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Random News from Mining Top News

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 Kraken [...]

Tag: seajacks international and riverstone, seajacks news, riverstone completes acquisition of seajacks international, seajacks international, seajacks acquisition

Examine the Fundamentals of Structural Metal Product Manufacturing in the US

Research and Markets has announced the addition of the “Structural Metal Product Manufacturing in the US” report to their offering.
This industry comprises establishments primarily engaged in manufacturing one or more of the following: (1) prefabricated metal buildings, panels and sections; (2) structural metal products; and (3) metal plate work products. This report covers the scope, [...]

Yellowjacket Mine Achieves Full Commercial Production, New Gold Zone Discovered

Yellowjacket Joint Venture (“Eagle Plains Resources Ltd. (EPL:TSX-V) and Prize Mining Corp. (PRZ:TSX-V)”) jointly announce completion of final commissioning and permit compliance requirements to allow for commencement of full production at their Yellowjacket Gold Mine, located in northwestern British Columbia. On July 10, 2009, the Yellowjacket Gold Mine received its BC Mines Act Permit for [...]

Tag: anaconda mining yellow jacket, canadian gold stock sisco, p h mining, www panoceannigeria com, thomas j obradovich

Roc Oil Signs Angolan Drilling Deal with Simmons Drilling

Roc Oil has signed a two-year contract with Simmons Drilling Overseas Limited for the Simmons 80 Rig, which is expected to start drilling onshore Cabinda between March and May 2007. The 1,200 horsepower rig is currently being upgraded in Dubai, and is capable of drilling to 4,000 meters in conventional hole sizes. Under the terms [...]

Tag: simmons drilling overseas, simmons drilling overseas limited, simmons drilling dubai, simmons drilling overseas limited angola cabinda, simmons drilling overseas ltd

W&T Offshore, Inc to Extend Revolving Credit Facility

W&T Offshore has just announced a report to the media that it has extended the maturity of its currently undrawn $500 million revolving credit facility to July 23, 2012. Toronto Dominion (Texas) LLC led the group of 16 lenders, with no one institution holding more than 10% of the commitment.
Founded in 1983, W&T Offshore is [...]

Peabody Profit Up 61 Pct on Coal Demand

Global demand for coal spurred a 61 percent jump in Peabody Energy Corp.’s second-quarter earnings, reported Thursday. But shares in the world’s largest coal company sank 9.5 percent on what one analyst called concerns about potential softening in coal industry prices.
The St. Louis-based company earned $153.4 million, or 57 cents a share, for the period [...]

Irwin Energy Acquires Brimstone Mining Inc.

Irwin Energy Inc. (PINKSHEETS: IWNE) announced today that it has closed its acquisition of Brimstone Mining Inc. Under the terms of the agreement, Irwin acquired 100% of the issued and outstanding capital stock of Brimstone Mining Inc., for a total of $2,000,000 in cash and stock. Through this acquisition, Irwin Energy now has a 100% [...]

Russian uranium miner Priargun sees Q1 earnings plummet 71.4%

OJSC Priargun Mining and Chemicals Association, Russia’s biggest uranium mining enterprise, saw its net profit plummet 71.4% year-on-year in the first quarter of 2008 to 20.02 million rubles. Priargun, located in the Chita region, said in a financial statement that sales revenue rose 15.3% to 1.671 billion rubles and that costs rose more than 17% [...]

GFCI: Forms Precision Drilling Inc. for Gas Wells in Crockett County, Texas

Grifco International, Inc. (GFCI) announced that it has formed Precision Drilling Inc., to act as the prime drilling contractor for the 208 gas wells to be spudded in Crockett County, Texas. The new profit center will be incorporated in Nevada, with 51% ownership retained by the Company.

Foundation Coal Declares Quarterly Dividend of 5 Cents Per Share

Foundation Coal Holdings Inc. on Tuesday announced a quarterly dividend of 5 cents per share.
The company will pay the dividend June 28 to shareholders of record June 15.