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Random News from Mining Top News

Rescue work abandoned for 29 workers trapped in Chinese mine

Twenty-nine workers trapped in a flooded Chinese iron ore mine for one week are believed to be dead and rescue work has been abandoned, according to state press reports.
The search for the men in the Inner Mongolian mine was called off on Tuesday due to rising water levels and continued slurry pile-ups, which made [...]

North American Energy Resources Acquires Additional 25 Percent Interest in Gas Pipeline

North American Energy Resources, Inc. announce that North American Energy Resources, Inc., through Apwash Pipeline, LLC, has increased its ownership stake in approximately 16 miles of a natural gas pipeline located in Washington County, Oklahoma from 49% to 75% ownership. The pipeline will provide service to approximately 11,500 acres of potential leases that contain multiple [...]

Aquiline Drilling at Navidad Expands New Valle Esperanza Discovery

Aquiline Resources Inc. report on the results of 72 new diamond drill holes (NV08-731 to NV08-802) within the Navidad Project in Chubut Province, Argentina. Total drilling on the project amounts to 802 holes over 154,482 metres.
Most of the drilling pertained to the infill program at Loma de La Plata which was recommended by Snowden Mining [...]

Shell Canada Limited Completes Acquisition of Duvernay Oil Corp.

Shell Canada Limited, a wholly owned subsidiary of Royal Dutch Shell plc , announced today that as of 1:01 a.m. on August 22, 2008, 61,661,551 common shares of Duvernay Oil Corp have been validly deposited to the offer by BRS Gas Corp., a wholly-owned subsidiary of Shell Canada, to acquire all of the common shares [...]

Tag: duvernay sale to shell, duvernay oil corporation canada, duverney oil, duvernay oil corporation, shell mining corps

Cia. Vale do Rio Doce to Start Iron Ore Mine, BNAmericas Says

Cia. Vale do Rio Doce, the world’s largest iron-ore producer, plans to start operations at its Brucutu mine in Brazil’s Minas Gerais state, BNAmericas said, citing Sergio Leite, the company’s director of ferrous metals.
Vale expects to produce about 7 million metric tons of iron ore from the mine in 2006, BNAmericas said on its Web [...]

Union Drilling Chief Financial Officer Dan Steigerwald Exercises 25,400 Shares

The chief financial officer of oil and gas driller Union Drilling Inc. exercised options for 25,400 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Wednesday.
In a Form 4 filed with the SEC, Dan E. Steigerwald reported he exercised the shares Monday and Tuesday for $3.80 apiece [...]

Iron ore alliance aims to pressure miners for infrastructure access

FOURTEEN prospective Pilbara iron ore miners have formed a fledgling alliance to fight for access to critical transport infrastructure in the region, including the massive port and rail networks of mining giants BHP Billiton and Rio Tinto.
The so-called Pilbara Iron Ore Alliance will aim to present a united front to lobby for infrastructure access and [...]

Canadian Mining Signs Formal Purchase Agreement with Exploraciones San Bernardo S.A. de C.V.

Mr. Ray Paquette report that pursuant to a submission approved by the Exchange March 31, 2008 – SUBMISSION NO. 134649 – the Exchange accepted for filing documentation in connection with an Option Agreement dated February 27, 2008 pursuant to which San Bernardo granted to Canmin (a wholly-owned subsidiary of Canadian Mining) the option to [...]

Tag: exploraciones san bernardo s a de c v, exploraciones sonora s a

New Century Energy Corp. Announces New Oil Discovery

New Century Energy Corp. announces a new oil discovery resulting from its ongoing drilling program in McMullen County, Texas.
Edward DeStefano, the Company’s CEO, stated, “We are very excited about the positive results from our newest oil well, the Swaim 33-#2, in McMullen County, Texas, which was completed in a Wilcox sand at a depth of [...]

Origin Energy forecasts stronger profit

Origin Energy Ltd, Australia’s second biggest electricity and gas retailer, has forecast a stronger second half after delivering a 43.5 per cent increase in interim profit.
The power retailer delivered a half year profit of $334.7 million for the six months to December 31, 2007, compared to $233.1 million in the previous corresponding period.
“Based on current [...]