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Random News from Mining Top News

News From the Horizontal Drilling Front

For those following the Cotton Valley horizontal drilling play, there is news of a disappointing well from GMX Resources . The Baldwin 5-H well, their first horizontal, reportedly has initial production of 1.8Mmcfed. While all the frac water is not out of the well, and initial production may still rise, it is not much [...]

Rio Tinto Reaches Agreement to Sell Potash Assets and Brazilian Iron Ore Operation

Rio Tinto has signed definitive agreements to sell its undeveloped potash assets, largely comprising the Potasio Rio Colorado (PRC) potash project in Argentina, and its Corumbá iron ore mine in Brazil and the associated river logistics operations in Paraguay to Vale, the Brazilian mining company, for a total cash consideration of US$1.6 billion. Completion of [...]

Tag: mine reaches agreement, aluminum paraguay, prc argentina potash, yemen potash, vale mining potash

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

Crosshair Exploration & Mining Corp. and Target Exploration & Mining Corp. have entered into a Letter Agreement to combine their businesses to create a well-funded, low-cost, growth-oriented, uranium exploration and development company with a defined timeline to production in one of the most mining friendly jurisdictions in North America.
The two companies have agreed to combine [...]

CWLP sends wind energy bids for review

City Water, Light and Power has received eight bids to provide wind energy and will send them to be evaluated by a Florida company that markets the city’s wholesale energy.
Once that company, The Energy Authority, reviews the proposals, CWLP will make a recommendation to Springfield aldermen, CWLP general manager Todd Renfrow said Friday.
Until that [...]

Tag: cwlp wind power contract

Duffy & McGovern in Supply Deal with Sperry Drilling Systems

Duffy and McGovern is continuing its rapid growth in the Caspian region after signing a new deal with Halliburton’s Sperry Drilling Systems division, in Kazakhstan.
Duffy and McGovern Accommodation Services, which was acquired by HB Rentals in January, won the deal due to its ability to mobilize units immediately for Sperry Drilling Systems.
A pair of A60 [...]

Soma Petroleum Starts Trading On Frankfurt Stock Exchange

Soma Petroleum Ltd. (SOMPF.PK) said on Wednesday that it has commenced trading on the Frankfurt Stock Exchange in Germany under the trading symbol SAI. The company noted that the opening price is 3 euro.
In addition, the company said that it signed a joint letter of Intent with Equitable mining Corp. and also with Dalian Aikete [...]

Freewest Updates Exploration Activities on the George River Uranium Property and the Clarence Stream Gold Property

Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. is pleased to provide the following update on the Company’s exploration activities undertaken on the George River Uranium property located in Quebec and Newfoundland and Labrador well as the Clarence Stream gold property in New Brunswick.
GEORGE RIVER URANIUM PROPERTY:
Additional research, compilation and claim staking [...]

Northern Shield Resources Defines Gold Anomaly at its Faint Hope Property in northern Ontario

Northern Shield Resources Inc. an innovative, results-driven Canadian company focused on Platinum Group Element (PGE) exploration in Ontario announce the completion of a soil sampling survey over its 100% owned Faint Hope property north of Cochrane, Ontario, which is being explored for Homestake-style gold mineralization. The property, which consists of 6 contiguous claims, covers what [...]

Tag: citric mining, salt leach for gold

Kanawha Eagle Coal miners went inside a simulated mine Saturday to practice escape techniques.

West Virginia is making history when it comes to mine safety.Kanawha Eagle Coal Co. miners are the first men in the nation to use a simulated mine, filled with smoke, as part of their annual training course at the Walker Machinery Training Facility in Belle.
You could hear the mining activity. You could see what miners [...]

Tag: kanawha eagle coal, bob ellis kanawha eagle coal, kanawha eagle mine, mining self rescuer, kanawha eagle coal in wv

Prospect Uranium, Inc. Announces Secure Energy, LLC. Joint Venture

Prospect Uranium, Inc., a subsidiary of Tonogold Resources, Inc., announces the formation of Secure Energy LLC., a joint venture for the purpose of acquiring and developing advanced uranium exploration properties amenable to in-situ recovery mining methods.
The Secure Energy LLC. joint venture is an agreement between Prospect Uranium, Inc., Donbarra Group LLC and Hardbow Uranium LLC.
The [...]