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Random News from Mining Top News

Bellamel Mining Announces New Discovery at Kalgoorlie Gold Project

Bellamel Mining announced the discovery of a high grade gold mineralised system beneath the Centurion Deposit at the Kalgoorlie West Gold Project. The company has named this new prospect the Gladiator Prospect. Significant intersections include: 42m @ 2.06g/t Au including 10m @ 4.71g/t Au and 4m @ 3.34g/t Au.
Original Announcement: New Discovery at Kalgoorlie Gold [...]

Northern Shield Announces Appointment of Peter Walker as a Director and Additional Issuance of Units

Northern Shield Resources Inc. is pleased to announce that Peter Walker has been appointed as a director of Northern Shield.
Mr. Walker was the founder, President and CEO of Scandinavian Minerals Ltd., a public mineral exploration and development company listed on the Toronto Stock Exchange, from 1996 until its acquisition this summer by First Quantum Minerals [...]

Nucor Announces Two Acquisitions by The David J. Joseph Company

Nucor Corporationannounced that its wholly owned subsidiary, The David J. Joseph Company (“DJJ”), has signed a purchase agreement to acquire the assets of the American Compressed Steel operations of Secondary Resources, Inc. American Compressed is based in Kansas City, Missouri. In addition, DJJ has completed the acquisition of substantially all the assets of Victoria, Texas-based [...]

Australia: Gas explorers want a 175pc taxation break

THE Australian gas industry needs taxation concessions and national regulatory consistency if it is to meet its “substantial” potential, an Australian Petroleum Production and Exploration Association report to be released today says.
One result of the report is that APPEA is seeking a 175-per-cent investment allowance so explorers in frontier areas would be able to claim [...]

Oil, gas prices push higher in tandem

Are record gas prices on their way to Western New York? The likelihood has increased because of this week’s spike in oil prices.
World markets pushed oil up to a record $100.88 a barrel on Tuesday and briefly touched $102 Wednesday, and gasoline responded by moving higher in the Buffalo area.
Gas was selling for an [...]

Oregon woman alleges that oil companies sell warm gas

A Eugene woman has filed a federal lawsuit alleging that major oil companies are chiseling motorists by selling overly warm fuel that delivers less energy than it should.
The premise of the lawsuit and those filed in several other states is that as gasoline and diesel fuel warm, they take up more room in tanks [...]

European Mining Stocks May Rise on Gold, China Growth Forecast

European mining stocks may rise after gold prices gained and China said economic growth will accelerate this year. Rio Tinto Group and Anglo American Plc might lead the advance.
“Metal prices have moved significantly higher which should help the mining companies,” said Simon Denham, a director at London Capital Group. “We see Rio and Anglo opening [...]

Tag: mining stocks forecast, european mining profit

A good deal on oil drilling

A few months ago, a bipartisan compromise on offshore drilling worked out by Florida Sens. Bill Nelson and Mel Martinez appeared to be the best outcome for the state. The Republican-led House wanted less protection for Florida beaches and refused to accept the Senate’s offer. Then a funny thing happened in the recent election. Republicans [...]

Delek Resources Announces Drilling Update

Delek Resources announces an update to the previously announced drilling of the Evaline 1-18 twin well located in Valley County, Montana. The well has been drilled and a completion rig is now on location and is set to drill a further 100 feet approximately as to reach the projected oil reservoir, however due to severe [...]

Rimfire and Inmet Commence Drilling at Grizzly

Rimfire Minerals Corporation announce that in partnership with Inmet Mining, it has commenced the second phase of fieldwork at the Grizzly Property in northwest British Columbia. Phase 2 will consist of 1500 metres of drilling aimed at targets defined by the first phase program which included prospecting, mapping, soil geochemistry and a 32 line kilometre [...]

Tag: newmont molybdenum