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Random News from Mining Top News

Sonterra Resources, Inc. Announces Testing of Wells

Sonterra Resources Inc. is the operator of record and a co-owner of 5,500 gross acres in Texas State Waters in Matagorda Bay lying offshore of Calhoun and Matagorda Counties. Sonterra has previously announced that, effective June 23, 2008, it entered into a contract operating agreement with STO Operating Company, the operating subsidiary of South Texas [...]

Bayswater Acquires Additional Mineral Claims at Its Mountain West Project in Nevada

Bayswater Uranium Corporation announce that is has entered into a purchase agreement dated August 28, 2008 with a private Nevada corporation for the acquisition of a 100% interest in certain unpatented minerals claims located adjacent to its Mountain West project claims in Elko County, Nevada. Pursuant to the purchase agreement, Bayswater shall issue to the [...]

Alcoa Inc. and Aluminum Corporation of China to Explore Strategic Ventures

Chinalco and Alcoa jointly announced today that the two companies intend to explore opportunities to expand their commercial relationship by identifying strategic ventures that will benefit from the companies’ complementary strengths in bauxite, alumina, aluminum and fabricated products.
“Alcoa is a respected leader in our industry and a valuable friend. We intend to grow our friendship [...]

PetroChina oil tank in East Java explodes

An oil tank at Lengowangi I well at PetroChina`s oil and gas drilling site in Gresik district exploded Wednesday morning breaking the glass windows of some houses situated hundreds of meters from the location of the accident, eyewitnesses said.
The eyewitnesses who resided at the Gresik Kota Baru housing complex said the big explosion which occurred [...]

Gale Force Petroleum completes sale of Manitoban Properties for aggregate $1.75 million by selling Woodnorth and Maples Properties

Gale Force Petroleum Inc. announced that it has sold both its Manitoba Properties, for total proceeds to the Corporation of $1.75 million from the sale of these properties.
The Corporation sold its Woodnorth Property near Virden, Manitoba to Kripa Energy Inc., a private, arms-length Canadian corporation for $1.2 million cash consideration in addition to $300,000 already [...]

Tag: bakken oil kripa energy

Canadian Stocks May Retreat as the Price of Crude Oil Declines

Canadian stocks may fall, as oil and gas producers including Suncor Energy Inc. retreat alongside the price of crude oil.
Declines in the Standard & Poor’s/TSX Composite Index may be limited as financial companies such as Royal Bank of Canada may extend gains amid speculation the U.S. Federal Reserve may be close to ending its interest-rate [...]

Tag: dia holdings overseas b v

Cavico Partners With Petro Vietnam to Form the Sao Mai – Ben Dinh Company to Invest in Petroleum Services

Cavico Corporation announced that on April 24th, 2007 it formed a partnership with Petro Vietnam, Vinalines, Petro Vietnam Insurance Co., Petro Vietnam Financial Co. and Global Petro Joint Stock Bank to invest in the expanding petroleum services and shipping industry within Vietnam.
Sao Mai – Ben Dinh will develop an economic zone consisting of ports, [...]

Tag: forn sao mai, 760 458 4899

TerraX Options Sunbeam-Pettigrew Gold Property, Atikokan Area, Northwest Ontario

TerraX Minerals Inc. has entered into an option to acquire a 100% interest in the Sunbeam-Pettigrew gold property in northwest Ontario. The property consists of 27 claims totalling 350 claim units (~55 km(2)) located 25 km northeast of the town of Atikokan, 180 km west of Thunder Bay and 15 km from Brett Resources’ Hammond [...]

Tag: terra x 30 on gold, atikokan gold miners, atikokan mining, gold mines atikokan, gold mine

Continental Precious Minerals Acquires Additional Mineral Licences in Sweden

Continental Precious Minerals Inc. is pleased to announce that the Inspectorate of Mines in Sweden has issued to Continental an additional 7 mineral exploration licences and that drilling on the Viken licence has commenced.
Acquisition of Additional Licences
The Company’s newly acquired licences are multi-metal sediment licences and are referred to by the Company as MMS (Narke) [...]

Sinopec Says 1st-Half Profit May Surge on Fuel, Chemical Sales

China Petroleum & Chemical Corp., Asia’s biggest oil refiner, said first-half profit may rise more than 50 percent on increased sales of fuels and chemicals.
The forecast from Sinopec, as the Beijing-based company is known, came as it said first-quarter profit more than doubled from a year earlier. Net income climbed to 19.4 billion yuan ($2.5 [...]