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Random News from Mining Top News

Escala Joint-Venture Capital Equipment Plan Ahead of Schedule

Franklin Mining, Inc. Chairman and CEO William Petty has confirmed that the company’s Bolivian joint-venture mining project anticipates accepting delivery of the first of several trucks during the week of November 24, 2008. Additional units will be received in following weeks. Manufactured by Volvo, fifteen ton trucks will be used to transport the Escala’s stockpiled [...]

Apollo Gold Announces Bought Deal Private Placement Financing of CDN$7,000,000

Apollo Gold Corporation announces that it has entered into an agreement for a private placement financing pursuant to which Apollo proposes to sell 14,000,000 flow-through shares for purposes of the Income Tax Act (Canada) (“Flow Through Shares”) on a bought deal basis at CDN$0.50 per Flow Through Share to raise gross proceeds of CDN$7,000,000. Apollo [...]

Miners vow on clean coal

Under political pressure over climate change, the coal industry has vowed to raise at least $1 billion to develop technology to curb greenhouse gases.
The announcement increases by $700 million the funds producers have committed to clean coal technology.
Both the federal government and Labor have put much store in the technology as a way of reducing [...]

Dar Told to Mine Uranium for Energy Needs

Tanzanian politicians are pushing for the exploration of alternative sources of energy, including exploiting the country’s uranium reserves for electricity generation.
Uranium, one of the world’s most expensive minerals, is known to exist in Tanzania but has not been exploited despite the enactment of an Atomic Energy legislation in 2003.
Uranium has not been included in the [...]

Arabian American Development Announces Update on Impact of Hurricane Ike

Arabian American Development Co. provided an update on the effects of Hurricane Ike to its operations. The Company announced that it had sustained no material damage from the hurricane winds or flooding, power has been restored and it has restarted the manufacturing process effective September 17, 2008 at its South Hampton Resource facility. South [...]

Concho Resources Inc. on Closing of Henry Petroleum Acquisition

Concho Resources Inc. is reported by the media that the company has announced that it has closed the previously-announced acquisition of Henry Petroleum and certain affiliated entities (collectively “Henry”). Cash paid at closing totaled approximately $560 million.
In addition, the Company purchased additional non-operated rights and interests in certain Henry properties from persons affiliated with Henry [...]

Tag: henry petroleum and concho resources, concho oil and gas henry petroleum, concho acquisition of henry petroleum, henry petroleum, henry recources

American Creek assay results confirm promising iron ore targets on Ironmist Project

American Creek Resources Ltd. is pleased to report assay results from rock samples in preliminary exploration of the Ironmist Project (formerly the Goldmist Project), in south-central British Columbia, resulting in the discovery of several promising iron ore targets.
The program, which focused on a large magnetic anomaly identified in a previous airborne geophysical survey, resulted in [...]

Tag: sample mou in supplying drilling equipment

Nuinsco Begins Uranium Exploration, Schedules Drilling at Prairie Lake

Nuinsco Resources Limited announced that it has begun a uranium exploration program at its 100% owned Prairie Lake property in northwestern Ontario. Prairie Lake hosts a near-surface historic (non-NI-43-101-compliant) resource of over 180,000 tonnes grading 0.09% U3O8 reported by Nuinsco in the 1970s. Surface exploration has begun and samples have been collected in preparation for [...]

Tag: what is bad about building a cobalt mine

VendTek’s Subsidiary Now Prepay Enters Into New Agreement With Canadian Tire Petroleum

VendTek Systems, a leading provider of software for prepaid service distribution, announced that its wholly owned subsidiary Now Prepay Corp. has entered into a new agreement with Canadian Tire Petroleum to implement Point-of-Sale activation terminals and new software to allow for activation of long distance cards by swiping them through the POS terminals.
Now Prepay will [...]

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