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Random News from Mining Top News

Operational and Financial Guidance for 2009 and 2020 by Rock Energy

An update on Oil and Gas Projects, Strategic Growth Initiatives and Key Future Milestones is provided by the company for other companies to refer and consult to. In addition to that publication, Rock Energy Resources, Inc’s management is going to host conference call and webcast.
Chairman and CEO of Rock Energy Resources Inc, Rocky Emeryan independent [...]

Gasco Energy Boosts Borrowing Base to $37 Million for Oil Exploration and Drilling

Oil and gas exploration and production company Gasco Energy Inc. said Thursday its bank group agreed to increase the company’s borrowing capacity to $37 million under its $250 million revolving line of credit.
The borrowing base previously was $25 million.
Under the agreement with the JP Morgan-led banking group, the borrowing base will be evaluated semiannually.
The company [...]

Strike hits lignite mining, power generation

The strike by workers protesting the Centre’s decision to disinvest 10 per cent equity in the Neyveli Lignite Corporation entered its second day today, paralysing lignite mining and power generation here.
With supply of electricity from the NLC to the Tamil Nadu grid almost nil since last night, many rural areas were affected by power cuts. [...]

Alcoa Fully Expects Shining Prospect Shares in Rio Tinto plc to be Moved Smoothly

Alcoa said today it expects its joint shareholding in Rio Tinto to be transferred promptly and smoothly from a custodial account with Lehman Brothers International Europe in London to a custodial account with another nominee unaffiliated with Lehman Brothers. Alcoa said it is working closely with administrators of Lehman Brothers International Europe and with Chinalco, [...]

New mine planned in Webster County

A veteran of the Western Kentucky coal industry has announced plans to open a mine in Webster County in the coming years.
Ron Siler of Newburgh released a statement that his company, Henderson-based Pact Resources LLC, is seeking permits for an underground mine near Sebree that could someday employ 120 to 140 miners.
Annual wages are projected [...]

Tag: schoate mining, webster county kentucky coal minning, licensed mines in western kentucky 2009, coal mining jobs kentucky

Merrimac Energy Group Company Profile

It’s the more (customers) the merrier for Merrimac Energy, which distributes petroleum products, provides fleet fueling services, and is a wholesale marketer of electricity and natural gas. The company also provides environmental services. Its products include aviation fuels, diesel, food grade oil, generator fuel, gasoline, industrial oil, marine fuels, bulk propane, and transportation lubricants. The [...]

Most Asian Markets Rally as Nikkei Hits 10-Month High and India, Australia Reach Records

Most Asian markets rose Friday, with Japanese stocks climbing to their highest in nearly 10 months and markets in India, Singapore and Australia all rose to records. Malaysian shares finished at a new 10-year high.
Stocks rose in Tokyo amid optimism about growth prospects for the U.S. economy, a key export market. The benchmark Nikkei 225 [...]

Petrolifera to Begin 50-Well Drilling Program

Canadian oil and gas company Petrolifera Petroleum (TSX: PDP) is set to begin its 50-well drilling program planned for 2007 on its Puesto Morales-Rinconada concession in Argentina’s Neuquen basin, the company said in a statement.
Petrolifera plans to drill its first well – RN.PM.a-1016 – approximately half a mile west of its 1010 well within a [...]

Birch Mountain pursues sale of Company

Birch Mountain Resources Ltd. announces that the Special Committee of independent directors and the Board have determined that it is imperative to pursue an immediate sale of the Company to unlock maximum value for its shareholders. The Company believes that the current lack of liquidity has compressed Birch Mountain’s share price to a level significantly [...]

Tag: east athabasca highway

Foundation Coal Unit Refinances Facility

Coal producer Foundation Coal Holdings Inc. said Monday a subsidiary completed its refinancing of a senior secured credit facility.
The new $835 million facility has better pricing and flexibility than the $685 million facility it’s replacing, the company said. The new facility will mean about $4 million in annual pre-tax benefits, the company said.