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Random News from Mining Top News

Drilling assurances satisfy Nelson

After receiving assurances from Senate leaders that his state’s coastline would be protected, Sen. Bill Nelson of Florida agreed Thursday to support a measure to permit offshore drilling in the eastern Gulf of Mexico.
With his agreement, the Senate is expected to pass a proposal next week that would allow the harvesting of oil and natural [...]

Trolley-Capable 860E-1K Joins Komatsu’s Fleet of Mining Trucks

Komatsu America Corp. is pleased to announce the introduction of the new 860E-1K electric drive rigid frame dump truck. With a nominal payload of 254 metric tons (280 short tons) — and a factory installed trolley-capable option — the 860E will be the latest in a broad selection of fast and powerful mining trucks manufactured [...]

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Noble Corp. Authorizes Buyback of 10M Additional Shares to Total 15.3M Shares

Noble Corp., which provides services to the oil and gas industry, said Friday its board has authorized the repurchase of 10 million additional shares.
The company had about 5.3 million shares available for purchase under a prior buyback plan. Noble Corp. can now repurchase about 15.3 million shares or 7.4 percent of the company’s outstanding shares.

Medusa Mining sees return to full production by end-Jan.

Medusa Mining Ltd. expects its Co-0 Philippine mine to return to full production by end-January, after a landslide blocked the entrance earlier this month.
The gold-mining company said services had been restored to the mine, with repairs to the mine access road nearing completion.

Western Uranium Corporation Begins Drilling Bull Basin and Old Man Springs Targets at Kings Valley Project, Nevada

Western Uranium Corporation is pleased to announce drilling has started on the regional uranium targets: Bull Basin and Old Man Springs on the Kings Valley Project, Nevada. To expedite the program and accommodate permitting of a large number of drill sites, the core drill program is being helicopter assisted. One core rig is currently on-site [...]

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89.3% Increase in Net Profit CNOOC Ltd. Announces its Record-breaking 1H Result

CNOOC Limited announced that benefiting from both of the favorable oil price environment and its solid operational performance, in the first half of 2008, the Company’s oil and gas sales increased 63.9% compared with the same period last year, reached 54.46 billion RMB, while its net profit recorded 27.54 billion RMB, representing a notable year [...]

Sargent Drilling opens Aurora site

A Nebraska-based irrigation manufacturing and well drilling company has expanded its operations to Aurora.
Sargent Drilling, founded in 1937 and now headquartered in Broken Bow, purchased the former Flodman Plumbing building on E Street and began offering sales and service earlier this year.
“To service ag customers you have [...]

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Jaguar announces intention to tender to Gerber bid

Jaguar Financial Corporation announced that it intends to tender its common shares of Virtek Vision International Inc. to the take-over bid of Gerber Scientific Canada Inc., a subsidiary of Gerber Scientific Inc., dated September 12, 2008.
In response to Jaguar’s request for access to perform a due diligence review in connection with its proposed take-over bid, [...]

Augyva Mining Resources Inc. Signs Agreement With Canadian Century Iron Ore Corporation to Finance Exploration and Development of the Duncan Lake Iron Property

AUGYVA MINING RESOURCES INC. is pleased to announce the signing of an option and joint venture agreement (the “Agreement”) with Canadian Century Iron Ore Corporation (“Century”) defining the terms to allow Century to earn up to a 65% interest in the Company’s Duncan Lake Iron Property (“Duncan” or the “Property” or the “Project”) by funding [...]

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Star Gas Partners, L.P. Reports Completion of NOL Review with No Change in Availability of NOLs

Star Gas Partners, L.P. , a home energy distributor and services provider specializing in heating oil, today announced that following an evaluation, the Partnership has determined that the issuance of units in its April 2006 recapitalization likely did not result in an “ownership change” of its corporate subsidiary, Star/Petro, Inc. (“Star/Petro”) under Section 382 of [...]