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Random News from Mining Top News

Ridgeway Petroleum completes interim financing; announces appointment of interim Chief Financial Officer

The Board of Directors of Ridgeway Petroleum Corp. (the “Company”) today announced the closing of a non brokered private placement for $627,000. The placement was comprised of units priced at $0.40 per unit. Each unit comprises one share of the Company and one non-transferable share purchase warrant entitling the holder to purchase one additional share [...]

Mining company operates effectively in Laos

The Ha Tinh Mineral and Commercial Corporation has earned VND 10 billion (US $625,000) from mining and processing of gypsum in Laos’ Khammouane province.
The corporation started mining in a 700-hectare area, which has an estimated reserve of millions of tonnes of gypsum.
The corporation employs 140 Laotians at the mine. It also helped Khammouane province build [...]

Tag: laos mining companies

Belize Grants Production Agreement to Spartan Petroleum

Belize’s government has issued a new production sharing agreement (PSA) to Texas-based Spartan Petroleum Corporation for blocks 2, 16 and 17 of the country’s Corozal district, the government said in a statement.
The PSA gives Belize royalties of 12.5% on oil and 7.5% on natural gas, a minimum of 11% production sharing and a working interest [...]

Tag: spartan petroleum production belize, petroleum mining in belize, mining in belize

Nord Resources Proceeding With Construction at Johnson Camp Mine to Facilitate New Copper Mining

Nord Resources Corporation, which is reactivating copper mining at the Johnson Camp Mine in Arizona, today announced that the Arizona Department of Environmental Quality has issued the air quality permit required to proceed with construction at the mine.
“We are now moving full speed ahead in executing our plan to reach full copper production from new [...]

Tag: johnson camp mine arizona, johnson mine employment opportunities arizona, johnsonmine, johnson camp mine az jobs, johnson arizona mine

Third Point Confirms Intent to Elect New Directors of Pogo

Third Point LLC today announced that it has filed a Schedule 13D (Amendment No. 3) with the Securities and Exchange Commission confirming its intent to conduct a proxy contest at the 2007 annual shareholders meeting of Pogo Producing Company, and that the following letter has been sent to Pogo’s Chairman:
February 16, [...]

Shares of several large aluminum producers rise on weak inventories, supply concerns

Shares of several U.S. aluminum producers moved higher Friday as low inventories and tight supply raised prospects for continued price hikes.
Barclays Capital said in a research report that demand growth for aluminum, though slower this year than last, has remained robust.
Also, consumer inventories of aluminum are at relatively low levels in both the U.S. and [...]

IAMGOLD Completes $20 Million Private Placement in Orezone

IAMGOLD Corporation completed the previously announced purchase on a private placement basis of 71,428,571 common shares of Orezone Resources Inc. at a price of Cdn$0.28 per share for gross proceeds to Orezone of Cdn$20 million. As a result, IAMGOLD holds approximately 16.6% of the outstanding shares of Orezone. IAMGOLD did not hold any securities [...]

Tag: iamgold cost basis, orezone merger, merger orezone resources with iamgold, orezone resources merger cost basis, orezone iamgold merger

Gulf Resources Completes Acquisition of Bromine and Crude Salt Manufacturing Assets

Gulf Resources, Inc., announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has completed the acquisition of manufacturing assets involved in bromine and crude salt production owned by three individual residents of the People’s Republic of China, Fenqiu Yuan, Han Wang and Yufen Zhang.
On January 7, 2009, SCHC signed an [...]

Tag: pearsall shale play

Nayarit Gold Inc. Announces Closing of Brokered Private Placement of $10 Million

The Directors of Nayarit Gold Inc. announce the closing of a brokered private placement consisting of 20,000,000 units in the Company at a price of $0.50 per Unit. Each Unit is comprised of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one [...]

Proxy Governance Recommends Grey Wolf Stockholders Vote for the Merger with Basic Energy Services

Grey Wolf, Inc. announced that Proxy Governance, Inc., a leading independent proxy voting advisory firm, has recommended that Grey Wolf stockholders vote in favor of the proposed merger with Basic Energy Services, Inc. at the upcoming Special Meeting of Stockholders scheduled for July 15, 2008. As previously announced, Egan-Jones also has recommended that Grey Wolf [...]