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Random News from Mining Top News

Kentex Petroleum plans merger with Northern Oil

Salt Lake-based Kentex Petroleum Inc. announced Wednesday that its Nevada-based subsidiary Kentex Acquisition Corp. will merge with Northern Oil and Gas Inc., a Nevada gas and oil exploration and development company.
Northern Oil and Gas will be the surviving corporation and become a wholly owned subsidiary of Kentex Petroleum Inc.

ArcelorMittal Acquires Astralloy

ArcelorMittal, the world largest integrated metals and mining company, has acquired Astralloy Steel Products Inc. (“Astralloy”) a subsidiary of IMS International Metal Service. Astralloy operates three warehouses and employs 60 people in North America. Its 2007 revenues were USD 34 million.
About ArcelorMittal
ArcelorMittal is the world’s largest integrated metals and mining company, with over 310,000 employees [...]

Tag: acquisition of astralloy, arcelormittal top, astralloy, arcelormittal astralloy

U.S. raises oil forecast $3 a barrel

The government Tuesday raised its forecast for the average price of oil in August by $3 a barrel, citing July’s heat wave and decreased production from the closure of BP’s oilfield in Alaska’s North Slope.
The Energy Information Administration (EIA), the numbers arm of the Energy Department, estimated in its monthly energy forecast that oil is [...]

Chinese steel companies seek stakes in Australian iron ore projects

Baosteel Group, China’s largest steelmaker, and a rival, Wuhan Iron & Steel Group, are seeking to invest in iron ore projects in Australia to secure supplies to meet rising demand.
“We are looking closely at potential iron ore projects,” Zhang Yong, Baosteel’s Australian investment manager, said in an interview before a mining conference that started Tuesday [...]

Tag: fmg jianqiu dai 2010, fmg dai jianqiu, infrastructure constraints iron ore australia, international herald tribune chinese steel companies seek stakes in australian

SLAM Exploration Discovers New Massive Sulphide Discovery in Bathurst Mining Camp

SLAM Exploration Ltd. announces a significant new discovery of massive sulphides in the Bathurst Mining Camp near Bathurst New Brunswick. Angular boulders of massive and stringer sulphides have been found over a strike length of 2 km. These boulders are spatially associated with a series of untested airborne conductors and magnetic trends that show a [...]

Tag: slam exploration

Surge Global Plans On Drilling First Well On Acreage Leased in Crane County, Texas

Surge Global Energy, Inc. announce that its wholly owned subsidiary, Surge Energy Resources, Inc., has concluded leasing approximately 640 acres in Crane County, Texas at a cost of about $140,000. Surge plans on drilling its first oil & gas discovery well on those leases within the next 30 days at a drilling cost of approximately [...]

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Dianor Resources Signs Definitive Agreements for Acquisition of Surface Rights to Leadbetter Extension Property

Dianor Resources Inc. announce that it has signed definitive agreements for a previously-announced purchase of surface rights to the Leadbetter Extension Property from persons associated with Mr. Joseph Leadbetter and for the immediate suspension and eventual termination of an Excavation Contract between Dianor and Mr. Leadbetter (press release August 19th, 2008).
The definitive agreements for the [...]

Fire halts production on Norwegian North Sea platform

Norwegian oil company StatoilHydro ASA says it has halted oil and gas production on a North Sea platform after a fire broke out.
The operator says the fire was soon extinguished on the Oseberg A platform on Sunday afternoon and there was no need to evacuate personnel. The rig is situated 80 miles northwest of the [...]

RSC Equipment Rental to Showcase New Integrated Services Group at MINExpo

RSC Equipment Rental, one of the largest equipment rental providers in North America, announced that it will host a case study to spotlight a leading international mining company and exhibit at MINExpo International 2008 September 22-24 in Las Vegas. Both events will showcase RSC’s people, services and equipment while highlighting innovative programs that set RSC [...]

Essential University Textbook for Students of Metallurgy

Research and Markets has announced the addition of “Hydrometallurgy: Principles and Applications” to their offering.
The book is concerned with the theoretical principles of hydrometallurgical processes and engineering aspects and also discusses the hydrometallurgical processes of production of copper on the example of leaching of chalcopyrite as the main sulphide mineral of copper processed in industry.
[...]