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Random News from Mining Top News

Eastern Drilling urges shareholders to reject Seadrill\’s 92 nkr/shr offer

Having formed a board deemed to be independent, Eastern Drilling said its valuation analysis \”indicates fair value per share in Eastern is in excess of the 92 nkr offered\”.
Eastern Drilling said the offered price does not include any takeover premium, which in normal market practice should be in the region of 20-30 pct.
Also, it said, [...]

Universal Energy Corp. Provides Drilling Update #2 on Lone Oak Prospect in Galveston Bay, Texas

Universal Energy Corp., announced today that drilling at its Lone Oak prospect in Texas is progressing. The proprietary 3-D seismic with the corresponding subsurface well control provides excellent objectives for this drilling program. “We are pleased with the progress of the well,” commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, “Our [...]

Minnesota DNR Updates PolyMet EIS Progress

PolyMet Mining Corp. reported today that the State of Minnesota has committed to completing the PolyMet draft Environmental Impact Statement (“EIS”) by the end of September. This will provide time to complete an expanded statistical analysis of water quality predictions that forms part of the State’s environmental review of PolyMet’s development-stage copper-nickel-precious metals mine located [...]

Tag: dnr eis report, minnesota rare earth elements mining, polymet mining news dnr, polymet mining eis report, minnesota dnr on polymet mining corp

David Constable Appointed Director Investor Relations for INV

International Nickel Ventures Corporation (“INV”) (TSX: INV) is pleased to announce that David Constable, P.Geo, MBA has been appointed Director of Investor Relations effective August 1, 2006 under the terms of the Services and Facilities Agreement with FNX Mining Company Inc. (“FNX”). Dave has recently joined FNX as Vice President Investor Relations and Corporate Secretary [...]

Anadarko Petroleum to sell two fields for $1.8bn

Anadarko Petroleum Inc Tuesday announced that it has agreed to sell its two Louisiana oilfields to Exco Resources for $1.8 billion in cash.
Anadarko Petroleum mentioned that the Vernon and Ansley fields produce 192 million cubic feet of equivalent per day from about 350 wells and have six drilling rigs and four workover rigs at work, [...]

B2Gold Corp. Announces Agreement With AngloGold Ashanti For Further Exploration Drilling at Quebradona

B2Gold Corp. announces it has reached agreement with joint venture partner AngloGold Ashanti Limited to jointly fund further exploration at the Quebradona Project in Colombia.
Under the terms of the Colombian joint venture agreement, B2Gold has earned its 51% interest in the Quebradona Project by completing 5,000 metres (m) of exploration drilling.
Based on the agreement AngloGold [...]

Lime Rock Resources II Closes at $410 Million

Lime Rock, a private equity firm focusing on the global energy sector, today announces the closing of Lime Rock Resources II with $410 million in total capital commitments. Like the first Lime Rock Resources fund, Lime Rock Resources II will seek to acquire, directly operate, and improve lower-risk oil and gas properties in the United [...]

Tag: lime investment trust, lime rock resources, eric mullins of lime rock resources, mining equity funds, mineral fund oil and gas

Mining minnows deliver big returns

AUSTRALIA’S mining minnows have defied the volatility of recent months to finish the financial year well ahead of their big brothers.
The Intersuisse Resources Index, which tracks 162 mining stocks with market capitalisations of between $20 million and $500 million, rose 61 per cent in the year to June 30.
The index of small miners outpaced [...]

Queen Alexandra Gold Mine: Initial Results Confirm Conductive Zone

Cannon Exploration Inc. announces that the initial reconnaissance program undertaken on the Queen Alexandra Gold Mine, located outside of Dryden in Northern Ontario, Canada, has been completed.
A limited ground geophysical survey conducted by Major Management Exploration Services (MMES) indicated a conductive zone in the immediate shaft area located on the property.
The survey also reconciles with [...]

Activists dump coal to oppose approval of dirty Iloilo power plant

Greenpeace activists dumped 200 kilos of coal at the entrance of the Department of Environment and Natural Resources (DENR) on Thursday and unfurled a banner with the message ”Atienza, don’t be a climate criminal.”
The activists are demanding that Secretary Lito Atienza immediately reject all plans to construct a dangerous coal-fired power plant in Iloilo City.
Instead [...]

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