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Random News from Mining Top News

Pyramid Petroleum Provides Alberta Operations Update and Announces Pending Revolving Line of Credit

Pyramid Petroleum Inc. provided an update regarding its drilling operations in Alberta and announced a revolving line of credit with National Bank of Canada, pending completion of security arrangements.
Alberta Drilling Operations
Pyramid has fulfilled its seismic option agreement on four parcels of farm-in land totaling 2,040 acres in the Provost area of southeastern Alberta. Pursuant [...]

Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its [...]

Tag: unicredit mining, banks the finance mining, northland mining, banks financing iron ore mine

Pump Manufacturers In The Oil And Gas Industry Strike A Rich Vein With Their Solutions-Based Approach

Pump manufacturers in the oil and gas industry will likely garner substantially higher sales revenue by offering complete services and solutions with their products. These manufacturers seek to improve their competitive edge by providing convenient access to additional service and solution requirements such as on-site assistance, maintenance and spare parts.
New analysis from Frost & Sullivan [...]

Crude oil still racing towards $30 a barrel

Crude oil is collapsing as I indicated in India Daily several months back. The question now is how can it go? In a major bear market it will have some sharp rally and that is coming soon. However, longer term crude is in deep trouble. Nature smiles and people lose money ”“it has happened many [...]

Russia regulators order unit of BP Russian joint venture to fix violations or lose license

Russian regulators have given a unit of BP PLC’s Russian oil and gas joint venture six months to fix licensing and environmental violations or face losing key production licenses, the company said Monday.
The state subsoil agency, Rosnedra, decided to give Rospan International a grace period during a meeting Friday, TNK-BP said. Dow Jones Newswires, citing [...]

Caterpillar 4Q Profit Rises 4 Percent

Caterpillar Inc., the world’s largest maker of heavy construction equipment, said Friday its fourth-quarter profit rose 4 percent as higher operating costs partially offset strong sales.
But its shares rose more than 2 percent in premarket trading as the company forecast strong 2007 results.
Net income grew to $882 million, or $1.32 per share, up from $846 [...]

Sky Petroleum pleased with H2 well

Oil and gas company Sky Petroleum Inc. announced today that it will get $1.1 million in production revenue from its stake in the Mubarek H2 well.
The company expects to receive the second allocation of revenue by the end of January, or roughly 40 days from the second lifting of crude from the H2 well. [...]

Wesfarmers Second-Half Profit Rises 61% on Coal Unit, Rail Sale

Wesfarmers Ltd., whose businesses range from hardware to mining and insurance, increased second-half profit 61 percent on higher coal earnings and a one-time gain from selling its rail unit.
Net income rose to A$601 million ($456 million) in the six months ended June 30 from A$373.9 million a year earlier. Second- half profit was calculated by [...]

Mexoro Minerals Repays $1 Million of Its Paramount Gold and Silver Debt

Mexoro Minerals announce that it has repaid two of its secured convertible debentures to Paramount Gold and Silver Corp. in the amount of $1,000,000. A third debenture has been renegotiated in the amount of $521,047 of which $393,547 is due on March 31, 2009 and the balance is due on April 30, 2009. In making [...]

Tag: plexmar

Harrison County Mine Accident Injures One

One man was injured today in an accident at the Sycamore Mine Number Three in Harrison County.
The accident happened around 11 o’clock this morning. The State Office of Miners Health Safety and Training says the man broke his leg when it got caught in a bolt machine. The 24-year-old was taken by ambulance to United [...]