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Random News from Mining Top News

Triangle Petroleum Provides Update on Its Canadian Projects

Triangle Petroleum Corporation continues to actively explore in Western Canada through its wholly owned Canadian subsidiary, Elmworth Energy Corporation (“Elmworth”). Elmworth’s corporate objective is to focus on building a solid production and cash flow base for the Company in the near term. The Alberta Deep Basin drilling programs will complement the longer term production opportunities [...]

Petroleum Development Corporation Completes Purchase of Colorado Oil & Gas Properties

Petroleum Development Corporation announced that it has completed its previously announced purchase of EXCO Resources Inc.’s producing properties and remaining undeveloped drilling locations in the Wattenberg Field area of the DJ Basin, Colorado. The transaction included substantially all of EXCO’s assets in the area. The adjusted purchase price paid at closing was $132 million.
PDC will [...]

Inco ready to open talks with Teck Cominco

Canadian nickel miner Inco Ltd. , which plans to be acquired by Phelps Dodge Corp. , said on Monday it would open negotiations with unsolicited suitor Teck Cominco Ltd.
Inco urged shareholders to reject Teck’s existing takeover offer of C$19.6 billion (US $17.3 billion), but said the overture could potentially lead to a “superior proposal.”
As [...]

Australian miner Ord eyes bauxite project in Laos

Australia-listed Ord River Resources ORD.AX said on Monday it had discovered potentially large bauxite deposits in Laos, a country little known for its mining industry.
ORD said it had an agreement to develop a mine in the Bolaven Plateau in southern Laos in partnership with China Non-ferrous Metals International Mining Co. Ltd. (CNMIM), a government-run [...]

Tag: alcoa ord aa, australian mines limited, laos mining news, australian mining laos, bauxite coal mining in france

Westar Energy Delays Selection of Site for Base Load Coal Plant

Westar Energy, Inc. announced that it continues to evaluate potential plans and possible sites for a future base load coal plant, but that it is postponing a decision to allow further study. Earlier the company indicated that it expected to announce a preferred site for a plant by year end. The company cited sharply higher [...]

Tao Tsuot buys 9% of Ten Petroleum at $60m value

Tao Tsuot Ltd. (TASE: TAO-M) has acquired 9% of Ten Petroleum Co. Ltd. from Fishman Holdings for $5.4 million, giving a company value of $60 million for Ten Petroleum. Fishman Holdings also granted Tao Tsuot first refusal rights on the sale of Ten Petroleum shares. The deal tightens Tao Tsuot chairman Ilan Ben-Dov’s collaboration with [...]

Tag: thatcher mine

Enbridge Energy Partners 4Q Earnings Come in 20 Percent Higher on Stronger Liquids Performance

Pipeline owner Enbridge Energy Partners LP said Friday fourth-quarter profit rose 20 percent, as stronger earnings at its liquids division offset weakness in its natural gas unit.
Quarterly earnings after allocations to the general partner grew to $51.7 million from $43.1 million in the prior-year period. Net income per partnership unit fell to 67 cents from [...]

World Bank grants $45.4 mn to India for clean coal energy

The World Bank Tuesday announced a grant of $45.4 million to co-finance the launch of projects for rehabilitation of coal-fired power generation plants that will help ensure clean energy.
The ‘Coal Fired Generation Rehabilitation’ project, the first of its kind in India, will be financed by World Bank’s Global Environment Facility (GEF) and implemented by the [...]

Endeavour Closes Sale of Norwegian Subsidiary

Endeavour International Corporation, an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea and the United States today announced it has closed the sale of its Norwegian subsidiary, Endeavour Energy Norge AS, to VNG- Verbundnetz Gas AG, for the total consideration of USD [...]

Tag: vng acquires endeavour energy norge, conoco sanctioned

Agnico-Eagle doubles credit lines to US$600 million

Agnico-Eagle Mines Limited announced that it has executed a new non-amortizing US$300 million revolving credit facility, maturing September 2010. Including its pre-existing credit facility, the Company now has US$600 million of credit lines. The pre-existing facility is also a non-amortizing US$300 million revolving credit line, maturing January 2013. Both credit facilities are unsecured. The new [...]