Mining Business News

RSS

Study: Almost $30 Billion In Revenues Lost To Taxpayers By "Giveaway" Of Federally Owned Coal In Powder River Basin

Taxpayers missed out on an estimated $28.9 billion in revenues over 30 years due to the failure of the federal Bureau of Land Management (BLM) to get fair market value for U.S.-owned coal mined in the Powder River Basin,...

26 Jun 2012

Rio Tinto Makes First Coal Shipment From Mozambique

Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes left the Port of Beira today, bound for an Indian steel mill.

26 Jun 2012

Polyone To Expand In South Africa

PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, today announced plans to open a new facility in South Africa.

26 Jun 2012

PA DEP Secretary Krancer Starts Dialogue With Natural Resources Defense Council To Correct Recent Report

In advance of a panel discussion on hydraulic fracturing regulations, Pennsylvania Department of Environmental Protection Secretary Mike Krancer today outlined in a letter to the Natural Resources Defense Council (NRDC) some perspectives that the organization missed in its May 2012 report, "In Fracking's Wake: New Rules are Needed to Protect Our Health and Environment from Contaminated Wastewater."

26 Jun 2012

Guyana Goldfields Reports Revised Aurora Resource Statement; 27% Increase In Open Pit Gold Ounces In The Measured & Indicated Category

Guyana Goldfields Inc. is pleased to report an updated mineral resource statement for its 100%-owned Aurora Gold Project in Guyana, South America. This new estimate includes all drilling data obtained up to the end of April 30, 2012. The estimate was prepared by SRK Consulting (Canada), Inc. ("SRK") of Toronto, Canada in accordance with National Instrument 43-101 ("NI 43-101") and provides an update to the previous estimate released on September 9, 2011. The Bankable Feasibility Study is scheduled for completion at the end of the calendar fourth quarter of this year and will be based on the measured and indicated categories of this revised resource estimate.

26 Jun 2012

Fieldpoint Petroleum To Begin Drilling Second Well In Lea County, New Mexico - 200 Barrels Of Oil Per Day Hedged At $95 Thru December 31, 2012

FieldPoint Petroleum Corporation announced today that drilling is expected to begin on the East Lusk 15 Federal #2 well in Lea County, New Mexico in July. The Company has an operating agreement with Cimarex Energy Co,www.cimarex.com, to drill this well that targets the Bone Spring formation. The total cost for this well is expected to be approximately $7,000,000, with net cost to FieldPoint of approximately $3,100,000.

26 Jun 2012

Ex-Im Approves $1.2 Billion In Export Financing To Pemex, Supporting 8,500 Jobs In Texas, California, Louisiana And Elsewhere

The Export-Import Bank of the United States (Ex-Im Bank) has authorized $1.2 billion in export financing in four separate transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico's national oil and gas company. The amount includes a $200 million small-business facility, which will support exports from U.S. small businesses.

26 Jun 2012

Does $3 Oil Drop Prompt Need For Diversification?

Oil prices fell nearly $3 last Thursday, taking it down to an eight-month low and breaking past the $80 comfort zone. The fall came amid an unexpected rise in crude stockpiles and supplies in America, and hit home in several U.S. oil towns.

26 Jun 2012

Daulton Capital Announces $105 Million Forward Gold Sales Contract

Daulton Capital Corp. a gold and precious metals exploration company, is pleased to announce that it has entered into a $105 million forward Gold sales contract with Salam International Limited. Salam International Ltd is a Dubai gold trading company which procures gold and sells to large Gold refineries in Dubai & Abu Dhabi, United Arab Emirates.

26 Jun 2012

Bluestar Energy To Change Name To AEP Energy

BlueStar Energy Solutions (BlueStar), a subsidiary of American Electric Power, will begin operating as AEP Energy June 29. AEP acquired BlueStar March 7.

26 Jun 2012