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Random News from Mining Top News

Natural Resource Partners L.P. Acquires Coal Reserves and Infrastructure From Cline Group in Illinois Basin

Natural Resource Partners L.P. announced that it had acquired coal reserves and infrastructure assets related to the Shay No. 1 mine in Illinois from Macoupin Energy, LLC, an affiliate of the Cline Group, for $143.7 million. Upon closing, NRP paid $83.7 million and will make three subsequent payments of $20 million each in 2009 based [...]

Tag: cline coal, cline group mining, macoupin natural resource partners, the cline group coal 2009, natural resource partners mccoupin

JAG Media Holdings, Inc. Announces Letter of Intent for the Merger of BlueCreek Energy, Inc.

JAG Media Holdings, Inc. announced that it has entered into a non-binding letter of intent with BlueCreek Energy, Inc. and several other parties, pursuant to which BlueCreek will merge with a wholly-owned subsidiary of JAG Media. In consideration of the merger, the shareholders of BlueCreek would receive at the closing a number of shares of [...]

Tag: jag media blue creek, jag media blue creek merger, 8k loi announcement, non binding letter of intent merger

Endiama Launches Diamond Tourist Tour

Angola’s State-run diamond producing company (Endiama-Ep) will launch a tourist excursion programme into the exploration areas throughout the national territory next year, seeking to publicise the development of the industry in the country.
The information was released Thursday in Luanda by the director of Endiama’s planning and investment department, Alberto de Oliveira dos Reis Fancony.
The official [...]

City Capital Expands Into Oil and Gas Production Through Acquisition of Montreal Beneficial, Now Goshen Energy Resources, Inc.

City Capital Corporation announced the acquisition of Montreal Beneficial, Inc., a Dallas-based group with over 100 years experience in oil and gas operations. A Nevada corporation in the name of Goshen Energy Resources, Inc., “Goshen,” was created for this transaction. City Capital owns 600,000 shares and Montreal Beneficial owns 400,000 shares of Goshen. Goshen will [...]

Tag: terry wilson montreal beneficial

Stone Energy to Purchase Bois d’Arc in $1.8B Deal

Oil and natural gas producer Stone Energy Corp. plans to buy Bois d’Arc Energy in a cash and stock deal valued at about $1.8 billion, including debt.
Bois d’Arc stockholders will get $13.65 in cash and 0.165 shares of Stone stock for each share of Bois d’Arc they own. The offer price values the company at [...]

Success comes from iron will

CLIVE Palmer is a different kind of businessman. If you were told he was from the Gold Coast you wouldn’t be surprised.
Then there’s that property developer/National Party background and a truckload of cash from China in his bank account thanks to the recent sale of an iron ore project in the Pilbara to CITIC.
You [...]

India: Mineral production grows by 3.3 per cent in May

Mineral production from mining and quarrying sector in May grew 3.3 per cent at Rs 6,503 crore as compared to that in the preceding month.
The production figures did not include atomic and minor minerals.
Production in May was higher by three per cent over the same month of the last year, an official release said.
The mineral [...]

Minera Andes announces production recommences at San Jose Mine

Minera Andes Inc. a gold, silver and copper exploration company working in Argentina announce today that it has been advised by Minera Santa Cruz (“MSC”) that after three days of stoppage the San Jose Mine in Argentina is back in production. The San Jose Mine is operated by Hochschild, and Minera Andes has a 49% [...]

U.S. Senate rejects offshore drilling bill

The U.S. Senate Tuesday rejected an attempt to expand offshore oil and gas drilling to allow the states to generate revenue.
The Republican-backed proposal would have allowed states to drill off their coasts and share revenues with the federal government, the (Newport News, Va.) Daily Press reported.
The amendment would have amended a federal ban prohibiting offshore [...]

Rio Tinto to invest additional US$300 million to advance the Kitimat Modernisation Project

Rio Tinto is to invest an additional US$300 million in the modernisation of the Kitimat aluminium smelter in British Columbia, Canada, bringing the current project funding total to over US$500 million.
“The Kitimat Modernisation Project leverages two of our greatest competitive advantages – clean, self-generated hydropower and internationally renowned AP smelting technology. This investment continues construction [...]

Tag: rio tinto and mountian top mining