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Random News from Mining Top News

Galloway Signs Agreement With Swiss Corp. to Review Oil and Gas Projects

Galloway Energy Inc. announces that the Company has signed an engagement agreement with Dominus Energy AG, a Swiss Corporation whereby Dominus will assist Galloway in the introduction of the Company to worldwide opportunities in the oil and gas sector and energy market.
Dominus owns private interests in various oil and natural gas plays worldwide. It is [...]

IHS Acquires Divestco USA Inc. Product Portfolio

IHS Inc., a leading global source of critical information and insight, today announced it has acquired the product portfolio of Divestco USA Inc., a strategic provider of comprehensive data and analytical tools for the oil and gas industry, for approximately $3 million in cash.
“This acquisition will significantly expand our Energy product and service offerings through [...]

Tag: mitch yager, mitch yeager ihs, divestco ihs calgary, machines required for information handling services, divestco inc mining services

Geokinetics Inc. Announces Increase to Capital Expenditure Budget

Geokinetics Inc. announced that the Company’s Board of Directors has approved an increase to the Company’s capital expenditure budget for the year ended December 31, 2008. The approved amount has been increased to $80.0 million, up 24 percent from $64.7 million.
In response to robust customer demand for the Company’s seismic data acquisition and processing services, [...]

Newmont Mining more than triples revenue

Gold miner Newmont Mining Corp. said Thursday its second-quarter income jumped to $161 million, or 36 cents per share, on revenue of $1.31 billion.
That compares to income of $50 million, or 11 cents per share, on revenue of $997 million in the second quarter of 2005.
Newmont (NYSE: NEM) is based in Denver.
Gold sales jumped to [...]

Tag: black gold oil sands property

Newcrest Commences Drilling at Serengeti’s Croy Bloom/Davie Creek Property

Serengeti Resources Inc. reports that Newcrest Mining Limited has begun a four hole, 2,500 meter drill program on Serengeti’s Croy Bloom/Davie Creek property located in the Quesnel Trough of north-central British Columbia.
Earlier this year a Canadian subsidiary of Newcrest Mining Limited signed a binding Heads of Agreement whereby Newcrest may earn a 51% joint venture [...]

Asian Mineral Resources Limited Receives Approval of its Environmental Impact Assessment Report

Asian Mineral Resources Limited announced that its 90% owned joint venture company, Ban Phuc Nickel Mines Limited (“BPNM”), has received formal Vietnamese central government approval for its Environmental Impact Assessment Report on its Ban Phuc nickel project.
The application for a mining license for the project for which all required supporting documentation, including a feasibility study, [...]

Mega Uranium Grants Options to Directors and Officers

Mega Uranium Ltd. wishes to announce that it has granted a total of 2,125,000 options to certain directors, officers and consultants of Mega. The options are exercisable at $6.46 per share and are for a term of five years.
Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in [...]

Canada to seek new markets if U.S. blocks oil sands fuel

The head of Canada’s oil-rich Alberta said the province will simply sell its huge reserves to other countries if the U.S. goes ahead with plans to impose import restrictions on fuels made from Canada’s oil sands.
The U.S. is preparing to block the military and other federal agencies from buying fuel made from oil sands crude [...]

China’s big metal deposits hurt by low grades-media

China holds large reserves of metal deposits but the quality of most of the deposits is low, state media reported on Wednesday, citing preliminary survey results from the country’s geological institutes and resource agencies.
China plans to complete an assessment of the country’s mineral resources and set up a mining plan for some provinces in 2007, [...]

Tag: china iron ore reserves poor quality

China to keep relying on coal

China has no plans to radically change its reliance on coal and other dirty fuels despite already feeling the impacts of global warming, according to a leading Chinese meteorologist.
In the first official Chinese response to a stark UN report issued last week on climate change, Qin Dahe said China lacked the technology and financial resources [...]