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Random News from Mining Top News

Drilling begins on 10,000th well in UK sector of North Sea

A MAJOR milestone in the history of the UK’s offshore oil and gas industry was reached yesterday as drilling began on the 10,000th well in the seabed off Britain’s coast.
The landmark well was announced by CDA Ltd, the oil and gas data management services subsidiary of the UK Offshore Operators Association which monitors the wells [...]

Russia’s Mechel buys over 95% of shares in Britain’s Oriel

Mechel, a leading Russian mining and metals company, said on Thursday it had acquired 95.69% of shares in the UK-based Oriel Resources Plc, which owns assets in Russia and Kazakhstan.
Mechel made a $1.498 billion purchase offer to Oriel, a London-based chrome and nickel mining and processing company valued at around $1.2 billion, in late March. [...]

Stone Energy Corporation Announces Impact From Hurricane Gustav

Stone Energy Corporation provided an update on the impact of Hurricane Gustav on its operations. The adverse weather conditions associated with Hurricane Gustav resulted in substantially all offshore drilling and production activities in the Gulf of Mexico being suspended as of Saturday, August 30th. Stone safely evacuated all employee and contract personnel prior to the [...]

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Rio Tinto plays hardball on iron ore prices

The world’s second biggest iron ore miner has flagged changes to the way the commodity is priced saying it is prepared to sell into the lucrative spot market and hold off on finalising contracts until major Chinese customers cave in to its demands.
The head of Rio Tinto’s iron ore division, Sam Walsh, says the company [...]

LAI Lands Contract for Manufacturing Components Used for Oil Exploration

LAI International, Inc., strategic supplier of precision components and sub-assemblies for original equipment manufacturers has announced it has secured contract awards for manufacturing precision components used for oil and gas exploration.
LAI uses advanced processes to manufacture a series of flex couplings, which incorporate an interlocking design in four-feet-long alloy steel pipe, used to steer down-hole [...]

Canadian Royalties Nunavik Nickel Project Update

Canadian Royalties Inc. provides the following update about the progress of construction of its Nunavik Nickel Project, and about the implementation of an Asset Conservation Plan, previously announced on August 5th, 2008.
The ongoing 2008 Exploration Program is progressing as planned with over 24,000 metres drilled to date; results will follow in separate news releases commencing [...]

Coal transfer site, ethanol plant eyed

A western Kentucky firm is planning a $200 million coal transfer operation and an ethanol plant in McCracken County that could create hundreds of construction jobs and about 80 full-time jobs.
Charlie Skaggs, an engineer who works for Cornette Engineering Services of Madisonville, told The Paducah Sun that the project involves a terminal to transfer coal [...]

Atwood Oceanics Announces Conditional Exercise of Option to Build Ultra-Deepwater Semisubmersible Drilling Unit With Jurong Shipyard

Atwood Oceanics, Inc. (Houston based International Offshore Drilling Contractor) (NYSE: ATW) announced today that its wholly-owned subsidiary, Atwood Oceanics Pacific Limited, conditionally exercised an option to construct an ultra-deepwater semisubmersible drilling rig to be built based on the Friede & Goldman Ex-D Millennium Dynamically Positioned Semisubmersible rig design with Jurong Shipyard Pte. Ltd. (“Jurong”) in [...]

Trial in coal contract dispute to begin

Opening arguments are expected today in a lawsuit that pits a steel maker against West Virginia’s largest coal company.
Wheeling-Pittsburgh Steel Corporation is suing a subsidiary of Richmond, Virginia-based Massey Energy for failure to deliver coal to the steel producer’s coking operation in Follansbee.
Wheeling-Pitt sued Central West Virginia Energy Company in April 2005 claiming the company [...]

Hawthorne Commences Mining of Bulk Sample from Taurus

Hawthorne Gold Corp. announce the Company has commenced the extraction of a 10,000-tonne bulk sample from the Sable Zone located within the Taurus claim area.
On August 14, 2009, the Company received the Notice of Work approval # 09-0100011-0814 from the Ministry of Energy, Mines, and Petroleum Resources to extract the bulk sample. The bulk sample [...]

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