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Random News from Mining Top News

Chief Mines Inspector of Sweden Grants Exploitation Concession for Northland’s Tapuli Project

Northland Resources Inc. announce that the Chief Mines Inspector of Sweden has granted the Exploitation Concessions for Tapuli K1 and Tapuli K2. The granting of the concession has been communicated to the parties involved in the land use of the area and has been released by Mines Inspectorate to Northland and the public today.
Northland will [...]

Mogul Energy International, Inc. Announces It Has Spudded Its First Well

Mogul Energy International, Inc. announces that the company has commenced its drill program involving the Walpole properties located in southeastern Saskatchewan. Mogul Energy representative has confirmed that the first well has been spudded successfully. The first well is to be drilled to a total depth of 1100 meters testing the Torquay, Souris Valley and Bakken [...]

Aurelio Redeems 10% Convertible Debentures with Cash Payment & Completes the View Sites LLC Land Acquisition

Aurelio Resource Corporation report that it has repaid in full the $1.5 million aggregate principal amount of the 10% Convertible Debentures issued in February 2008 and due in June 2009.
Repayment of the Debentures was made in cash at face value plus all accrued and unpaid interest, and was made in accordance with the terms of [...]

Tag: 10 convertible debenture

Nautical Petroleum secures drilling rig slots for Kraken, Mermaid prospects

Nautical Petroleum PLC said it has secured the rig slots that will allow the group to proceed with the drilling of the North Sea Kraken and Mermaid prospects in mid-2007.
Kraken, in which Nautical holds a 45 pct stake, is believed to contain gross resources of around 53 mln barrels of oil.
Mermaid, in which the company [...]

Tag: kraken

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 [...]

Tag: new magnesium extraction process, inwood magnesium, hatch, hatch engineering mining projects, mineral in gossan

GWR Closes $470,000 Private Placement

GWR Resources Inc. announce that it has closed a non-brokered private placement for gross proceeds of $470,001.
The Company issued an aggregate of 1,425,001 common shares at a price of $0.28 per Share, and an aggregate of 253,574 units at a price of $0.28 per Unit. Each Unit is comprised of one common share, and [...]

Mooncor Commences Activity in Southwestern Ontario Shales and Updates Strategy for British Columbia, Alberta and Saskatchewan Shale Opportunities

Mooncor Oil & Gas Corp., update the Corporation’s shale gas activities in southwest Ontario, Saskatchewan, Alberta and British Columbia.
Southwest Ontario Shales
Mooncor has executed a farm-in agreement to participate in a non-operated well targeting a Silurian pinnacle reef formation located in Lambton County of southwestern Ontario The Silurian pinnacle reef anomaly has been identified by seismic, [...]

North American Gem Signs MOU to Acquire Appalachia Coal Corp.

North American Gem Inc. announce that it has signed a Memorandum Of Understanding with Appalachia Coal Corporation, a private company with advanced stage coal interests in West Virginia.
ACC currently controls approximately 20,000 acres of coal leases in West Virginia that are in various stages of permitting. Several different coal seams run on ACC’s properties [...]

Tag: mou acquisition, virginia mou to buy coporation, coalming in del bonita alberta, del bonita north american gem, mou for coal purchase

Bronco Drilling 2nd-Quarter Profit Soars on Sharp Rise in Sales

Drilling service provider Bronco Drilling Co. said Tuesday its second-quarter profit surged, thanks to a sharp rise in sales and an increase in the average number of operating rigs.
Income for the quarter was $14.7 million, or 59 cents per share, up from $2.5 million last year. Revenue for the quarter was $67.1 million, up from [...]

IGC Resources Announces Drilling Start on Uaroo Uranium Project, Western Australia

IGC Resources Inc. announced that drilling has commenced on the Company’s Uaroo Uranium project, Western Australia. The project covers 400 square kilometres of granted tenements which are 100% owned by IGC. The tenements cover late stage granites beneath sandstone and conglomerate, which are capable of hosting uranium, copper and gold, and of providing adequate source [...]