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Random News from Mining Top News

Mountain Capital Inc. – Acquires “Vermilion 15″ Potash Permits

Mountain Capital Inc., subject to regulatory approval, has signed an agreement to purchase a 100-per-cent interest in the Vermilion 15 Potash Property, located in east-central Alberta. The property consists of four metallic and industrial minerals permit applications that were recently awarded through private bid by the Department of Energy, Alberta. The Vermilion 15 Potash Property [...]

Tag: blair naughty mountain capital, unity saskatchewan potash deposit, potash unity, acquires vermilion 15 potash 2008, mountain capital potash

Lykins Companies, Inc. Company Profile

The Lykins family took a liking to petroleum and petroleum products marketing when Guy Lykins founded the enterprise in 1948. The Lykins Companies serves as a marketer for large oil companies such as CITGO, BP, Exxon Mobil, and Marathon Oil, and services approximately 200 dealers. Products hauled by its trucking unit include gasoline, heating oil, [...]

Alliant unit selling assets to build coal plant, boost wind power

Alliant Energy Corp.’s Iowa utility is selling transmission assets for $750 million in cash to fund construction of a coal-fired power plant and an increase in wind power generation in that state.
Interstate Power & Light Co., a utility of Madison-based Alliant Energy, said Friday that Wisconsin Power & Light Co., Alliant’s Madison utility, is also [...]

Mirabela extends the term of debt financing package

Mirabela Nickel Limited has signed an extension of its US$80 million bridge financing facility with Barclays and Credit Suisse. Once certain registration formalities and other conditions are complete, the term of the bridge facility will be extended to 30 June 2009.
As part of the financing package, 1,500,000 options will be issued to each Bank exercisable [...]

Tag: groupe suisse lundin

Refining Stocks Rise as Deutsche Bank Upgrades

Refining stocks rose as investors took a fresh look at the sector after a Deutsche Bank analyst raised his rating on Holly Corp. and Tesoro Corp.
Analyst Paul Sankey hiked his ratings on Holly and Tesoro to “Hold” from “Sell.” He upgraded the stocks because they were relatively cheap, not because of any major change by [...]

Chevron boosts capital budget Energy giant invests in oil, gas production amid records profits

Chevron Corp. will spend $19.6 billion in 2007 drilling new oil and natural gas wells, building offshore platforms and upgrading gasoline refineries — a 22.5 percent increase over the company’s capital expenses this year.
The San Ramon energy giant reported Thursday that it will use about 75 percent of the money to boost production of oil [...]

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 [...]

Lundin Mining Reports on Status of Negotiations With Labour at Galmoy Mine

Lundin Mining Corporation reports on the status of negotiations between management of the Galmoy zinc/lead mine in Ireland and the unions representing employees at Galmoy Mines Ltd., the SIPTU and the TEEU. Management of the mine has been negotiating with the unions since June, 2006 regarding the level of pay increases for 2006 and [...]

China regulates coal-chemical industry

The Chinese government has just issued a circular on regulating the coal-chemical industry, urging local governments to tighten control of new projects.
The government will not approve coal Liquefaction projects with an annual production capacity under three million tons, methanol or dimethyl ether projects under one million tons and coal-to-alkene projects under 600,000 tons, said a [...]

Castle Rock Petroleum Ltd.: Resignation of Vice President, Operations

Castle Rock Petroleum Ltd. announces that Mr. David Bell, Vice President, Operations, has resigned effective immediately. The Board of Directors thanks Mr. Bell for his contribution to Castle Rock over the past two years and wishes him all the best in his future endeavours.
Castle Rock Petroleum Ltd. is engaged in the acquisition, exploration, development and [...]