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Random News from Mining Top News

Mineralogy announces market purchase of Waratah Coal Inc. common shares

Mineralogy Pty Ltd. announces that on October 28, 2008 it purchased, in the normal course through the facilities of the TSX Venture Exchange, 6,300 common shares of Waratah Coal Inc. at a price of $1.1976. Mineralogy has now purchased a total of 20,300 common shares of Waratah (representing approximately 0.04% of the issued and outstanding [...]

Mirasol Options the Nico Silver-Gold Project to Coeur d’Alene Mines

Mirasol Resources Ltd. announces that it has signed an exploration option agreement with Coeur d Alene Mines to explore and develop Mirasol’s 100% owned Nico Project, located in the Deseado Massif gold-silver epithermal district of Santa Cruz province, southern Argentina.
The terms of the agreement provide that Coeur spend US $2.3 million in exploration over four [...]

Alliance Resource Partners, L.P. Announces Approval of Tunnel Ridge Mine Opening

Alliance Resource Partners, L.P. announced that the board of directors of its managing general partner has approved the opening of a new mine for the immediate development of ARLP’s Tunnel Ridge reserves. The Tunnel Ridge reserve area encompasses approximately 9,400 acres of land located in Ohio County, West Virginia and Washington County, Pennsylvania and includes [...]

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Rooster Petroleum, LLC Commences Drilling at Eugene Island Block 28

Rooster Petroleum, LLC, is pleased to announce the commencement of drilling of the Rooster #A-3 Well. It is the first well to be drilled by the Company on Eugene Island Block 28. The planned total vertical depth of the well is 12,500 ft and is expected to take 30-40 days to drill and complete. The [...]

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FuelCell Energy, DOE Finalize Award to Develop Clean Coal Fuel Cell System

FuelCell Energy, Inc., a manufacturer of electric power generation plants announced Monday it has finalized terms with the U.S. Department of Energy (DOE) for a $36.2 million Phase I award to develop a coal-based, multi-megawatt, solid oxide fuel cell-based (SOFC) hybrid system.
The award provides funding for the first stage of the 10-year, three-phased Fuel Cell [...]

Gastar commences Australian CBM drilling program

Gastar Exploration Ltd. has announced that a ten well coal bed methane drilling program has been commenced on its 1.0 million gross acre Exploration License 4416 (EL 4416) in the Gippsland Basin located in Victoria, Australia. Gastar has committed and funded approximately $6.5 million for its 75% interest in the 10 CBM wells, which are [...]

Transeuro’s Liard Basin Shale Well Flows at 10 mmcf/d

Transeuro Energy Corp. and Questerre Energy Corporation announce their first successful test on the deeper shales in the Liard Basin, in Northeast British Columbia.
The program consisted of a series of mini-fracs and high pressure acid stimulations in the existing d-a64-K (A5) well, with the objective of evaluating the rock properties of the Liard shales and [...]

India’s Essar to Buy Minnesota Steel to Add Iron Ore

Essar Global Ltd., the owner of India’s third-biggest steelmaker, agreed to buy Minnesota Steel Industries LLC for an undisclosed price to add 1.4 billion tons of iron-ore reserves and a steel mill in North America.
Essar will invest about $1.65 billion to build the 2.5 million-ton-a-year mill in northern Minnesota, John Elmore, closely held Minnesota Steel’s [...]

Tag: buying iron ore reserves, essar iron ore

Out-of-state bidders set global market prices at Ritchie Bros. auction in Las Vegas

Out-of-state bidders from as far away as Russia, Saudi Arabia and Canada purchased US$23 million of equipment from the US$24 million unreserved public auction conducted by Ritchie Bros. Auctioneers (NYSE and TSX: RBA – News News) in Las Vegas, Nevada last week. More than 1,100 heavy equipment items and trucks were sold in the November [...]

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Medoro Announces Commencement of Drilling in Mali

Medoro Resources Ltd. announced today that drilling has commenced on the eastern sector of the company’s Sindo property in Mali.
A first drilling phase is aimed at checking at depth the gold occurrences contained within two highly anomalous areas in the vicinity of extensive artisanal workings. The program consists of 20 diamond drill holes for [...]