No posts found. Try a different search?

Random News from Mining Top News

Allied Energy Begins Drilling 2nd Location in Pawnee County

Allied Energy, Inc. announced today that it has begun drilling its 2nd location in Pawnee County, Oklahoma.
“We expect to reach total depth for the #8-9 Foust in the next couple of days and are confident in the results we have seen thus far in Pawnee County,” said Allied’s President, Steve Stengell.
“Given the present and future [...]

Universal Energy Resources, Inc. Updates Commercial Gas Find and Drilling Operations

Universal Energy Resources, Inc. (the “Company”) announced today updated drilling operations through April 17th, 2007. The Company is a private venture formed by the principals of Grifco International, Inc. (Pink Sheets:GFCI – News) to take advantage of oil and gas production opportunities including 208 drill sites in Crockett County, Texas without risking and/or otherwise encumbering [...]

Tag: universal energy resources ltd, universalenergy ca mining, universal energy resources limited, 936 788 5994, universal energy resources

Nevada Sunrise Completes Updated NI 43-101 Technical Report for Golden Arrow Project

Nevada Sunrise Gold Corporation completed its updated NI 43-101 Technical Report for the Golden Arrow project located in Nye County, Nevada. The updated mineral resource report includes results from the 2008 drilling program.
The Classified Mineral Resource report is quoted at a variable cut-off grade of 0.010 ounces per ton (opt) gold for oxide material and [...]

Chad oil company deadline expires

A 24-hour deadline by Chad’s government for two major foreign oil companies to leave the country has expired.
President Idriss Deby ordered US firm ChevronTexaco and Malaysia’s Petronas, together responsible for 60% of Chad’s production, to quit the country.
Three government ministers have been sacked and may be prosecuted over the alleged non-payment of taxes by the [...]

Sky Petroleum pleased with H2 well

Oil and gas company Sky Petroleum Inc. announced today that it will get $1.1 million in production revenue from its stake in the Mubarek H2 well.
The company expects to receive the second allocation of revenue by the end of January, or roughly 40 days from the second lifting of crude from the H2 well. [...]

MIT forges greener path to iron production

MIT engineers have demonstrated an eco-friendly way to make iron that eliminates the greenhouse gases usually associated with its production.
The American Iron and Steel Institute (AISI) announced recently that the team, led by Donald R. Sadoway of the Department of Materials Science and Engineering, has shown the technical viability of producing iron by molten oxide [...]

Northwest Pipe Reports Record Results

Northwest Pipe Company reported record sales, earnings and backlog for the second quarter of 2008. Sales in the second quarter ended June 30, 2008 were $112.1 million compared to $101.9 million in the same quarter of 2007. Net income in the quarter was $8.4 million, compared to $5.7 million in the second quarter of 2007. [...]

Tag: bakken oil

Wesfarmers Second-Half Profit Rises 61% on Coal Unit, Rail Sale

Wesfarmers Ltd., whose businesses range from hardware to mining and insurance, increased second-half profit 61 percent on higher coal earnings and a one-time gain from selling its rail unit.
Net income rose to A$601 million ($456 million) in the six months ended June 30 from A$373.9 million a year earlier. Second- half profit was calculated by [...]

Baytex Energy Trust Announces Results of Successful Thermal Pilot at Seal

Baytex Energy Trust announce results from our thermal pilot at Seal in the Peace River Oil Sands of northern Alberta. Highlights from the pilot project include:
- Successful execution of all operational phases of the cyclic steam pilot in a representative part of the Bluesky reservoir at Seal;
- Initial post-steam production rate in excess of 900 [...]

Tag: seal river oil, peace river thermal projects, baytex energy history, baytex energy trust in peace river, baytex energy peace river thermal project

Nickel hits all-time high of 50,000 usd as inventories fall 6 pct

Nickel hit a new all-time intraday high for the second day in a row, reaching the psychologically significant 50,000 usd level, as inventories slid by a further 312 tonnes to 6 pct to 5,124 tonnes.
Prices have since eased to trade slightly lower, although they remain elevated, analysts said.
“The market has had this level in its [...]