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Random News from Mining Top News

Dia Bras, Favorable Court Decision on its Bolivar III and IV Mining Concessions

Dia Bras Exploration Inc. announced that a Civil Court in the District of Chihuahua in Mexico has decided in favour of Dia Bras Mexicana, S.A. de C.V., the Company’s subsidiary, in the legal dispute regarding Bolivar III and IV.
In 2005, a personal action was filed in Mexico against DBM by an individual claiming the annulment [...]

Magellan Midstream Raises 4Q Cash Distribution to 24 Cents

Magellan Midstream Holdings LP, a transporter and distributor of petroleum products, said on Friday its board raised its fourth-quarter cash distribution by more than 26 percent to 24.6 cents per unit.
The new fourth-quarter dividend will be paid Feb. 14 to holders on record as of Feb. 5.
The dividend was expected to be 19.5 cents for [...]

U.S. CO2 legislation threatens future of coal in power generation

Standard & Poor’s affirmed Wednesday that carbon dioxide emissions caps now being considered by the U.S. Congress could make domestic coal plants more expensive to build and operate.
Although coal prices have dropped significantly since early 2006, S&P’s analysis suggests that ”we see moderation, not disaster in coal prices going forward.” Primary Credit Analysts Thomas Watters [...]

Montana governor announces coal-liquids plant

Gov. Brian Schweitzer on Monday announced Montana will have one of the nation’s first coal-to-liquid fuel facilities, a $1.3 billion project that several companies have agreed to build in the state’s midsection.
DKRW Advanced Fuels, Arch Minerals and Bull Mountain Cos. plan to develop the project at the Bull Mountain mine 14 miles south of Roundup, [...]

Tag: dkrw advanced fuels, montana bull mountain basin coal burn crop

SXR Uranium Agrees to Buy UrAsia for $3.1 Billion

SXR Uranium One Inc. agreed to buy UrAsia Energy Ltd. for $3.1 billion, to form the world’s second- largest uranium producer as rising demand for nuclear fuel drives prices to records.
SXR, owner of South Africa’s largest undeveloped uranium deposit, offered C$7.05 ($6.01) a share in stock for Vancouver- based UrAsia, which owns uranium mines in [...]

VIPR Industries to Raise Up to $1.2 Million Private Placement to Fund Further Exploration of Gold & Uranium Properties

VIPR Industries Inc. announces that it is actively pursuing and intends to complete a financing to raise gross proceeds of up to $1,200,000 via private placement. Proceeds will be used to fund further exploration of VIPR Industries’ gold and uranium properties, including a Drilling Program at its Singida Gold Property presently scheduled for early 2009, [...]

JAG Media Holdings, Inc. Announces Letter of Intent for the Merger of BlueCreek Energy, Inc.

JAG Media Holdings, Inc. announced that it has entered into a non-binding letter of intent with BlueCreek Energy, Inc. and several other parties, pursuant to which BlueCreek will merge with a wholly-owned subsidiary of JAG Media. In consideration of the merger, the shareholders of BlueCreek would receive at the closing a number of shares of [...]

Tag: letter of intent debt restructuring, jag media blue creek, jag media blue creek merger, 8k loi announcement, non binding letter of intent merger

Samson Oil & Gas Provides Operational Advice on Sabretooth

On the 24th of August at 0600 hours, the Davis Bintliff #1 well was at a measured depth (MD) of 14,495 feet and drilling ahead in 6 ½ inch hole towards the final (secondary) target.
The primary sandstone target was intersected at 14,338’ MD. From the mudlog, the sandstone is approximately 70 feet thick and returned [...]

Tag: oil gas well brazoria county

China Reveals Closure Of 3,550 Illegal Coal Mines In Shanxi Province

Saturday, China revealed closing down over 3,550 illegal coal mines in its largest coal producing region, the Shanxi Province. Combined with the closure of illegal coal mines, 2,517 other natural resources illegal mines were also shut down last year, according to Zhang Huaiwen, Director, Shanxi Provincial Department of Land and Resources. Huaiwen said, At least [...]

Oriental Minerals Amends Acquisition of Sangdong; Arranges Interim Loan Financing

Oriental Minerals Inc. is pleased to announce it has amended payment terms for the acquisition of the Sangdong tungsten-molybdenum project in South Korea. The Company has also secured a $3 million interim loan financing from Longview Capital Partners, its largest shareholder.
Payment terms for the current installment due for the Sangdong acquisition have been amended to [...]