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Random News from Mining Top News

U.S. undecided if Mississippi salt dome will store petroleum

Mississippi officials don’t expect a decision before the end of the month on whether part of the nation’s strategic petroleum reserve will be stored in the Richton salt dome.
Richton is one of two sites under consideration in Mississippi. The U-S- Department of Energy in 2005 added the Bruinsburg salt dome near the Mississippi River just [...]

Tag: salt domes in mississippi, richston mississippi salt dome, bruinsburg dome

Earthquake shakes up German coal mining

German pensioner Erika Ihiebert has lived with minor earth tremors caused by coal mining for years. RAG Deutsche Steinkohle, the firm that runs the mine near Saarwellingen, acknowledges that mining in the area is causing tremors.
RAG was quick to announce a halt to mining.
Together with the northern Ruhr area, Saarland is one of Germany’s historic [...]

India wants Australia to re-think uranium sales

India believes it will only be a matter of time before the Australian government supplies it with uranium.
The Labour Party government in Australia has decided against selling yellowcake to India.
Even though the previous Australian administration was in favour of supplying uranium to India, the new government has banned sales because New Delhi is not a [...]

Investors Primed for Profits with UPDA’s Oil and Natural Gas Extraction

“The Florida-based UPDA (www.updastock.com) is doing its part to help the U.S. become more energy independent by buying and leasing U.S. properties with proven oil reserves, applying state-of-the-art technology, and pumping out sought-after oil and natural gas. “Americans use over 20 million barrels of oil a day, over half of which is imported,” said Abdullah. [...]

Truba Alam to sell 38.46 pct stake in IPO

PT Truba Alam Manunggal said it will sell 5 bln shares or 38.46 pct of its enlarged capital via an initial public offering (IPO) slated for Sept 27 to 29.
The listing on the Jakarta Stock Exchange is tentatively scheduled for
Oct 5.
The company said in a published prospectus that it will use the entire IPO proceeds [...]

Tag: truba alam prospectus, pt manunggal power, truba alam ipo, pt alam manunggal, truba alam manunggal

New Asia Gold Corp. Hails Rush to Gold

New Asia Gold Corp. welcomes the rush to gold as investors seek a safe haven from the current financial turmoil. Based on independent assessment reports of its gold properties as of July 2008, the company reiterates that it currently has an estimated 330,000 ounces of proven gold reserves with a projected value of $219 million [...]

Offtake Agreement for Phosphate Rock With India’s Largest Fertilzer Enterprize (IFFCO)

Legend International Holdings, Inc, with phosphate projects in the State of Queensland, Australia, announces that it has entered into a long term offtake and supply agreement for a minimum of 3 million tonnes annually of concentrated rock phosphate from its Lady Annie project in Queensland, Australia, with Indian Farmers Fertiliser Cooperative Limited (“IFFCO”). Legend and [...]

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Magnum D’Or Resources Issues JV Update & Clarification

Magnum D’Or Resources, Inc. announces in an effort to squelch unfounded rumors regarding the relation of Magnum D’Or Resources, Inc. and Green Rubber, Magnum wishes to inform speculative parties that there is no relationship or connection to the company known as Green Rubber. We wish to acknowledge that there have been reports of inaccurate speculation [...]

Canadian Zinc Corporation: Minister Strahl Visits Prairie Creek Mine Site

Canadian Zinc Corporation reports that The Honourable Chuck Strahl, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Metis and Non Status Indians, on July 16, 2009 visited the Company’s Prairie Creek Mine site in the Northwest Territories.
Minister Strahl was in the Northwest Territories, accompanied by The Honourable Jim Prentice, Canada’s Environment Minister [...]

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Azimut’s partner Goldcorp to drill at Wabamisk, James Bay region

Azimut Exploration Inc. reports that its partner Goldcorp Inc. will start a 2,800-metre diamond drilling program in early February to test several quality gold targets on the Wabamisk property in the James Bay region, Quebec. Wabamisk is located 70 km south of Goldcorp’s Eleonore property that hosts the Roberto gold deposit. Azimut considers that [...]