Aspen Group Resources Corporation announced that it holds a working interest in 6 gas wells in Oklahoma that have been drilled by Conoco-Phillips. It was recently discovered that Aspen had retained a small interest in the leases from a previous sale, and upon further investigation Aspen received confirmation of its interest. These 6 gas wells [...]
GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol’s new power plant in Secunda, which could help ease South Africa’s energy crisis.
South Africa, which has Africa’s largest economy, is in the [...]
Kinross Gold Corporation announced that it has entered into separate agreements with Teck Cominco Limited and certain subsidiaries of Anglo American plc pursuant to which Kinross will acquire a 100% interest in Minera Santa Rosa SCM for an aggregate purchase price of approximately US$250 million, plus a royalty. Minera owns 100% of the Lobo-Marte [...]
Arehada Mining Limited announced that it has initiated a temporary shut down of its operations at its mine and zinc plant.
Arehada China has made dramatic reductions in its operational costs and other expenditure over the last several months. However, current zinc and lead prices have made the mine and zinc plant unprofitable. Accordingly, the operations [...]
Xstrata Copper Canada is pleased to announce it has reached a tentative agreement with the Union Executives of CAW-Local 599 for the renewal of the collective agreement at the Kidd Metallurgical site.
Kidd Metallurgical employees are expected to vote on the agreement on November 6, 2008. The collective agreement expired on September 30, 2008 at midnight [...]
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced plans to build a small pipeline to lower production costs.
President Mark Daniel Klok stated: “In light of the extraordinarily high fuel costs, management has been evaluating ways to effectively increase profitability with mining and production expected to begin on the Fifa Land [...]
ShengdaTech Inc. a leading manufacturer of nano precipitated calcium carbonate and a manufacturer of coal-based chemical products in Shandong Province, PRC, today announced the Company will require additional time to close the acquisition of Jinan Fertilizer Co., Ltd., (”Jinan Fertilizer”) and that the chemical facility in Tai’an City was closed as scheduled on October 31, [...]
Storm Cat Energy Corporation reported that it failed to make its required quarterly interest payment when due on September 30, 2008, and such failure has continued for a period of 30 days, with respect to its Series A and Series B Subordinated Convertible Notes each due March 31, 2012. The failure of Storm Cat to [...]
KaMin LLC announced today that it will be restructuring its kaolin facilities in Georgia over the next several months. The net impact will be a reduction of its hydrous production capacity and elimination of select paper grades at its Sandersville operation. The restructuring will include a reduction in the KaMin workforce.
“Significant increases in operating and [...]
Lighthouse Petroleum, Inc., formerly Well Renewal, Inc., announce that effective October 15, 2008 the Company has undergone a strategic reorganization which has recently included a 1000:1 reverse split. Additionally, the company has changed their name to Lighthouse Petroleum, Inc. in order to better reflect the strategic vision that new management intends to execute upon. This [...]
