Arabian American Development Co. announced that its subsidiary, South Hampton Resources, Inc., has signed a new contract with LyondellBasell Industries (LBI), an existing customer, which is estimated at $11 to $15 million per year over the term of the contract running from August 1, 2009 through April 30, 2012 with continuation year to year thereafter. Estimated annual volume of the contract is approximately...
North Bay Resources Inc. announce that it has finalized and signed a contract with Hidalgo Mining International Inc. to engage in a joint-venture for the development of North Bay’s Silver Leaf Property. Terms of the agreement call for Hidalgo to commit up to $1.25 million US over three years for developmental drilling and surface ore recovery. North Bay and Hidalgo will each own 50% of the Silver...
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced today that it has finalized and signed a contract with North Bay Resources Inc. to engage in a joint-venture for the development of North Bay’s Silver Leaf Property. With the signing of the Agreement, Hidalgo now has a 50% undivided interest in the Silver Leaf Property and will equally...
Arabian American Development Co. provided an update on the effects of Hurricane Ike to its operations. The Company announced that it had sustained no material damage from the hurricane winds or flooding, power has been restored and it has restarted the manufacturing process effective September 17, 2008 at its South Hampton Resource facility. South Hampton Resources, which owns and operates a specialty...
Quest Minerals & Mining Corp., a Kentucky-based operator of energy and mineral related properties, confirmed today that it has thoroughly overhauled the existing infrastructure and mining equipment at its pond creek mine location in order to gear up for major production. Everett Hampton, President of Whitestar Mining, LLC, commented, “For the past 10 days, we have refurbished and modified...
Quest Minerals & Mining Corp., a Kentucky-based operator of energy and mineral related properties, announced today that in addition to supplying their mine with various transportation components, the Company plans to split their beltline so that it is powered by two head drives instead of just one. Everett Hampton, President of Whitestar Mining, LLC, commented, “We have now moved our second...
Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, announced today that it has added a JOY (64” Bed) 21SC shuttle car to its underground operations. Everett Hampton, President of Whitestar Mining, LLC., commented, “This second shuttle car will help increase our production immensely, as it cuts down the time needed to move coal from the...
Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, is very pleased to announce that it has reached the point in their operations where they can now move forward into full production mode. Everett Hampton, President of Whitestar Mining, LLC., commented, “We have turned the corner and have run the last three shifts with great success. Until yesterday,...
Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, announced today that it has purchased the necessary materials to replace and upgrade their existing 36“ beltline to a larger 42” beltline. Everett Hampton, President of Whitestar Mining, LLC. commented, “The larger conveyer system is a key improvement as it will essentially allow...
Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, is very pleased to announce that its contract mining group, Whitestar Mining, LLC., is in the process of taking the initial steps necessary to open the Cedar Grove mines. Representatives from both Quest and Whitestar plan to convene over the weekend to finalize all terms of the mining agreement. Whitestar...