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Random News from Mining Top News

Gammon Gold Approved to Trade on the New York Stock Exchange

Gammon Gold Inc. (“Gammon”) (TSX:GAM and AMEX:GRS): is pleased to announce that the New York Stock Exchange (NYSE) has approved Gammon’s application to list its common stock on the NYSE. The company anticipates that its common shares will begin trading on the NYSE at the opening of trading on October 14, 2008 under its current [...]

Tag: nyse euronext paul dorfman, nyse and canadian companies, junior gold producers, new york stock exchange gold

Regency Energy Partners LP Announces Cash Distribution

Regency Energy Partners LP announced a cash distribution of 37 cents per unit for the fourth quarter ending December 31, 2006. The distribution will be paid on February 14, 2007, to unitholders of record at the close of business on February 7, 2007. This quarterly distribution equates to $1.48 per unit on an annual basis.
Regency [...]

House panel feels state is spoiler for oil drilling

Florida’s determination to block oil drilling close to its coastline irritates some members of Congress. And this week they weren’t shy about expressing their frustration, with one House member asking how the state can ”dictate to America” where to drill.
Colleen Castille, secretary of Florida’s Department of Environmental Protection, took a drubbing Wednesday from members of [...]

Oil executives see crude prices falling by year’s end

Despite oil’s recent string of record highs, a new survey suggests many oil and gas industry executives expect crude prices to fall significantly by the end of the year.
In a KPMG LLP survey of 372 petroleum industry executives, 55 percent said they believe oil prices will drop below $100 a barrel by the end of [...]

Mechel Announces the Commissioning of a New Long Wall Face at Its Olzherasskaya-Novaya Mine

Mechel OAO, one of the leading Russian mining and metals companies, announces that a new long wall face has been commissioned at the Olzherasskaya-Novaya Mine, at its Southern Kuzbass OAO coal mining subsidiary.
New high productive long wall face No. 21-1-3 in seam 21 has been commissioned at the Olzherasskaya-Novaya Mine.
Mechel invested approximately $100.0 million (RUR2.5 [...]

Alternative energy interest surged

After a hearing lasting 15 months and involving dozens of witnesses, the fate of a proposed wind farm that a Vermont-based wind energy company wants to build in northern Lycoming County is in the hands of a county judge.
On Monday, Dec. 18, Judge Nancy Butts heard arguments from attorneys representing the company and the county [...]

Western Canadian Coal Locks in Exchange Rates for Current Year Production

Western Canadian Coal Corp. announces that as at October 31, 2008, the Company has entered into forward sales contracts for US$188 million at a rate of C$1.2424 per US$1.00 and US$150 million at a rate C$1.2188 per US$1.00. These contracts mature monthly through to April 2009. The Company’s coal contract sales are in US dollars, [...]

Pan African Mining Corp. Receives Additional $1.09 Million From Exercise of Warrants

PAN AFRICAN MINING CORP. announces the receipt of CAD $1,091,000 in aggregate proceeds from the exercise of 545,500 Share Purchase Warrants during the period from February 21, 2007 to date. Included were One-Half Share Purchase Warrants exercisable at CAD $2.00 which comprised part of the Units which were issued in connection with the Company’s Private [...]

Victoria Petroleum Acquires Interest in Onshore Texas Exploration

Victoria Petroleum announced the completion of the acquisition of a 20% working interest in the El Fatso gas and condensate exploration project, located in the onshore Gulf Coast, Wharton County, Texas. The El Fatso Prospect will be drilled by the Schoenfield #1 well which will target three stacked seismic amplitude and AVO defined prospects in [...]

Iowa Cellulosic Ethanol Plant Planned

South Dakota company said Monday it plans to build the first commercial scale cellulosic ethanol plant in the U.S., meaning it will use corn stalks and leaves — not just the kernels — to produce the renewable motor fuel.
With an investment of about $200 million, Broin Companies plans to expand the capacity of an existing [...]