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Global Uranium Fund Inc. Announces Separation of Units

Global Uranium Fund Inc. is pleased to announce that the equity shares and warrants which currently trade as stapled units on the TSX under the ticker symbol GUR.UN, will separate and trade independently on Friday July 6, 2007 in connection with the closing of the over-allotment. The ticker symbols for the equity shares and [...]

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International Oil & Gas Holdings Corporation Acquires Over 3,500 Acres of Proven Reserves Valued at Over $500 Million

International Oil & Gas Holdings Corporation , a diversified holding company with joint ventures in the energy, technology, insurance, real estate and security sectors, announced today the signing of a Joint Venture Agreement with Pacific Asian Atlantic Foundation.
The Joint Venture Agreement with Pacific Asian Atlantic Foundation will allow IGHL to acquire 50/50 partnership in a [...]

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Unico, Inc. Announces an Additional $300,000 in Financing From Moore Investment Holdings, LLC

Unico, Incorporated, a natural resource company in the precious metals mining sector, today announced the receipt of an additional $300,000 in financing through the sale of two new convertible debentures to Moore Investment Holdings, LLC, a Nevada limited liability company.
The $300,000 in financing received includes one convertible debenture in the amount of $200,000 dated August [...]

Gatchalian mining firm gets perks

Wellex Mining Corp. of plastics king William Gatchalian is investing P473 million for an ore project in Dinagat Province.
The project involves the production of beneficiated nickel ore for exports to Macau, Japan, China, Taiwan and India.
The mining facility will have a capacity of 1.2 million wet metric tons of beneficiated nickel ore per year.
It will [...]

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American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska

American Mining Corporation announce that it has signed a binding letter of intent to enter into a joint venture with International Tower Hill Mines Ltd., in respect of ITH’s high grade Terra Gold Project in Alaska. Pursuant to the letter of intent, Terra Gold Corp. (“Terra”), an Alaskan subsidiary of AMC and Raven Gold Alaska [...]

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China Coal Energy adds $252 mln new shares

China Coal Energy Co. Ltd. said it would add HK$1.97 billion (US$252 million) worth of new shares after exercise of an overallotment option.
The company said in a statement it would issue 486.96 million H-shares at HK$4.05 each, the same as the IPO price.
Shares of state-backed China Coal Energy have risen 23.7 percent since their Hong [...]

US Government Awaiting Sago Mine Report Before Changing Rules

The U.S. government won’t recommend changes in the way coal companies deal with electrical storms until its own report on the Sago Mine disaster in West Virginia is done.
Mine Safety and Health Administration director Richard Stickler said Thursday he hopes that report will be finished during the first quarter of 2007. But Stickler also said [...]

New Mindanao coal-fired power plant goes on stream Monday

The controversial 210-megawatt (MW) coal-fired power plant in Misamis Oriental would formally operate on Monday with President Gloria Macapagal-Arroyo scheduled to lead the inauguration rites, company officials said.
The $305-million power plant, built by German energy firm STEAG on a 55.42-hectare property inside the Phividec Industrial Estate in Villanueva town, is expected to provide 15 percent [...]

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VAALCO Energy Restores Production at Gabon Facility

VAALCO Energy, Inc. announced that production at its Etame and Avouma / Tchibala fields in offshore Gabon, West Africa, has successfully been restored following the planned upgrade to the Floating Production, Storage and Offloading (FPSO) facility serving these fields.
During the upgrade, VAALCO installed an expanded flare system and increased the water processing capacity at the [...]

Constantine Extends Thick Zones of Massive Sulphide on the South Wall Target

Constantine Metal Resources Ltd. announce that drill hole CMR08-14 has intersected mineralized rhyolite/chert and massive sulphide over a core length of 228.2 feet (69.56 meters) from 556.8 to 785 feet that correlates with Zone I mineralization in drill holes CMR07-09, CMR08-11 and CMR08-13. The better chalcopyrite-sphalerite mineralized part of the intersection is between 607.7 [...]