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Random News from Mining Top News

eMax Worldwide Inc. Invests into Metal and Iron Salvage and Recycling Operation in Georgia

eMax Worldwide, Inc., previously named eMax Holdings Corporation, signed an investment agreement with Hubbard Iron and Metal Salvage to buy twenty five percent interest in all the operation business, assets and revenues and sales. eMax Worldwide will invest $1,000,000 to purchase twenty five percent interest in the company and eMax will pay the investment in [...]

Tag: emax mining, emax oil company

Samson Oil & Gas Provides Operational Advice on Sabretooth Well

The Davis Bintliff #1 well was drilling ahead at a measured depth of 13,336 feet as at 0600 hours CDT this morning. A drilling break (an increase in the rate of penetration) was recorded from 13,196 to 13,267 feet measured depth. In line with industry practice, drilling was temporarily halted to observe the fluid level [...]

Natural gas field drawing energy firms to Alabama

Energy companies are scrambling for drilling rights in north-central Alabama, where geologists have discovered a natural gas formation with the potential to rival any in the country.
Drillers have bought gas rights on 500,000 acres in and around St. Clair County during the past two years, paying up to $500 an acre plus a share of [...]

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Marifil Mines Signs Letter of Intent With Yamana Gold

Marifil Mines Ltd. announces that it has signed a Letter of Intent with Yamana Gold Inc. whereby Yamana can acquire an interest in Marifil’s wholly owned Pedernal gold property, San Juan Province, Argentina.
Pedernal comprises 13,287 hectares and is located about 50 km south of San Juan, the capital of the province. San Juan is widely [...]

Banro Files NI 43-101 Technical Report on Twangiza Pre-Feasibility Study

Banro Corporation announce that following publication on July 7, 2008 of the results of the Pre-Feasibility Study on its wholly-owned Twangiza gold project, the Company has filed on SEDAR (www.sedar.com) the accompanying technical report. The report is dated August 13, 2008 and entitled “Pre-Feasibility Study NI 43-101 Technical Report, Twangiza Gold Project, South Kivu Province, [...]

Tag: is there the gold in maniema

Paladin Exercises Options in Deep Yellow Limited

Paladin Energy Ltd (“Paladin” or “the Company”) (Toronto:PDN.TO)(ASX:PDN.AX) advises that the Company has today exercised 12.5 million unlisted options in Deep Yellow Limited (ASX:DYL.AX) bringing its total holding to 171,558,461 fully paid shares representing 15.3% of the issued capital of DYL.
Contacts:
Paladin Energy Ltd
[...]

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African Diamond Announces Early Stage Joint Venture Negotiation

The African Diamond Company, Inc., announced that it is proceeding with negotiations to attempt to joint venture with Courteen Consultants, Inc. AFDM is working on possible joint partnering agreements worldwide.
AFDM is a small exploration company seeking out low cost and profitable opportunities in the mining field with a strong focus on coal and base metals.

Tag: afdm african diamond, african negotiation news

Coro Extends Cerro Negro Option

Coro Mining Corp. announce that it has extended its option period to acquire Cerro Negro from September 18, 2008 to October 3, 2008. The extension of the option allows the Company additional time to complete the financing of Cerro Negro without incurring a financial penalty should the transaction not be completed.
The amended agreement provides for [...]

Pigeon River drilling part of delicate balancing act

If you want to get an argument from an outdoors type, suggest drilling for oil or gas (or logging) in the Pigeon River State Forest.
The Pigeon ”” where Otsego, Montmorency, Cheboygan and Presque Isle counties meet ”” is the last big bit of old Michigan in the Lower Peninsula, a place where campers can see [...]

Altona signs ‘memo of understanding’ to develop Arckaringa coal project

Mining group Altona Resources PLC said it has signed a memorandum of understanding with BP Australia Pty Ltd to jointly evaluate development opportunities for Altona’s Arckaringa coal project in South Australia.