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Random News from Mining Top News

Coal plans prompt warning

Environmental groups warned this week that plans for more coal-fired power plants in the Southwest will worsen the threat of global warming and undermine the states’ conservation efforts.
A report by Environmental Defense and Colorado-based Western Resource Advocates says the greenhouse gas emissions from the roughly dozen coal-fired plants planned or recently built will be the [...]

Infinity Announces Corporate Update Conference Call

Infinity Energy Resources, Inc. announced that it will host a Corporate Operations Update conference call on Tuesday, January 23, 2007 at 2:00 p.m. Eastern Time.
Webcast / Conference Call
The Company announced that it will host a conference call at 2:00 p.m. Eastern Time on Tuesday, January 23, 2007, in order to give investors a Corporate Operations [...]

CITIC Resources says may sell Macarthur Coal stake

CITIC Resources Holdings Ltd has not decided what to do with its 17.66 percent stake in Australia’s Macarthur Coal and could equally sell or hold the stake, Chief Executive Sun Xinguo said on Monday.
Macarthur’s top shareholder, Ken Talbot, has been selling down his stake of around 24 percent, opening up the possibility of [...]

Redport to merge with Mega Uranium

Australian uranium group Redport Ltd says it has entered into a merger agreement with Canadian company Mega Uranium.
Mega intends to make a scrip offer through its subsidiary for all Redport securities, worth approximately 14 cents for each Redport share and approximately nine cents per option.
The offer values Redport at $74 million undiluted or $98 million [...]

Tag: mega redport, redport uranium, mega uranium news, mega redport limited, mega uranium

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

OREX EXPLORATION INC. announce the closing of a private placement of $547,000, consisting of 7,300,000 units. On this amount, MineralFields Group, through First Canadian Securities® (a division of Limited Market Dealer Inc.), has subscribed for 5,600,000 units representing $420,000.
Each unit at a price of $0.075 per unit consists of one flow-through share and one warrant [...]

Tag: private placement canadian iron mining, private placements in canada, first canadian securities private placements exploration, orex oil, private placement and tax credit

Derek Oil & Gas Corporation Completes Purchase of Ivanhoe Energy’s LAK Ranch Interest

Derek Oil & Gas Corporation is pleased to announce the closing of the purchase of Ivanhoe Energy’s interest in the LAK Ranch Project as at November 30, 2006. The total purchase price was US$800,000 of which US$600,000 was paid in cash on November 30, 2006 and the remaining US$200,000 was paid to Ivanhoe through a [...]

ECU Silver Achieving Excellent Progress on Mineral Resource Recoveries

ECU Silver Mining Inc. provides an update on recoveries attained on its mineral resource.
ECU Silver’s mineral resource is primarily contained in sulphide mineralization plus additional oxide mineralization. The Company has been testing various methods to improve metallurgical recoveries within both these environments and has attained excellent results.
Metallurgical recoveries are very important to the success [...]

Tag: zincmines

100 projects will be funded by Gulf drilling

State officials have decided on almost 100 projects they will fund with oil- and gas-lease money derived from drilling in the Gulf of Mexico’s outer continental shelf.
“A majority of the projects that need to be funded are,” said Tina Shumate, head of the office coordinating the state’s application package. “We tried to give money to [...]

Golden Harp Resources appoints Mr. Alec Peck as Chief Financial Officer

Golden Harp Resources Inc. (TSXV:GHR) today announced the appointment of Mr. Alec Peck to the position of Chief Financial Officer (CFO) effective immediately.
Mr. Peck completed his Chartered Accountant requirements with Deloitte & Touche Chartered Accountants in Vancouver. He then practiced in Alberta prior to moving to Toronto. From 1986 until 1993, he was a partner [...]

Texas Wyoming Drilling, Inc. Enters Into Agreement With Legacy Rock Company

Texas Wyoming Drilling, Inc. a publicly traded company on Pink Sheets, has announced that it has entered into a joint venture agreement with Legacy Rock Company, a Nevada based corporation, to mine and distribute Calcium Carbonate from properties owned by Legacy Rock Company. TWDL will be in charge of operations and profits will be divided [...]

Tag: sulfuric acid price chart