Gentor Resources Inc. closes acquisition of APM Mining Limited
GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located...
Terra Announces Acquisition of Alberta Oil Assets
Terra Ventures Inc. announces that its newly incorporated and wholly-owned Calgary based subsidiary, Terrex Energy Inc. (“Terrex”), has entered into a purchase and sale agreement to acquire a 100% interest in a basal quartz oil pool in central Alberta from a private oil and gas company, for a purchase price of $650,000. The pool is currently producing approximately 80 barrels of oil equivalent...
Riverstone Completes Acquisition of Seajacks International
Riverstone Holdings LLC’s most recent renewable energy fund has successfully completed its previously announced acquisition of Seajacks International, for a total cash consideration of US$207 million. Seajacks is now wholly-owned by Riverstone and the management team. Seajacks currently owns and operates two self-propelled jack up vessels out of Great Yarmouth in the United Kingdom: the Seajacks...
Rajant Corporation Announces Agreement with Caterpillar Dealer, MacAllister Machinery
Rajant Corporation, a leading provider of wireless mining solutions, announced today that it has entered into a reseller agreement with Indiana-based MacAllister Machinery Co. Inc., (MacAllister ) to market, sell and support its BreadCrumb® wireless mesh communications product line. “We look forward to working with MacAllister within the Caterpillar dealer network. With this new dealer agreement,...
AngloGold Ashanti Output Up 5% on Geita, Vaal River Turnarounds
AngloGold Ashanti said third quarter production rose 5 percent as a result of continued improvements at its Geita mine in Tanzania and fewer safety related interruptions at its Vaal River operations in South Africa. “We continue to make breakthroughs in effecting the turnaround at Geita,” Chief Executive Officer Mark Cutifani said. “We’ve also made some strong safety gains at...
Geotrace Accelerates Oil and Gas Discovery With Isilon IQ
Isilon(R) Systems, the proven leader in scale-out NAS, today announced that Geotrace, a leading reservoir services provider, has deployed Isilon IQ to power a robust suite of seismic data processing and analysis applications used to accelerate worldwide oil and gas discovery. Using Isilon scale-out NAS, featuring its OneFS(R) operating system, Geotrace has created a single global namespace for both...
USA Uranium Explores Comstock Royalty Plan and Pursues Additional Gold Properties
USA Uranium Corp. CEO Ken Berscht announce, “Our recent trip to visit the Comstock Lode in Nevada opens new areas of focus for USA Uranium as we expand our former gold producer and the Net Smelter Royalty (NSR) royalty acquisition model with strategic and early stage gold development projects which fit our business model of exploration and royalty development projects. The Comstock Lode Mining...
Wits Basin Completes Share Exchange Transaction and Forms a Stand-Alone Gold Company
Wits Basin Precious Minerals Inc. announce the completion of a share exchange transaction with Princeton Acquisitions, Inc., a Colorado corporation, and Hunter Bates Mining Corporation, a Minnesota corporation, which was previously a wholly-owned subsidiary of Wits Basin, in which all of the Hunter Bates shareholders exchanged their equities for newly issued Princeton equities. As a result of the transaction,...
Coeur Announces Plans to Increase Silver and Gold Production at Its Historic Rochester Mine in Nevada
Coeur d’Alene Mines Corporation announced that it is pursuing an expansion of mining operations at its Rochester silver and gold mine in Nevada. This planned expansion is expected to add an average of 2.9 million ounces of incremental annual silver production and 30,000 ounces of further gold production through 2017. The Bureau of Land Management supports a third-party prepared Environmental Assessment...
Cabot Oil & Gas Responds to Pennsylvania Department of Environmental Protection Order
Cabot Oil & Gas Corporation reported on its remediation of three frac fluid releases at its Heitsman 4H Well location in Dimock Township, Susquehanna County, Pennsylvania. As reported to the Pennsylvania Department of Environmental Protection (PADEP), on September 16, 2009 during fracing operations being performed by Cabot contractors, Baker Corporation and Halliburton, there were two releases...
Latest Mining News
Nuinsco Acquires Gold Project in Lake of the Woods Region
Nuinsco Resources Limited announced it has optioned a claim package, collectively referred...
Gentor Resources Inc. closes acquisition of APM Mining Limited
GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing...
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