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Random News from Mining Top News

Vermilion Energy Trust Announces Notice of Verenex Energy’s Strategic Review

Vermilion Energy Trust wishes to inform unitholders that the board of directors of Verenex Energy Inc. (“Verenex” or the “Company”) has initiated a process to identify, examine and consider a range of strategic alternatives available to Verenex to maximize shareholder value.
Background – Vermilion holds approximately 18.8 million shares of Verenex, representing approximately 42.4% of Verenex’s [...]

Exotic Gemstone Collection From Stone Mart Adds Touch of Luxury to Design Projects

Gemstones can transform the average living space into something truly extraordinary, and serve as an attractive element of any design project. Stone Mart, one of the country’s leading purveyors in exotic stone, granite countertops and marble flooring, continues to be a premier destination for exotic gemstones and unique accents that can be used for several [...]

Tag: countertop gemstone tiger eye, exotic counters, types of exotic stone for countertops, top collection gemstone, stone mart granite countertops

Almo Capital Corp. – Drilling starts on Moore Property, Kamloops Mining Div., B.C.

Further to the News Release in the quarterly Financial Report of June 23rd 2008, we are pleased to announce that the preparation for the diamond drilling is in progress and the driller is on the site. A firm drilling contract has been signed with the driller for minimum of ten holes in the first stage. [...]

Tag: almo capital moore

Ecuador: Petroecuador plans drilling of 5 wells on block 15

The Petroproducciã³n subsidiary of Ecuador’s state oil company Petroecuador plans to contract two drilling rigs by October to drill five wells on block 15’s Limoncocha and Edã©n Yuturi fields, according to Block 15 documents obtained from Petroecuador by BNamericas.
As of August 15, production on the block was 100,113 barrels of crude a day (b/d) compared [...]

Magnetic Survey Identifies Three New Uzboy Exploration Targets

Alhambra Resources Ltd. provide an update on a recently completed total field magnetometer survey. The magnetic survey covered an area of approximately 132 square kilometres surrounding Alhambra’s 100% owned Uzboy gold deposit located in north central Kazakhstan.
The magnetic survey has identified three large exploration targets within close proximity to the Uzboy gold deposit where the [...]

US oil and gas rigs rises by 6

The number of rigs actively exploring for oil and natural gas in the United States rose by six this week to 1,928. A year ago, the rig count stood at 1,790.
Of the major oil- and gas-producing states, Texas gained 14 rigs, Oklahoma added five and Alaska and California each gained one. Louisiana lost nine rigs, [...]

Mechel OAO Commences Construction of Coal Transshipment Complex at Vanino Port

Mechel OAO, one of the leading Russian mining and metals companies, announces that it has launched the initial project stages to construct a specialized coal transshipment complex at Vanino Port (Vanino SCTC), Khabarovsk Krai, Russia.
The specialized coal transshipment complex at Vanino SCTC is an integral part of the Neryungrinsky and Elga coal deposits development project. [...]

Tag: montreal, phosphate mining logistic, talvivaara

Hyperdynamics Contracts TDI-Brooks for Oil Seeps Study Offshore the Republic of Guinea

Hyperdynamics Corporation announced that it has contracted TDI-Brooks International of Houston to conduct a comprehensive oil seeps study of the company’s 31,000-square-mile oil and gas concession offshore Guinea. The sample collection is expected to begin in mid-October.
“We are conducting this study to survey known sites of oil seepage in three areas of our concession,” said [...]

Tag: conocophillips approved

Brilliant Mining Corp.: New Geophysical Drill Targets Identified at Tramways Tenements Kambalda Nickel District, Western Australia

Brilliant Mining Corp. (TSX VENTURE:BMC; “Brilliant”) is pleased to announce the results from the deep penetrating electromagnetic survey conducted on the Tramways Tenements (“Property”), Kambalda Nickel District, Western Australia.
“The discovery of several geophysical conductors in the northern portion of the property, an area with no prior history of exploration, demonstrates the significant potential of the [...]

African Minerals realises $2.5 million in fourth sale of rough diamonds

African Minerals Ltd. said it sold 7,218.86 carats at $345.84 per carat, realising gross sale proceeds of $2.5 million, at its fourth sale of rough diamonds.
The mineral exploration company said Special Diamond Company Ltd., a subsidiary company of Overseas Diamonds N.V., undertook the sale.
The sale of diamonds, which attracted 10 buyers, was fully compliant with [...]