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Random News from Mining Top News

Atlas America to host the earning conference call

Atlas America, Inc. told the press about its agenda to host a conference on its second quarter 2008 after market hours on Thursday, August 7, 2008, and invites investors and other interested parties to listen to the live webcast of its quarterly conference call on Friday, August 8, 2008, at 9:00 a.m. Eastern Time. This [...]

Rio’s Second-Half Profit May Rise on Copper, Iron Ore

Rio Tinto Group, the world’s third- largest mining company by sales, may say second-half profit rose 19 percent to a record as commodity prices soared last year and iron-ore production grew.
Net income advanced to $3.72 billion in the six months ended Dec. 31, from $3.03 billion a year earlier, according to the median estimate of [...]

Atlas Iron Targets 120 to 180Mt of Pilbara Iron Ore

Atlas Iron reported on continued exploration success from its tenements, located between 75 and 150km from Port Hedland in the Pilbara of WA. Recent geological mapping and surface sampling has highlighted exploration targets with combined potential for 120 to 180Mt of iron ore grading 57 to 60% Fe. The prospects discovered have subsequently been ranked [...]

Exploration drilling permit received for Raven Underground Coal project

Compliance Energy Corporation provide a progress report on the Raven Underground Coal project on Vancouver Island British Columbia.
Compliance Coal Corporation dba Comox Joint Venture (“CJV”) has just received an exploration permit from BC’s Ministry of Energy, Mines and Petroleum Resources to drill up to 53 holes (15,000 meters) on the Raven Underground Coal Project. The [...]

Tag: raven project amec, amec environmental raven coal, raven coal bc ministry, raven pacific inc coal mines, bc drilling permit

Unicorp Announces Participation in Multi-Well North Cayuga Prospect With Potential Gross Reserves of 1,000,000 Barrels of Oil and 4 Bcf of Gas

Unicorp, Inc. announced that it has entered into an agreement to participate in the North Cayuga Prospect located in Henderson County, Texas. The Cayuga Prospect will be drilled to a depth of approximately 9000 feet to initially test the Rodessa Bacon Lime zone. This prospect has the potential for eight wells and potential gross [...]

Pacific Gold Corp. Redeems Convertible Debentures

Pacific Gold Corp. announced that it has completed a sale of its fleet of Komatsu Haul trucks. A portion of the proceeds from the sale were used to redeem convertible debentures previously sold to Yorkville Advisors. The principal remaining on the original face value of the $2,440,000 in notes sold to Yorkville is now $267,000.
As [...]

Polar Star Appoints David G. Speck Vice-President, Corporate Development

Polar Star Mining Corporation is pleased to announce the appointment of David G. Speck to Vice-President, Corporate Development of the Company. Mr. Speck has numerous years of experience in investor relations and corporate development including senior positions at O’Donnell Investment Management, Merrill Lynch Canada and Research Capital Corporation as well as serving as an independant [...]

Tag: polarstar investments, polar star mining uranium, david speck, polar star investments, david g speck

More Rigs on the Job

The number of rigs actively exploring for oil and gas in the U.S. this week rose by 15 from the week before.
Of the 1,901 working rigs, 1,504 explore for gas, 389 for oil and eight are labeled “miscellaneous.”
There are 68 rigs in the Gulf of Mexico.
At this time last year, 1,773 rigs were operating.
In Canada, [...]

FieldPoint Petroleum Corporation Completes Wilcox Test Well in South Texas

FieldPoint Petroleum Corporation announced completion of a gas test well in South Texas. The well is flowing in the Middle Wilcox formation.
FieldPoint’s President and CEO, Ray D. Reaves said, ”FieldPoint and its industry partners are excited to have this successful completion on schedule. I believe the initial results support drilling a second well on this [...]

Mechel launches new $100 million coal mine

Mechel [RTS: MTLR], a leading producer of special steel and alloys, said Friday it has started operation of a new coal mine, which cost $100 million to build.
It said the Olzherasskaya mine, in southwestern Siberia, will increase the company’s coal output by 1.8 million tons in 2007. The new mine has a design capacity [...]