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Random News from Mining Top News

Gold trades below six-week highs, trapped in range

Gold eased to trade around $650 an ounce on Thursday after a failed attempt to breach six-week highs, with the metal trapped by bargain-hunters and profit-takers in the absence of clear market direction.
But prices remained higher from the previous close in the U.S. market as high oil prices, increased tension in the Middle East and [...]

Pegasus Announces Additional Claims at Eden Nickel Project

Pegasus Metals announced that an additional four claims have been staked at the southern end of the Eden Nickel Project area, Ontario, Canada. The additional claims cover a south-trending extension of the quartz diorite Offset Dyke. The company also reported that it has completed preliminary soil auger sampling of two tailings deposits adjacent to the [...]

Extents of “A” Zone Returns up to 0.53% Uranium Oxide in Surface on Dios Upinor Project

DIOS EXPLORATION updates its summer exploration progress on its large 450 sq. kilometer UPINOR uranium project (owned 50%-50% with Sirios Resources) in the LaGuiche Basin, Quebec, Canada. A total of new 156 grab samples were collected this summer on the property and 142 along the radioactive A zone and its extents, 44 out of 142 [...]

TXU lobbying Congress on coal-plant plan

TXU Corp., facing a string of global-warming bills, is ramping up efforts to lobby the new Congress over its controversial plans to build coal-fired power plants across Texas.
Dallas-based TXU has been betting that lawmakers wouldn’t enact environmental legislation penalizing the company for the 11 plants it wants to build. But Democratic leaders in Congress have [...]

Transocean awarded two drilling contracts

Transocean Inc. has been awarded a three-year drilling contract from Statoil and a contract extension from a British company in separate deals potentially worth more than $500 million.
The Statoil contract is expected to commence in October 2008 with the company’s semisubmersible rig Transocean Searcher being put to use off the coast of Norway. The three-year [...]

Natco Group Inc’s contract in libya worth $24.9M

Natco Group Inc, An oil services company, said Wednesday is has received a $24.9 million contract to provide membrane technology for an oil field off the Libyan coast. As part of the deal awarded in May, the company will supply a Cynara membrane system to capture carbon dioxide for re-injection into Bouri, Libya’s largest offshore [...]

Tag: paques natco, natco group, natco mining corporation

Stone Energy to Purchase Bois d’Arc in $1.8B Deal

Oil and natural gas producer Stone Energy Corp. plans to buy Bois d’Arc Energy in a cash and stock deal valued at about $1.8 billion, including debt.
Bois d’Arc stockholders will get $13.65 in cash and 0.165 shares of Stone stock for each share of Bois d’Arc they own. The offer price values the company at [...]

Petrobras Chief Sees High Oil Prices, Growing Fleet

The head of Petrobras says global oil prices are likely to stay high, and the Brazilian state-run oil giant plans to significantly expand its fleet of drilling rigs and other vessels in the coming years.
Speaking at a gathering organized by the Brazilian American Chamber of Commerce in New York, Petrobras President and Chief Executive Jose [...]

Golden Odyssey Mining Expands Morningstar Mineralization With Follow-Up Drilling

Golden Odyssey Mining Inc. announces the results of its follow-up drilling at the Morningstar property, Esmeralda County, Nevada. The target at Morningstar is a “world Class” deposit containing in excess of one million ounces of gold.
Previous work (reported earlier) has identified a large mineral system hosted by a sequence of strongly faulted calcareous and siliceous [...]

Pakistan to Reconsider Plan to Mine Afghan Border

Pakistan will reconsider a plan to mine areas of its border with Afghanistan to stop terrorists crossing the frontier, after Canada offered to help find alternative controls, Foreign Minister Khurshid Kasuri said.
Pakistan is “happy to receive suggestions,” Kasuri said after meeting Canadian Foreign Minister Peter MacKay yesterday in Islamabad, according to the official Associated Press [...]