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Random News from Mining Top News

Anhui natural gas deal propels China Oil stock

Shares of China Oil and Gas Group (0603) surged as much as 50 percent Friday after it announced it has agreed to buy Vast China Group, which has won approval to invest in, construct and operate a natural gas station in Maanshan, Anhui province.
The company said it agreed to buy the entire stake in Vast [...]

Jaguar signs letter of intent with Glencore and Constellation Copper on proposed restructuring

Jaguar Financial Corporation announced that it has entered into a non-binding letter of intent with Glencore International AG and Constellation Copper Corporation for the purpose of carrying out a proposed restructuring of Constellation as disclosed by Constellation in its press release dated September 3, 2008.
Under the Proposed Restructuring, Glencore and Jaguar will invest $10,000,000 [...]

Certification for gas drilling offered

Arkansas State University-Searcy, a technical campus of ASU-Beebe, will hold an Energy Training Council (E.T.C.) Safety Training course on Aug. 12. This course is designed for people interested in working for the Gas Drilling Industry.
The class will be offered from 8 a.m. to 7:30 p.m. Tuition is $100, which includes materials. This is a ten-hour [...]

Mano River Resources has gold, diamonds and iron ore at low cost

Mano River Resources is developing gold and diamonds projects in West Africa and also has its eyes on a promising iron ore prospect in the same region.
The company is listed on the TSX-V and AIM exchanges (ticker symbols MON and MANA respectively. The stock is well distributed with 40% owned by institutions and 15% in [...]

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Pluris Energy Acquiring Cerro Negro Concession

Pluris Energy Group Inc. is pleased to announce that on July 4, 2008, the Company’s wholly owned Argentine subsidiary, Pluris Sarmiento Petroleo SA executed a definitive Purchase and Sale Agreement (the “Agreement”) with Clear S.R.L. of Comodoro Rivadavia, Argentina (“Clear”) to purchase a 75% operating interest in the Cerro Negro concession, Chubut Province, Argentina.
The Agreement [...]

SyncWave Energy Inc. Cuts the Cost of Ocean Wave Energy to Compete With Wind Power and “Clean Coal” Generation

SyncWave Energy Inc. (SEI) announces SyncWave Power Resonator, a radically new approach to capturing the energy in Ocean Waves with frequency-based technology. SyncWave is a free-floating, self-reacting point-absorber system that is expected to dramatically improve the economics of wave energy. The energy and climate change dilemma has highlighted the costs and impacts of conventional non-renewable [...]

New Cargill unit developing 4 ethanol plants

A new Cargill Inc. subsidiary announced plans Monday to build four ethanol plants in the Midwest, each with an annual capacity of 100 million gallons.
The plants will almost triple the ethanol production capacity Cargill directly owns, Cargill spokesman Bill Brady said. Combined with service agreements Cargill has with independently owned ethanol plants, they’ll give Cargill [...]

Uranium converted for power plant use

A milestone has been reached in the campaign to reduce the stockpile of weapons-grade uranium left over from the Cold War . Two private companies announced yesterday that they have finished converting 50 metric tons of weapons-suitable highly-enriched uranium to uranium that can be used by power plants, but not in weapons. The conversion, by [...]

ATP to Sell Offshore Stakes

ATP Oil & Gas Corp. plans to sell part of its stake in offshore oil production sites in the Gulf of Mexico and the North Sea. The sale covers a number of holdings that combined account for about 80 percent of ATP’s total proved and probable reserves.
The energy production company hired Scotia Waterous (USA) Inc. [...]

Golden Star Announces Wassa Mill 2 Repairs Complete

Golden Star Resources Ltd. announce that the pinion gear assembly on Wassa’s Mill 2 ball mill that experienced mechanical failure in late August has been repaired and the Mill has been recommissioned. Testing of Mill 2 commenced ahead of schedule on October 20, 2008 and ore feed began on October 21, 2008. The Mill is [...]