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Random News from Mining Top News

Impediments to drilling

A new report compiled by the Bureau of Land Management says industry has more impediments to energy development in Wyoming’s Green River Basin than previously estimated, as more land holding natural gas has restrictions on drilling.
Lease restrictions on federal acreage in Green River Basin jumped to 50 percent from 37 percent in the new analysis. [...]

New Zealand: Government must investigate phosphate shipments

New Zealand will risk its reputation as nation that abides by international
law if it allows a newly arrived shipment of phosphate, apparently from
Moroccan-occupied Western Sahara, to be used in this country without
investigating its origins, the Green Party says.
The shipment, being carried by Panamanian registered Bianco Zealand, has
already unloaded part of its shipment in Lyttleton and [...]

Frost & Sullivan Commends General Cables’ Efforts in Energy Exploration and Value-Added Services

Frost & Sullivan presented General Cable with the 2008 North American Frost & Sullivan Award for Growth Excellence in the Energy Cables market. The Award recognizes General Cable for serving a diverse set of customers, with wide ranging applications, on a truly global scale.
The company has achieved consistent growth in the world interconnects space – [...]

Quaterra and Goldcorp Sign Investment Framework Agreement

Quaterra Resources Inc. announced that Goldcorp Inc., has entered into a binding Investment Framework Agreement (IFA) with the Company. The IFA formalizes the terms of a previously announced Letter of Intent that provides Goldcorp with an option to acquire an interest in certain mining properties held by or acquired by Quaterra in central Mexico in [...]

Tag: quaterra mining

Norilsk Nickel IFRS net profit up 140% in H1

Net profit at Russian mining giant MMC Norilsk Nickel , according to the company’s IFRS report, increased 140% year-on-year from $974 million in the first half of 2005
to $2.367 billion in the same period this year, which was much higher than forecast by analysts.
[...]

Anglo American to sell South African coal assets to black firm

Mining giant Anglo American Plc has agreed to sell South African coal assets worth seven billion rand (975 million dollars) to a new black-owned company in line with government policy promoting blacks in big business.
“This is a key component of Anglo Coal’s strategy,” Philip Baum, acting chief executive of Anglo American South Africa Ltd [...]

Norilsk Nickel acquires Taimyrenergo

Norilsk Nickel has won the auction for the acquisition of a 100-percent stake in Taimyrenergo, the press service of RAO UES of Russia reports. Norilsk Nickel offered RUR7.290bn (approx. USD269m). The starting price for 100 percent of the company’s shares (1,259,540,156 common shares) was RUR5.96bn (approx. USD220m). The bid increment was RUR20m (approx. USD740,192). Four [...]

Nigeria: Addax Petroleum Completes $1.6 Bn Acquisition of Pan-Ocean Energy

ADDAX Petroleum Corporation has announced the completion of the previously announced acquisition of almost all of the assets and operations of Pan-Ocean Energy Corporation Limited for cash consideration of CDN $1.605 billion (Canadian dollars).
Mr Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum noted that he was delighted at the pace and efficiency, [...]

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TSX Venture Exchange Approves UCR Option Agreement for New Mexico Property

Uranium City Resources Inc. announce that the TSX Venture Exchange has now approved the previously announced (see Press Release of September 30, 2008) Option Agreement with Running Fox Resources whereby UCR can earn up to a 60% interest in 178 lode mining claims (over 3160 acres) located in a well known area of mineralization south [...]

Tag: redcorp ventures

KAL Energy Signs Agreement With Thatcher Mining Pte Ltd. to Acquire Coal Concessions in Indonesia

KAL Energy Inc. is pleased to announce an agreement has been signed with Thatcher Mining Pte Ltd. “Thatcher”, a company incorporated in Singapore.
Under the agreement KAL will acquire 100% of Thatcher by issuing 32,000,000 restricted shares. Thatcher has the rights to two large coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. [...]