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Random News from Mining Top News

Companies plan ethanol plants in Burley

Magic Valley is going green. Or yellow, to be more specific.
Two out-of-state companies plan to build corn-based ethanol plants near Burley.
Pacific Ethanol Inc., a California alternative-energy company, and Renova Energy, a London-based energy company, plan to open ethanol facilities in southern Idaho within the next 18 months.
City officials and area farmers are thrilled, and they [...]

Tag: burley renova energy

Cameco Announces Kyrgyz Parliamentary Ratification of Agreement

Cameco Corporation, one of the world’s largest uranium producers announced that the Kyrgyz Parliament has ratified the agreement that Cameco and Centerra Gold Inc. signed with the Kyrgyz government that is described in Cameco’s April 24, 2009 news release. In addition, the Kyrgyz Parliament has passed legislation authorizing the implementation of all of the terms [...]

Alliance Holdings Increases Quarterly Cash Dividend to 25 Cents

Alliance Holdings GP L.P., which mines for coal through its partnership interest in Alliance Resource Partners L.P., said Monday its board has approved the increase of its quarterly cash distribution to 25 cents.
The dividend will be payable on Feb. 16 to holders of record as of Feb. 9. The distribution represents an increase of 16.3 [...]

Oil price suffers biggest two-day drop since 1991

Petroleum companies are facing the hardest time with its biggest two-day drop in 17 years. Crude oil fell over $4 a barrel on Wednesday. A surprise increase as the government announced and showed the data, especially in The U.S. James Williams, an economist at energy research firm WTRG Economics, said that If there is [...]

Anadarko Petroleum to sell two fields for $1.8bn

Anadarko Petroleum Inc Tuesday announced that it has agreed to sell its two Louisiana oilfields to Exco Resources for $1.8 billion in cash.
Anadarko Petroleum mentioned that the Vernon and Ansley fields produce 192 million cubic feet of equivalent per day from about 350 wells and have six drilling rigs and four workover rigs at work, [...]

Rescue of 9 men from Quecreek coal mine commemorated with historical marker

Four years after the dramatic rescue of nine men trapped deep inside a western Pennsylvania coal mine, the 78-hour saga was commemorated Saturday with the dedication of a historical marker.
The Pennsylvania Historical and Museum Commission and the Quecreek Mine Rescue Foundation unveiled the marker at the site where the miners were pulled to the surface [...]

Cambrian Mining confirms in talks with Coal International on potential offer

Cambrian Mining Plc. confirmed it is in talks with the independent executive directors of Coal International Plc. regarding a potential offer to acquire the issued share capital of Coal International not already owned by Cambrian.
The company said current discussions are focused on a share-for-share exchange, with the proposed ratio still under negotiation.

Fronteer Options Out New Turkish Gold Property

Fronteer Development Group Inc. announce that it has signed an option agreement with Newmont Altin Madencilik Limited Sirketi, a subsidiary of Newmont Mining Corporation, to explore Yuntdag, a promising grass-roots gold property located in western Turkey and 100% owned by Fronteer.
Newmont may earn up to a 75% interest in Yuntdag by investing US$6.5 million over [...]

Tag: newmont fronteer, fronteer newmont, fronteer gold, turkey gold mining, fronteer mining stocks

Australian Mining Boom Risks Inflation, Costello Says

Australia’s surging rates of mining and energy investment and record commodity prices pose a threat to inflation and are complicating the government’s budget plans, Treasurer Peter Costello said today.
“We’ve got to be very careful that the increased prices we’re getting for mining products, with the demand for construction we’ve got going at mining sites, doesn’t [...]

New tech program focuses on mining

A new industrial training program now offered at Mesabi Range Community & Technical College’s Eveleth campus is aimed at meeting changing mining industry needs, and filling mining job vacancies expected to occur soon.
Industrial technology with mining emphasis is now being offered this fall as a two-year course for an associate of applied sciences degree in [...]

Tag: mike kern hibtac