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Random News from Mining Top News

Petrolium Oil Alliance Inc. Enters Into Negotiations in the Islamic Republic of Mauritania

Petrolium Oil Alliance Inc. Enters Into Negotiations in the Islamic Republic of Mauritania

…  Oil Alliance Inc. and its U.S. subsidiary PetrOil Inc., formerly CybeRecord, Inc., have entered …  Richad Kilani President of Petrolium Oil Alliance Inc. and his corporate team of advisors attended high level meetings held on Nov 4th …  Mr.Hamadi Ould Baba Ouild Hamadi the Charge de Mission and other Ministry officials. That afternoon meetings continued at the Ministry …

December 1st, 2008

Silver Shield Resources Extends Option on James Township Morris Property by 1 Year

Silver Shield Resources Extends Option on James Township Morris Property by 1 Year

…  with the vendor. As a result, the $10,000 cash payment and $200,000 work commitment to November 19th have been extended by one year to …  asset that Management is happy to maintain its option on and even more gratified to have arranged the extension as a win-win for both …

December 1st, 2008

Ecometals Reports Summary of 2008 Exploration Results, Brazil Iron Projects and a New Manganese JV

Ecometals Reports Summary of 2008 Exploration Results, Brazil Iron Projects and a New Manganese JV

…  results of exploration programme on its iron projects and the start of a new manganese JV in Brazil. Airborne geophysics surveys …  outcropping itabarite iron formation containing magnetite and martite. Detailed ground geophysics, mapping and sampling has …

December 1st, 2008

Boise Rigging Supply Switches to N4 Systems’ Field ID

Boise Rigging Supply Switches to N4 Systems’ Field ID

…  has switched to the market leading RFID based Inspection and Safety Compliance Management (ISCM) system, Field ID, to manage all of …  Boise Rigging selected Field ID for its performance and ease of use. “Adopting an electronic inspection management system not …

December 1st, 2008

Unico, Inc. Announces Addition of New Photo Gallery Showing Recent Progress of Underground Rehabilitation Work at the Deer Trail Mine

Unico, Inc. Announces Addition of New Photo Gallery Showing Recent Progress of Underground Rehabilitation Work at the Deer Trail Mine

…  including upgrades to the mine’s electrical system and recently purchased and reconditioned mine equipment. The new photo gallery, which has been …  at www.unicomining.com./news/othermedia.php. Upgrades and repairs to the mine’s high voltage electrical system have been undertaken …

December 1st, 2008

Kentucky USA Energy, Inc. Announces Reaching Total Depth on Hunter Wells #1

Kentucky USA Energy, Inc. Announces Reaching Total Depth on Hunter Wells #1

…  USA Energy, Inc., an early stage natural gas exploration and production company, announced today that the Company reached total depth …  The 4 ½” production casing will be run into the well and cemented as further completion on Hunter Wells # 1 is ongoing. In …

December 1st, 2008

Eagle Rock Exploration Enters into Formal Agreements to Acquire Private Oil & Gas Companies

Eagle Rock Exploration Enters into Formal Agreements to Acquire Private Oil & Gas Companies

…  agreements for the arm’s length acquisition of the outstanding shares of three private oil & natural gas companies for an aggregate …  is comprised of approximately $4.1 million for petroleum and natural gas interests and $0.4 million for working capital. No debt is …

December 1st, 2008

Avista Corp. Closes New $200 Million Line of Credit

Avista Corp. Closes New $200 Million Line of Credit

…  Fargo Bank, National Association, as syndication agent and JP Morgan Chase Bank, N.A., as documentation agent. “We are very pleased …  said Mark Thies, Avista Corp. senior vice president and chief financial officer. “This credit facility will give us flexibility in …

December 1st, 2008

Mineralogy increases offer price and receives support of the board of directors of Waratah Coal Inc.

Mineralogy increases offer price and receives support of the board of directors of Waratah Coal Inc.

…  Coal Inc. by increasing the offer price to $1.60 per share and extending the offer to remain open for acceptance until 11:59 p.m. (local …  receipt of any alternative proposals from third parties and a right on the part of Mineralogy to match any such …  shareholders of Waratah holding common shares and in the money options and warrants exercisable to acquire common shares that …

December 1st, 2008

Mitsubishi Materials Corporation advances $28.75 million for Copper Mountain Project

Mitsubishi Materials Corporation advances $28.75 million for Copper Mountain Project

…  start for the Project at the end of 2010. The Company and Mitsubishi continue to work on the definitive agreements in accordance with the MOU announced on October 1, 2008 and it is anticipated that the definitive agreements will be finalized as soon …

December 1st, 2008