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Random News from Mining Top News

India to double uranium capacity this year

India will double uranium capacity this year to meet requirements of its nuclear programmes, a top government official said on Wednesday. “We are in the process of expanding uranium capacity. Projects are already underway and uranium capacity would be doubled this year,” Atomic Energy Commission (AEC) Chairman, Mr Anil Kakodkar, said at a seminar here.
Mr [...]

USCorp Reports Phase Two Drilling Scheduled on its Arizona Twin Peaks Gold Property

USCorp announced that Phase Two of its drilling on its Twin Peaks Property has begun.
As part of the reverse circulation drilling program, the Swiss Bell and Crosby areas will be drilled in order to prove the continuation of known mineralized trends.
The drill holes will range in depth from 100 feet to 1,000 feet.
Twin Peaks is [...]

Platinum, coal outshining gold as nation’s main mine earners : South Africa

While gold is still an important contributor to South Africa’s exports and its overall economy, platinum and coal are continuing to consolidate their positions as the country’s two major commodities.
Figures from the Chamber of Mines show that sales of platinum group metals were worth around R38 billion (US$ 5.4 billion) last year, slightly ahead of [...]

Tag: gold mining rights brazil

DEC approves mercury emission limits to coal-burning power plants

A plan to cut toxic mercury emissions from power plants is approved by the state Department of Environmental Conservation.
Under the plan, coal-burning plants in New York state will have to cut mercury emissions by 90 percent by 2015.
The plan sets a cap on the emissions allowed from each plant without trading other plants for the [...]

Strike action resolved at Hitura Nickel Mine

Belvedere Resources Ltd. reports that the strike action at Hitura Mine has now ended. After negotiations with management, underground miners returned to work for both shifts today. The proposed new roster system will be adopted from Monday October 13th.
Belvedere Resources Ltd. is a publicly-listed resource company engaged in the business of nickel production and exploring, [...]

Many Hurdles to Montana Coal Development

Land Board Is Told There Are Many Hurdles to Otter Creek Coal Development in Montana
The company that has an ownership interest with the state in Montana’s Otter Creek coal tracts told the state Land Board on Monday that there are sizable hurdles to developing the resource.
Great Northern Properties owns coal tracts in Otter Creek that [...]

Ensco International CFO James W. Swent exercises options for 15,000 shares

The chief financial officer of offshore drilling company Ensco International Inc. exercised options for 15,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.
In a Form 4 filed with the SEC, James W. Swent III reported he exercised options for the shares Friday for $27.31 to $33.55 apiece and then sold [...]

Tag: james swent

Occidental Petroleum plant fire nearly extinguished

BAKERSFIELD – The fire that began by explosions at the Occidental Petroleum is now almost completely out.
The initial explosion occurred Tuesday just after 2 p.m.
The Occidental Petroleum lease at Elk Hills is located just off Highway 119 between Interstate 5 and Taft.
The fire erupted after a natural gas leak caused an explosion in one of [...]

Tag: gas fire at elk hills, occidental petroleum corporation explosion, energy source extinguished, occidental petroleum bakersfield, occidental elk hills explosion

Sharon announces acquisition of oil and gas leases on the Eagleford Shale trend in Texas

Sharon Energy Ltd. reported that the Company has acquired, over the last three months, approximately 5,400 gross acres in the Eagleford Shale play, located in Texas. Sharon and its partner have 4,250 net acres. Sharon has a 50 % working interest in the net acres and is the Operator of the project.
Sharon’s acreage is on [...]

Tag: eagleford lease prices, la salle county texas oil gas, artesia wells texas oil, shale gas acquisition trend, drilling in cotulla tx

Omni’s Seismic Drilling Backlog Remains Strong

Omni Energy Services Corp. said Tuesday that its seismic drilling backlog remains strong at more than $56 million. Additionally, the Company said that milder than expected weather conditions during the early part of this year have contributed to better than expected production activity.
Commenting on the increased seismic drilling backlog and increased production activity, James C. [...]