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Random News from Mining Top News

Buckeye Mining gets grant for coal transloading facility

Buckeye Industrial Mining received a $200,000 state grant to help with a $15 million project that is expected to benefit from Baard Energy’s proposed $5 billion coal-to-fuel conversion plant.
The Ohio Rail Development Commission this week awarded Buckeye Industrial a $200,000 grant the company will use as part of its plans to create a facility for [...]

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Norway: Arctic Reserves Are Key Energy Supply, but Environment Must Be Protected

Vast petroleum reserves in the Arctic are a key source of world energy, but development must also protect the fragile cold-weather environment and curb greenhouse gases, Norway’s oil minister said Monday.
“If the U.S. Geological Survey is right, 25 percent of the world’s undiscovered petroleum reserves could be found in the Arctic. Thus, the Arctic region [...]

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Jade Technologies raises S$9.6m to fund coal mining project

Jade Technologies has raised S$9.6 million to fund a coal mining project in Indonesia.
The company placed out about 134 million new ordinary shares at 7.2 Singapore cents each to three investors – a UK Fund, CC Asia Advantage Master Fund; and two private investors, Jeffrey Hing Yih Peir and Ong Boon Kheng.
For Mr Hing and [...]

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Escalating oil and gas prices leading to stock scams

The U.S. Securities and Exchange Commission is warning investors to avoid potential stock scams based on promises of quick profits from high oil and gas prices.
“Rising fuel prices make investors across the nation particularly susceptible to oil and gas scams,” said Katherine Addleman, an enforcement official in the agency’s Fort Worth, Texas, office. “Oil and [...]

Legal action fails to stop MacArthur River Mine expansion

The MacArthur River Mine expansion in the Northern Territory is going ahead, despite legal action from Indigenous traditional owners.
The lead and zinc mine near Boroloola has begun work diverting the MacArthur River for 5.5 kilometres to allow an open pit.
While the local Kurdanji people say the diversion will interfere with major rainbow serpent sites the [...]

Indonesia Berau Coal sets bond yield guide

Indonesia’s PT Berau Coal has set an indicative yield range for its $325 million, two-part bond, a market source familiar with the deal said on Wednesday.
The deal comprises five-year fixed rate bonds and five-year amortising floating rate notes.
Berau Coal had set the indicative yield for the fixed-rate bonds at around 9.75 percent, while the yield [...]

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Bonaventure Enterprises Inc. Commences Phase 1 Drilling at Squaw Creek Property, Phase 2 Drilling at New Pass Property and Extends Claim Block at Cottonwood Property

Bonaventure Enterprises Inc. is pleased to announce that drilling will begin at the Squaw Creek Property and at the New Pass Property within the next two weeks Due to the increased demands on the drilling industry in Nevada, drill rig availability has caused our drilling program to be slightly behind schedule.
- Squaw Creek Property – [...]

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Anti-mining protests in south Goa

A fresh mining lease in the south Goan region of Quepem has led to a resurgence in anti-mining protests, even as police arrested seven people after villagers and activists came out on the streets and blocked the passage of trucks carrying iron ore, officials said Sunday.
Those arrested include Seby Rodrigues, a civil rights researcher, and [...]

Oceaneering Announces the Promotion of Kevin Kerins to Vice President and General Manager, Remotely Operated Vehicles

Oceaneering International, Inc. (NYSE: OII) announced the promotion of Kevin Kerins to Vice President and General Manager, Remotely Operated Vehicles (ROV). In this capacity, Mr. Kerins will have responsibility for Oceaneering’s worldwide ROV business.
Mr. Kerins has been with Oceaneering for 28 years, serving the company most recently as Vice President, Eastern Region ROV. Kevin has [...]

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Franklin CEO Comments on Bolivia’s Mining Industry

Franklin Mining, Inc. Chairman and CEO William Petty has reassured Franklin shareholders that the company’s Escala Mine continued operations during recent civil disturbances in Bolivia. In a statement scheduled to be posted at www.franklinmining.com later today, Mr. Petty discusses his personal commitment to the mining industry in Bolivia, to COMIBOL and to the Cooperativa INTI, [...]

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