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Random News from Mining Top News

United Airlines Fuel Bill Nears $10 Billion

There was more grim new from the airlines industry. United Airlines says its 2008 fuel bill will hit $9.5 billion — more than $3.5 billion higher than last year.
United parent UAL Corp. also estimates passenger revenue for the second quarter will increase by 4 or 5 percent over a year ago. It said in an [...]

Gasoline Higher at the Pump

Retail gas prices rose one cent Friday to a new national average over $3.96 a gallon, putting them on a course to hit $4 by early next week. Oil futures settled higher after trading in a narrow range.
Light sweet crude for July delivery rose 73 cents to settle at $127.35 a barrel.
At the pump, gas [...]

Mustang Minerals and Western Areas Sign Agreement for Joint Venture at East Bull Lake Near Sudbury, Ontario

The Board of Mustang Minerals Corp. announce an agreement to explore the East Bull Lake Project, 80km west of Sudbury in Ontario, Canada.
Western Areas can earn a 65% interest in the project from Mustang Minerals by funding up to C$4.5M in two stages over five years. The project includes net smelter royalty interests. The main [...]

Tag: royal nickel

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

Double Eagle Petroleum Reports Cash Dividend on Its Series A Cumulative Preferred Stock

Double Eagle Petroleum Co. reported today that its Board of Directors declared a cash dividend on its 9.25% Series A Cumulative Preferred Stock in the amount of $0.578125 per share, payable on September 30, 2008 to shareholders of record as of September 20, 2008. The Series A Preferred Stock was issued on July 5, 2007 [...]

Tag: universal ppty dev lp

Sago Mine report to come Monday

Nearly a year after an underground explosion led to the deaths of 12 miners, West Virginia officials say they will release their conclusions about the Sago Mine tragedy on Monday.
Mine safety chief Ron Wooten said Tuesday that the report was not finished and declined to preview any details.
“There will be questions that may never be [...]

Sago mine documentary ‘emotional’

Harlan County native Carl Shoupe hasn’t met the families who lost loved ones in West Virginia’s Sago Mine disaster. But he shares a brotherhood with them as a former coal miner, and he recently helped re-enact the tragedy in a Discovery Channel feature.
The Discovery Channel filmed part of the two-hour documentary Sago Mine Disaster: On [...]

Tag: discovery channel sago mine documentary, sago mine disaster documentary, discovery channel miner disasters, sago mine documentary, families of sago miners coping

Aquiline Announces Further Calcatreu Drill Results; Exercise of Warrants

Aquiline Resources Inc.is pleased to announce further results from its 2006 exploration drilling program at its 100% owned Calcatreu gold-silver project in Rio Negro Province, Argentina. The objective of the program was to identify areas with potential for the development of additional resources in the immediate vicinity of the Vein 49 \ Nelson deposits which [...]

Almaden Minerals Ltd.: Encouraging Results from ATW Diamond Property

Almaden Minerals Ltd. has received results from a 2008 winter exploration program on its 57.7% owned ATW diamond property located at Mackay Lake, NWT. The project is located proximal to a number of active diamond projects: The Diavik Mine lies about 18 miles north, the Snap Lake Project is about 42 miles southwest, and Mountain [...]

Fission Energy Corp. Promotes Ross McElroy to President and Chief Operating Officer

FISSION ENERGY CORP. announce that Ross McElroy, currently Vice-President of Exploration, has been promoted to President and Chief Operating Officer. Mr. McElroy has over 20 years professional experience in the mining industry, which include previous positions with BHP Billiton Diamonds, Cogema Canada (now AREVA), and Cameco, where he was a member of the early [...]