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Random News from Mining Top News

Royal Gold, Inc. Announces Penasquito Royalty Acquisition

Royal Gold, Inc. announces the following Webcast:
What: Royal Gold, Inc.’s Penasquito Royalty Acquisition
When: January 3, 2007 @ 12:00 p.m. Eastern
Where: http://www.videonewswire.com/event.asp?id=37173
How: Live over [...]

Hycarbex-American Energy, Inc. Announces Spudding of Yasin Exploratory Well #1

The American Energy Group, Ltd. announced that Hycarbex-American Energy, Inc. has spudded the Yasin Exploratory Well #1 on Yasin Block. The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession. The working interest is co-owned by Hycarbex (85%), Hypak Asia (Pvt) Ltd. (10%) and Government Holdings (Pvt) Limited (5%).
As [...]

Maaden launches biggest mining IPO

State-owned Saudi Arabian Mining Company (Maaden) yesterday launched an initial public offering to raise 9.25 billion riyals ($2.47bn) in the Middle East’s biggest mining IPO, valuing the firm at $4.9bn.
Maaden plans to sell 462.5 million of stock – equivalent to 50 per cent of its share capital – at 20 riyals each with subscriptions closing [...]

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Cypress to set up $50 million solar fab in India

Cypress Semiconductor is in talks with the government of Andhra Pradesh in southern India to set up a solar “fab center” that would produce solar cells and wafers.
Cypress has mentioned India as a possible location for manufacturing solar cells that are in growing demand. The Philippines, where SunPower maintains an office, has also been mentioned [...]

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Demolition of mine collapse homes

Work to demolish bungalows close to an exposed mine shaft in Cumbria was beginning on Monday.
Householders had to flee their homes in Egremont when a former iron ore mine caved in a year ago.
Last week Copeland Borough Council granted permission for the properties to be bulldozed to allow engineers to cap the shaft and make [...]

Oil and gas exporation company, Rock Energy Resources, Inc on Modelling Assumptions

An independent domestic oil and natural gas company, Rock Energy Resources Inc, told the press that an audio replay of the conference call hosted by management yesterday afternoon has been posted to its web site. During the call, the Company’s founder, Chairman and CEO, Rocky Emery, and Vice Chairman Mark Harrington discussed topics primarily outlined [...]

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Thunder Mountain Gold Announces an Intercept of Sulfide Mineralization at Their South Mountain Property

Thunder Mountain Gold, Inc. announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary, has completed their first core hole in its planned exploration program at their South Mountain Mine, Owyhee County, Idaho. The hole (DMEA 2) encountered a zone of mineralization from 656 feet to 705 feet with approximately 40 feet of the core [...]

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Fortress Financial Group, Inc. – Potential Sale of Hunt Gold Corporation Stock

Fortress Financial Group, Inc. confirms that it is in advanced discussions to dispose of its 483,000,000 “free trading” shares of Hunt Gold Corporation Common Stock, with the Private Equity Group currently bidding for control of Hunt Gold Corporation with another unrelated party.
Should the Company obtain a price of US$0.03 per share for these shares, that [...]

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Altai Updates on its Acquisition of Remaining Interest in its Utica Shale Gas Project in the St. Lawrence Lowlands, Quebec

Altai Resources Inc. announce that TSX Venture Exchange has given its conditional approval for Altai’s acquisition of Petro St-Pierre Inc., its joint venture partner in its Utica shale gas property, which was announced in Altai’s press release of June 16, 2008. Upon completion of this transaction, Altai will own 100% interest in 114,252 hectares [...]

Haber Inc. Agrees to a Joint Venture on Arizona Precious Metals Property

Haber, Inc.,, a Delaware corporation headquartered in Arlington, Mass., with proprietary technologies for the environmentally friendly processing of gold-bearing ores, announced today that it has agreed to enter into a joint venture with a private party (hereinafter referred to as “Owner”) to acquire certain patented claims in southern Arizona which will then be conveyed to [...]

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