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Random News from Mining Top News

Nirek’s Completion of a 43-101 Bolsters Exploration of Sarah Lake Property

Nirek Resources Inc announce the completion of a preliminary National Instrument 43-101 report on its Sarah Lake property in Quebec.
The preliminary 43-101 Technical Report was prepared by Fenton Scott, P.Eng., who is a Qualified Person. Mr. Scott has carried out site examinations on the property. The property is located 85 kilometres south of Wabush, Labrador [...]

Hycarbex-American Energy, Inc. Announces Spudding of Yasin Exploratory Well #1

The American Energy Group, Ltd. announced that Hycarbex-American Energy, Inc. has spudded the Yasin Exploratory Well #1 on Yasin Block. The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession. The working interest is co-owned by Hycarbex (85%), Hypak Asia (Pvt) Ltd. (10%) and Government Holdings (Pvt) Limited (5%).
As [...]

European Energy, Mining Stocks Rise, Led by BP; Peugeot Falls

European energy and mining stocks, the region’s worst performers in the past three months, rose as a cut in oil output and a nuclear detonation in North Korea lifted commodity prices. BP Plc and Rio Tinto Group paced the advance.
“With oil ticking up and metal prices higher, there might be a new window in the [...]

Rockwell Recommends Shareholders Reject Hostile Pala Bid

Rockwell Diamonds Inc. announced that its Board of Directors, based on the recommendation of its Special Committee of independent directors, unanimously recommends that Rockwell shareholders reject the unsolicited offer by Pala Investments Holdings Limited (“Pala”) to acquire all of the outstanding shares of Rockwell for $0.36 per share. After careful consideration, including consultation with [...]

Chavez Boosts Heating Oil Program for U.S. Poor; Goes After Bush Again

Venezuelan President Hugo Chavez visited a Harlem church Thursday and promised to double the amount of discounted heating oil his country ships to needy Americans. But he also took another swipe at President Bush.
A day after he called Bush “the devil” in a speech to the U.N. General Assembly, Chavez said of the president: [...]

Medco Energi US Acquires Additional Acreage in the Gulf of Mexico

Medco Energi US LLC (MEUS) announced that it has recently closed the purchase of an additional lease in the Gulf of Mexico from Centaurus Gulf of Mexico, LLC.
The new lease covers all of Brazos Area Block 437, located in 60′ of water in the Gulf of Mexico. The lease covers 5,760 acres of U.S. federal [...]

Precision Petroleum Corporation-Acquires Overriding Royalty Interest in Two Adjoining Fields, Nowata County, Oklahoma

Precision Petroleum Corporation an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America continues to extend its oil production expansion program.
Richard Porterfield, President, advises that the Company has recently acquired Overriding Royalty Interests in two adjacent leases, East and West Moreland located in Nowata County, [...]

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Fluor lands coal plant contract

Fluor Corp. has received a contract to build a new coal plant for TXU Corp.
Irving-based Fluor (NYSE: FLR – News) said it would begin work on phase one of the project immediately and will book this initial portion of the project in the second-quarter of 2006.
The engineering services firm said it would provide engineering, procurement [...]

Mph Ventures Acquires Yukon Property Adjacent to Underworld’s White Gold Project

MPH Ventures Corp. announce it has entered into an agreement to acquire a 100 % interest in the Quartz Claims property. This property consists of 22 unit blocks located in the Yukon Territories adjacent and to the north-east of Underworld Resources Inc’s White Gold property. The total land package is approximately 950 hectares. Underworld has [...]

January-July, Russian Railways upped deliveries to China by 20.6% to 5.5 mln tons of crude oil.

Russian Railways OJSC transported above 131 mln tons of oil products in January-July 2006, the Company reports.
In July, there were loaded 19 mln tons of oil products, which is 7% more than for July 2005.
Export transportations of oil and oil products from Russia to China totaled 5.5 mln tons, an increase of 20.6% y-o-y. It [...]