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Random News from Mining Top News

Particle Drilling Technologies Completes the Sale of Its Frac Pump

Particle Drilling Technologies, Inc. announced that it has completed the sale of its frac pump for $840,000. The frac pump was previously used as part of the Company’s particle injection system, but most recently was only utilized for test purposes at the Company’s flow-loop facility. The Company has recently leased a conventional tri-plex pump [...]

Tag: frac equipment for sale, frac pumps, frac pumper for sale, oilfield frac equipment, frac companiespa

Daewoo exploits coal in Jambi

Daewoo Securities Co, Ltd from South Korea in cooperation with local company PT Basmal Utama is currently exploting coal reserve in the district of Bungo in the Sumatran province of Jambi with production set to reach 60,000 tons per month.
The company on Saturday launched its first export of coal to South Korea on Saturday, witnessed [...]

Tag: jambi resources address south korea, basmal utama, chung yong chil, pt and jambi, basmal coal company

Mega Uranium Grants Options to Directors and Officers

Mega Uranium Ltd. wishes to announce that it has granted a total of 2,125,000 options to certain directors, officers and consultants of Mega. The options are exercisable at $6.46 per share and are for a term of five years.
Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in [...]

Venezuela’s Chavez Proposes South American “Gas OPEC”

Venezuelan President Hugo Chavez’s proposal for a South American organization of natural gas producers based on the oil-exporting cartel OPEC baffled analysts contemplating the announcement.
Chavez said on his radio talk show late Thursday that he had spoken to Argentine President Nestor Kirchner about the idea of forming “a kind of Organization of Gas Exporting and [...]

Global Manufacturing Leaders Gather in Michigan to Discuss Industry Challenges

Leading metalforming manufacturers from the United States, Asia, Latin America and Europe will hear from industry giants and discuss the top challenges facing the industry worldwide at the 16th International Congress of Sheet Metal Presswork Associations (ICOSPA) September 14-17 in Grand Rapids, MI.
The focus of the program is taken from today’s manufacturing headlines: the rising [...]

Tag: global manufacturing challenges

Copper Gains in Shanghai After Chile Mine Workers Reject Offer

Copper rose in Shanghai after striking workers at Chile’s Escondida mine, the world’s largest source of the metal, rejected an improved wage offer, increasing investor concern global supply won’t meet demand.
The proposal was voted against yesterday by more than 98 percent of the 1,906 workers who took part, union director Cipriano Zuluaga said by telephone [...]

Nickel action not over yet in New Caledonia

Contrary to reports late last week, industrial action in New Caledonia is still impacting nickel supplies and SLN is reported as saying that its stockpile of ore supplies at its Doniambo smelter are diminishing to a critical level. The blockade of SLN mines by the local union, CSTNC, is obviously still affecting supplies and has [...]

Singapore-Listed Noble Group Raise Stake in Gloucester Coal to 10.4 Percent

Singapore-listed Noble Group increased its stake in Australian coal miner Gloucester Coal Ltd. to 10.4 percent, the Australian company said Wednesday.
Noble Group announced late Tuesday in an announcement to the Singapore Exchange it had purchased a further 4.3 million shares of the Sydney-based company to raise its holding. Noble Group said it now holds 8.2 [...]

Solar Shares Drop, Following Oil and Gas Prices Lower

Shares of solar power companies including Solarworld AG and Q-Cells AG slumped as falling prices for natural gas and crude oil reduced incentives to invest in alternative energy companies.
Solarworld stock lost 2.31 euros, or 5.7 percent, to 38.34 euros. Competitor Q-Cells AG fell 3.8 percent and Conergy AG dropped 2 percent.
Oil and gas have fallen [...]

African Copper Announces Delisting from the Toronto Stock Exchange

African Copper Plc announces that the Toronto Stock Exchange has accepted the Company’s application to voluntarily delist its ordinary shares from the Exchange. The application for delisting is a condition of the closing of the previously announced funding by Zambia Copper Investments Limited (“ZCI”) (as disclosed in the Company’s and ZCI’s joint press release [...]

Tag: top ten copper mining companies listed in new york