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Random News from Mining Top News

Oromonte announces effective date of share consolidation and name change to Georox Resources Inc.

Oromonte Resources Inc. announces that it has implemented its previously approved share consolidation on a three for one basis (the “Consolidation”) and a name change to “Georox Resources Inc.” (the “Name Change”). The share consolidation and name change were approved at the Company’s Annual and Special Meeting of Shareholders held on June 30, 2008 with [...]

Oil tops $126 a barrel for first time

Oil prices surged past $126 a barrel for the first time, capping a week of record highs, amid concerns that a possible confrontation between the U.S. and Venezuela could cut exports from the key South American oil producer.
Light, sweet crude for June delivery vaulted to a new record of $126.20 on the New York Mercantile [...]

Brush Wellman Inc. Beryllium Products Unit Licenses Coating Technology

Brush Wellman Inc. announced today that it has entered into a licensing agreement with Mafco Inc. of Largo, Florida to acquire corrosion protection coating technology as applied to beryllium materials.
The technology will be utilized on select beryllium metal and aluminum beryllium composite products manufactured by Brush Wellman’s Beryllium Products unit. The acquired Mafco technology includes [...]

Tag: brush wellman mafco, berillium miners, largest beryllium miner, brush wellman mining, berrylium miners

Norsemont Mining Receives Unsolicited Expressions of Interest

Norsemont Mining Inc. announced that in response to recent unsolicited expressions of interest to acquire the Company, the Board of Directors has formed a Special Committee and is in the process of retaining independent financial advisors. The Special Committee has retained Fraser Milner Casgrain LLP as its legal advisors. The Company cautions shareholders that there [...]

Oil prices edge higher in London

Oil prices edged higher Tuesday, after tumbling more than $2 a barrel the previous day as traders anticipated that U.S. supply data due out this week would show rising inventories of crude.
Traders were also doubtful about OPEC’s ability to implement its plan to cut 1.2 million barrels a day of production ”” or that it [...]

Gravel mining issue draws fire

Jean Oxford has waited almost a year and a half for violations caused by an in-stream gravel mining company to be fixed.
Oxford, who lives in Yellville near Crooked Creek with her husband, Kenneth, was one about 40 people who voiced their concerns about approving three in-stream gravel mining permits during a two-hour Arkansas Department of [...]

Tag: edgar cole arkansas, crooked creek adeq

Hercules Offshore, Inc to Announce Second Quarter 2008 Earnings

Hercules Offshore, Inc is reported to have reported net income of $20.0 million, or $0.22 per diluted share, before separation related charges, on revenues of $270.8 million for the second quarter 2008, compared to net income of $24.2 million, or $0.74 per diluted share, before charges, on revenues of $99.0 million for the second quarter [...]

White Mountain Completes $2.13 Million Financing and Advances Pilot Plant Program at the Cerro Blanco Project

White Mountain Titanium Corporation reports that it has completed a private placement financing and raised $2.13 million. The Company issued 2.84 million common shares at a price of $0.75 per share. Third party advisory fees related to the financing total $131,946.
The Company will use the funds for general treasury purposes, as well as advancing the [...]

India’s L&T wins 28 mln eur order from China’s Zhongyuan Coal Chemical unit

India’s Larsen & Toubro Ltd (L&T) said it has won a 28 mln eur order from a unit of China-based Zhongyuan Coal Chemical Industry Group, for the supply of a coal gasifier and cooler assembly.
In a regulatory filing, the country’s largest engineering and construction group said the order was won by its heavy engineering division [...]

South African Mining Company Buying a Major Gold Reserve

The South African mining company Gold Fields said Monday that it would acquire a 50 percent stake in the South Deep mine in South Africa from Barrick Gold of Toronto in a deal worth more than $1.5 billion.
In addition, Gold Fields said it intended to make an offer for the rest of the mining company [...]