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Random News from Mining Top News

Ipsco Net Rises to Record on Oil-Industry Steel Sales

October 25th, 2006

Ipsco Inc., a maker of steel pipe for oil and natural-gas companies, said third-quarter profit rose 47 percent to a record as the company’s tax rate fell and demand improved for metal equipment used in energy exploration.
Net income rose to $197 million, or $4.15 a share, from $134 million, or $2.78, a year earlier, Lisle, [...]

Mechel Starting New Production At Korshunov Mining Plant

June 24th, 2009

Mechel OAO, one of the leading mining and metals companies, announces starting production for repair of type 2 BC-105 dump cars at its Korshunov Mining Plant OAO subsidiary and obtaining a permit for the repaired dump cars to be used at railways of Russia.
To establish the production reconstruction of repairs and mechanics shop was [...]

Oil prices hit all-time high above $115 a barrel

April 17th, 2008

Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones [...]

Storm Cat Energy Corporation to Present at CAPP Oil & Gas Investment Symposium

June 17th, 2007

Storm Cat Energy Corporation announced that Keith J. Knapstad, Acting President and Chief Executive Officer, is scheduled to present at the 2007 Canadian Association of Petroleum Producers (CAPP) Oil & Gas Investment Symposium in Calgary, Alberta on June 19th.
The Company’s presentation will take place at 10:20 am MDT on Tuesday, June 19th and will be [...]

Blackrock Resources Enters into Letter of Agreement for Joint Venture in Gold Hill Mining District, Colorado

July 27th, 2009

Blackrock Resources Inc. an independent mineral exploration company engaged in the acquisition, exploration and development of high-quality gold, silver, and copper properties in North and South America announce that it has signed a letter of agreement with Global Minerals Ltd., a British Columbia company, to enter into a joint venture to develop and exploit Global [...]

Patriot Gold Initiates Drilling at Moss Mine Project, Arizona

June 10th, 2009

Patriot Gold Corp. announce that drilling has been initiated at its Moss Mine Project located within the historic Oatman District of northwestern Arizona. A program of six or seven core holes is testing the down-dip extension of the Moss vein system. Total drilling footage is estimated at 3,000 feet. The drilling will test approximately 2,000 [...]

Lightning strikes cut power at big PNG gold mine

December 21st, 2006

Production at the Porgera gold mine in Papua New Guinea will likely suffer after a lightning strike disrupted power supplies, part-owner Emperor Mines Ltd. (ASX: EMP.ax) said on Thursday.
A number of generators were knocked out by a series of lightning strikes, reducing power to the mine, it said.
Supplementary power was helping reduce the impact of [...]

Petaquilla Copper Announces Mailing of Special Meeting Information Circular

October 31st, 2008

Petaquilla Copper Ltd. announced that it has mailed to shareholders and warrant holders and filed on the System for Electronic Document Analysis and Retrieval (SEDAR) a management information circular and related documents in connection with a special meeting of shareholders to be held on Wednesday, November 26, 2008.
The special meeting has been called to approve, [...]

Western Wind Energy to launch countersuit against Pacific Hydro

November 19th, 2006

Western Wind Energy is pleased to announce that it will launch a series of countersuits against Pacific Hydro Limited of Australia seeking compensation and damages in excess of $1 billion.
Pacific Hydro had acquired by January 27, 2006, 6 million common shares of Western Wind Energy and 6 million share purchase warrants.
Pacific Hydro owns approximately 25.2% [...]

Minefinders Closes C$40 Million Bought Deal

December 12th, 2008

Minefinders Corporation Ltd. reported that the Company has closed its previously announced C$40,020,000 bought deal offering in which a syndicate of underwriters purchased 9,200,000 units from Minefinders for sale to the public at a price of C$4.35 per unit. Each unit consists of one common share of the Company and one-half of one common share [...]