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Random News from Mining Top News

SRK Consulting completes preliminary reconnaissance of portions of Atomic’s Mbinga project area in Tanzania

Atomic Minerals Ltd. announce the completion of a preliminary reconnaissance of portions of PLR 4335, located in the Mbinga District of south-western Tanzania, which was undertaken by SRK Consulting – East Africa.
Previous Exploration
A country-wide radiometric survey flown in the mid-1970’s identified the occurrence of several radioactive anomalies in the Mbinga area. In addition, the reconnaissance [...]

Tag: thorium mine equipment

Radisson Mining Confirms Issuance of Shares for Debt

Radisson Mining Resources Inc., announces the issuance of 238,806 Class A Shares at $0.335 per share in settlement of debt obligations owed to Dale M. Hendrick of $80,000 following the receipt of a final letter of approval by the TSX Venture Exchange (the “TSXV”). These obligations were incurred under a technical consulting arrangement with Mr. [...]

Successful Oil Field Startup With Target of 1,000 Barrels of Oil per Day

Lexaria Corp. announce that Belmont Lake oil field in Mississippi is expected to be back into production next week. For the first time our wells will be producing with the aid of artificial lift (pumping).
We now have our first good early indications of the potential for this oil field. It is the Company’s goal that [...]

Tag: oil field in mississippi, oil fields in mississippi, belmont oilfield, barrels of paraffin

No Energy Security without Climate Security

By Jennifer Morgan, WWF International
With oil and gas prices at record highs and fears mounting over future supplies, global energy security will take centre stage at this year’s meeting of the Group of Eight (G8) industrialized nations.
As heads of states meet in Russia ”” one of the world’s largest energy exporters and a country benefiting [...]

Raven-Horseshoe Deposits

Raven-Horseshoe hosts a total historical resource estimate of 6.7 million tonnes at an average grade of 0.16% U3O8, representing approximately 23 million contained pounds of U3O8. (Note: this is a historical resource estimate completed by Gulf Minerals (“Gulf”) that was not estimated using current Canadian Institute of Mining, Metallurgy and Petroleum categories, and for which [...]

Coal mine owner in China arrested for concealing disaster

The owner of an illegal coal mine in northern China has been arrested for allegedly trying to cover up an accident that left at least 19 workers dead, state press reported Thursday.
Rescuers had found 19 bodies following a gas blast at the colliery in Shanxi province, China’s coal mining heartland, Xinhua news agency said, citing [...]

U Mining Resources Inc. Announces Partnership With a Strong Guinean Mining Company

U Mining Resources Inc. informs its shareholders that the board of directors has been in constant negotiation and discussion regarding a takeover of UMNG by an established Guinean mining Company. This Company has exhibited serious interest regarding the proposal for a reverse merger with UMNG. The company with which the negotiations are taking place is [...]

Palladon Ventures Enters Into Letter Agreement With Luxor Capital Partners, LP

Palladon Ventures Ltd. announce that effective immediately the Company and Luxor Capital Partners, LP (“Luxor”) have entered into a letter agreement (the “Letter Agreement”), subject to TSX Venture Exchange approval, to the extension agreement dated June 26, 2009 and to the standstill agreement dated October 15, 2009.
The Letter Agreement grants Palladon an irrevocable option (the [...]

Tag: luxor capital iron ore mine, luxor capital group, luxor capital group lp inc, luxor capital group lp, luxor capital 2010

China’s CNPC, South Korea’s Daewoo Intl tie up for Myanmar oil/gas exploration

China National Petroleum Corp (CNPC), the parent of PetroChina, said it has signed a memorandum of understanding with South Korea’s Daewoo International for joint oil and gas exploration in Myanmar.
The deal was signed during the state visit to China by South Korean President Lee Myung-Bak.
The company did not provide further details.
CNPC, the country’s top oil [...]

Tag: cnpc korea

AMR Outlines Export Tariff Increase Impact on Ban Phuc Nickel Project

Asian Mineral Resources Limited announced the steps it plans to take to deal with the impact on its Ban Phuc nickel project of the recently announced increase to 20% in the Vietnamese export tariff on nickel concentrates.
AMR has initiated discussions with the appropriate Vietnamese governmental authorities and has begun enlisting the support of other interested [...]