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Random News from Mining Top News

JNR Provides Update on Newfoundland Uranium Exploration

JNR Resources Inc. provide the following update on its uranium exploration activities in central and western Newfoundland. The Company is actively exploring two projects: Topsails and Rocky Brook.
The 278,000-hectare Topsails project is a 50/50 alliance between the Company and Altius Resources Inc. (jointly the ‘Companies’), which was established to explore for volcanic-hosted uranium deposits in [...]

Pan American Gold Corporation Reports Assay Certificates of Analysis Received from Huicicila Drilling Shows Misplotted Data on the DDH-1 Drill Log

Pan American Gold Corporation received the remaining assay certificates for the Huicicila project drilling. A routine review of data plotted on project drill logs from these certificates show gold and silver values were reversed when transcribed to the DDH-1 drill log. Intercepts of gold mineralization reported in the news release dated October 25, 2006, were, [...]

Philippines Phoenix Petroleum To Distribute Emarat Lubricants

Phoenix Petroleum Philippines Inc., a local oil company planning to list on the stock exchange, said Thursday one of its wholly-owned subsidiaries recently signed a supply deal with UAE-based oil refiner Emarat.
The unit, Phoenix Global Mercantile Inc., will distribute Emarat’s high-grade lubricants in the Philippines, Phoenix Petroleum said.
Alberto Alcid, director for the lubricants and chemicals [...]

Tag: emarat and its subsidiaries, pheonix lubricants in the philippines, phoenix petroleum philippines inc, phoenix petroleum philippines planning, emarat lubricants

Strickland says he won’t cozy up to coal interests

Ohio’s troubles with coal mines could become a big headache for the state’s next governor, Ted Strickland.
When Strickland takes office next month, he might have to deal with a threatened federal takeover of Ohio’s coal programs.
But the governor-elect says that if Ohio needs to raise more money to clean up bankrupt mines, he will present [...]

Oil price falls $6.44

After the Federal Reserve chairman sounded bleak notes on the U.S. economy, and world supplies loosened a bit, Crude-oil futures sank more than $6 a barrel Tuesday. After the U.S. opened its Strategic Petroleum Reserve at the onset of the first Gulf War.Light, sweet crude for August delivery settled down $6.44, or 4.4%, at $138.74 [...]

China Petroleum & Chemical shares soar on government subsidy

Shares of China Petroleum & Chemical Corp (ticker: CHU), Asia’s largest oil refiner, rose as much as 7% on Wednesday after it won a one-time 5 billion yuan government subsidy to compensate for the cost of higher crude oil prices.
The compensation has been given by the Chinese government to help cover losses at the company’s [...]

Honduras temporarily grabs Exxon, Chevron terminals

Honduras will take temporary control of foreign-owned oil storage terminals as part of a government import program meant to drive down fuel prices, President Manuel Zelaya said late on Saturday.
Zelaya ordered the move after failing to reach a deal with big oil companies Exxon Mobil and Chevron , as well as local company [...]

Coal owner has less-than-clean history

ROUNDUP, Mont. — Success has for years lurked just around the corner for John Baugues Jr., a coal mining entrepreneur who arrived here in 1995 after starting and folding a string of mines in his native Tennessee.
Taking control that year of Bull Mountain Land Co., which has an estimated 340 million tons of coal [...]

Tag: john demichiei, airlie mine career, john baugues jr worth, john baugues coal mining, bull mountain coal mine john baugues

Globex Royalty Remains Intact, Nyrstar Purchases Mid-Tennessee Zinc Asset

GLOBEX MINING ENTERPRISES INC. wishes to inform shareholders that Nyrstar NV, a significant European based, international supplier of zinc, lead and other valuable metals has purchased the Mid-Tennessee Zinc mine complex at Gordonsville, Tennessee. The sale, under U.S. Bankruptcy Court approval, includes all the assets of Mid-Tennessee Zinc Corporation (MTZ), a wholly owned subsidiary of [...]

Tag: nyrstar tennessee mines, tennessee bauxite mining, zinc mines in tennessee, stratigic resource aquistion, tasman metals globex mining

Grange mine to generate $22b in revenue

Junior iron ore developer Grange Resources Ltd’s flagship Southdown project will generate more than $22 billion in total revenue with construction of the mine due to start next year.
Netherlands-based chairman Anthony Bohnenn said the magnetite deposit would cost $1.6 billion ($US1.2 billion) to develop and the company was now looking for a joint venture partner [...]