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Random News from Mining Top News

Sino Gold Mining Trading Halted, Pending Company Announcement

The securities of Sino Gold Mining will be placed in pre-open from the commencement of trading on Tuesday, 20 May 2008 at the request of the company until the earlier of the commencement of normal trading on Monday, 26 May 2008 or when the announcement is released to the market.
Original Announcement: Trading Halt

BP Lubricants USA, Inc. Company Profile

BP Lubricants USA (formerly Castrol Consumer North America) spends as much time on top of a hood as it does under them. The company, the Castrol brand sponsor of a variety of drag racing, funny car, and Formula 1 racecar drivers, is a distributor of Castrol synthetic lubricants to automotive service providers and retailers in [...]

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ASTFS Contracts ViaLogy to Manage Airborne SAR Flight Program and Data Processing to Locate and Assess Buried Pipelines

ViaLogy LLC announces that it has signed a contract with Advanced Spatial Technologies Field Services, LLC (“ASTFS”) to conduct two airborne synthetic aperture radar (SAR) and Light Detection and Ranging (LIDAR) imaging surveys for buried natural gas pipelines to deliver accurate location and subsurface movement information, and to assess pipeline condition.
Under the terms of the [...]

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Indicator Minerals Closes First Tranche of Private Placement

Indicator Minerals Inc. announced today that it has closed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $255,000.
The private placement was comprised of 1,275,000 units at a price of $0.20 per unit. Each unit is comprised of one flow-through share and one-half of one transferable non flow-through share [...]

Abraxas Petroleum Sells Non-Core Assets in South Texas

Abraxas Petroleum has closed on the sale of certain non-core assets located in South Texas for a total consideration of $12 million, subject to closing adjustments. The effective date of the sale was August 1, 2006.
The non-core assets were located in the Three Rivers (Edwards) Field of Live Oak County, Texas and represented less than [...]

Sierra Geothermal Power Completes Drilling at Reese River, Nevada

Sierra Geothermal Power Corp. reported today that drilling has been completed at the company’s Reese River Project, Lander County, Nevada. Well 56-4 was successfully drilled to a total depth of 1200 m (3930 ft). Testing for geothermal reservoir characteristics has now begun with results pending. The drilling program was operated by Sierra Geothermal’s US [...]

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Japan’s Nippon Steel Discontinues Import Of Anthracite Coal From North Korea

Japan’s largest steelmaker, Nippon Steel Corp. has discontinued the import of anthracite coal from North Korea because of North Korea’s test-launches of missiles and nuclear development program, sources said on Saturday.
Nippon Steel was the only Japanese firm importing anthracite from North Korea, accounting for about 13% of Japan’s imports from that country. The steelmaker had [...]

Sabah has potential of becoming biggest oil and gas producer

Sabah can be a major economic force in the country if the plan to build a 300mw power plant by Petronas and Yayasan Sabah as well as the emphasis on downstream oil and gas industry with the proposed construction of a petrochemical plant in Kimanis materialise.
The announcement on the two mega projects by Prime Minister [...]

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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 [...]

Costa Energy says Imperial Oil Resources plans to stop accepting gas from Costa

Costa Energy Inc. says Imperial Oil Resources has decided to stop accepting Costa’s natural gas for custom processing at the Redcliff North plant – a move that will shut in about 35 per cent of Costa’s production.
Imperial’s move “has the potential to significantly affect the company,” Calgary-based Costa Energy warned Thursday.
Its shares, under a trading [...]