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Random News from Mining Top News

Aker Drilling Confirms Statoil Contract

Aker Drilling today confirms the agreement with Statoil for use of its drilling unit on Halten Nordland area in the Norwegian Sea. The contract has a firm period of 3 to 10 years with possible 5 options of 2 years each. Statoil’s license partners in the Heidrun, Norne and Asgard Field confirmed the consent to [...]

Independent Nickel Board of Directors Supports Increase in Victory Nickel Takeover Offer

Independent Nickel Corp. announced that Victory Nickel Inc. has increased its offer to purchase all of the outstanding common shares of Independent Nickel (“Independent Nickel Shares”) and that Board of Directors of Independent Nickel (the “Board of Directors”) has recommended that shareholders accept the Amended Offer, having unanimously determined that the Amended Offer is fair [...]

Canasia Receives Comfort Letters for 100% of Its Recent Coal Permit Applications

Canasia Industries Corp. has received a comfort letter from the Saskatchewan Ministry of Energy and Resources covering 100 per cent of the coal permit applications applied for (announced on July 11, 2008). This letter indicates that Canasia is first in line on all of its applications. These applications have been given coal prospecting permitting numbers [...]

Timberline Receives Positive Hydrogeologic Test Results At Its Butte Highlands Gold Project

Timberline Resources Corporation announced the completion of a hydrogeologic study at its 100-percent owned, royalty-free Butte Highlands Gold Project in southwestern Montana. The positive results of the study represent a significant milestone in the permitting process and the proposed underground exploration and development schedule. The study was a requirement for permit application and Timberline anticipates [...]

Tag: tao minerals ltd

Drax will stop buying SA, Russian coal

The UK’s Drax Group, the operator of Britain’s largest coal-fired power plant, has halted purchases of South African and Russian coal from January 2008 in order to stay within the emission limits imposed from that date.

Coal Miners End Strike In Central Kazakhstan

Coal miners in central Kazakhstan have reportedly resumed work after a subsidiary of the world’s leading steel producer, Arcelor Mittal, agreed to raise their wages.
Trade-union leader Vyacheslav Sidorov said today in the coal-mining town of Shakhtinsk that work at all eight coal mines operated by Mittal Steel Temirtau have resumed.
However, he admitted that not all [...]

Gold Canyon Receives NI 43-101 Technical Report for Horseshoe Island Project

Gold Canyon Resources Inc. announce the completion of the first National Instrument 43-101 compliant Technical Report for the Horseshoe Island Project. The Technical Report was received from Carl D. Huston, P.Eng., an independent mining consultant and Qualified Person. The Horseshoe Island Property, located in Northwestern Ontario, is composed of 2088 hectares of contiguous mineral claims. [...]

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Golden Gate Petroleum Company Profile

Based just outside that City by the Bay, Golden Gate Petroleum distributes daily about 2 million gallons of petroleum products, including BP, Chevron, ExxonMobil, and Shell branded fuels, base oils, and lubricants, to customers located throughout northern California. The company transports its products through a system of pipelines, bulk terminals, railroad cars, and trucks. Its [...]

Mantle Mining Corporation Announces Improved Confidence Levels for Granite Castle Resource

Mantle Mining Corporation advised that an upgraded resource estimate has recently been completed for the Granite Castle Project by Dr William Yeo MAusIMM. A summary of the underlying data and the methodology used for the resource estimates is appended to this announcement. Resource estimates of both gold and silver, from the 690m RL to the [...]

Platinum Equity Completes Sale of PNA Group

Platinum Equity announced today that it has completed the sale of portfolio company PNA Group, a leading processor and distributor of metals products, to Reliance Steel & Aluminum Co. (NYSE:RS) in a transaction valued at approximately $1.1 billion.
The divestiture transaction was previously announced in June. Platinum acquired PNA Group in May, 2006 and created substantial [...]

Tag: pna group gores, pna group sale platinum, business models platinum equity, pna group a metals processor, pna tom gores