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Random News from Mining Top News

Barkerville Raises $13,054,000 With Equity Issue

Barkerville Gold Mines Ltd. (formerly International Wayside Gold Mines Ltd.) reports that the previously announced equity financing (News Release 09-35 November 20, 2009) including the overallotment option has been fully subscribed to and the issue has been increased.
The proceeds from the private placement will be used for the start up of the QR Mine and [...]

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As Gasoline Passes $4, Oil Falls Back

Gasoline prices continued to rise above a national average of $4 a gallon, but oil futures retreated after Treasury Secretary Henry Paulson said he will not rule out intervention to stabilize the dollar — boosting the greenback against the euro — and Saudi Arabia said it will call for a meeting to discuss crude-oil prices.
Light, [...]

North Korea plans ‘nuclear test in coal mine’

A Chinese source has revealed that North Korea is “more or less ready” to conduct a nuclear test deep inside an abandoned coal mine. (Picture: Reuters)
But he said the hermit kingdom may hold off if it can win concessions from the US.
The source, who spoke on condition of anonymity, said a device would be detonated [...]

Daytona Energy Corporation Announces Agreement with Emerald Oil & Gas

Daytona Energy Corporation (TSX-Venture: DTE) today announced an agreement with Emerald Oil & Gas NL of Perth, Western Australia, whereby Emerald will participate in three of Daytona’s prospects.
Emerald conditionally exercised its option to acquire a 15% working interest in Daytona’s Pandura prospect and will pay 22.5% of the total drilling costs through the wellhead of [...]

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New Cargill unit developing 4 ethanol plants

A new Cargill Inc. subsidiary announced plans Monday to build four ethanol plants in the Midwest, each with an annual capacity of 100 million gallons.
The plants will almost triple the ethanol production capacity Cargill directly owns, Cargill spokesman Bill Brady said. Combined with service agreements Cargill has with independently owned ethanol plants, they’ll give Cargill [...]

Petroleum Product Wholesalers, Except Bulk Stations/Terminals: State Market Index Report Details Industry Sales For Both Company-Wide Headquarters Data And Locally Generated Sales Levels

Research and Markets (http://www.researchandmarkets.com/reports/c52634) has announced the addition of “Petroleum Product Wholesalers, Except Bulk Stations/Terminals: State Market Index” to their offering.
The metrics in this report cover three year trends in SIC 5172 (Wholesale sector), broken out on a state-by-state basis. Analysis is based on data applied from 7,488 industry firms. Industry market vitality measures for [...]

Crude Down to $122

Oil prices fell to the $122 level, after the Energy Department said fuel inventories rose more than expected, indicating slowing demand.
Light, sweet crude for July delivery fell $2.01 to settle at $122.30 barrel on the New York Mercantile Exchange. Earlier it dropped as low as $121.84. It was oil’s lowest settlement since May 6. July [...]

Australian Gold Mining Stocks Rise, Led by Lihir; Ansell Slumps

Australian gold stocks such as Newcrest Mining Ltd. and Lihir Gold Ltd. rose along with the price of the precious metal after North Korea fired missiles over the Sea of Japan.
Ansell Ltd., the world’s biggest maker of surgical gloves, slumped after the company told analysts to cut their earnings forecasts for the second day in [...]

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Striker Oil & Gas Continues Revenue Growth Strategy

Striker Oil & Gas, Inc. (OTCBB:SOIS) continues to build upon the investments made in 2007 for acquiring and developing new properties. We have experienced an increase in oil and gas production and reserves year to year from 2007 to 2008. We continue to implement our drilling program during 2008 as we continue our strategy to [...]

Baseline Oil & Gas Provides Update on Recent Developments

Baseline Oil & Gas Corp. (OTC Bulletin Board: BOGA – News; “Baseline” or the “Company”) announced today that its 50% owned subsidiary, New Albany – Indiana, LLC (“New Albany”) has entered into a Joint Operating Agreement (JOA) with El Paso Exploration & Development Corp., Pogo Producing Company and Aurora Energy Ltd., pursuant to which New [...]

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