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Random News from Mining Top News

Venoco, Inc. Expects 10-15% Organic Growth in 2009

Venoco, Inc. announced that it expects its 2009 production to average between 20,500 to 21,500 barrels of oil equivalent per day, an organic growth rate of 10-15% relative to 2008 after giving pro forma effect to the sale of the company’s Hastings complex, which is expected to close in the first quarter. The company’s 2009 [...]

Tag: organic growyh for oil compnies, tim marquez venoco, sacramento basin gas field veneco, tim marquez oil, organic growth 2009

Merrex Commences Diamond Drilling at West Voisey’s Bay Nickel Project; $2.2 Million in Expenditures Approved

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. (“Merrex”)(TSX VENTURE: MXI) announces that diamond drilling of Merrex’s West Voisey’s Bay Nickel Project in Labrador has commenced.
“The management committee of the West Voisey’s Bay Joint Venture has approved a program budget of approximately $2.2 million comprised primarily of diamond drilling and additional geophysics for [...]

BHP Billiton Says Fire Broke Out at Australian Port

BHP Billiton Ltd, the world’s biggest mining company, said a fire burned for over an hour today at a screening area in the Nelson Point iron ore port in Western Australia.
It is assessing the damage from the fire, Samantha Evans, a BHP spokeswoman, said by telephone from Melbourne. There were no injuries and workers weren’t [...]

Southwestern Announces Plan of Arrangement With Hochschild Mining

Southwestern Resources Corp. announce that, further to its press release dated March 10, 2009, it has entered into an Arrangement Agreement providing for the acquisition by Hochschild, directly or indirectly, of all of Southwestern’s issued and outstanding common shares by way of a plan of arrangement under the Business Corporations Act (British Columbia).
The cash consideration [...]

Atlas America to host the earning conference call

Atlas America, Inc. told the press about its agenda to host a conference on its second quarter 2008 after market hours on Thursday, August 7, 2008, and invites investors and other interested parties to listen to the live webcast of its quarterly conference call on Friday, August 8, 2008, at 9:00 a.m. Eastern Time. This [...]

Kinti Mining Limited to Acquire the Zia Uranium Tenement Located in New Mexico

Kinti Mining Limited (KMLD) said that Cibola Explorations Inc. has agreed to accept Kinti’s proposal to acquire their Zia uranium tenement. The tenement consists of 142 mining claims in an area of approximately 2840 acres located in the state of New Mexico, USA.
Zia is immediately adjacent to two significant uranium deposits. On its eastern boundary, [...]

Coal Mine Road fire scoarches more than 100 acres

Soaring temperatures got even hotter Monday afternoon when a fire burned approximately 100 acres on Coal Mine Road, destroying a recreational vehicle and an out building.
No structures were destroyed other than the out building. However, there were occasional homes threatened “off and on,” a California Department of Forestry and Fire Protection spokesman said.
According to CDF, [...]

Ghana: Gov’t Asked to Stop Giving New Mining Concessions

MINING COMMUNITIES in Ghana have called on the government to stop giving out new concessions to multi-national mining companies for surface mining until the “mess” caused by the existing ones were cleared off.
They indicated that the untold hardships which were the resultant effects of the activities of the mining companies were so enormous and appalling [...]

SNS Silver Clarifies Status of Sunshine Mine in Idaho

SNS Silver Corp., an exploration mining company, whose assets include a number of near term production projects in geopolitically secure Idaho, USA remains confident of its long-term goal to operate the legendary Sunshine silver mine near Kellogg, Idaho, adjacent to SNS Silver’s Crescent silver mine. A lease of the mine held by Sunshine’s former operator, [...]

Tag: sunshine mine in idaho, sunshine silver idaho, status about sunshine, clarifies status, sunshine mine

Arch Coal buys into DKRW, plans $25M investment

Arch Coal Inc. said Thursday it agreed to invest $25 million in DKRW Advanced Fuels LLC as part of a deal in which it acquired a 25 percent equity interest in the company.
Arch said in a release that in exchange for the equity interest, it also agreed to extend its existing option agreement with DKRW [...]