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Random News from Mining Top News

Exxon Mobil Misses Analysts’ 1Q Estimates

Exxon Mobil Corp.’s first-quarter profit climbed 17 percent to $10.9 billion. That is the second-biggest U.S. quarterly corporate profit ever. Only Exxon Mobil’s fourth-quarter profit last year was bigger at $11.7 billion.
Earnings for the first three months of the year came to $2.03 per share, up from $9.3 billion, or $1.62 per share, a year [...]

Universal Compression Partners Announces Prorated Cash Distribution

Universal Compression Partners, L.P. announced a cash distribution of $0.278 per unit payable on February 14, 2007, to unitholders of record at the close of business on February 7, 2007.
The distribution reflects the pro rata share of the partnership’s minimum quarterly distribution of $0.35 per unit and covers the time period from the closing of [...]

Augusta to Commence Trading on the Toronto Stock Exchange on August 10, 2006

Augusta Resource Corporation is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (“TSX”) and will commence trading on the TSX on August 10, 2006 under the symbol “AZC”. As of the market close today, Augusta will no longer trade on the TSX Venture Exchange. The Company’s [...]

Tri-Valley Forms Well Services Alliance and Sells Its Production Services Equipment

-Tri-Valley Corporation announced that it has established an alliance with Excalibur Well Services, Inc of Bakersfield, California and has sold all of its 100% owned Great Valley Production Services production rigs and equipment to Excalibur as part of an advantageous arrangement. The sale price was not disclosed.
“We originally formed Great Valley Production Services LLP because, [...]

Tag: excalibur well services corp bakersfield ca, excalibur drilling bakersfield ca, escalibur well services, great valley drilling company, excalibur oil in bakersfield

Marathon Completes Purchase of Bamoos Land Package

Marathon PGM Corporation announce that it has completed the purchase of the Bamoos Land Package from Benton Resources. Marathon purchased 100% ownership of a land package consisting of one mining lease and one claim block covering a total of 329 hectares, adjoining the northern border of the Marathon PGM-Cu Project located 10 km north of [...]

Tag: exaro mines

SXR Offers $110 Million for Rio Uranium Mill, Deposit

SXR Uranium One Inc., which is developing South Africa’s largest uranium resource, offered $110 million to buy Rio Tinto Group’s Sweetwater Uranium Mill and Green Mountain deposit in Wyoming.
This “is a significant step toward one of the key strategic goals we set for ourselves as a company in 2005 — acquiring the capacity to mine [...]

Coal-power ethanol plant emissions 92% higher than with gas

A new report by researchers of an Ames company shows that coal-powered ethanol plants release as much as 92 percent more carbon dioxide than those powered by natural gas.
Carbon dioxide is the gas that scientists most frequently blame for global warming.
Des Moines City Council members on Dec. 4 are scheduled to select one of two [...]

Tag: brooks iowa ethanol plant

Phase II Oil and Gas Drilling in Mississippi Underway

Lexaria Corp. has begun drilling on its second phase program in Mississippi. Lexaria has an Area of Mutual Interest (“AMI”) of up to 50 additional wells and is the largest single participant in this Phase II AMI with a 40% interest.
The first well in Phase II, the CMR-USA-39-14, reached total depth of 3,200 feet [...]

Red Hill Energy Inc.: NI 43-101 Report and Assays Completed on the Chandgana Khavtgai Project Confirms Large, High Quality Thermal Coal Discovery in Mongolia

March 26, 2008) – Red Hill Energy reported today that further to the December 21, 2007 news release, a National Instrument 43-101 report and assay results have been received by the company on its very significant Chandgana Khavtgai coal project. All three of Red Hill Energy’s coal resources are now National Instrument 43-101 compliant as [...]

Adriana Closes $10 Millon Financing

Adriana Resources Inc. announces the closing of an unsecured convertible debenture in the amount of $10,000,000 (the “Debenture”). The Debenture has a three-year term and bears interest at 7% per annum. The principal amount of the Debenture is convertible into common shares of the Company at a conversion price of $0.90 per share if exercised [...]