Russell Industries Becomes National Algae Association Member
Russell Industries, Inc. announces that, in order to complement its uranium-based long-term alternative energy efforts with a shorter-term, totally renewable alternative fuel source, it has become a member of The National Algae Association. The National Algae Association has appointed Rick Berman, President and CEO of Russell Industries, as a member of its Advisory Board and Political Action Committee....
Kerry Associates, Inc. Receives LOI for Exclusive Joint Venture on Behalf of W2 Energy, Inc.
Kerry Associates announce that it has received a signed letter of intent on behalf of W2 Energy, Inc. from Aquarian Gold Corp. to become an exclusive Joint Venture Partner in Indonesia. The letter of intent would allow Aquarian Coal to become the exclusive Joint Venture Partner in Indonesia to use this technology to produce liquid fuel from coal. W2 Energy, Inc. has certain rights and licenses for...
Simbol Mining Secures Series A Investment From MDV and Firelake
Simbol Mining, a company focused on the production of lithium and other commodity metals using clean, zero waste production processes from brines and effluent streams, today announced completion of its Series A round of investment. The $6.7 million financing was led by MDV-Mohr Davidow Ventures and Firelake Capital. The funds will be used to complete development of processes for lithium extraction. Lithium...
Adanac Molybdenum Corporation: Senior Management Core Team Appointment
Adanac Molybdenum Corp. is pleased to announce, effective August 01, 2008 that the Board of Directors has approved the appointments of: Peter R. Jones – Chairman, President and Chief Executive Officer Christopher C. Kirby – Vice President and Chief Financial Officer Kenneth W. Calligar – Vice President Finance Mr. Jones P. Eng., has 38 years of extensive experience in the mining industry...
NovaGold to Sell NovaGreenPower for $40 Million
NovaGold Resources Inc. announced that it has reached a binding agreement to sell 100% of its NovaGreenPower subsidiary for up to $40 million to AltaGas Ltd., a Calgary based energy infrastructure company. NovaGreenPower owns several development-stage run-of-river hydroelectric projects located in northwest British Columbia. The transaction is expected to close later today, with payment to NovaGold...
BP, Rio Tinto Venture to Develop Clean Coal Energy
BP Plc and Rio Tinto Plc formed a joint venture, Hydrogen Energy, to develop technology for producing power from coal, oil and natural gas without emitting the gases blamed for global warming. Rio will pay $32 million to BP to form the equally owned venture, which includes two planned BP hydrogen-fuel projects in Scotland and California that will cost at least $1 billion each. “Projects such...
Miners vow on clean coal
Under political pressure over climate change, the coal industry has vowed to raise at least $1 billion to develop technology to curb greenhouse gases. The announcement increases by $700 million the funds producers have committed to clean coal technology. Both the federal government and Labor have put much store in the technology as a way of reducing emissions. The Australian Coal Association said the...
Chesapeake Energy reportedly dropping ‘Coal Is Filthy’ campaign
Chesapeake Energy Corp. is dropping its support for a series of controversial ”Coal is Filthy” advertisements in Texas. Tom Price, a Chesapeake Energy vice president, said today, ”The reason that we’re dropping the support is, it (the advertising campaign) was intended to further the discussion about our nation’s energy supply and whether clean coal at this stage is...
Alliant seeks approval for coal plant
Formalizing a decision it announced in April, Alliant Energy Corp. has asked state regulators for permission to build a coal-fired power plant in Cassville, expanding the existing Nelson Dewey facility. The proposed 300-megawatt plant would provide enough power for about 150,000 homes. If approved, Alliant hopes to begin construction of the $777 million plant by June 2008 so it could be operational...
Polaris Geothermal Signs Well Drilling Contracts
Polaris Geothermal Inc., a renewable energy geothermal power producer, is pleased to announce that its subsidiary, Polaris Energy Nicaragua (“PENSA”), has entered into well drilling contracts for the drilling of production and re-injection wells to triple its generation capacity at the San Jacinto geothermal field in Nicaragua. The first of the contracts was entered into with the drilling...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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