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Random News from Mining Top News

Oil prices down on Bear Stearns concerns

Oil prices have plunged Monday at least temporarily retreat to record levels, investors were concerned that the financial crisis that forced the sale of Bear Stearns is a sign of deep economic difficulties.
Oil slump – falling $ US4.53 to settle at $ US105.68 barrel on the New York Mercantile Exchange – came hours after futures [...]

MINE PROJECT PLANNED

E.P. Bender Coal Co. hopes to begin next month a five-year project to clean out an abandoned Cresson Township mine.
The state’s Department of Environmental Protection has issued an operating permit for the 198-acre Lilly Mine 3A, says Tom Rathbun, a department spokesman. Bender plans to cover its clean-up costs with coal taken from the abandoned [...]

Magellan Energy Announces Corporate and Project Update

Magellan Energy Ltd., an independent oil and gas company, issues an update on the status of its current projects including the participation agreements in Morgan County, Tennessee. This update addresses the ongoing work over procedures as well as the company restructuring notices.
Magellan Energy is pleased to announce that the work on the Robert Anderson Lease [...]

Tag: magellan energy new, tmd energy inc, tmd oil gas inc, tmd energy, apolinar v carcasona

Tiomin halts titanium mining in Kenya over land disputes

Canadian mineral exploration firm Tiomin Resources said it had halted a massive titanium mining operation in Kenya over land issues and access to the site.
In a statement, the company said a disagreement over land had spawned delays, causing costs to rise, forcing the project’s lenders to withdraw a 155 million dollar (120 million euro) debt [...]

Enhanced Oil Resources, Inc. Announces Start-Up of CO(2) Injection at Milnesand (San Andres) Unit, Roosevelt County, New Mexico

Enhanced Oil Resources, Inc. announced that CO(2) injection at the Company’s wholly owned Milnesand (San Andres) Unit oil field located in Roosevelt County, New Mexico commenced on August 25, 2008 and over the last 7 days injection has stabilized at a daily rate of approximately 0.4 million cubic feet per day (mmcfpd).
As previously announced, the [...]

Monogram Energy Inc. to Workover 3 Wells

Monogram Energy Inc. announce that the workover of 3 wells on the T.W. Martin lease is scheduled to begin today. Upon completion, the Company expects to see a substantial increase in the production of these wells.
Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, “We’re anxious to get this completed, as we are [...]

Greymouth Petroleum Plans More Sidetracks

Greymouth Petroleum has a busy series of appraisal wells scheduled at its onshore Kaimiro and Ngatoro fields, and the company has scheduled a new well to appraise extensions of the historical Motoroa oilfields on the New Plymouth shoreline, according to New Zealand Crown Minerals.
Outlining these plans, John Sturgess the chief operating officer for Greymouth Petroleum, [...]

Tag: greymouth petroleum news, greymouth petroleum john sturgess

ETHANOL FROM MAIZE OFF THE BOIL

With the price of crude oil having fallen to below US$60/barrel, it looks as if the great enthusiasm among investors for vegetable ethanol, especially in the US, is cooling. Perhaps diluting is a better word. Last week, one blue-eyed newcomer, Hawkeye Holdings, decided – due to a lack of interest – to postpone its [...]

High Plains Announces Drilling Results on Converse-Sand Creek Project

High Plains Uranium, Inc. and Energy Fuels Inc. (TSX VENTURE: EFR) are pleased to announce favourable results from a drilling program conducted on the Sand Creek Joint Venture area of interest near Douglas, Wyoming. The drilling was conducted by operating partner New Horizon Uranium Corporation.
A drilling program was initiated on November 24, 2006 that [...]

China’s power plants agree to pay more for coal

Coal producers and power plants agreed to lift coal prices this year by an average of 30 yuan per tonne, or around 10 percent, state media reported, striking a deal for the first time without government intervention.
Shares in listed coal firms soared on Thursday on improved prospects for coal prices. China Shenhua Energy and [...]