Mining, Oil & Gas News & Blog

Entries for January 2013

31
Gold Reach Announces a 141% Increase in Indicated and 91% Increase in Inferred Resources at Seel and West Seel deposit
Gold Reach  is pleased to announce an updated resource estimate for the Seel and West Seel deposit and awaits an updated resource for the Ox deposit on the company's 100% owned Ootsa property, British Columbia. The new Resource at Seel Contains 2.81 Billion lbs of Cu Eq Inferred Plus 0.58 Billion lbs of Cu Eq Indicated.

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26
Pershing Gold Increases Mineralized Material at Relief Canyon by a Factor of Five and Announces an In-Pit Gold Resource Estimate
Pershing Gold Corporation has announce that it has completed an in-house calculation of mineralized material in the Company's model for the Relief Canyon Mine in Pershing County, Nevada USA.

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26
First Majestic announced that the Del Toro Silver Mine, located in the state of Zacatecas, Mexico, has achieved initial silver production
First Majestic Silver Production Commences At The Del Toro Silver Mine - The Del Toro Silver Mine was inaugurated in a special ceremony on January 23, 2013 which declared the new plant as officially open. 

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24
Anglesey Mining Plc - LIM confirms C$25.2 Million underwritten equity financing
LIM confirms C$25.2 Million underwritten equity financing - Supplementary private placing for Anglesey, subject to financing and other conditions. Anglesey is also carrying out development and exploration work at its 100% owned Parys Mountain zinc-copper-lead deposit.

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22
Canasil Resources Inc Closes $1,061 Non-Brokered Private Placement
Canasil Resources Inc. announces closing of the previously announced non-brokered private placement for gross proceeds of $1,060 as detailed below. A commission or finder’s fee will be paid with respect to part of this placement, which is subject to final approval by the TSX Venture Exchange.

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20
Trevali Mining Announces NI 43-101 Resource Estimate for Its Caribou Deposit in New Brunswick, Canada
Trevali Mining Corporation -  is pleased to announce the results of an independent mineral resource estimate for its polymetallic Caribou Deposit in the Bathurst Mining Camp of New Brunswick, Canada. A National Instrument 43-101 (NI 43-101) compliant technical report will be filed on SEDAR within 45 days of this press release.

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19
Guyana Goldfields reports key findings from its NI 43-101 Technical Report
Guyana Goldfields Announces Updated Feasibility Study with $800 Million NPV and 38% IRR (After-Tax). The "Company") is pleased to report the key findings from its NI 43-101 Technical Report, Updated Feasibility Study ("FS") for the 100% owned and fully permitted Aurora Gold Property (the "Project")

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17
Copper prices to soar in 2013 and Goldman Sachs Prefers Copper, Palladium, Metallurgical Coal
Goldman Sachs preferred mining commodities this year are copper, palladium and metallurgical coal and the world’s number 1 copper producer Chile said copper prices will fall in the $3.60-$3.80 a pound range this year, beating the 2012 average of $3.61 per pound.

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16
Apex Minerals considers change of ownership after strategic review of its assets and business
Australia-based gold mining company Apex Minerals has initiated a strategic review of its assets and business, with plans to undertake a major restructuring process that could lead to a change of ownership. The review will encompass an ongoing review of operations and costs, recommencement of exploration and consider corporate strategies.

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15
Norway Makes 51 New production licences in 2012 APA
The 51 production licences are distributed among the North Sea , the Norwegian Sea and the Barents Sea. In total, 47 companies applied for production licences in APA 2012. Forty different companies will be offered shares in one or more production licences. Twenty-three of these companies will be offered operatorships.

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15
Tungsten focused Blackheath exploration and development Announces $1m Private Placement To Strategic Group Of Investors
Blackheath Announces $1,050,000 Private Placement to Strategic Group of Investors. This is to expend the proceeds raised from the Private Placement on exploration of the Covas, Borralha and Bejanca tungsten projects in northern Portugal.

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15
First Quantum Invests in Zambia Nickel Mine by as much as $275m
Canadian mining firm First Quantum Minerals plans to invest $275-million in a new nickel mine in Zambia, a company official said on Saturday. The Enterprise nickel project is the second of three mines planned.

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10
Tanami Gold is reporting 60% rise in gold at Australian Groundrush deposit
Tanami provides revised estimates for Groundrush deposit.  Australian gold producer has reported an increase in its mineral resource estimates at the at the Central Tanami Project in North Australia.

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09
Casablanca Mining Reports great results for Los Pinos Gold Mine
Casablanca Mining Reports Sample Assays up to 239 g/t Gold at Los Pinos Gold Mine - this is the result of the sample mineral testing provided from its subsidiary, Santa Teresa Minerals, SA, on its Los Pinos mine.  

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04
2013 predictions: the long-term changes that will that may effect mining and Energy
Here is my pick of some of the various magazine and newspaper releases of their Top 10 Forecasts for 2013 and Beyond - I have obviously ignored the ones I find it rather difficult to agree with. Let me know what yours is?

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01
End of the year events in Caspian Countries around Oil and Gas Industry
Azerbaijan: the third-largest oil producer in the former Soviet Union, cut production in 2012 as output from the country’s largest oilfield, led by BP Plc, decline whilst Petkim petrochemical complex has reached an agreement on gas purchase with SOCAR Gaz Ticareti AS and more ...

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01
SHARES in Sundance Resources up amid expectations that its long-awaited takeover by a significant shareholder
Sundance shares closed higher at 37¢ on Monday after the company said that the ministerial council for the Republic of Congo had approved its application to develop its Nabeba iron ore deposit. The approval was a key hurdle in Hanlong Group's $1.3 billion offer for Sundance. The approval was a key hurdle in Hanlong Group's $1.3 billion offer for Sundance.

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