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Random News from Mining Top News

Precision Drilling Trust and Grey Wolf, Inc. Announce Definitive Merger Agreement

Precision Drilling Trust and Grey Wolf, Inc. announced that their Board of Trustees and Board of Directors, respectively, unanimously approved a definitive merger agreement pursuant to which Precision will acquire Grey Wolf.
The combination of Precision and Grey Wolf will have land drilling operations in virtually every conventional and unconventional oil and gas basin in [...]

Tag: precision drilling cost basis, grey wolf merger consideration, oil drilling companies land rigs grey wolf, precision drilling trust grey wolf cost savings, grey wolf precision drilling merger

Waratah Provides Update on Shareholder Rights Plan

Waratah Coal Inc. announced today that the TSX Venture Exchange (TSX-V) has determined to defer its review of Waratah’s recently adopted shareholder rights plan until such time as the TSX-V is satisfied that the applicable securities commission(s) will not intervene pursuant to National Policy 62-202 of the Canadian Securities Administrators.
The shareholder rights plan remains effective [...]

Hana Mining Adds Percussion Drill Rig to its Copper-Silver Project in Botswana

Hana Mining Ltd. “We now have three drill rigs operating in three separate areas; two are in Zone 2 and 4 kilometers apart and the third is 95 kilometers northwest in Zone 6. We are intersecting copper mineralization everywhere the prospective horizon has been drilled,” states Peter Wilson, President of Hana Mining.
Hana is pleased to [...]

Left Behind Games Information to Be Available Through S&P Market Access Program

Left Behind Games Inc. (OTC BB:LFBG.OB – News) announced today that its company information will be made available via Standard & Poor’s Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor’s Advisor Insight. The company information to be made [...]

Diamonds North Discovers Another Gold Source on Amaruk

Diamonds North Resources Ltd. announces the discovery of a gold bearing iron formation on its 100% owned Amaruk property located in Nunavut. Initial regional prospecting returned grab samples with over 0.5 gram per tonne (g/T) gold including a sample yielding 1.2 g/T gold.
The sub-vertical sulfide rich iron formation was traced over more than 6.5 kilometres [...]

Stoneham Drilling Trust Announces Cash Distribution for February 2007

Stoneham Drilling Trust announced that its cash distribution for the period from February 1, 2007 to February 28, 2007 will be $0.15 per trust unit ($1.80 per annum). The distribution will be paid on March 15, 2007 to unitholders of record on February 28, 2007.
Stoneham Drilling Trust is an income trust that provides contract drilling [...]

Energy bill offsets oil, gas companies

A provision in a House-passed energy bill would take steps to reduce the time energy companies say they waste waiting for the government to act on permits to drill or mine for oil, gas and coal.
Interior Department officials have said they are struggling to keep up with the growing mountain of applications for permits to [...]

Spot Prices for Coal Weigh Heavily on Shares of Producers

Spot coal prices have plummeted over the last 12 months and shares of most coal producers have gone along for the ride, but overall pricing in the industry is surprisingly robust.
Until this summer, spot coal prices, or the price a customer might pay in a one-time transaction for immediate delivery, were riding high. According to [...]

Tag: appalachian spot coal prices

Nitro Lube, Inc. Joins Canadian Mining Association ‘CAMESE’

Nitro Lube, Inc. (Other OTC:NTLB.PK – News) announced today that the company has joined the Canadian Association of Mining Equipment and Services for Export (http://www.camese.ca).
Jason Rite, CEO of Nitro Lube, Inc, stated, “Our membership in CAMESE will substantially increase Nitro Lube’s visibility to the mining industry world-wide.” He added that he expects sales of the [...]

Tag: nitro lube, nitro lube lubricants jason rite

ConocoPhillips invests in $4B REX natural gas line

ConocoPhillips has acquired partial interest in a planned 1,663-mile pipeline project that would link rich gas fields in the Rocky Mountains to gas-hungry eastern North American markets.
The Rockies Express Pipeline, or REX, would supply the same markets as a proposed 3,600-mile, $25 billion to $30 billion pipeline linking Alaska’s North Slope gas reserves to the [...]