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Random News from Mining Top News

Indonesia offers 41 oil/gas blocks to investors

Forty-one oil/gas blocks in Indonesia are offered to investors in 2006, according to Lulu Sumiarso, director general of oil/gas development in the Energy and Mineral Resources Ministry.
Twenty oil/gas blocks are offered through tenders and 21 offered directly to investors, he told reporters at the opening of the Jakarta International Geosciences Conference and Exhibition here on [...]

Tag: indonesian investors email address, investment in gas fields, gunting block, offshore oil indonesia, north kangean

AuEx Ventures, Inc.: Drilling Commences at North Klondike

AuEx Ventures, Inc. report that reverse circulation drilling has commenced at the Company’s North Klondike gold/silver exploration project located about 10 miles south of Tonopah in Esmeralda County, Nevada. The exploration drilling project is being funded by Eldorado Gold Corp. (“Eldorado”) under an exploration earn-in agreement between the Company and Eldorado and will total approximately [...]

Tag: oil drilling in nv, elko nevada, oil and gas companies elko nevada

Bauxite workers laid off by Omai pessimistic about a September restart

Workers in Linden laid off by Omai Bauxite Mining Inc (OBMI) for two months because of the competition from cheap bauxite produced by China are pessimistic about the chances of the company restarting operations in September and consequently of rehiring them.
News that the company was seeking investors to buy into operations was not a cause [...]

Tag: laid off mechanic over a year how to be happy, how has the closure of the bauxite companies affected the

Law firm could get $3 million in coal case

A Wheeling law firm that represented two sisters in a case of an invalid coal mining lease could end up reaping more than $3 million from the case following a decision by the state Supreme Court.
That’s about three times what Josephine Luther and the heirs of the late Mary Catherine Marks believes the Schrader Byrd [...]

Central Petroleum Awards Contract for Drilling Services to IPS

Central Petroleum has awarded a project management contract for its debut drilling campaign in central Australia to IP Services (Australasia). Central’s first three-well programme is planned for the latter half of 2007 and will consist of Blamore-1 in EP93, Mt Kitty-1 in EP125 and Oooraminna-2 in EP82.
Original Announcement: Contract Award for Drilling Services

Key Energy Services Senior VP Phil Coyne exercises options for 22,500 shares of common stock

The senior vice president of the Eastern region of Key Energy Services Inc., which provides oil drilling services, exercised options for 22,500 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed Thursday with the SEC, Phil Coyne reported he exercised the options Wednesday for $10.53 and $15.05 apiece [...]

Legacy Reserves Reports No Counterparty Exposure to Lehman Brothers Holdings Inc. or Its Affiliates

egacy Reserves LP announced that it has no hedging or other contractual counterparty exposure to Lehman Brothers Holdings Inc., its subsidiaries or its affiliates.
Legacy is an independent oil and natural gas limited partnership headquartered in Midland, Texas, focused on the acquisition and development of oil and natural gas properties primarily located in the Permian [...]

Uranium Resources, Inc. Completes Private Offering

Uranium Resources, Inc., a uranium exploration, development, mining and production company, announced today the closing of a negotiated private placement transaction with institutional investors for shares of its common stock. The sale raised $14,304,300. The net proceeds of the offering are for the acquisition, permitting, exploration and development of additional properties in Texas and for [...]

Weather Eyed In Md. Coal Mine Collapse

Workers found the bodies of two miners in the cabs of heavy machinery, three days after they were buried when a wall section collapsed in an open-pit coal mine.
The men appeared to have died instantly, said Bob Cornett, acting regional director for the federal Mine Safety and Health Administration. Their remains were found Friday beneath [...]

Perseus Mining Reports High Grade Diamond Drill

Perseus Mining announced that recent diamond drill results confirm the width and depth potential of the Sissingue East Zone, part of the large Sissingue prospect on the Tengrela gold project in Ivory Coast. High grade gold intercepts, previously observed in shallow RC drilling, have now been confirmed in several diamond drill holes. Diamond drilling at [...]