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Random News from Mining Top News

No Retreat for Energy Futures

Crude futures rolled past $115 a barrel, hitting a new record on concerns about how much gas will be available during the peak summer months. The weekly inventories report from the Energy Department’s Energy Information Administration (EIA) showed a much bigger decline in gasoline supplies than forecast by analysts surveyed by Dow Jones Newswires.
The report [...]

Quaterra Announces Exercise of 1.6 Million Non-Transferrable Common Purchase Warrants

Quaterra Resources Inc. announced that the TSX Venture Exchange has approved the transaction to exercise 1.6 million non-transferable common share purchase warrants (the “Warrants”) of the Company of the 1,741,250 Warrants that were eligible to be exercised.
In accordance with this issuance, this transaction has financed the Company with USD $960,000 and the Company now has [...]

Tag: noront mines

Greenpeace leads Philippines mining protest

Environmental watchdog Greenpeace has led local coastal communities in a protest against an Australian company set to resume mining operations in the central Philippine island of Rapu-Rapu.
A flotilla comprised of the Greenpeace vessel “Esperanza” and 70 small boats sailed in front of Lafayette Mining’s facility in Rapu-Rapu to protest the government’s decision to let mining [...]

Tag: mgm mining philippines

Constitution Mining Appoints New Chairman

Constitution Mining Corp. announces the appointment of Dr. Michael Stocker to serve as the company’s Chairman of the Board.
The Board of Directors appointed Dr. Michael Stocker to serve as a member and Chairman of the board of directors. Dr. Stocker replaces Patrick Gorman as Chairman of the board of directors and Mr. Gorman will continue [...]

Tag: constitution mining, constitution mining corp

Ventyx Releases 2009 U.S. Coal Industry Map

Ventyx®, the world’s largest private software, data and advisory services provider to the energy and utility industry, today announced the release of the new 2009 U.S. Coal Industry Map, providing the industry’s most comprehensive view of this vital sector of the U.S. energy industry.
Utilizing data from the industry-leading Ventyx Velocity Suite energy intelligence solution, the [...]

Tag: 2009 coal industry map, map showing major coal mining cites in the u s, map of major united states coal mining areas in 2009, coal industries marked on a map, mining industry in usa map

Endeavour Announces Positive Results of Noatun C Sidetrack Well

Endeavour International Corporation announced that a sidetrack well to its recent Noatun C discovery has further confirmed the presence of gas condensate at the site located in PL 107 in the Norwegian North Sea. The operator StatoilHydro has issued preliminary estimates of “discovered recoverable reserves between 30 – 50 million barrels oil equivalent.”
The discovery will [...]

Boliden Cuts Zinc Production

Due to decline in demand Boliden is reducing the Groups production of zinc metal at its Finnish and Norwegian smelters. The effect is a reduction by 60,000 tonnes of zinc metal on an annual basis and a temporary lay off of some 50 co-workers. The measures will be effective immediately.
In 2007 the Boliden Group produced [...]

Tag: semprametal

Magnum Energy and ECFL Begin a Combined Program of Drilling-Stimulated Production

Magnum Energy Inc. & ECFL – are currently engaged in drilling, acquiring, and producing oil reserves in West Texas oil fields. Geologists have confirmed multiple pay zones and have estimated reserves at over a million plus barrels in one particular location. Magnum is preparing to start a drilling program to begin the recovery process in [...]

FX Energy Updates Status of Credit Facility; Liquidity Position Enhanced

FX Energy, Inc. reported that it has taken steps to improve its already liquid balance sheet. The Company has drawn an additional $14 million under its Senior Credit Facility through the Royal Bank of Scotland (RBS). Including previous cash on hand, the $5 million drawn and announced previously, and this new funding, the Company now [...]

Greens showing off energy-efficient homes today

Energy-efficient homes and businesses are as close as your next-door neighbor and they are reaping the benefits of self-sufficiency, say experts at The Northeast Sustainable Energy Association.
More than 20 energy savvy home and business owners in the Capital District will open their doors today as part of the 2006 Green Buildings Open House. Information about [...]