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Random News from Mining Top News

Tiomin announces delay of its mineral sands project in Kenya

As foreshadowed here on Mineweb on November 22nd, Tiomin Resources Inc. (TSX: TIO) announced yesterday that construction of its Kwale mineral sands project in the east African country of Kenya has been delayed to allow the Kenyan government resolve land wrangles with resident farmers, provide access to the project site and fulfill remaining conditions required [...]

Hidalgo Mining International Expands Banking Relationship

Hidalgo Mining International announced that the company has continued and is expanding its banking relationship with JP Morgan Chase in lieu of recent developments, and in line with management’s plan to expedite multi-site production operations and gold recovery. Management announced that its banking relationships are being enhanced in part because of recent permit renewals, [...]

Tag: us fuel mining international inc new york, us fuel mining international, us fuel mining, fuel and mining international, hidalgo mining international

Metals, mining stocks climb on more merger speculation

Speculation about more megamergers and an extended business cycle for metals and mining companies helped drive the industry’s stocks higher Monday.
The expected merger of the world’s two largest steelmakers – Mittal Steel Co. and Arcelor SA – looks more certain after a shareholder vote to reject a competing transaction. Mittal is based in Rotterdam, Netherlands, [...]

Stellar Sell its Uranium Properties in the Otish Bassin

Stellar Pacific Ventures announce that it has completed all formalities and received all approvals to signed an agreement with Otish Energy Inc in witch Otish Energy has the option to purchase 100% interest in Stellar’s properties SB1, SB2 and SB3 located in the Otish Mountains uranium district.
The Otish SB1, SB2 and SB3 properties consist [...]

Transocean Inc. to announce Agreements to Sell GSF Arctic II and GSF Arctic IV

Transocean Inc has published reporting that the company announced that certain of its subsidiaries have entered into agreements to sell the GSF Arctic II and GSF Arctic IV semisubmersible rigs to Northern Offshore, Ltd. for total proceeds of approximately $750 million. The divestitures will complete Transocean’s previously announced undertakings to the Office of Fair Trading [...]

Alexco Enters Into Silver Purchase Agreement With Silver Wheaton

Alexco Resource Corp. announce that it has entered into a silver purchase agreement with Silver Wheaton Corp. under which Silver Wheaton will purchase 25% of the life of mine silver produced by Alexco from its Keno Hill Silver District in Canada’s Yukon Territory. The agreement anticipates that the initial silver deliveries will come from the [...]

Hellenic Petroleum unit to invest 100 mln eur for market share – brokers

Greek refiner Hellenic Petroleum’s Bulgarian unit Eco Elda will be investing 100 mln eur to increase its market share, brokers told Thomson Financial News.
Brokers added that the unit wants to increase its share to 10 pct in 2010 from 1.5 pct in 2005.
Currently Eco Elda is the fifth-largest retail fuel distributor in Bulgaria.
Hellenic Petroleum confirmed [...]

Nevada Exploration Announces Exploration Agreement with International Enexco to Drill at Hot Pot Gold Property

Nevada Exploration Inc. announce that it has entered into an Exploration and Option to Joint Venture Agreement with International Enexco Ltd. on the Hot Pot Gold Property. The Agreement calls for Enexco to complete a work program that includes 6,000 meters (19,600ft) of drilling over three years to earn a 51% interest in the [...]

Shares of Aluminum Producers Mostly Gain As the Price of the Commodity Rises

Shares of most aluminum producers rose Monday as prices for the commodity rose, offsetting a warning from a Deutsche Bank analyst.
FBR Capital Markets analyst Amir Arif said in a client note that he is “most concerned about (Pittsburgh-based Alcoa Inc.), not so much on the expected first quarter 2008 results, but on second quarter 2008 [...]

CVRD buys MBR iron ore unit from Japanese partners

Brazil’s CVRD, the world’s biggest iron ore miner, said on Wednesday it will acquire full control of its iron ore subsidiary, Mineracoes Brasileiras Reunidas (MBR), from Japanese partners.
Companhia Vale do Rio Doce previously held an 89.8 percent stake in MBR, the world’s fourth-largest iron ore producer, with output of 64.6 million tonnes in 2006. MBR [...]

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