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Random News from Mining Top News

Uranium International Corp. Receives a NI 43-101 Resource Calculation From Dalton Pass, New Mexico Property

Uranium International Corp. Receives a NI 43-101 Resource Calculation From Dalton Pass, New Mexico Property

The Board of Directors of Uranium International Corp. has received from M. Hassan Alief, M.Sc., CPG, of Alinco GeoServices Inc., a National Instrument 43-101 compliant technical report outlining the uranium mineral resource estimate for its Dalton Pass property.
The Dalton Pass Property (32 claims; 640 acres) evaluated in this technical report consists of thirty-six unpatented mining [...]

August 28th, 2008 - Posted in Precious Metal

Mechel Announces Commissioning of Gas Cleaning System at Its Otelu Rosu Facility in Romania

Mechel Announces Commissioning of Gas Cleaning System at Its Otelu Rosu Facility in Romania

Mechel OAO, one of the leading Russian mining and metals companies, announces it is launching a gas cleaning system in the arc furnace shop of its Otelu Rosu facility at Ductil Steel, a Romanian company acquired by Mechel in April 2008.
Commissioning of the gas cleaning system was timed with the celebration of Metallurgist Day in [...]

August 28th, 2008 - Posted in Oil and Gas

Paramount Gold and Silver Corp. Acquires 100% of the San Miguel Project

Paramount Gold and Silver Corp. Acquires 100% of the San Miguel Project

Paramount Gold and Silver Corp. has signed an agreement to acquire 100% of its San Miguel project in Chihuahua, Mexico. Paramount Gold and Silver Corp. (Paramount) will purchase the remaining 30% of the San Miguel project from Tara Gold Resources Corp. for all stock consideration of 7.35 million restricted common shares of Paramount. The transaction [...]

August 28th, 2008 - Posted in Precious Metal

Tri-Star Holdings, Inc., Formerly Rapid Fitness, Inc., Announces Mineral Rights Division, Reomt LLC In Discussions to Expand Holdings Globally

Tri-Star Holdings, Inc., Formerly Rapid Fitness, Inc., Announces Mineral Rights Division, Reomt LLC In Discussions to Expand Holdings Globally

TRI-STAR HOLDINGS, INC., formerly RAPID FITNESS, INC., a publicly traded company currently on the Over the Counter, announced the company has expanded the focus of its wholly owned subsidiary, Reomt, LLC to include the development of mineral rights and claims beyond its existing domestic interests. The company, through Reomt LLC, already owns and is developing [...]

August 28th, 2008 - Posted in Platinum Group Metals, Precious Metal

RSC Equipment Rental Streamlines Divisional Structure

RSC Equipment Rental Streamlines Divisional Structure

RSC Equipment Rental, Inc., the operating entity for RSC Holdings Inc., one of the largest equipment rental providers in North America, announced today that it has streamlined its field operations in North America into two geographical areas, an East Division and a West Division, instead of the three areas it has had previously.
Joe Foster and [...]

August 28th, 2008 - Posted in Mining Equipment

Americas Mining Company, a Grupo Mexico Affiliate, Files Reorganization Plan to Retain Equity Interest in ASARCO LLC

Americas Mining Company, a Grupo Mexico Affiliate, Files Reorganization Plan to Retain Equity Interest in ASARCO LLC

Americas Mining Corporation, an affiliate of Grupo Mexico SAB de CV (GMEXICO) submitted last evening a reorganization plan to retain its equity interest in its wholly owned indirect subsidiary, ASARCO LLC, by offering full payment to ASARCO’s creditors in connection with ASARCO’s Chapter 11 case. The plan, which was submitted to the Bankruptcy Court in [...]

August 28th, 2008 - Posted in Mining Stocks

Osum Oil Sands Corp Announces $275 Million Financing

Osum Oil Sands Corp Announces $275 Million Financing

Osum Oil Sands Corp, a privately-held company focused on bitumen extraction, today announced that it has closed a private equity financing for a total of CDN$275 million at a price of CDN$10.50 per share. The financing was led by Warburg Pincus LLC and included a substantial investment by Blackstone Capital Partners V LP.
Osum is currently [...]

August 27th, 2008 - Posted in Mining Stocks, Oil and Gas

TOP Ships Announces Posting of Annual Report on Its Corporate Website

TOP Ships Announces Posting of Annual Report on Its Corporate Website

TOP Ships Inc. announced today that, pursuant to NASDAQ Rule 4350(b)(1)(A), it has posted on its website the Annual Report to Shareholders that it filed on Form 20-F with the U.S. Securities and Exchange Commission on May 21, 2008 (the “Annual Report”). The Annual Report is available on the Company’s website at http://www.topships.org. Shareholders may [...]

August 27th, 2008 - Posted in Oil and Gas

Royale Energy Establishes Natural Gas Production in the Dakota Formation at Its Field in Utah

Royale Energy Establishes Natural Gas Production in the Dakota Formation at Its Field in Utah

Royale Energy Inc, has successfully fraced and tested a new producing horizon in its Moon Canyon #2 well in the Uintah Basin, Utah.
The new zone is a Dakota B sand that flowed dry natural gas at rates up to 2,000,000 cubic ft. per day from this interval. The well will be hooked up to the [...]

August 27th, 2008 - Posted in Oil and Gas

89.3% Increase in Net Profit CNOOC Ltd. Announces its Record-breaking 1H Result

89.3% Increase in Net Profit CNOOC Ltd. Announces its Record-breaking 1H Result

CNOOC Limited announced that benefiting from both of the favorable oil price environment and its solid operational performance, in the first half of 2008, the Company’s oil and gas sales increased 63.9% compared with the same period last year, reached 54.46 billion RMB, while its net profit recorded 27.54 billion RMB, representing a notable year [...]

August 27th, 2008 - Posted in Oil and Gas