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Random News from Mining Top News

Goodrich Petroleum Swings to 2Q Profit, Fueled by Higher Oil Prices, Production

Oil and gas explorer Goodrich Petroleum Corp. swung to a profit in the second quarter, as revenue soared on the strength of oil and gas prices and increased production.
On Monday after the closing bell, Goodrich said net income after paying preferred dividends was $2.8 million, or 11 cents per share, compared with a loss of [...]

Aurelio Announces Amended Agreement to Sell Hill Copper-Zinc Project & 3% NSR in Gavilanes Gold Project for $4 Million

Further to the proposed transaction announced on October 2, 2008, Aurelio Resource Corporation reports that it has executed amended agreements concerning the sale of its Bolsa Resources, Inc. subsidiary, which owns the Hill Copper-Zinc Project in Arizona , for $2.5 million in cash while retaining a 3% NSR (Net Smelter Return) to Telifonda (Cayman) Limited.
In [...]

Kiwi magnate eyes Alcoa offshoot

Mr Hart’s Rank Group already owns a world-scale packaging operation and has sometimes been mentioned as a possible bidder for Australia’s Amcor.
The deal will allow Alcoa, which has been a prime takeover target since its bid early this year for Canada’s Alcan was trumped by Rio Tinto, to concentrate on its bauxite, alumina and aluminium [...]

Multiple Gold Intersections Expand ITH’s Livengood Deposit

International Tower Hill Mines Ltd. announce the latest drill results from the ongoing 2008 resource expansion program at its bulk tonnage Livengood gold project near Fairbanks, Alaska. The ongoing positive results continue to significantly expand the deposit along strike and at depth with mineralization now indentified at depth to the south into the thick basal [...]

SLDOF: Enters Option Agreement to Acquire Golden Loon Nickel/Cobalt Property

Sheffield Resources Ltd. (SLDOF) reports it has entered into an option agreement to acquire the 3,709-hectare (14.32 square-mile) Golden Loon nickel/cobalt property from Tilava Mining Corporation. The Golden Loon property is located approximately 4 miles west of Little Fort, British Columbia (approximately 50 miles north of Kamloops), and is accessible by government-maintained secondary roads leading [...]

Bayswater Defines Uranium Mineralization Grading up to 7.55% U3O8 at North Thelon Basin Project

Bayswater Uranium Corporation report that assay results have been received from samples taken from its North Thelon Project in Nunavut, Canada. Uranium mineralization was found in outcrop and boulders at the Company’s Itza and Amer West claim blocks, and the discovery of this mineralization was described in the news release dated July 28, 2008.
Sampling of [...]

BHP Billiton Profit May Rise to Record on Copper, Iron Ore

BHP Billiton Ltd., the world’s biggest mining company, will probably say fiscal first-half profit climbed to a record on surging commodity prices.
Net income probably rose to $6.3 billion for the six months ended Dec. 31 from $4.4 billion a year earlier, according to the median estimate of six analysts surveyed by Bloomberg News. Melbourne-based BHP, [...]

Tag: acquire white pine copper refinery

Cheniere Closes $250MM from GSO Capital Partners

Cheniere Energy, Inc. announced that funds led by GSO Capital Partners LP and its affiliates have closed a $250 million senior secured convertible loan agreement with Cheniere Common Units Holding LLC, a subsidiary of Cheniere Energy, Inc. Proceeds will be used to repay the $95 million bridge loan obtained in May 2008, fund a reserve [...]

Tag: james bennet gso capital, gso capital partners restructuring

Mid-caps steal the limelight as FTSE rises

London equities made further progress on Thursday as the London Stock Exchange intensified its attempt to fend off Nasdaq’s hostile bid and the mining sector tracked commodities prices higher.
The FTSE 100 opened 0.5 per cent higher at 6,237.5, a gain of 33 points, dominated by resurgent resource stocks. A flurry of newsflow from mid-cap stocks [...]

Dana Resources Acquires 1.17 Million Ounce Advanced Stage Collota Gold Deposit in Peru

Dana Resources, a US-based precious metals exploration and development company, is pleased to announce that it has successfully acquired the advanced stage Collota Gold Deposit in Peru. Dana Resources currently owns and operates seven mining projects located in Peru’s most prolific mining regions.
The Collota Gold Project is located in Northern Peru in the region of [...]

Tag: dana resources, acquisition deposit gold, collota mining, dana gold peru, deposit pierina