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Random News from Mining Top News

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.

Bulgarian Minister Demands Revision of Canadian Company’s Gold-Mining Concession

Bulgaria’s environment minister said Wednesday that a 30-year gold mining concession deal with a Canadian company needed revision because it did not suit government interests.
“It is a question of national interests,” Dzhevdet Chakarov said. “The state must also benefit from the concessions.”
Canada’s Dundee Precious Metals Inc. through its Bulgarian subsidiary, Chelopech Mining EAD, acquired a [...]

Petronas abandons Mindoro oil drilling

Petronas Carigali Overseas Sdn Bhd, the state oil and gas company of Malaysia, withdrew its 80 percent participation from an exploration contract area in offshore Mindoro island.
PNOC Exploration Corp., a unit of state-owned Philippine National Oil Co., confirmed the decision of Petronas.
Petronas decided to transfer its entire interest in service contract 47 to PNOC [...]

Tag: pnoc offshore mindoro, mines news mindoro, mindoro oil exploration, mindoro mines news, oil gas driling in mindoro philippines

Petro Canada, As Part Of The Fort Hills Energy Limited Partnership, Defers Mine Decision Until 2009 And Defers Upgrader

The Fort Hills Energy L. P. announced that it will defer the final investment decision on the mining portion of the Project until a cost estimate consistent with the current market environment can be established. The Partnership now anticipates making a final investment decision in 2009. The Sturgeon Upgrader portion of the Project will be [...]

Tag: first largest coil mine, list of largest mining companies in the world, top zinc producers in asia pacific, largest iron nuggets, worlds biggest producer of molybden

Cabo to drill International Millennium Cobalt Area property in Ontario

Cabo Drilling Corp., Ontario Division, has signed a drilling contract with International Millennium Mining Corp. (IMMC) for an initial 2,500 meters of diamond drilling near the Waldman mine on IMMC’s Cobalt Area Property in Ontario. The purpose of the program is to test several strong targets identified by a MMI (mobile metal ion) sampling program [...]

Tag: baobab resources

Millstream Cuts 15 Metres of .16% Nickel at Potter

Millstream Mines Ltd. is pleased to announce that at its Potter Mine Project in north eastern Ontario, a diamond drill hole, S-07-17 has intersected 15 metres of nickel bearing mineralization grading .16% nickel along with anomalous values of copper, zinc and cobalt. The mineralization is hosted in peridotite. The hole was targeted to test a [...]

Surging oil and food prices fuel global inflation

Soaring oil and food prices lifted inflation to record levels in Europe on Wednesday and posed a serious threat to governments worldwide amid expert warnings of social upheaval.
Record inflation has spared neither rich nor poor countries as food and energy prices have surged worldwide with booming demand in fast-growing Asian countries such as China and [...]

Ukraine ups iron ore exports 2.1% in 2006

Ukraine raised iron ore exports tentatively 2.1% in 2006 to 19.88 million tonnes, a source at Ukrrudprom, the association of Ukrainian mining enterprises, told Interfax.
Iron ore concentrate exports jumped 13.4% to 3.995 million tonnes and sintering ore exports rose 9.1% to 7.32 million tonnes, however pellet exports fell 10.1% to 8.6 million tonnes.

East Asia Minerals Drills More Gold at Miwah

East Asia Minerals Corporation reports that assays have been received from an additional two diamond drill holes at the Main Miwah Gold Zone in Aceh Province, Northern Sumatra, Indonesia. The gold mineralized intersections are located west and south of drill hole EMD008, which encountered 2.11 g/t gold over 100 metres, including 4.81 g/t gold over [...]

Tag: aceh gold industry, north mining aceh

Pump Manufacturers In The Oil And Gas Industry Strike A Rich Vein With Their Solutions-Based Approach

Pump manufacturers in the oil and gas industry will likely garner substantially higher sales revenue by offering complete services and solutions with their products. These manufacturers seek to improve their competitive edge by providing convenient access to additional service and solution requirements such as on-site assistance, maintenance and spare parts.
New analysis from Frost & Sullivan [...]