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Random News from Mining Top News

Mengold Closes $500,000 Private Placement With MineralFields

Mengold Resources Inc. has closed a private placement through the sale of 2,000,000 units at a price of $0.25 per Unit, for gross proceeds of $500,000.
Each Unit consists of one flow-through common share and one transferable share warrant (each share purchase warrant a “Warrant” and collectively, the “Warrants”). Each Warrant entitles its holder thereof to [...]

Falcon Oil & Gas Ltd. Receives Approval of Closing Report for Mining Plot and Provides Operations Update in Hungary

Falcon Oil&Gas Ltd. announced that it has received written approval from the Hungarian Mining Authority based on the Geological Closing Report covering the estimated resource underlying Falcon’s two exploration licenses. The Mining Bureau approval is based on the Hungarian Geological Survey recommendation.
Approval of Closing Report
On December 21, 2006, Falcon received written acceptance and approval of [...]

Industry Leaders Help Advance Math and Science Education

An education initiative aimed at inspiring students to choose careers in math and science will soon award a third round of grants to K-12 classrooms at several local schools.
The Education Collaborative, an outreach program of the Society of Petroleum Engineers of Santa Maria, awards the grants on behalf of the Oil & Gas Industry. In [...]

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TAP Roadshow At Brunei Shell Petroleum

Around 300 people consisting of officers and staff of the Brunei Shell Petroleum (BSP) attended a Financial Planning roadshow organised by Tabung Amanah Pekerja (TAP) at the multipurpose hall of Shell Recreation Club yesterday.
The roadshow was the first to be conducted for private sector workers, and was launched by Awang Yusof bin Hj Abdul Rahman, [...]

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Queensland Minerals Ltd. Completes Non-Brokered Private Placement Raising $1,903,500

Queensland Minerals Ltd. announces that it has closed its non-brokered private placement previously announced on August 28, 2008. The Company issued 9,517,500 units at a price of $0.20 per unit, with each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase [...]

USCorp Chooses Harris Drilling Company Picacho Salton Gold Property Phase 1, 2 and 3 Drilling Project

USCorp announced that it has chosen Harris Drilling Company to conduct Phases 1, 2 and 3 of the planned 15,000 foot drilling program at its Picacho Salton project in Imperial County, California, U.S.A.
Harris was founded in 1956 and provides drilling and related services to the mineral exploration industry in the Western U.S. and internationally.
Harris has [...]

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IGC Resources Announces Drilling Start on Uaroo Uranium Project, Western Australia

IGC Resources Inc. announced that drilling has commenced on the Company’s Uaroo Uranium project, Western Australia. The project covers 400 square kilometres of granted tenements which are 100% owned by IGC. The tenements cover late stage granites beneath sandstone and conglomerate, which are capable of hosting uranium, copper and gold, and of providing adequate source [...]

Sri Lanka sets deadline for Indian Oil to resume sales or face takeover

Sri Lanka has set a 30-day deadline for the local unit of Indian Oil to resume gasoline sales or risk being taken over by the government.
The Lanka-Indian Oil Company, LIOC, which controls a third of Sri Lanka’s retail petroleum business stopped importing gasoline following a dispute with the Sri Lankan government over 71 million dollars.
The [...]

GeoMet Announces Commencement of Gas Deliveries from British Columbia Coalbed Methane Project

GeoMet Inc., announced that on December 31, 2008 it commenced gas deliveries from eight wells at the Peace River coalbed methane project located near Hudson’s Hope, British Columbia. Peace River is the first commercial coalbed methane project in British Columbia.
GeoMet owns a 50% working interest and operates the project which covers over 50,000 acres of [...]

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 [...]