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Random News from Mining Top News

Platinex’s NI 43-101 recommends $2.6 million exploration program on Muskox

Platinex Inc. announced that a new technical report was SEDAR-filed on October 17, 2008, for its Muskox property. The NI 43-101 technical report, written by Fred Gittings, P.Geo, is also available on Platinex’s website at www.platinex.com.
The Muskox property was staked in 2007 to enable the evaluation of the platinum group element (“PGE”) potential of the [...]

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Coal export only ‘after meeting domestic demand’

THE government is expected to give its approval to the country’s first ever coal policy very soon. The final draft of the coal policy will be placed before the Cabinet shortly. Once endorsed, the coal policy will give certain basic rights to the government to lease out the existing coal mines of the country, including [...]

Nirek Resources Inc. Offers to Purchase a Minimum of 20% of Century Mining Corp.

Nirek Resources Inc. has offered, upon certain conditions, to purchase not less than 20% of the issued and outstanding common shares of Century Mining Corp. on the basis of one (0.01) for each Century share.
The purpose of the Offer is to enable Nirek to acquire at least 20% of Century shares in order to assist [...]

Oil company execs defend high pump prices

Americans paying $3 per gallon at the pump have it relatively cheap when compared with prices globally, say oil and gas company executives who defend their record profits as essential to maintaining supplies.
In parts of Europe and elsewhere in the West, gasoline prices are more like $5 per gallon to $7 per gallon, said the [...]

Diamond Offshore Drilling, Inc. Declares Special Cash Dividend of $1.875 Per Share

Diamond Offshore Drilling, Inc. announced that the Company has declared a special cash dividend of $1.875 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on September 1, 2009 to shareholders of record on August 3, 2009.
The Company has adopted a policy [...]

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US Energy Secretary Heading to Saudi Arabia

President Bush will send Energy Secretary Samuel Bodman to Saudi Arabia for a one-day meeting of oil producers.
Bodman will lead a U.S. delegation at the meeting on Sunday in the port city of Jiddah in Saudia Arabia, the world’s largest oil producer. The Saudis called the meeting of oil producing countries and consumers to discuss [...]

Abraxas posts year-end spike in oil and gas production

Abraxas Petroleum Corp.’s fields produced 7.7 billion cubic feet equivalent of oil and natural gas in 2006.
This is a 26 percent increase over the 6.1 billion cubic feet equivalent produced in 2005.
The company’s year-end oil and natural gas reserves stood at 99 billion cubic feet equivalent as of Dec. 31, 2006, a 6 percent decrease [...]

Anglo American approves $1.2 billion nickel project in Brazil

Global mining giant Anglo American says it has approved the construction of facilities to mine nickel in Brazil, amid record high prices for the metal.
The Barro Alto nickel project will cost about 1.2 billion dollars (903 million euros) and construction is due to begin in 2007, Anglo American said in a statement.
Production of the nickel [...]

Solex Resources Corp. announces drilling on Macusani South Project underway

Solex Resources Corp. announced that the Company has commenced drilling on its wholly owned Macusani South Project in the Macusani Uranium District of Southern Peru.
The drilling program at the Pichuni and Socclla targets will consist of a maximum of 80 diamond drill core holes (HQ diameter), from 20 drill pads, to a depth of [...]

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Delek US Holdings, Inc. Confirms One Fatality from Tyler Refinery Fire

Delek US Holdings, Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, today confirmed that there has been one fatality resulting from a fire which occurred at the Company’s 60,000-barrel-per-day Tyler, Texas refinery on Nov. 20.
“We are deeply saddened by the loss of our friend and colleague. Our thoughts [...]