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Random News from Mining Top News

Statoil to acquire oil, gas divisions of Norsk Hydro

Norwegian petroleum companies Statoil and Norsk Hydro elbowed into the global fray for oil Monday with a plan to form a state-controlled giant that would be the world’s largest offshore oil producer.
Statoil said it was acquiring the oil and natural gas operations of its smaller rival in a $30-billion deal largely motivated by their drives [...]

Government Task Force Probing Oil and Commodity Markets

The federal government formed an interagency task force to assess developments in oil and other commodity markets.
It is made up of staff from the Commodity Futures Trading Commission, the Federal Reserve, the Securities and Exchange Commission, and the departments of Treasury, Energy and Agriculture. The task force will examine oil supply and demand factors, investor [...]

Sultan Minerals Receives Encouraging Metallurgical Results for Jersey-Emerald Molybdenum

Sultan Minerals Inc. is pleased to report that it has now received encouraging results from a preliminary Metallurgical Test for Molybdenum Flotation completed on a composite drill core sample from its Jersey-Emerald Property in southeastern British Columbia. The metallurgical study was completed by Process Research Associates Ltd. of Richmond, BC.
The metallurgical study blended core samples [...]

Powertech Uranium Gets Permit to Look for Uranium in Southwestern Corner of South Dakota

Powertech Uranium Corp. has received a state permit to drill 155 exploratory holes to look for uranium in the southwestern corner of South Dakota.
Approval of the permit Wednesday by the state Board of Minerals and Environment is the first uranium exploration permit issued in more than 25 years.
Powertech president Richard Clement said his company hopes [...]

Basic Earth completes drilling operations on Rival Formation re-entry

Basic Earth Science Systems, Inc. and its partners have completed drilling the third of three horizontal legs on the State #16-1H, a horizontal re-entry in McKenzie County, North Dakota. The horizontal drilling equipment is now being removed from the well and plans are to move off the drilling rig and move the pumping unit back [...]

Liberty Star and Mayo Gold Joint Venture on Sonora Gold Property

Liberty Star Uranium & Metals Corp. (the “Company”)(OTCBB:LBSU) is pleased to announce that the CEO/President of the Company, James A. Briscoe, and the CEO/President of Mayo Gold Explorations Ltd. (“Mayo Gold”), Pedro Villagran Garcia, have signed a Letter of Intent to joint venture the El Papago Project (“El Papago”) in Sonora, Mexico and the Tombstone [...]

Host says G-20 summit to discuss energy security

The Group of 20 meeting of finance ministers and central bankers will discuss ways to ensure energy and resource security in light of strong demand from China and India, Australian Treasurer Peter Costello said on Sunday.
Costello will host the G-20 summit in Melbourne on November 18 and 19, with finance ministers and central bankers from [...]

Quest Adds Larger Shuttle Car to the Mix

Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, announced today that it has added a JOY (64” Bed) 21SC shuttle car to its underground operations.
Everett Hampton, President of Whitestar Mining, LLC., commented, “This second shuttle car will help increase our production immensely, as it cuts down the time [...]

Chevron profit off on gas prices, mirrors industry

Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell 9 percent, pulled down by weaker natural gas prices that have pared record earnings across the industry.
The decline in Chevron’s profit mirrors similar fourth-quarter drops at U.S. rivals Exxon Mobil , ConocoPhillips , and Marathon Oil Corp. — a [...]

Tube City IMS, LLC and China’s Sinosteel Corporation Sign Strategic Cooperation Agreement

Tube City IMS, LLC, a service provider to steel mills and foundries throughout the world, announced the signing of a strategic cooperation agreement with Sinosteel Corporation of Beijing, China.
I Michael Coslov, Chairman and CEO of Tube City IMS, and Huang Tianwen, President of Sinosteel, signed the agreement at Tube City IMS’ Corporate Headquarters in Glassport, [...]

Tag: sinosteel