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Random News from Mining Top News

Duke Buying Renewable Energy Company Catamount

Duke Energy Corp. will buy privately held Catamount Energy Corp. for $240 million, plus assumed debt, to bolster its wind energy generation capability.
Duke bought the Rutland, Vt.-based renewable energy company from private-equity firm Diamond Castle Holdings LLC.
Catamount currently operates facilities providing 300 megawatts of renewable energy.
In May 2007, Duke bought Austin, Texas-based Tierra Energy, which [...]

Tag: catamount renewable, duke catamount

Empyrean Energy Drilling Ahead at Sugarloaf Prospect

Empyrean Energy reports that the Sugarloaf-1 exploration well, located in the onshore Gulf Coast Basin in Texas, USA, was drilling ahead in 17-1/2″ hole at 3,289 feet (1,003 meters).
Since the last report advising the spud of the well, 18-5/8″ casing was successfully set at 910 feet (277 meters).
The Sugarloaf well has a number of geologically [...]

Freeport Advances towards Feasibility at Hutton Garnet Beaches

Freeport Resources Inc., a junior mineral exploration company listed on the TSX Venture Exchange is advancing towards the feasibility study stage at its high grade Hutton Garnet Beaches project in Labrador, Canada. Permitting is in process for the 2009 bulk sample, and several governmental meetings were held in Newfoundland and Labrador last month to explain [...]

Tag: hutton garnet, hutton beach vanadium, garnet beaches, garnet industry 2009, vanadium juniors

Adnoc’s E-Plus hits the pumps

Adnoc Distribution is to begin selling its new E-plus fuel today at all Adnoc service stations across the UAE, reported Gulf News. The company claims the Octane 91 fuel, which sells at Dhs5.75 per gallon, will be cheaper and environmentally friendly. But doubts have been cast by motorists and some experts upon the detrimental effects [...]

Tag: adnoc e, e plus octane, e plus adnoc fuel, adnoc pumps, eplus gulf news

China Gengsheng Minerals, Inc. Announces a 5-Year Sales Contract for Fine Precision Abrasives

China Gengsheng Minerals, Inc., a materials technology company in China with products capable of withstanding high temperature, saving energy and boosting productivity in certain industries such as steel and oil, today announced that it has signed its first sales contract for its fine precision abrasive products with a Taiwan-based vendor. The term of the contract [...]

Fronteer Options Out New Turkish Gold Property

Fronteer Development Group Inc. announce that it has signed an option agreement with Newmont Altin Madencilik Limited Sirketi, a subsidiary of Newmont Mining Corporation, to explore Yuntdag, a promising grass-roots gold property located in western Turkey and 100% owned by Fronteer.
Newmont may earn up to a 75% interest in Yuntdag by investing US$6.5 million over [...]

Tag: newmont fronteer, fronteer newmont, fronteer gold, turkey gold mining, fronteer mining stocks

Impact Minerals Announces Large Tenement Areas for Uranium Granted in Botswana

Impact Minerals announced it has been granted exploration licences covering about 20,000sqkm in eastern Botswana, specifically to explore for deposits of uranium, in an area adjacent to known near-surface deposits of uranium mineralisation. The licences cover about 350km of the strike extensions of rocks that host deposits and prospects near the town of Serule and [...]

Shandong Gold Mining to buy parent’s mines

Shandong Gold Mining has approved the sale of as many as 100 million yuan-denominated shares to buy five mines from its parent, Shandong Gold Mining Group.
The company, the second-largest listed miner of the metal in China, will sell the stock to ten investors, including its parent, which will buy at least half of the shares [...]

U Mining Resources, Inc. Has Received Offers Concerning Their Uranium Mining Claims in James Bay Region of Northern Quebec

U Mining Resources, Inc. announced that they have received multiple purchase offers from private companies for their uranium property in the James Bay region of Northern Quebec. U Mining Resources, Inc. had been in possession of this property for a long period of time and is currently assessing the board of directors’ official decision.
Currently, both [...]

Triton Announces Commencement of Q1 Drilling Program

Triton Energy Corp. is pleased to announce that the Corporation’s first quarter 2007 drilling program has commenced. A first quarter capital budget of $6.6 million includes the drilling of 7-9 operated wells located in the Sullivan Lake (92.5% WI), Bruce (100% WI before payout and 87.5% WI after payout) and Inland (100% WI) areas [...]