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Random News from Mining Top News

Arena Resources, Inc. Announces Opening of Midland, Texas Office

Arena Resources, Inc. announced that it has finalized the lease of office space in Midland, Texas, with an anticipated opening date by the end of October. Mr. Will Porter has joined Arena as Permian Basin Land Manager and will manage the new office.
Mr. Porter, a Midland native, has over 23 years of experience in all [...]

Tag: permian resources inc

Oil Down After Volatile Session

Oil futures ended a whipsaw session slightly lower, as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than $3 a barrel at others. Retail gas prices, meanwhile, advanced past $3.77 a gallon.
Options let investors bet oil prices will rise or fall in the [...]

Kentucky USA Energy, Inc. Announces Further Drilling Developments

Kentucky USA Energy, Inc., an early stage natural gas exploration and production company, announced today further drilling developments on the New Albany Shale drilling operation. After logging Francis Grace #1 well, the geophysical log confirms that the shale formation encountered in this well is comparable to wells evaluated in the original reserves study. The 4 [...]

Lake Victoria Mining Company Defining One Kilometer Strike Length at Kinyambwiga Gold Project

Lake Victoria Mining Company report the completion of a detailed ground magnetic survey and the beginning of a detailed trenching program to closely define quartz veins over a one kilometer strike length. The Kinyambwiga project lies within License Number PL4653/2007 and covers 30.73 square kilometers in northern Tanzania’s Lake Victoria Greenstone Belt. The property is [...]

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Canadians hopeful for talks on Cline mine

Even as Gov. Brian Schweitzer looks to federal intervention in a transboundary dispute with British Columbia, his Canadian counterparts are seeking to resolve the issues locally.
”British Columbia recognizes and indeed shares many of Montana’s concerns,” Canadian officials wrote to state lawmakers last week. ”B.C. has maintained the position that issues are best resolved through an [...]

International Coal to Offer Notes

International Coal Group Plans to Offer $250 Million of Senior Notes
Coal mining company International Coal Group Inc. said Friday that it plans to make a private offering of $250 million of senior notes due 2014.
International Coal said it intends to use the proceeds to repay its revolving credit facility and retire its term loan facility, [...]

Roan plan cuts drilling area

Less than half the area on top of and below the Roan Plateau would be opened to natural gas drilling, according to a management plan released Thursday. The remainder would see protections designed to preserve wildlife, views and rare plants.
With the western flank of the Roan Plateau in view, Bureau of Land Management officials unveiled [...]

Benton options Sibley project to Kennecott

Benton Resources Corp announce that general terms have been agreed to between Benton and Kennecott Canada Exploration Inc. ( “KCEI” or “Kennecott” , a wholly own subsidiary of Rio Tinto) on Benton’s 100% owned South Sibley project. The South Sibley project is located in Dorion and McTavish Townships, approximately halfway between Thunder Bay, ON and [...]

Metalex Ventures Ltd. – 106 purple diamonds in Quebec rock samples

Metalex Ventures Limited in conjunction with its joint venture partners Dianor Resources Inc. and Wemindji Exploration Inc. (Wemex) are pleased to announce receipt of final diamond results for one hundred and eleven (111) reconnaissance surface rock samples taken on the Joint Venture’s Ekomiak II; IV; V; VI; and VII properties in the James Bay [...]

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Oil prices continue falling

World oil prices slipped lower as a fragile truce between Israel and Lebanon entered its second day.
In London, Brent North Sea crude for September delivery fell 22 cents to 74.08 dollars per barrel in electronic trading.
New York’s main contract, light sweet crude for delivery in September, slid 18 cents to 73.35 dollars per barrel in [...]