Report Shows Long Term Benefits of Gold Mining to Developing Economies
Large-scale gold production has been found to be a major factor in bolstering the economies of developing countries, according to a key report issued today by the World Gold Council (WGC) in partnership with the International Council on Mining & Metals (ICMM) and Oxford Policy Management. The new report, ‘The Golden Building Block: gold mining and the transformation of developing economies’,...
Homeland Energy Group Receives Mining Licence for Eloff Coal Project, South Africa
Homeland Energy Group Ltd., a coal producer with operations in the Witbank area of South Africa announce that it has received formal notification from the South Africa Department of Mining & Energy (DME) that a Mining Right has been approved for Homeland’s Eloff Mineral Project (Eloff). At a potential 500,000 tonnes per month run-of-mine (ROM) – the amount for which Eloff will be initially...
GE, Sasol Sign Service Agreement for New Power Project That Could Help Ease South Africas Energy Crisis
GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol’s new power plant in Secunda, which could help ease South Africa’s energy crisis. South Africa, which has Africa’s largest economy, is in the grip of an electricity supply crunch....
Atlas Oil and Gas Announces Results of First Well in Pawnee County, OK
Atlas Oil and Gas, Inc. announced the results today from the first well in its 8 well project located near the Arkansas River in Pawnee County, Oklahoma. This first well was drilled to a depth of 1688′ and had commercially viable amounts of oil in the Layton from 1542′ to 1551′. The well was acidized and treated before being completed for production in this interval. Due to a backlog...
Platts Top 250: The World’s Top Performing Energy Companies
Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific companies. Against a...
Zaruma Resources Updates Luz del Cobre Project
Zaruma Resources Inc. provided a further update on the progress of the Luz del Cobre copper project in the State of Sonora, Mexico. The Company stated that it has not yet been able to arrange additional project financing to finish the development and construction of the mine and production plant. Of the estimated US$37 million capital cost of the project, US$22 million has been paid to contractors...
Russell Industries Answers the Question, Why Should You Invest in Uranium
Russell Industries, Inc., recently the Company has been asked by the general investor public, “Why should I invest in Uranium”? To follow are a few of the reasons as published in Money Week, October 7, 2007. “Security concerns over global oil supply and fears of global warming have shifted public opinion,” say analysts at Canada’s Haywood Securities, “with nuclear energy becoming an acceptable...
America West Resources Enters Into $3 Million in Debt and Equity Financing
America West Resources, Inc., a domestic coal producer with mining operations in Central Utah, announced that it has entered into a loan agreement that provides for up to $2.8 million of funding pending the entry of a final confirmation order allowing its wholly owned subsidiary, Hidden Splendor, to emerge from bankruptcy. The $2.8 million one-year term loan will be secured by the Company’s undeveloped...
Gossan Retains Hatch to Provide Engineering Process Support for the Inwood Magnesium Project
Gossan Resources Limited has retained Hatch of Montreal, Canada, to provide engineering process support for the Inwood Magnesium Project The agreement covers a 5-phase work program culminating with the opening of a Certificate of Authorization file with the Manitoba government for construction and environmental approvals for a production facility at Inwood, located in south-central Manitoba. The initial...
IPS Lands Barcelona Regasification Contract
Invensys Process Systems (IPS), a global technology, software and consulting firm, announced that it has won a major contract to upgrade control and automation systems at a liquefied natural gas (LNG) terminal and regasification plant near Barcelona, Spain. The site, at Barcelona Terminal, is one of three such facilities run by Enagas, Spain’s leading natural gas transportation, regasification...
Latest Mining News
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
Nuinsco Acquires Gold Project in Lake of the Woods Region
Nuinsco Resources Limited announced it has optioned a claim package, collectively referred...
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