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Random News from Mining Top News

Mechel Attends Metal Expo’ 2008 Annual Exhibition

Mechel OAO, one of the leading Russian mining and metals companies, attended the 14th annual Metal Expo’ 2008 international specialized exhibition held at the Crocus Expo International Exhibition Center in Moscow, Russia on November 11-14, 2008.
The Metal Expo’ 2008 exhibition featured the products and achievements of more than 700 companies from 30 countries worldwide in [...]

Tag: metal steel machinery industry news 2008

Chinese domestic iron ore prices might go down in June

Major fluctuations in commodity prices of iron ore gradually have given way to more stable, but slight gains, according to China’s Ministry of Commerce (MOC).
The average price on the domestic market reached 1,530 yuan ($218) per tonne by the end of May, up 2 percent from the beginning of the month.
The MOC estimated the price [...]

Southwest Resources Announces Closing of Transaction With Duke Mining Company

Southwest Resources, Inc. announced that the Company has completed its purchase of the assets of Duke Mining Company Inc., (“Duke”) for the assumption of $823,706 of Duke’s outstanding debt and obligations. The assets purchased include the lease arrangement for the 640 acre mining claim in Utah and the respective equipment, fixtures and furniture associated with [...]

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FuelCell Energy, DOE Finalize Award to Develop Clean Coal Fuel Cell System

FuelCell Energy, Inc., a manufacturer of electric power generation plants announced Monday it has finalized terms with the U.S. Department of Energy (DOE) for a $36.2 million Phase I award to develop a coal-based, multi-megawatt, solid oxide fuel cell-based (SOFC) hybrid system.
The award provides funding for the first stage of the 10-year, three-phased Fuel Cell [...]

Thailand Awards Four Petroleum Concessions

Thailand’s Energy Ministry Monday awarded petroleum concession rights to four consortiums, allowing them to explore for petroleum in the Gulf of Thailand as well as in onshore blocks.
Among the winners for offshore blocks in the Gulf of Thailand are Pearl Oil Esarn for Block G2/48, Northern Gulf Oil (Thailand) for Block G3/48, and Occidental Exploration [...]

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Western Standard Energy Corp. Acquires Package of North Dakota State Oil & Gas Leases

Western Standard Energy Corp., an oil and gas exploration company, announced that it has entered into an agreement with East Dickinson Oil and Gas Co. to acquire a package of ten State of North Dakota oil & gas exploration leases in and around Dickinson, North Dakota. Western Standard has also acquired one State of North [...]

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Great Panther Increases Resources at the Topia Mine

GREAT PANTHER RESOURCES LIMITED announce that Wardrop Engineering of Vancouver has delivered an update to the ongoing mineral resource development at the Company’s 100% owned Topia Silver-Gold-Lead-Zinc Mine in Durango, Mexico. The 2008 mineral resource estimate comprises Measured & Indicated Mineral Resources of 153,373 tonnes at 501g/t Ag, 0.95g/t Au, 5.38% Pb and 4.85% Zn [...]

Weather whacks oil, natural-gas prices

Oil and natural-gas prices fell hard yesterday amid mild winter weather that has depressed demand for home-heating fuels.
Trading volume was light, which exaggerated the moves, analysts said.
U.N. sanctions against Iran that were approved over the weekend could raise concerns about supplies next year, although traders so far appear to have shrugged off the dispute over [...]

World Energy and Chemicals Exhibition and Conference

Kuwait News Agency (KUNA)) Kuwait will host on Monday the World Energy and Chemicals Exhibition and Conference held under the auspices of His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah with participation of 70 local and international companies.
The four-day conference and exhibition will be inaugurated by the Minister of Electricity and Water and [...]

TODCO reactivates cold-stacked drilling rig

TODCO has announced the reactivation of a cold-stacked drilling rig. THE 153, a 150 foot mat cantilever jackup rig, will be reactivated for an estimated cost of approximately $20 million of which approximately 20% will be capitalized with the remainder being expensed over the reactivation period. The rig is expected to be operational by late [...]