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Random News from Mining Top News

PYR Energy Gets Credit Facility From Bank of the West, Hires Advisor to Evaluate Takeover Bids

PYR Energy Corp., an independent oil and gas company, said Thursday it arranged a line of credit with California-based Bank of the West.
The facility has an initial borrowing base of $1 million with a $30 million umbrella, to the extent the bank approves amounts in excess of $1 million.
On Wednesday, PYR said it hired C.K. [...]

Lund Gold Ltd. and Noront Resources Ltd.: Drilling Planned on Lund Property, Ontario

Lund Gold Ltd. and Noront Resources Ltd. to release the following project update on their Lund property in the “Ring of Fire” area of the James Bay Lowlands, Ontario.
Recent Vtem airborne surveys have been completed over the Lund-Noront project area, known as the Lund Property. Noront reports that two Vtem airborne geophysical anomalies are being [...]

Australia’s Grange receives approvals for Malaysian iron ore pellet plant

Grange Resources Ltd said it has been granted a manufacturing license and environmental approval by the Malaysian government for its 550 mln usd iron ore pellet plant at Kemaman.
It said the approvals represent significant milestones in the development of the 6.8 mln metric tons per year plant.
The project will process ore from the company’s Southdown [...]

Rare Cactus May Impact Oil Drilling

The U.S. Fish and Wildlife Service will study whether a rare cactus should be protected as an endangered species, which could affect oil drilling in the Uinta Basin.
Fish and Wildlife is taking the action — the first step toward deciding whether to list the plant as protected — in response to a 2005 lawsuit by [...]

Chesapeake Energy Corporation Announces Transaction with Four Sevens Resources Co., Ltd. and Sinclair Oil & Gas Company in the Fort Worth Barnett Shale

Chesapeake Energy Corporation announced that it has acquired or has agreed to acquire approximately 8,500 net undeveloped leasehold acres in the heart of the Barnett Shale play in Tarrant County, Texas, from Four Sevens Resources Co., Ltd., Sinclair Oil & Gas Company and several of their affiliates and partners. In addition, Chesapeake announced that it [...]

Tag: four sevens oil and gas, gateway land services on behalf of chesapeake exploration, gateway land services oklahoma, energy corp tarrant texas, gateway land services oklahoma city

Berong sets P1.2B nickel project

Berong Nickel Corp., a unit of publicly-listed Atlas Consolidated Mining and Development Corp. is investing P1.2 billion to produce nickel in its Quezon, Palawan site.
Operations would start next month with total capacity of 1.47 million metric tons per year.
The project is a joint venture among Atlas, UK-based Toledo Mining Corp. plc (TMC) and Investika Ltd. [...]

Tag: of berong nickel mining corporation, rio tuba nickel mining corporation, berong nickel corporation, berong nickel corporation news, hinatuan nickel

Contract awarded for Trimble County coal plant

Mitsui Babcock Energy Ltd. has won a $100 million contract to build a clean-coal power plant in Kentucky.
The West Sussex, England-based company, which has its American headquarters in Atlanta, is partnering with the No. 1 power-plant builder the United States, Bechtel Group, to build the $1-billion-plus facility, according to the Atlanta Business Chronicle, a sister [...]

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Legacy Reserves LP Announces Quarterly Cash Distribution

Legacy Reserves LP announced a cash distribution for the fourth quarter of 2006 of $0.41 per unit, or $1.64 on an annualized basis, payable on February 14, 2007 to unitholders of record at the close of business on January 10, 2007. The January 10, 2007 record date for this distribution precedes the January 18, 2007 [...]

vMonitor Announces Aggressive Growth Strategy and Hiring of L J Guillotte as President and CEO

vMonitor, Inc. announces early results of its Aggressive Growth Strategy in oil and gas wireless automation and field optimization solutions.
vMonitor Director Tom Bates, former Managing Director at Lime Rock Partners and former CEO of Weatherford Interra, describes the Company’s strategy as follows: “vMonitor has succeeded in developing the broadest, most comprehensive of wireless oil and [...]

Tag: l j guillotte vmonitor, hts0, oil field automation newsletter, vmonitor, aggressive growth strategy

Platmin bolsters exploration team

Platmin Limited announce the appointment of Mr. Jan van der Merwe as Exploration Manager with effect from 1st August 2008.
Mr. van der Merwe joins Platmin after 20 years’ experience with platinum major Lonmin plc where his most recent appointment was Senior Exploration Manager.
Mr. van der Merwe holds a BSc Honours in Geology. Platmin COO [...]