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Random News from Mining Top News

Atlas Oil and Gas Announces Results of Second Well in Pawnee County, OK

Atlas Oil and Gas, Inc. announced the results from its second well in its 8 well project located near the Arkansas River in Pawnee County, Oklahoma. The first well that was put into production earlier this week had an initial rate of about 20 barrels of oil per day (BOPD) from a shallow zone at [...]

Torch River Resources Ltd.: RB06-132 Returns .1731% Molybdenum over 50 Meters

Torch River Resources Ltd is pleased to announce drill results on its first hole of the 2006 exploration program on the Red Bird porphyry molybdenum/copper deposit located in the central coast region of British Columbia. This program intends to outline extensions of known mineral zones as well as exploring new areas of interest.
Hole RB06-132 [...]

Ultra Petroleum CEO Michael D. Watford Exercises Options for 25,000 Shares

The president and chief executive of natural gas and oil explorer Ultra Petroleum Corp. exercised options for 25,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Wednesday, Michael D. Watford reported he exercised the options Monday for 46 cents apiece and then sold 15,726 [...]

OPG Ontario Nanticoke 1 coal unit back in service

Ontario Power Generation’s 490-megawatt Unit 1 at the Nanticoke coal-fired power station in Ontario returned to service by early Monday, the Independent Electricity System Operator said in a report.
The province-owned generating company shut the unit by February 2.
The 3,920 MW Nanticoke station, which entered service between 1972 and 1978, is located on the north shore [...]

Paulson Wants More Foreign Investors in Persian Gulf

Treasury Secretary Henry Paulson asked Persian Gulf oil producers to open up to more foreign investment, saying it would help diversify their economies as well as boost output.
Paulson was in Abu Dhabi, the largest of the United Arab Emirates.
The UAE is Paulson’s last stop on a tour of Gulf nations.
He acknowledged that there are no [...]

Atlas Mining Company Announces Non-Core Asset Sale Update

Atlas Mining Company announced it entered into an agreement with AAMCOR LLC of North Salt Lake, UT, through which AAMCOR LLC will purchase certain non-core equipment from the Company for $300,000 and will act as the exclusive agent for the sale of other non-core equipment deemed unnecessary for the commercialization of the Dragon Mine property.
The [...]

Tag: caterpillar equipment in salt mines, equipment used for salt mining

Pacific Coast Nickel Corp. Updates Burwash Activity

Michael Sweatman, Pacific Coast Nickel President, stated that, “We have wrapped up the Burwash drilling for 2008 and will now wait for results, which will be available for interpretation in October.”
Pacific Coast Nickel has an Option Agreement from Strategic Metals Ltd., who, along with Archer Cathro & Associates, are the operators of the project.
There were [...]

Bonanza Oil & Gas and its Exploration Strategic Alliance

Bonanza Oil and Gas, Inc, a Nevada Corporation, has just told the press that the strategic alliance between Bonanza Oil and Gas, Inc. and Westerly Exploration, Inc. As a result of the alliance with Westerly, and the merger with Black Pearl Energy, Inc., Bonanza Oil & Gas will develop two additional properties in West Texas. [...]

Tag: westerly exploration inc, black pearl exploration l l c

Stornoway Closes $22 Million Private Placement and Redeems Convertible Debentures

Stornoway Diamond Corporation is pleased to announced that it has closed a $22 million private placement (the “Private Placement”) comprising 24,444,444 common shares at a price of $0.90 per common share split equally between Agnico-Eagle Mines Limited (“Agnico-Eagle”) and Lorito Holdings Limited (“Lorito”), as previously announced on July 16, 2008. Agnico-Eagle and Lorito held, equally [...]

Royal Roads revises loan amount due by Acadian Mining subsidiary, ScoZinc Limited

Royal Roads Corp. announced that during the course of its year end audit activities, it determined that the inter-company advances between the Corporation and Acadian Mining Corporation and Acadian’s wholly-owned subsidiary, ScoZinc Limited , at November 28, 2008 was $362,052 more than previously reported (see News Release dated December 1, 2008). The documentation [...]

Tag: acadia uranium mines limited