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Random News from Mining Top News

Buckeye Mining gets grant for coal transloading facility

Buckeye Industrial Mining received a $200,000 state grant to help with a $15 million project that is expected to benefit from Baard Energy’s proposed $5 billion coal-to-fuel conversion plant.
The Ohio Rail Development Commission this week awarded Buckeye Industrial a $200,000 grant the company will use as part of its plans to create a facility for [...]

Tag: buckeye industrial mining co ohio

Exxon getting out of retail gas business

Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices.
The world’s largest publicly traded oil company said Thursday it will sell its 820-company owned stations and another 1,400 outlets operated by dealers to gasoline distributors across the U.S.
The Irving-based company didn’t [...]

Vantex Acquires 100% of the Perron Property

The management of Vantex Resources Ltd. announce that it acquired 100% of the Perron property, located south of the Galloway Project.
Following an initial agreement with the company 9189-9419 Quebec Inc. (The “Seller”) Vantex Resources Ltd. had to invest a sum of $ 250,000 in work over the next few years to acquire 40% interest in [...]

Allied Energy Announces Apparent Drilling Success in Pawnee County

Allied Energy, Inc. announced today that it has drilled the Foust #7-9 well located in Pawnee County, Oklahoma to a total depth of 3,000 +/- feet and encountered oil and/or gas shows in at least five conventional reservoirs.
The Foust #7-9 is currently in the completion process and is anticipated to establish commercial oil production in [...]

New Hampton Ethanol Plant Proposal Moves Forward

A proposed $160 million ethanol plan east of the city received the go-ahead from federal officials to start raising money.
The U.S Securities and Exchange on Thursday approved Homeland Ethanol Solutions for limited liability corporation status. The action allows the company to start selling shares for an ethanol plant capable of producing 100 million gallons annually.
Pat [...]

Tag: new hampton ethanol plant

Greenergy International Limited Company Profile

Green is the theme for Greenergy International, which is the UK’s largest independent low-emission fuels supplier. The company focuses on developing low-carbon fuels (GlobalFuels) that blend biofuels (biodiesel or bioethanol) with mineral fuel. Green”ergy” buys rapeseed for biodiesel production from UK farmers. It also supplies its industrial and commercial clients with biodiesels made from waste [...]

Chinese domestic iron ore prices might go down in June

Major fluctuations in commodity prices of iron ore gradually have given way to more stable, but slight gains, according to China’s Ministry of Commerce (MOC).
The average price on the domestic market reached 1,530 yuan ($218) per tonne by the end of May, up 2 percent from the beginning of the month.
The MOC estimated the price [...]

PetroChina Company Limited Company Profile

If you want petroleum in China, then PetroChina is your company. A subsidiary of state-owned China National Petroleum Corporation (CNPC), PetroChina produces two-thirds of China’s oil and gas. The company has proved reserves of 11 billion barrels of oil and 32.5 trillion cu. ft. of natural gas. It engages in domestic exploration, owns more than [...]

Ultra Petroleum CEO Michael D. Watford Exercises Options for 25,000 Shares

The president and chief executive of natural gas and oil explorer Ultra Petroleum Corp. exercised options for 25,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Wednesday, Michael D. Watford reported he exercised the options Monday for 46 cents apiece and then sold 15,726 [...]

Australian coal firm to set up factory in C. Kalimantan

PT Lahai Coal, BHP Biliton`s subsidiary based in Kalimantan, said it will invest US$50 million in construction of a coal factory in Muara Teweh, Central Kalimantan, a spokesperson said.
“The coal factory will be built on 4,787 hectares of land. Hopefully, it will begin producing coal in the last quarter of this year,” PT Lahai Coal [...]

Tag: central kalimantan bhp biliton