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Random News from Mining Top News

Global Petroleum: No Oil Shows in Pomboo 1 Yet

Global Petroleum reports that the Pomboo 1 well, located offshore Kenya has drilled to 39 meters and encountered mostly shale with some thin sandstones. A thick sandstone has been drilled from about 4,685m to 4,771m and although no significant oil and gas shows have been observed so far in the well, a full evaluation of [...]

ONEOK Distribution Companies Named Leading Performers in Emergency Response by AGA

ONEOK, Inc.’s three distribution companies, Kansas Gas Service, Texas Gas Service and Oklahoma Natural Gas, have been recognized as top performers by the American Gas Association in the area of emergency response.
This recognition is part of AGA’s 2008 Operations Best Practices Benchmarking Program, which is considered to be one of AGA’s most valuable programs.
“We are [...]

Brinx Announces First Well in the 2008-3 Program Intercepts 200 Feet of Gross Pay

Brinx Resources has announced that the first well in Ranken Energy’s 2008-3 drilling program, the Selman #1-21, was drilled and reached a total depth of 6842 feet on January 28, 2009.
Open logs were run on the well and indicate a gross pay interval with gas shows from 6046′-6051′ in the Gibson Sand and from 6054′-6234′ [...]

Kerry Associates, Inc. Receives LOI for Exclusive Joint Venture on Behalf of W2 Energy, Inc.

Kerry Associates announce that it has received a signed letter of intent on behalf of W2 Energy, Inc. from Aquarian Gold Corp. to become an exclusive Joint Venture Partner in Indonesia. The letter of intent would allow Aquarian Coal to become the exclusive Joint Venture Partner in Indonesia to use this technology to produce liquid [...]

Tag: kerry mining, kerry associates, gem global yield fund stock exchange of hong kong limited

Petro-Canada May Stage Oil-Sands Project to Cut Costs

Petro-Canada, the third-largest oil company in Canada, may stage development of its Fort Hills oil- sands project to reduce labor costs, a company executive said.
Dividing the project into two parts could cut demand for workers to 8,000 from the 12,000 currently estimated, Neil Camarta, senior vice-president of oil sands for the company, told an energy [...]

Green light for more Tas mineral exploration

The Tasmanian Government has granted five new mineral exploration licences in the state’s west and north.
Sydney-based company Manasia Holdings has applied for three licences to look for gold, nickel and base metals, near Beaconsfield, at the Yolande River near Queenstown and east of Savage River.
Rubicon Mintech Ventures will explore for minerals at Hangmans creek, near [...]

East Asia Minerals Updates Progress at Miwah Gold Project – Indonesia

East Asia Minerals Corporation reports that exploration activities at its Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia have not been affected by the recent earthquakes that have resulted in the crisis of Western Sumatra. Foremost, East Asia Minerals extends condolences to the families and communities that have been affected by the earthquakes.
Regarding the [...]

Tag: indonesian funder for mining project

China’s first quarter iron ore imports up 23.4 percent

China’s imports of iron ore jumped 23.4 percent in the first quarter from a year ago as companies piled up stock before international price hikes took effect this month, state media said Thursday.
In the first three months of this year, China imported 100.2 million tonnes of iron ore, up 23.4 percent year on year, the [...]

Majescor and Strateco Plan a Winter Exploration Program and Sign a Definitive Option Agreement for the Mistassini Uranium Property, Otish Mountains, Quebec

Majescor Resources Inc. and Strateco Resources Inc. report that they have executed a definitive option agreement for Majescor’s Mistassini uranium property. The Property is host to the Lac Mantouchiche uranium showing where Majescor drilled an 18.5-metre intersection grading 0.215% U3O8 near-surface in hole MIST-07-03 .
Strateco is currently planning an exploration program for the Property with [...]

STERLING MINING ADVANCES TUNNEL & COMMENCES UNDERGROUND DRILLING

Sterling Mining Company (OTC: SRLM, Frankfurt Stock Exchange: SMX) is pleased to report on the continued progress of its multi-phase program aimed at returning the Sunshine Mine in North Idaho’s Silver Valley to long-term sustainable production. The company has advanced the new Sterling Tunnel over 1,000 feet, and has also initiated underground exploration drilling to [...]