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Random News from Mining Top News

Copper Rises to Highest in Almost Four Months on Chinese Demand

Copper prices in New York rose to the highest in almost four months on speculation demand will climb in China, the world’s biggest user of the metal.
Prices have more than tripled in the past four years as China built more homes, cars and appliances. Demand for copper in the country may increase 8 percent to [...]

ARM sells half of Nkomati Nickel to LionOre

African Rainbow Minerals (ARM), the diversified South African mining group, has sold half of its Nkomati Nickel Mine to LionOre Mining, a Toronto-listed nickel producer for $48.5 million.
In ARM’s 2004 annual report, the company said that it was in discussions with a strategic technical partner to expand the current operations at the mine, located a [...]

EOG Resources to Record Fourth-Quarter Price Swap Gain of $31.5 Million

EOG Resources Inc., a producer of crude oil and natural gas, said Friday it expects to record a fourth-quarter gain of $31.5 million from financial price swap contracts.
In a filing with the Securities and Exchange Commission, the Houston company said in a statement it expects a fourth-quarter gain of $27 million from natural gas financial [...]

Sunset Island Group Signs LOI To Acquire Oil Field

Sunset Island Group announced that it has signed a letter of intent to acquire several oil and gas leases in Texas.
The leases, located in southwest Texas, will cover approximately 26,000 acres in the Maverick Oil Basin. “We feel very pleased to be able to acquire a property in such a rich oil and gas producing [...]

Petris acquires Maurer drilling software suite

Petris Technology, Inc. has acquired the software and support assets of the Maurer Technology software owned by Noble Technology Services, a division of Noble Corporation, on June 30, 2006. Under the terms of the agreement, Petris will assume world-wide responsibility for the development, sales, service, and future development of the Maurer drilling and completion software. [...]

Maya Gold & Silver Inc.: Closing of a Private Placement

Maya Gold & Silver Inc. announce that it has closed the previously announced non-brokered private placement of 540,000 units at a price of $0.25 per unit for gross proceeds of $135,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase [...]

Maestro Appoints Hans Rasmussen President

Maestro Ventures Ltd. announce that Mr. Hans J. Rasmussen has been appointed President of the Company.
Mr. Rasmussen has 24 years experience in the mineral exploration business, including 4 years working for Newmont Exploration in the late 1980’s focused on gold exploration along the Carlin Trend, Nevada, and 12 years with the Kennecott-Rio Tinto group focused [...]

OriginOil Acknowledged as Prominent Algae-to-Oil Company on Capitol Hill

OriginOil, Inc., the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced that its breakthrough technology was recognized in testimony provided before the Senate Subcommittee on Environment and Public Works on May 19, 2009.
During the session, which was entitled “Business Opportunities and [...]

Tag: origin oil co

Strathmore Cites No Material Adverse Changes to Its Business Plan to Account for Share Price Decline

Strathmore Minerals Corp. announces that the company has had no material adverse changes to its business plan to warrant the recent decline in its share price. Management remains very confident in its projects and the progress being made on a number of business initiatives, including those updated in recent news releases.
STRATHMORE MINERALS CORP. is a [...]

SRA Announces Robust Scoping Study on Germanium and Gallium

Strategic Resource Acquisition Corporation is pleased to announce the results of a preliminary assessment (“scoping study”) conducted by Aker Metals on the economic viability of a process to recover both Germanium (Ge) and Gallium (Ga) in the zinc leachate from smelting Mid-Tennessee zinc (MTZ) concentrate.
The study is based on a projected plant feed of 13,000 [...]

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