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Random News from Mining Top News

International Nickel Ventures Appoints New President and CEO

International Nickel Ventures Corp. (TSX: INV) reports that Mr. Jim Clucas, the Company’s current Chairman, has also been appointed President and Chief Executive Officer, effective February 5, 2007.
Mr. Roland Horst has resigned as the Company’s President and CEO effective February 5, 2007 to accept the position of CEO of a private company. Mr. Horst will [...]

Idaho panel votes to reject federal program involving coal plants

The Idaho Board of Environmental Quality has voted unanimously against having the state take part in a federal program that could encourage companies to build coal-fired power plants in the state.
Board members voted Thursday to send a temporary opt-out policy proposal to Governor Jim Risch.
By signing the proposal, Risch would include Idaho as one of [...]

Cold weather faulted in coal train derailment

Cold weather was blamed for the derailment of a coal train last week near Gore, a Union Pacific Railroad spokesman said Thursday.
“We discovered a broken rail as a result of the extreme cold,” said the spokesman, Joe Arbona.
An 80-foot railroad bridge collapsed in the derailment, about 2 1/2 miles northwest of Gore.
The bridge was repaired [...]

Detour Gold and Trade Winds Joint Venture for Block A Located West of Detour Lake

Detour Gold Corporation announce that it has executed a comprehensive Joint Venture Agreement with Trade Winds Ventures Inc. for the 50/50 joint venture on the Block A property located immediately west of the Detour Lake property.
The new agreement formalizes the operating relationship between the parties, which was previously governed by a binding Letter of Intent [...]

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Homeland Energy to Reacquire Full Ownership of South African Subsidiary

Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million.
With this [...]

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Oil, gas company sales Jupiter Energy halted by judge

A Franklin Circuit judge has granted the state of Kentucky a restraining order against Jupiter Energy, an oil and gas company with offices in Louisville, to keep it from selling or marketing its investments.
Judge Roger Crittenden’s order also bars sales and marketing by four Jupiter officers — brothers Brian and Jason Rose, and Tom Nelson [...]

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Baseline Oil & Gas Provides Update on Recent Developments

Baseline Oil & Gas Corp. (OTC Bulletin Board: BOGA – News; “Baseline” or the “Company”) announced today that its 50% owned subsidiary, New Albany – Indiana, LLC (“New Albany”) has entered into a Joint Operating Agreement (JOA) with El Paso Exploration & Development Corp., Pogo Producing Company and Aurora Energy Ltd., pursuant to which New [...]

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New wind power project sends electricity to Alberta grid

The Chin Chute Wind Power Project, a 30-megawatt joint venture project between Acciona Wind Energy Canada Inc., Enbridge Income Fund, and Suncor Energy Products Inc., is now operational and sending electricity to the Alberta Interconnected Electric System. The $60 million facility is located 20 kilometres southwest of Taber.
Although turbine and substation construction were completed in [...]

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Deutsche Bank Downgrades Drillers

You could say Deutsche Bank analyst Mike Urban was swimming against the tide, after he downgraded several offshore drillers and said investors may be too focused on deepwater rigs and ignoring the risks in the shallow-water rigs those companies also operate.
Urban changed his ratings on Ensco International and Transocean to “Sell” from “Hold” and also [...]

Apogee Awards Contract for Scoping Study on High Grade Pulacayo Silver-Lead-Zinc Deposit, Bolivia

Apogee Minerals Ltd. announce that Micon International Limited has been awarded a contract to complete the scoping study on the Pulacayo deposit, located at Pulacayo, southwest Bolivia.
Apogee has reviewed proposals from various engineering firms for the completion of the Study and ultimately selected Micon. The Study will focus on two possible production scenarios to [...]

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