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Random News from Mining Top News

Hidalgo Announces Agreement Signed With North Bay on Gold Hill Project

Hidalgo Mining International Inc. announce that it has signed a Letter of Intent with North Bay Resources Inc. to enter into a joint-venture for the development of North Bay’s Gold Hill Project. Terms of the agreement will be announced once a formal contract has been executed.
The Gold Hill Project covers 5,887 acres near the village [...]

Sabretooth Energy Ltd. completes asset sale and acquires 71% of HFG Holdings Inc.

Sabretooth Energy Ltd. announce that, further to its press release of November 25, 2008, it has today completed the sale of certain assets to HFG Holdings Inc.
Sabretooth sold 59 net sections of Montney petroleum and natural gas rights, and certain wells and seismic access and interpretations to HFG in exchange for 156,546,590 common shares of [...]

Tag: sabretooth capital management llc, hfg holdings sabretooth energy, hfg holdings sabretooth energy ltd, sabretooth capital management, sabre tooth mine

North Bay Executes Joint-Venture Agreement on Silver Leaf Property

North Bay Resources Inc. announce that it has finalized and signed a contract with Hidalgo Mining International Inc. to engage in a joint-venture for the development of North Bay’s Silver Leaf Property.
Terms of the agreement call for Hidalgo to commit up to $1.25 million US over three years for developmental drilling and surface ore recovery. [...]

Suncor Oil Sands Upgrader Running Again

Suncor Energy Inc. says production at its Alberta oil sands operation is expected to ramp up over the next several days as a planned maintenance shutdown of one of its two oil sands upgraders is completed.
The company says planned shutdowns are part of the normal operations at the facilities. This one began May 18. Unplanned [...]

Anatolia’s Copler senior debt facility approved at US$62.5 million

Anatolia Minerals Development Limited announces that Bayerische Hypo- und Vereinsbank AG, a member of UniCredit Group has received final credit approval to fully underwrite and provide US$62.5 million in senior project debt for the Company’s Copler Gold Project in Turkey.
The Debt Facility has a six year term. There is no penalty for early [...]

Canstar Resources Inc. Announces $250,000 Non-Brokered Private Placement to Explore CBS Project, Newfoundland

The Directors of CANSTAR RESOURCES INC. announce a proposed non-brokered private placement financing of up to $250,000 comprising the sale of up to 5,000,000 Units, to be sold at $0.05 per Unit, subject to regulatory approval and closing. Each Unit consists of one common share and one common share purchase warrant. Each common share purchase [...]

Tag: canstar resources inc, voiseys bay nickel project fluor

TOP Ships Announces Posting of Annual Report on Its Corporate Website

TOP Ships Inc. announced today that, pursuant to NASDAQ Rule 4350(b)(1)(A), it has posted on its website the Annual Report to Shareholders that it filed on Form 20-F with the U.S. Securities and Exchange Commission on May 21, 2008 (the “Annual Report”). The Annual Report is available on the Company’s website at http://www.topships.org. Shareholders may [...]

Martinez petroleum firm hit with suit

State and local prosecutors filed a $50 million lawsuit against a Martinez petroleum company and two of its affiliates Monday, accusing them of disabling monitoring devices that would help prevent gasoline leakage at their gas stations.
About 30 gas stations across the state owned by or associated with Martinez-based Golden Gate Petroleum were accused of [...]

Tag: dennis okeefe golden gate petroleum, golden gate petroleum martinez ca, martinez petroleum firm hit with suit

100% Ownership of Iliamna Consolidated; Geochemical Sampling Program Completed

Geocom Resources Inc. and TNR Gold Corp announce the transfer of ownership of Iliamna from BHP Billiton such that Geocom and TNR shall hold 100% legal title to the Property.
In 2003 TNR granted an option to Geocom and the Company subsequently earned its 51% interest in the Iliamna Project’s D Claims block and a 75% [...]

New World Cyberbase jumps after coal mine purchase

Shares of New World Cyberbase Ltd. soared 85 percent early on Thursday after the firm announced a plan to buy a coal mine in western Mongolia for HK$1.2 billion (US$154 million).
The company’s shares, which were suspended on January 26, gained HK$0.23 to open at HK$0.50 in resumed trading.
New World Cyberbase said in a statement it [...]

Tag: puraway holdings ltd