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Random News from Mining Top News

Lieutenant Governors Hear Appeal For Oil Revenue

A fight to get a share of federal oil revenue for Louisiana is coming down to the wire, and supporters are making the last-minute push to anyone who will listen.
Advocates made their appeal Thursday to a group of more than 20 of the country’s lieutenant governors.
Flying high above New Orleans, Delaware’s lieutenant governor saw the [...]

Developer revising Valrico plans

Sydney Mines Development Co. has withdrawn a request to change the county’s comprehensive plan for a 1,700-acre mixed-use development southeast of State Road 60 and Sydney Washer Road.
The County Commission unanimously accepted the withdrawal. A revised plan for the property is about a year away, said Carter McCain, an attorney representing the developer.
The company had [...]

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 [...]

Compass Minerals Announces Agreement to Trade Great Salt Lake Leases in Long-Range Plan to Produce More Sulfate of Potash Specialty Fertilizer

Great Salt Lake Minerals Corp., a subsidiary of Compass Minerals, announced that it has agreed with the state of Utah to exchange undeveloped existing leases in navigable areas of the Great Salt Lake for leases covering 37,000 acres in highly saline regions of the lake that are preferable for production of sulfate of potash specialty [...]

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L&M Petroleum Releases Dean #1A Drilling Progress Report

L&M Petroleum has announced that at 06:00 today, the Dean-1A well was drilling ahead at a depth of 1156m after completing operations to set 9-5/8′ intermediate casing at 1073m. The borehole is now vertical as a result of directional drilling operations. An encouraging gas reading of 3.87% was recorded at 1155m from what is believed [...]

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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Import prices tumble 1.2% on petroleum

A big drop in petroleum prices helped push down U.S. import prices by a bigger-than-expected 1.2 percent in January, a government report on Thursday showed.
The January decline in overall import prices, the biggest since October 2006, was driven by a 7.3 percent drop in petroleum prices, the Labor Department report showed.
Economists polled ahead of the [...]

Valero Energy Corporation Employs DTN TABS for Rack Marketers

DTN, a leading business information services company focused on agricultural, energy and weather business markets, today announced that Valero Energy Corporation, will use industry-leading DTN TABS(TM) credit and product allocation controls for its rack marketer customers.
Valero’s use of DTN TABS will enable rack marketers to gain complete control over what they are selling and the [...]

Zambia: $1.5m Set Aside for Mwambashi Mine

TEAL Exploration Mining has set aside US $1.5 million to be spent on the advancement of Mwambashi Mine, including a de-watering programme to pave way for the opening of the mine.
Rick Menell, TEAL’s president and chief executive officer said in a statement yesterday that the company’s largest copper asset, Konkola North, had also advanced in [...]

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Seadrill takes delivery of the deepwater drilling rig West Aquarius

Seadrill took delivery of the new deepwater semi-submersible drilling rig West Aquarius from the DSME shipyard in South Korea. The unit will leave Korean waters in a few days after completing some general mobilization activities, en route to its first drilling assignment in Indonesia. Start-up of operations is expected mid February. West Aquarius has a [...]

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