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Random News from Mining Top News

IPI pipeline project in final stages: Pak Petroleum Minister

The Iran-Pakistan-India (IPI) trans-national gas pipeline project is in its final stage and its expeditious implementation would help overcome the growing energy needs in South Asia, said Pakistan’s Minister for Petroleum and Natural Resources Amanullah Khan Jadoon.
During his meeting with Iranian ambassador to Pakistan, Mashallah Shakeri, Jadoon also discussed matters pertaining to promoting Pak-Iran [...]

Coal conversion plant gets boost

Plans for a $1.3 billion plant that would convert Illinois coal into synthetic natural gas are moving ahead now that two energy companies have pledged to buy much of the gas, officials announced Thursday.
Ameren Corp. and Nicor Gas Inc. reached 20-year deals with project developer Power Holdings LLC to buy roughly two-thirds of the gas [...]

Oil Crude Continues to Climb

Oil rose again, as traders kept buying on the belief that prices will just keep setting new records.
Light, sweet crude for June delivery gained $2.17 to settle at $126.29 on the New York Mercantile Exchange. Crude shot up to $127.82 a barrel, a new record, earlier in the session.
The market showed little reaction to the [...]

New Vehicle Manufacturing Company Forms to Produce Advanced Hybrids Using Ultra-Lightweight Stainless Steel Unibody Construction

Fisher Coachworks LLC announced on July 22, 2008 its formal launch and plans to manufacture energy optimized lightweight hybrid vehicles using advanced materials and propulsion systems, as well as new manufacturing technologies. Fisher’s launch product will be a 40’ Transit Bus that is nominally half the weight and gets twice the fuel economy of current [...]

Arch Coal Posts Profit Gain, Cuts Forecast on Prices

Arch Coal Inc., the second-largest U.S. coal producer, said third-quarter profit more than doubled as cost reductions more than made up for a decline in prices. The company’s shares dropped as Arch cut its profit forecast and said it will slow production while prices are low.
Net income jumped to $50.9 million, or 35 cents a [...]

vMonitor Announces Aggressive Growth Strategy and Hiring of L J Guillotte as President and CEO

vMonitor, Inc. announces early results of its Aggressive Growth Strategy in oil and gas wireless automation and field optimization solutions.
vMonitor Director Tom Bates, former Managing Director at Lime Rock Partners and former CEO of Weatherford Interra, describes the Company’s strategy as follows: “vMonitor has succeeded in developing the broadest, most comprehensive of wireless oil and [...]

Tag: l j guillotte vmonitor, hts0, oil field automation newsletter, vmonitor, aggressive growth strategy

Paramount Gold and Silver Corp. Update on Strategic Alliance With Mexoro Minerals

Paramount Gold and Silver Corp.advises that certain provisions of its Strategic Alliance with Mexoro Minerals have recently lapsed, including Paramount’s right of first refusal on financings. As Paramount holds convertible debentures in the amount of $1,370,000 resulting from advances made to Mexoro Minerals to fund exploration under the Strategic Alliance, Paramount has agreed to defer [...]

Drilling Underway on Petrostar’s First Bakken Well in SE Saskatchewan

Petrostar Petroleum Corporation announces that it has initiated drilling of its first Bakken Well.
The first well will be drilled to a depth of approximately 900m-1,000m. The drilling is being conducted by Terroco Drilling Ltd. The next planned drilling location is approximately 4 miles from the current well site and all surveys and permits for the [...]

Tag: bakken oil in alberta, first oil well in saskatchewan, drill depth of bakken north dakota, bakken saskatchewan, drilling companies in saskatchewan

Majescor Outlines Two Significant Uranium-Bearing Outcrop Zones Within 30 km-Long Prospective Corridor at South Rae, Nunavik, Quebec

Majescor Resources Inc. is pleased to report that detailed ground radiometric surveying within the 30 km-long prospective corridor identified in 2007 on the South Rae property, under option from Azimut Exploration Inc. (“Azimut”) (CDNX:AZM.V), has outlined two uranium-bearing outcropping zones greater than 4 km long by up to 400 m wide. At the Qairajutait [...]

Global Copper Corp. Announces Court Approval for Arrangement With Teck Cominco Limited

Global Copper Corp. announces that the Supreme Court of British Columbia has approved the previously announced shareholder approved plan of arrangement under which Teck Cominco Limited will, if the arrangement is completed, acquire all of the shares of Global. Global’s principal asset is the Relincho project in Chile. Substantially all of Global’s other assets, [...]