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Random News from Mining Top News

MSPL plans IPO to fund iron ore mine buyouts

Iron ore miner MSPL Ltd. is planning an initial public offering to fund iron ore mine takeovers and buyouts of iron ore mining companies in India and abroad, a senior official said.
“We are interested in buyouts of good firms in India and abroad,” Narendrakumar Baldota, chairman and managing director, told Reuters on Thursday.
The company has [...]

Mining project good deal or bad deal?

Prices are right for Birch Lake initiative with promise of jobs, but critics say environment will pay heavy cost
Beneath the ground at a Birch Lake mining site near Babbitt are a lot of non-ferrous minerals ”” copper, nickel, platinum, palladium, even a bit of gold.
They are minerals in demand in a mushrooming global economy. They [...]

Tag: nickel mining bad for environment, why nickel mining is bad

Trout Unlimited buys Rocky Mountain Front petroleum leases

Trout Unlimited has bought leases for natural-gas drilling on 4,900 acres of the Rocky Mountain Front, and the conservation group said it will seek to have the leases retired for good.
Trout Unlimited announced the purchase Thursday, less than a year after the organization accepted Front leases from Questar Corp. The company donated several petroleum leases, [...]

Agnico-Eagle doubles credit lines to US$600 million

Agnico-Eagle Mines Limited announced that it has executed a new non-amortizing US$300 million revolving credit facility, maturing September 2010. Including its pre-existing credit facility, the Company now has US$600 million of credit lines. The pre-existing facility is also a non-amortizing US$300 million revolving credit line, maturing January 2013. Both credit facilities are unsecured. The new [...]

MRPL to sell petroleum products to Mauritius

New Delhi: State-owned Mangalore Refinery and Petrochemicals Ltd (MRPL) will supply 1.03 million metric tonnes of petroleum products to the State Trading Corporation (STC) of Mauritius during fiscal 2006-07, it was announced Friday.
A subsidiary of Oil and Natural Gas Corporation Ltd (ONGC), MRPL will commence supplies to Mauritius from August, an official statement said.
The [...]

Gloucester Coal receives $320 mln bid from Xstrata

Australian coal miner Gloucester Coal Ltd. on Tuesday recommended shareholders accept a A$391 million ($320 million) offer from a subsidiary of Anglo-Swiss miner Xstrata Plc .
Gloucester Coal said the Xstrata Coal offer of A$4.75 a share was at a 33 percent premium to the one-month volume weighted average price of Gloucester Coal shares, and 27 [...]

Rimfire and Northgate Commence Drilling at Boulevard, Yukon

Rimfire Minerals Corporation announce that in partnership with Northgate Minerals Corporation drilling has commenced at its new gold discovery on the Boulevard Property. The Boulevard Property is located approximately 135 kilometres south of Dawson City, Yukon. Gold bearing mineralization, including 7.04 g/t gold over 6.0 metres, was discovered in two of three trenches over a [...]

Thai PTT willing to sell Star Petroleum stake

PTT PC , Thailand’s top energy firm, said on Thursday it would sell its stake in Star Petroleum Refining Cc (SPRC) if a planned listing of the oil refiner went ahead this year.
PTT, which owns 36 percent of SPRC, wanted to list the refiner in the fourth quarter of 2007, but that would depend on [...]

Tag: star refinery thailand, star petroleum thailand, star petroleum and refinery thailand, star refining ptt, ptt thailand petroleum

Axcess Micro-Wireless IDs Rolled out in West Virginia for Miner Safety

Axcess International, Inc., a leading provider of Micro-Wireless business activity management solutions, today announced the rollout of its long range Micro-Wireless IDs across an initial 30 West Virginia mines to enable mine operators to comply with the new safety regulations outlined in The Miner Act of 2006. The Axcess miner tagging solution is embedded into [...]

Chevron, USA Petroleum cancel gas station sale

Chevron U.S.A. Inc. and USA Petroleum Corp. said Friday they terminated their agreement for Chevron to purchase 122 USA Petroleum gas stations in California.
No reason was given for the decision.
Chevron U.S.A., a subsidiary of San Ramon-based Chevron Corp. (NYSE: CVX), had planned to operate the stations, selling either Chevron- or Texaco-branded gasoline. The [...]