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Random News from Mining Top News

Uruguay Mineral Exploration Inc.: Reschedule of Definitive Agreement with Fortune Valley

Uruguay Mineral Exploration Inc., a South American gold production and exploration company, announced today that the signature with Fortune Valley Resources Inc. (“Fortune Valley”) of the definitive agreement to combine their respective businesses has been rescheduled for November 6, 2009, extending the deadline from October 30.
Due diligence is still being undertaken by both parties and [...]

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Copper firm as market eyes China

Copper and other key industrial metals prices were firm on the London Metal Exchange on Friday as traders assessed the likelihood of fresh Chinese buying.
“We’ve seen copper correcting then holding at a level, but our view is that there will be Chinese buying after their New Year holidays,” a fund manager said.
Copper ended the day [...]

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Dia Bras, Favorable Court Decision on its Bolivar III and IV Mining Concessions

Dia Bras Exploration Inc. announced that a Civil Court in the District of Chihuahua in Mexico has decided in favour of Dia Bras Mexicana, S.A. de C.V., the Company’s subsidiary, in the legal dispute regarding Bolivar III and IV.
In 2005, a personal action was filed in Mexico against DBM by an individual claiming the annulment [...]

UC Hub Group, Inc. Closes Precious Mineral Claim Acquisitions

UC Hub Group Inc. announces the formal contract and closing with Tri-Star Holdings Inc and their various Mining Claims of Gold, Silver and Copper. Now that the formal contract is closed we will begin working on a full Geologist report that is more closely representative of a 43-101 with a Certified Professional Geologist. These assets [...]

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BPZ Energy Announces Approval of $200 Million Debt Facility

BPZ Resources, Inc. announced today that Natixis, a major French bank, has obtained approval from its Credit Committee to arrange and underwrite the $200 million tranche of the $215 million reserve-based lending facility, under the terms and conditions outlined in the Mandate Letter dated August 19th, as previously disclosed by the Company. As previously announced, [...]

Dune Energy on Further Drilling at Garden Island Bay and Plans High Impact Exploratory Well at Bayou Couba

Dune Energy said to the press that the company has commenced drilling the State Lease 214 #912 well at its Garden Island Bay Field, located in Plaquemines Parish, Louisiana. The well, the initial follow up to Dune’s very successful 2007 drilling program, is scheduled to reach total depth of 9,300 feet by mid-August, with production [...]

Crude oil still racing towards $30 a barrel

Crude oil is collapsing as I indicated in India Daily several months back. The question now is how can it go? In a major bear market it will have some sharp rally and that is coming soon. However, longer term crude is in deep trouble. Nature smiles and people lose money ”“it has happened many [...]

Palladon Announces Annual General Meeting and Start-Up of Operations at Iron Mountain

Palladon Ventures Ltd. is pleased to announce that it will hold its Annual General Meeting on Wednesday September 17th 2008, at 9:00 a.m. at the Company’s corporate offices in Salt Lake City, Utah.
Palladon Iron Corporation (“Palladon Iron”) has initiated operations at the Iron Mountain facility in Cedar City, Utah in anticipation of the first shipment [...]

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Committee to push for state participation in mining companies – Honduras

Honduras’ congressional mining committee plans to present changes to the mining reform bill currently under discussion, proposing that the state hold up to 50% of shares in mining companies operating in the country.
“We became concerned [about the bill] and so will propose some changes to the mining law in order to suggest that the state [...]

Anzon Energy says Basker Manta JV to expand oil development, defer gas decision

Anzon Energy Ltd said its subsidiary Anzon Australia Ltd and Beach Petroleum Ltd have decided that their Basker-Manta-Gummy (BMG) joint venture will continue with expansion of its oil development, but have deferred the final investment decision for the gas phase.
The company also said its gas sales agreement with Alinta will be terminated, as the agreement [...]