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Random News from Mining Top News

Gold sales seen rising despite higher prices

GOLD prices have again started moving up after remaining stable for a few days. Yesterday 24-carat gold closed at QR79.50 a gram in the local market. Twentytwo-carat gold closed at QR73.50 a gram while for 10 tolas (116gm) the price was QR8,950 yesterday.
Industry sources said despite the rising prices the gold sales had been brisk. [...]

Asia’s largest wind power generator begins operations

Asia’s largest wind power generator in unit capacity recently went into operation on Dongshan Island, Fujian province in east China, according to the overseas edition of People’s Daily on Tuesday.
It can generate 70 million kilowatts/hour per year and has a combined installed capacity of 30,000 kilowatts. China Longyuan Electric Power Group Corporation and other enterprises [...]

Serica Energy provides supplemental information regarding its prospects in Ireland

Serica Energy plc provides further information regarding Serica’s Petroleum Exploration Licence PEL 01/06 covering three blocks in the southern Slyne Basin off the west coast of Ireland.
This information in respect of the Licence and the Bandon and Boyne prospects is supplemental to that provided in Serica’s news release of 2 September 2008 and is provided [...]

Dianor Resources Completes Acquisition of Surface Rights to Leadbetter Extension Property

Dianor Resources Inc. announce that it has completed a previously-announced purchase of surface rights to the Leadbetter Extension Property from persons associated with Mr. Joseph Leadbetter and that the surface rights have been registered in Dianor’s name.
As previously announced, under the definitive agreement for the sale of the surface rights and a related agreement for [...]

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IEA Sees Slower Growth in Oil Demand

The International Energy Agency, an adviser to mostly western, industrialized nations, said high prices are cutting demand for oil and petroleum products in the U.S. and Europe. The IEA cut its global oil demand growth forecast for this year to 1.2 percent from 1.5 percent. In the U.S., the IEA said demand for oil may [...]

WOULD AMEND EXTENDED-WEIGHT COAL-HAUL LAW

House Bill 161, which would require the Transportation Cabinet to issue permits to coal trucks with extra axles to carry extra weight, could be a can of worms that state Rep. Hubert Collins will not open.
“No, I’m not inclined to do that,” Collins, chairman of the House Transportation Committee, said last week. “We’re going pretty [...]

Tag: kentucky coal trucks and trailors

Pickens Puts Billions into Wind Power

Mesa Power, a renewable energy company founded by billionaire Texas oilman T. Boone Pickens, placed an order for 667 wind turbines from General Electric Co. as part of a $2 billion startup of what is slated to become the world’s largest wind farm.
“You find an oilfield, it peaks and starts declining, and you’ve got to [...]

Harsco Completes $450 Million Bond Offering

Worldwide industrial services company Harsco Corporation announced it has successfully completed a bond offering of 5.75%, 10-year senior notes totaling $450 million. The notes were rated A3 by Moody’s and A- by both Standard & Poor’s and Fitch. The managing underwriters of the offering were J.P. Morgan Securities Inc., Citigroup Global Markets Inc., and Greenwich [...]

Nevada Gold Holdings Inc. Appoints Dave Mathewson as CEO, President and Chief Geologist

Nevada Gold Holdings, Inc., a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, is pleased to announce that at the end of 2008, Dave Mathewson was appointed as CEO, President and Chief Geologist of the Company.
Dave Mathewson is well known in the Nevada gold community. He has been an exploration [...]

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Mooncor acquires 56,960 acres in western Canadian shale gas play

Mooncor Oil & Gas Corp. announce that it has recently acquired 56,960 acres of 100% working interest lands on a shale gas play in the western Canadian Sedimentary Basin. The shale gas play has been successfully exploited by other industry players in another area of the western Canadian Sedimentary Basin. This property, acquired at [...]

Tag: atac resources ltd