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Random News from Mining Top News

Quest Continues Plan for Production Upgrades

August 21st, 2008

Quest Minerals & Mining Corp., a Kentucky-based operator of energy and mineral related properties, announced today that in addition to supplying their mine with various transportation components, the Company plans to split their beltline so that it is powered by two head drives instead of just one.
Everett Hampton, President of Whitestar Mining, LLC, commented, “We [...]

BHP iron ore and manganese output rise to records

January 27th, 2007

BHP Billiton, the world’s biggest mining company, said Thursday that second-quarter iron ore and manganese output rose to records to meet rising demand from steelmakers in China and Japan.
Iron ore production rose 11 percent to 25.4 million tons in the three months ended Dec. 31, from 22.9 million tons a year earlier, BHP said in [...]

BHP Billiton combines coal businesses

March 8th, 2007

Australia’s BHP Billiton will combine its energy coal business with its iron ore, manganese and metallurgical coal businesses.
The integration of the energy coal business into the broader carbon steel materials group will “further strengthen BHP Billiton’s commitment to improving and enhancing the operations of the Group’s coal assets in Australia, South Africa, Colombia, the U.S. [...]

Mintails Announces Doubling of JORC Uranium Resources

July 5th, 2007

Mintails announced today that recent drilling and testwork undertaken on the West Rand has resulted in doubling of its existing JORC Inferred Uranium (U3O8) resource from approximately 10.4m pounds to approximately 21m pounds. Of the 21m pound resource approximately 3.5m pounds of U3O8 has been upgraded from JORC Inferred to a JORC Indicated category.
Original Announcement: [...]

Dow off, S&P eyes up week after jobs and profits

February 2nd, 2007

U.S. blue-chip stocks declined slightly, while the broader market was flat on Friday as healthy but moderate job growth signaled to investors that the Federal Reserve will keep interest rates steady, while this week’s strong rally caused some to take profits.
Positive broker comments about Electronic Arts Inc. and other companies lent support, but a 3.6 [...]

Patton Boggs and Hyperdynamics to Support JV Partner Program

July 22nd, 2008

Hyperdynamics Corporation released a report saying that it has signed a new and more comprehensive engagement with the renowned Washington-based lobbyist law firm of Patton Boggs LLP. Hyperdynamics had originally engaged Patton Boggs over a year ago but the scope of the representation was primarily focused on helping the company develop more extensive relationships with [...]

Ontex Resources Limited Announces Management Appointments & Investor Relations Initiatives

July 30th, 2008

Ontex Resources Limited is pleased to announce that its Board of Directors has appointed Gary Conn as the Company’s new Chairman and John Thompson as the Company’s new President. In addition, the Company is pleased to announce the appointment of Denis Crane as lead director of the Company.
Mr. Conn, formerly President of Ontex, will continue [...]

JG Sablan mining bid pressed

April 20th, 2007

The House of Representatives has renewed its support for a joint venture company seeking to extract pozzolan from Pagan.
The Lower House yesterday adopted a resolution urging Gov. Benigno R. Fitial and the Department of Lands to reinstate the mining permit of JG Sablan Rock Quarry.
All present members, except Rep. Cinta Kaipat, voted in favor of [...]

African oil giant Angola seeks OPEC membership

December 1st, 2006

Angola, sub-Saharan Africa’s second largest oil producer, is seeking to join the Organisation of Petroleum Exporting Countries to reap the gains of being within the cartel, the government has said.
“The council of ministers has said it backs Angola joining
OPEC,” finance ministry spokesman Bastos de Almeida told AFP Thursday.
“By joining OPEC, Angola will no longer be [...]

Cameron Settles Class Action Lawsuit

January 27th, 2007

Cameron’s fourth quarter earnings will include a pre-tax charge of approximately $9.0 million, or $0.05 per share on an after-tax basis, to reflect the anticipated cost of a settlement of a class action lawsuit related to contaminated underground water near a former manufacturing facility in Houston, Texas.
The lawsuit, filed in 2002, related to homeowners’ concerns [...]