No posts found. Try a different search?

Random News from Mining Top News

Orissa government rubbishes Congress charge on bauxite mining

Orissa Steel and Mines Minister Padmanabha Behera today dismissed charges that the state government had become embroiled in a Rs 50,000 crore scam by signing an agreement with Vedanta Aluminum Limited (VAL) to provide it 150 million tonnes of bauxite through captive mining.
“The allegation that the Orissa Mining Corporation (OMC) agreed to hand over bauxite [...]

Tag: bauxite company of guyana incorporated, washington group mining

Vast Exploration Inc. Announces $15 Million Bought Deal Financing

Vast Exploration Inc. announce that it has entered into an agreement with a syndicate of underwriters co-led by Canaccord Capital Inc. and GMP Securities L.P. and including Haywood Securities Inc. and Genuity Capital Markets (collectively the “Underwriters”) which have agreed to purchase, on a bought deal basis, 20,000,000 special warrants of Vast at a price [...]

Golden Eagle Continues to Develop Important Data from Its C Zone Pilot Gold Operations

Golden Eagle International, Inc. announced that its C Zone pilot gold operations in eastern Bolivia are continuing to develop important data that may lead to full-scale operations there.
Golden Eagle’s pilot operations have shown that approximately 60% of the material being processed is made up of gold bearing quartz fragments from the weathered quartz veins [...]

Tag: gold panning bolivia

USCorp Begins Drilling on Its Arizona Twin Peaks Gold Property

USCorp announces the initiation of reverse circulation drilling operations at its Twin Peaks Project in Yavapai County, Arizona as of Monday, September 8, 2008.
After receiving several proposals from major drilling companies, USCorp initially selected Layne Christensen Drilling of Chandler, Arizona for Phase I drilling programs at its Twin Peaks and Picacho properties. The extremely heavy [...]

Probe Announces Joint Venture in East Cameron Area

Probe Resources Ltd. an oil and natural gas exploration and production company announce that it has entered into a joint venture (JV) with Petrodome Energy, LLC and certain other parties for the drilling of its East Cameron 37 prospect. The prospect is adjacent to and will be drilled from the same surface location as [...]

Tag: east cameron partners, petrodome energy

Amcol International 4Q Profit Increases 43 Percent on Growth in Its Oilfield Services Segment

Amcol International Corp., which makes and distributes specialty mineral products, on Friday said its fourth-quarter earnings rose 43 percent, due mostly to gains by the company’s oilfield services segment.
Quarterly earnings increased to $12 million, or 39 cents per share, from $8.4 million, or 27 cents per share during the same period last year.
Analysts polled by [...]

Ford significantly boosts 6-speed transmission output

Ford Motor Co. said it will double the number of six-speed automatic transmissions produced by the end of the year, and expects to install the more fuel-efficient gearboxes in 98 percent of its North American vehicles by 2012.
The transmissions, which will debut in 2009-model Ford Escape and Mercury Mariner crossover vehicles, offer 4 percent to [...]

Mine hearing creates rocky situation in town

A plan to mine valuable stone from the hills of Nassau divided about 125 people Tuesday at an eagerly anticipated hearing.
Troy Sand and Gravel applied to the town and the state Department of Environmental Conservation in 2003 to drill on 79 acres of a hilltop parcel southeast of Pikes Pond for graywacke, a hard rock [...]

Tag: mining nuffer

Namibian uranium mining is booming

Analysts at IJG Securities say that the Namibian Uranium mining industry is booming, with 65 mining licenses still awaiting approval.
In a research note published this morning, the analysts mention that the Namibian Ministry of Mines and Energy stopped issuing licenses after October 2006. Only 15 prospecting licenses have been approved for a duration of one [...]

Yanzhou Coal: Not Burning Brightly

As Stephen Simpson recently pointed out in Coal Continues to Creak, the markets aren’t exactly stoked about the near-term prospects of companies that harvest the commodity known as “the other black gold.” Despite last week’s rally in coal stocks because of the Energy Information Agency’s prediction of a tightening in the supply/demand equation in 2007, [...]