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Random News from Mining Top News

CREDO Announces Deeper Pool Discovery in Major County, Oklahoma

CREDO Petroleum Corporation announced a deeper pool discovery from the Hunton formation in its Ball #1-18 well. The 9,750-foot Ball well is located on the company’s 1,280 gross acre Pool\Proffitt prospect. Electric logs and drilling and completion data indicate that the Chester, Mississippian and Hunton formations are commercially productive. The company owns a 50% working [...]

U Mining Resources Inc. Announces Partnership With a Strong Guinean Mining Company

U Mining Resources Inc. informs its shareholders that the board of directors has been in constant negotiation and discussion regarding a takeover of UMNG by an established Guinean mining Company. This Company has exhibited serious interest regarding the proposal for a reverse merger with UMNG. The company with which the negotiations are taking place is [...]

South African women push for top spots in mining

Smangele Mngomezulu worked for 15 years at South African mining giant Anglo American, but apartheid-era laws banned her from donning a hard hat and shoveling ore.
Now, over a decade after the collapse of race laws, she heads down into sweltering underground mines as the owner of her own company, with Anglo as one of her [...]

Tag: zama ziqubu, pearl ziqubu, smangele mngomezulu

EXMIN and Canarc Resource Finalize Santiago Joint Venture at Batopilas, Chihuahua, Mexico

EXMIN Resources Inc. announce the signing of the definitive agreement with Canarc Resource Corp. for a joint venture option on a portion of its 45,000 hectare Batopilas project land holdings. A letter agreement was originally signed in September, 2007. EXMIN has received 15,000 Canarc shares and a payment of US$25,000 as part of the [...]

Tag: hochschild mining

Copper King Mining Corporation Provides Project Updates

Copper King Mining Corporation, an ore mining, processing, and exploration company located in Southern Utah, today announced further updates concerning its mining and processing operations near Milford, Utah.
Copper King announced today that the Flotation’s Mill’s prime electrical contractor, A&F Electric of Milford, Utah, commenced electrical wiring in the Mill by installing high efficiency electric overhead [...]

Tag: king copper mine, copper king mine milford ut, copper updates for today, milfor utah copper mining, copper king mine

Aegean Marine Petroleum Network Inc. to Expand Presence in the Caribbean

Aegean Marine Petroleum Network Inc. announced that it will be establishing business operations in Trinidad and Tobago, expanding its presence to the southern Caribbean. Aegean is in the process of setting up its local logistics infrastructure and expects to commence operations by the end-of-the first quarter, 2009.
E. Nikolas Tavlarios, President, commented, “We are pleased to [...]

Tag: america petroleum network, petroleum mining in trinidad, us jamaica truck iron ore

Uranium Prices Surge After Flood Closes Cameco Mine

Uranium prices surged 7 percent to a record after Cameco Corp., the world’s largest supplier, said a flood at an unfinished mine in Canada will delay initial shipments of the nuclear fuel by at least a year.
Uranium rose to $60 a pound from $56 in a weekly posting by Ux Consulting Co., said Eric Webb, [...]

Fitz-Gerald expects oil and gas overhaul to move ahead

Lawmakers who are looking at revamping the way the state regulates the booming oil and gas business are listening to the industry’s concerns, but that won’t stop the proposal from moving ahead, Senate President Joan Fitz-Gerald said Wednesday.
Industry representatives want some clarification about what the changes will mean for them, she said.
“It’s energy independence, we [...]

Roughnecks Get Maids as Shell, Exxon Battle Oil Worker Shortage

Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals.
“I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a [...]

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Supply Concerns Send Oil Past $133

Runaway oil prices blew past $130 a barrel for the first time Wednesday and kept going, while gasoline prices persisted in their own relentless climb, rising above $3.80 a gallon.
Wednesday’s rally was fed in part by a report from the Energy Department’s Energy Information Administration, which said crude inventories fell last week, when analysts expected [...]