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Random News from Mining Top News

American Petro-Hunter #1 Lutters Well at Poston Prospect Kansas Reaches Total Depth

American Petro-Hunter, Inc. announce that the #1 Lutters Well oil well on the Poston Prospect, Trego County Kansas has reached total depth (T.D.) at 4,400 feet. The well is currently being logged and analyzed for prospective oil shows and the Company anticipates information to be forthcoming from the field very shortly. The Company has posted [...]

Tag: trego county ks oil, trego kansas oil discovery, cherokee sand trego co ks

SouthGobi Energy Resources and Glencore International AG Sign Marketing Agreement

Alexander Molyneux, President of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, announced today that an agreement has been signed with Glencore International AG to provide SouthGobi with coking coal marketing expertise and river barging/vessel loading logistical services for SouthGobi’s Mamahak coal project in East Kalimantan, Indonesia.
“We have developed Mamahak to a [...]

Tag: glencore ivanhoe, mamahak batubara, glencore nickel in, pt glencore indonesia, basic marketing agreement glencore

Norilsk Nickel, Fortum call off Kolenergo stake deal-1

Norilsk Nickel and Fortum have called off a deal on the Finnish energy concern buying a stake in Kolenergo, the biggest electricity producer in northwestern Russia, Fortum said Friday.
Under an agreement signed on November 25, 2005 Fortum was to acquire a 24.83% in Kolenergo. The deal would have also strengthened Fortum’s position in Territorial [...]

Value verification of Hydro and Statoil completed

Statoil and Hydro have completed a value verification process following the agreement between the companies’ boards of directors to merge Hydro’s oil and gas activities with Statoil.
The intention of the review has been to verify the information exchanged between the parties prior to the conclusion of the agreement.
In connection with the publicising of the merger [...]

China Increases Electricity Prices to Counter Rising Coal Costs

China, the world’s biggest energy user after the U.S., raised power prices for households and companies today to counter rising coal costs that are eroding earnings at the nation’s electricity generators.
Prices increased by an average of 0.025 yuan per kilowatt-hour, the National Development and Reform Commission, the nation’s top economic planner, said in a statement [...]

MetalCORP Initiates Spin-Off of Gold Properties Into a New Public Company

MetalCORP Limited announces that it has received Court approval authorizing it, amongst other things, to hold a shareholders meeting to seek shareholder approval of the spin-off of several gold properties to a wholly-owned subsidiary, Preciousmetals Explorations Inc. or such other name as the Board of Directors and regulatory authorities may approve (“Newco”), and the distribution [...]

Tag: metalcorp limited

Tao Minerals Update to Security Situation on El Colmillo Mine

Mining exploration and development company Tao Minerals announce an update on the security situation in El Colmillo Mine. Tao Minerals has been diligently working with local authorities on the national, departmental and civic stages to improve the security in the area. Progress has been made due to diligent work by local mayors who are keen [...]

Tag: taol mining, tao mining, barrick mines security contractor, mina el colmillo, tao gold mining

First Metals Files a Proposal Under the Bankruptcy and Insolvency Act

First Metals Inc. filed with the Official Receiver a proposal to its creditors pursuant to Part III of the Bankruptcy and Insolvency Act. The proposal has been made to facilitate First Metals’ ability to implement a restructuring plan.
A meeting of creditors to vote on the proposal must be called by the proposal trustee within [...]

Tag: mining industry bankruptcies, rodman of texas files bankruptcy, rodman companies filed bankruptcy, first metals inc bankruptcy, metal mining bankruptcies

Oil prices lower in Asian trade

World oil prices were slightly lower in Asian trade on Monday after fresh unrest in Africa’s biggest crude producer, Nigeria.
New York’s main oil futures contract, light sweet crude for June delivery, was 13 cents lower at 116.19 dollars per barrel.
The benchmark contract rallied 3.80 dollars to close at 116.32 dollars on Friday at the New [...]

Nevada Copper-Intersects 773 Feet of 1.03% Copper in the Open Pittable North Deposit

Nevada Copper Corp. announce very significant high grade drilling results from the Company’s current 40,000 meter drill program, at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada. Drilling continues to define continuity, thickness and expand the high grade copper mineralization. Specifically, following are the latest drilling results from the North Deposit.
Drill hole [...]