agreement”).
“We are very pleased that Amegy [...]

Tag: equipment forbearance agreement