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Random News from Mining Top News

Brazil aims to build refineries, boost gas output

Brazil aims to build seven new oil refineries and quintuple its natural gas output over the next two decades, the head of the government’s energy studies agency said on Tuesday.
“It’s the first time Brazil has done an integrated planning study for energy resources,” said Mauricio Tolmasquim, the head of the agency, known by its acronym [...]

Cash Distribution by Pengrowth Energy Trust

Pengrowth Corporation, administrator of Pengrowth Energy Trust was reported today that it has just released a report on its August 15, 2008 cash distribution will be Cdn $0.225 per trust unit. The distribution is net of amounts withheld to partially finance capital expenditures. The ex-distribution date is July 29, 2008. The distribution will be payable [...]

Explorer backs preferred site for iron ore port

A minerals explorer in the Pilbara, in north-west Western Australia, says it is happy with the State Government’s preferred site for a new iron ore port.
Aurox Resources has a potential iron ore and vanadium project near Ronsard Island, the site announced last week as the best place for a new multi-user port.
Charles Schaus is the [...]

Basic Earth completes drilling operations on Rival Formation re-entry

Basic Earth Science Systems, Inc. and its partners have completed drilling the third of three horizontal legs on the State #16-1H, a horizontal re-entry in McKenzie County, North Dakota. The horizontal drilling equipment is now being removed from the well and plans are to move off the drilling rig and move the pumping unit back [...]

Pima County challenges Canadian mining claims in national forest

Pima County is challenging the validity of mining claims staked by a Canadian company in the Coronado National Forest.
In a letter sent to the forest supervisor last week, County Administrator Chuck Huckelberry said Augusta Resource Corp. of Vancouver might use mining claims on Forest Service land to dump waste rock, rather than for mineral extraction.
For [...]

Nickel ends lower after Sudbury strike averted

Nickel futures fell 3 percent at one point on the London Metal Exchange on Thursday and the metal ended lower as a possible strike at Xstrata’s Sudbury operations was prevented.
Three-months futures traded as low as $35,900 per ton, down $1,200 from its previous closing price, before narrowing losses to $36,850 at the close.
The Anglo-Swiss mining [...]

Tag: sudbury strike news, xstrata sudbury strike averted, sudbury strike, recent new mine strike nickel mine sudbury, sudbury mine strike latest news

Effort Initiated to Ban Drilling in State Parks

The Mississippi Development Authority plans to market state owned lands to oil and gas companies for drilling and exploration. Lease agreements mean big profits for the state, but not everyone’s on board. State parks and wildlife refuges are included in the new regulations MDA will soon adopt.
The idea of oil companies drilling in mississippi’s parks [...]

Ethanol Shares Plunge

Shares of ethanol producers dropped after a Citi Investment Research analyst said some small to mid-size companies might have to shut down soon after severe flooding in the Midwest boosted corn prices.
Analyst David Driscoll said the floods caused “irreparable damage to this year’s crop” and pushed prices up, harming ethanol margins.
“As a result of the [...]

Newmont Mining Says Calarco Succeeds Murdy As Chairman

Newmont Mining Corp. (NEM) elected Vincent Calarco as non-executive chairman, effective Jan. 1.
The Denver gold company said Calarco succeeds Wayne Murdy, who will retire at the end of the year.
Newmont Mining said Calarco joined the board in 2000 and currently serves as chairman of the corporate governance and nominating committee and a member of [...]

Miranda Advancing New Copper-Molybdenum Target at Redlich

Miranda Gold Corp. announces that it is evaluating a possible copper-molybdenum porphyry system on its Redlich property in Esmeralda County, Nevada.
Miranda’s Redlich project is located within the Walker Lane structural domain, 55 miles west of Tonopah, Nevada. The property consists of 213 lode claims and covers 4,400 acres (1,782 hectares). Recent drilling focused on a [...]