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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 [...]

State approves Bull Mountain mine expansion

The Bull Mountain coal mine south of Roundup recently received state approval to significantly expand the area to be mined using the underground longwall mining method.
The mine plan revision will enable the company to take advantage of its reserves by recovering more coal more efficiently, said John DeMichiei, president and chief executive officer of Bull [...]

Tag: john demichiei, coal mine bull mountain montana, bull mountain mine longwall report

Resource firm hoping for uranium mine start

A major resource company says a uranium mine could open in north-west Queensland as early as 2010.
Summit Resources hopes the federal Labor Party will relax its policy ban on new uranium mines at its national conference next April.
Managing director Allan Eggers told a mining conference in Mount Isa, the region’s uranium deposits could generate up [...]

Niger and China in $5 Billion Oil Deal

The West African nation of Niger signed a $5 billion deal with China’s state-owned oil company to tap the impoverished country’s oil reserves within three and a half years.
China National Petroleum Corp. pledged to invest in exploration, drilling, pipelines and a refinery.
Niger hopes to start extracting oil from the area before the end of 2011. [...]

Manas Petroleum Commences Seismic Program in Albania

Manas Petroleum Corporation today announces that it’s wholly owned subsidiary DWM Petroleum AG has commenced the first part of a 600 KM 2-D seismic program in Albania.
The seismic crew from the Geological Institute of Israel (GII) has mobilized 5 vibrators to Albania and set up a camp close to Tirana (Albania). Today the first line [...]

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

Great Western Minerals Group Ltd. announce that it has entered into an option agreement with a third party to acquire a 100% working interest in a Rare Earth Elements property in the Province of New Brunswick, approximately 53 km east-northeast of the city of Bathurst. The agreement is subject to regulatory approval.
This property is [...]

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Dumont sells Utah properties for cash plus royalty

Dumont Nickel Inc. announce that it has concluded a sale of its Utah mineral properties and interests in the Clifton-GoldHill District to Clifton Mining Company (CFTN:USOTC) for USD$255,000 cash and a 0.5% net smelter return royalty against future production proceeds from certain parts of the properties.
Dumont established the Utah Joint Venture in 2002 (announced December [...]

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ProEx Energy to present at CAPP Oil & Gas Investment Symposium

Mr. David Johnson, President and CEO of ProEx Energy Ltd. (“ProEx” or the “Company”) will present at the 18th Annual CAPP Oil & Gas Investment Symposium on Monday, June 12, 2006 at 9.55 a.m., Calgary time and on Tuesday, June 13, 2006 at 3:25 p.m., Calgary time.
A live webcast of the ProEx presentation on Monday, [...]

Detour Gold and Trade Winds Joint Venture for Block A Located West of Detour Lake

Detour Gold Corporation announce that it has executed a comprehensive Joint Venture Agreement with Trade Winds Ventures Inc. for the 50/50 joint venture on the Block A property located immediately west of the Detour Lake property.
The new agreement formalizes the operating relationship between the parties, which was previously governed by a binding Letter of Intent [...]

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Bronco Energy Ltd.: Operations Update-Wabiskaw Horizontal Oil Wells on Production

Bronco Energy Ltd. announces that it has completed the drilling, completion and equipping of six horizontal wells in the Wabiskaw formation on Indian Oil and Gas Canada (“IOGC”) Mineral Lease OL 6117, located at Wabasca, Alberta in the heart of the Athabasca Oil Sands Deposits, and has placed the wells on production to temporary [...]