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Random News from Mining Top News

LDH Energy Purchases West Virginia Coal Dock

Louis Dreyfus Highbridge Energy LLC (LDH Energy), announced today that one of its operating subsidiaries, LDH Energy Cyrus River Terminal LLC, has purchased the Big Sandy River Dock – a coal facility in Kenova, West Virginia – from Kanawha River Terminals LLC.
“This facility will provide LDH Energy with a merchant platform to connect coal consumers [...]

Uruguay Mineral Exploration Inc.: Reschedule of Definitive Agreement with Fortune Valley

Uruguay Mineral Exploration Inc., a South American gold production and exploration company, announced today that the signature with Fortune Valley Resources Inc. (“Fortune Valley”) of the definitive agreement to combine their respective businesses has been rescheduled for November 6, 2009, extending the deadline from October 30.
Due diligence is still being undertaken by both parties and [...]

Tag: list of vanadium mines in the uravan mineral belt

Only inactive Venezuela mining contracts to be affected

Venezuela’s National Assembly Mining Subcommittee Chairman told miners this week that only concessions pertaining to inactive mining contracts will be voided under the nation’s new mining law.
Quoted in Vheadline.com, National Assembly Deputy Jose Ramon Rivero told a group of miners that the new law will void those contracts that were issued by CVG up to [...]

State orders halt to some Zeb Mountain mining

State environmental regulators have made first use of broader powers, ordering National Coal Corp. to halt some of its mining on Zeb Mountain.
The Environment and Conservation Department also ordered the company to pay $173,000 in fines for mining through two streams without first getting water quality permits.
A recent change in state law gives regulators authority [...]

Gryphon Gold Enters Lease with Newmont on Scarper Property

Gryphon Gold Corporation report that Nevada Eagle Resources, a wholly owned subsidiary of Gryphon Gold, entered into a lease agreement whereby Newmont Mining Corporation has agreed to undertake exploration and development, if warranted, of Nevada Eagle’s Scraper property, located on the northern extension of Nevada’s prolific Carlin trend.
The Scraper property consists of 33 unpatented lode [...]

Delta Uranium Confirms the Termination of Business Combination and Commences Legal Action Against Carlisle Goldfields

Delta Uranium Inc. confirm the termination of the proposed business combination previously announced in the Company’s press release dated February 27, 2009. Pursuant to the Transaction, Carlisle Goldfields Limited (“Carlisle”) was to acquire all of the issued and outstanding shares of Delta Precious Metals, a wholly-owned subsidiary of Delta (“Subco”). Complete details of the Transaction [...]

China Petroleum & Chemical shares soar on government subsidy

Shares of China Petroleum & Chemical Corp (ticker: CHU), Asia’s largest oil refiner, rose as much as 7% on Wednesday after it won a one-time 5 billion yuan government subsidy to compensate for the cost of higher crude oil prices.
The compensation has been given by the Chinese government to help cover losses at the company’s [...]

Paladin leads $200m uranium onslaught

The wave of consolidation sweeping the uranium sector gathered speed yesterday as emerging heavyweight Paladin Resources readied for a $100 million-plus deal in Queensland and Canadian predator Mega Uranium unveiled a friendly $100 million bid for Perth junior Redport.
The deals coincide with record uranium prices above $US45 a pound and come just two days [...]

NCIP told to lift TRO on mining

PHILEX Mining Company stands to lose over P30 million daily if it stops operations.
Following the National Commission on Indigenous Peoples’ (NCIP) issuance of a 72-hour temporary restraining order (TRO) against the mining firm last week, Philex mines filed an urgent motion to lift the TRO claiming among others that its issuance was arbitrarily and capriciously [...]

Tag: mines and geosciences bureau scholarship, alang philex mines

Eaglecrest Announces US$1.5 Million Private Placement

Eaglecrest Explorations Ltd. announce a proposed non-brokered private placement of up to 30,000,000 units at the price of US$0.05 each to raise aggregate gross proceeds of US$1.5 million. Each unit will be comprised of one common share and one full warrant, which can be used to purchase one additional common share in the capital [...]