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Random News from Mining Top News

Eagle Plains Commences Drilling Program on Sphinx Molybdenum Project

Eagle Plains Resources Ltd. has commenced a 6,500′ (2,000m) diamond drilling program on its 100% controlled Sphinx property, located 60 km west of Kimberley, BC. Two drill rigs will be moved to the property immediately, with drilling activity to occur over the next 2-3 weeks.
Sphinx Project Summary
The Sphinx property area consists of approximately 2500 [...]

Tag: drilling under sphinx

Steelmaker boosts prices, cites energy, iron ore costs

A recent surge in steel prices continued Wednesday with ArcelorMittal saying it will increase prices by $250 a ton on some steel shipments — a move that will benefit steel companies such as U.S. Steel Corp., analysts said.
Strong global demand has increased prices for hot-rolled coiled steel from $529 a ton in October to $845 [...]

Tag: drawbacks of mining iron, does us steel have its own iron ore, what is the cost of energy needed for iron ore, iron ore industry disadvantage

Nebraska Tribe Fights Uranium Miners

Ogala Sioux got a lift from the U.S. Nuclear Regulatory Commission who ruled in late April that the tribe had legitimate concerns about groundwater contamination from a uranium mine, reports Indian Country Today. The mine owners, Cameco Corp. of Canada wants to expand the mine. The tribe believes that fractures in rock allow water used [...]

Higher N.D. oil tax not likely to dampen production

An oil tax increase this summer is unlikely to slow drilling in western North Dakota’s promising Bakken oil shale, which is leading the state toward an oil production record, industry officials say.
Prices that have soared above $120 a barrel will make the tax increase easier to tolerate, said Jeff Herman, of [...]

Tag: oil extraction tax north dakota, north dakota oil taxes, montana oil tax, north dakota oil extraction tax, bakken wells qualifying for reduced extraction tax north dakota

Regency Energy Partners LP Announces Cash Distribution

Regency Energy Partners LP announced a cash distribution of 37 cents per unit for the fourth quarter ending December 31, 2006. The distribution will be paid on February 14, 2007, to unitholders of record at the close of business on February 7, 2007. This quarterly distribution equates to $1.48 per unit on an annual basis.
Regency [...]

Gold Demand Surges as Investors Turn to Wealth Preservation

Fears of future inflation and ongoing financial uncertainty led investors to continue to flock to gold in the first quarter of 2009, seeking out its proven wealth preservation qualities. Total demand for gold in Q1’09 rose 38% year on year to 1,016 tonnes, representing a 36% rise in value terms to US$29.7bn.
According to figures published [...]

Tag: what countries produce the majority of gold, brady gavin lavelle, top 10 gold consuming countries 2007

Orchard to Begin Forbes Drilling Program in California

Orchard Petroleum says the new drilling program at the Forbes Project has commenced with the spudding of the South Buckeye 1-18 well. The Forbes Project is located in the Sacramento Basin which is in the northern part of California.
The Kenai # 3 rig began drilling the South Buckeye 1-18 well on October 24th and has [...]

Royal Petroleum Corp. Announces Forward Stock Split

Royal Petroleum Corporation Board of Directors has approved a forward split of the Company’s stock. Shareholders of record as of April 23, 2007 will receive 5 (five) common shares for every 1 (one) common share held. There will be no change in the par value of the shares. Royal Petroleum shareholders of record will [...]

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 [...]

Govt to offer 20 coal blocks for captive mining

The government would offer 20 blocks for captive mining for which it has received more than 700 applications.
Speaking at the Energy Summit here today, advisor (projects) with the Coal ministry P R Mandal said that a meeting had been convened on June 23 to discuss the modalities for distributing the blocks among the parties.
Earlier, 97 [...]