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Random News from Mining Top News

Indonesia’s Tangguh gas field to begin production in 2008

The Tangguh gas field in Indonesia’s eastern province of Papua is expected to resume production and delivery by the end of 2008, following the Tuesday’s signing of a 2.5 billion U.S. dollars loan, a senior official said.
Tangguh has proven reserves of 14.4 trillion cubic feet of gas and estimated total reserves of 23.7 trillion cubic [...]

Evergreen Solar Sails Higher on New Contracts

Shares of Evergreen Solar Inc. shot up after the solar panel producer signed two long-term sales contracts.
Evergreen rose $2.06, or 20.1 percent, to close at $12.30.
Lehman Brothers analyst Vishal Shah raised his target price on the stock and predicted his Wall Street colleagues will soon raise their earnings forecasts for the company as well. That [...]

Thai PTT willing to sell Star Petroleum stake

PTT PC , Thailand’s top energy firm, said on Thursday it would sell its stake in Star Petroleum Refining Cc (SPRC) if a planned listing of the oil refiner went ahead this year.
PTT, which owns 36 percent of SPRC, wanted to list the refiner in the fourth quarter of 2007, but that would depend on [...]

Tag: star refinery thailand, star petroleum thailand, star petroleum and refinery thailand, star refining ptt, ptt thailand petroleum

EagleRidge Minerals Ltd Begins 2009 Newfoundland and Labrador Exploration Program

EagleRidge Minerals Ltd. (ERM) is pleased to announce that field exploration crews have been mobilized from the Manitoba sites to the Newfoundland project sites. Field exploration work was performed on the Baie Verte area. The crews are now working on the St. Julien’s exploration project. Both project areas offer great opportunity for the discovery of [...]

Tag: eagle ridge gold mine, diamond mining in newfoundland, labrador exploration news, major mining companies in newfoundland, newfoundland and labrador lithium exploration

Mengold Signs $5.8 Million Option and JV Agreement With Solomon Resources on the Goldcreek Property

Mengold Resources Inc. has entered into a binding Letter of Intent with Solomon Resources Limited for an Option and Joint Venture on the Goldcreek Property which is located in Shebandowan, NW Ontario.
Solomon will have the option to earn up to a 50% interest in the Goldcreek Property by incurring exploration expenditures totaling $5.4 million over [...]

Tag: shebandowan, joel scodnick

Cleveland-Cliffs Announces Three Supply Agreements Signed at World Pellet Prices from its North American Iron Ore Segment

Cleveland-Cliffs Inc, which will be renamed Cliffs Natural Resources in mid-October, today said it recently signed three new supply agreements from its North American Iron Ore segment at World Pellet Prices as defined by the “Eastern Canada Pellet Price,” which is currently 228.82 U.S. cents per natural metric ton unit (i.e., approximately $148/metric ton for [...]

Tag: world pellet demand 2010 tons, world pellet prices, 2010 eastern canadian pellet price of iron ore of canada, investments to iron ore pelletizing, eastern canadian pellet price

Franklin Mining Announces Cerro Rico Second Vein Shows Potential Reserves of Over 7 Million Ounces of Silver

Franklin Mining, Inc (PINKSHEETS: FMNJ) is pleased to announce today the significant value of the Cerro Rico Second Vein. The Cerro Rico Mine is considered by many to be the world’s largest silver mine.
The Second Vein of the Cerro Rico is called Mesa Pata. According to the prospective reserve reports provided to Franklin Mining by [...]

Shell to go ahead with drilling, tests

Shell is moving ahead with its plans for drilling exploration wells in the Beaufort Sea next year.
Shell plans two wells at the Siv Ullig field and two wells east of that at a location named Olympia, Paul Smith, Shell operations manager, said at a recent National Marine Fisheries Service meeting.
Siv Ullig was previously known as [...]

Cement firms in UAE turn to coal due to lack of gas

Cement makers in the UAE are turning to imported coal to fire their furnaces as gas is scarce and the petrodollar-fuelled building boom shows no signs of letting up. That is likely to drive world coal prices higher still, producers and traders say.
Home to the world’s fifth biggest gas reserves, the UAE has failed to [...]

EAST TEXAS DRILLING REPORT, AUGUST 27

DEVELOPMENTAL
Cherokee County
# Marathon Oil will drill the Dixon “A” Well No. 5 in the White Oak Creek (Travis Peak) Field to 12,500 feet, 7.2 miles west of Alto in the Self, I Survey, A-793.
# The Barnes Gas Unit 1 Well No. 4 will be drilled by Southwestern Energy Production in the Overton (Cotton Valley [...]

Tag: kendrick field nacogdoched county survey, travis peak gas production field, devon energy production company, maximus operating, pollard gas unit freestone county texas