Mining, Oil & Gas News & Blog

Entries for October 2014

31
Victoria Oil & Gas reaches hotly anticipated milestone as pipe crosses Wouri River
Victoria Oil & Gas shares advanced more than 13% on Wednesday as the company reached a hotly anticipated milestone.

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Posted in: Oil and Gas
31
Gulf Keystone's funding makeweight moves into development, but is Akri Bijeel really good news for investors?

Gulf Keystone shares advanced more than 10% at one point on Thursday after its partner MOL announced a two-step field development plan for the Akri Bijeel field had been approved.

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Posted in: Oil and Gas
31
Solo Oil & Gas and UKOG apply for Isle of Wight licence
Neil Ritson reveals Solo Oil 'evaluating an opportunity in North Africa'

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Posted in: Oil and Gas
24
Northern Petroleum’s outstanding oil flows send shares soaring
Northern Petroleum announced that first of three new well drilled at the Keg River project has tested at a rate of 1,300 barrels of oil per day

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Posted in: Oil and Gas
17
Brazil’s iron ore giant MMX seeks bankruptcy protection
An iron-ore mining company controlled by Brazilian tycoon Eike Batista filed for bankruptcy on Wednesday, the third time in a year that a unit of the former billionaire's EBX industrial group has sought protection from creditors.

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Posted in: Mining
16
Lighting a dark continent and spreading power to 600 million Africans without it

Africa's chronic power problems have escalated into a crisis affecting 30 countries. This tolls heavily on economic growth and productivity

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Posted in: Oil and Gas
16
Arian Silver unveils $32mln financing package to take it to full-scale production

Shares in Mexico-focused miner shot up as it unveiled a wide-ranging $32mln financing package, which should see it through to full-scale commercial production at the San Jose project.

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Posted in: Mining
14
Caledonia Mining lowers production forecast as grades dip

Caledonia Mining has trimmed its forecast for gold production and earnings this year after a dip in grades at its Blanket mine in Zimbabwe, but vowed to maintain its dividend.

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Posted in: Mining
14
Title Oil slides as Saudis dig in for price war

Price of Brent crude falls to $87.7 as the Saudis refuse to slash production to address rampant global supply and arrest ramatic slide in prices

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Posted in: Oil and Gas
14
Aminex and Solo deepen relationship in Tanzania with Kiliwani deal

Solo Oil has deepened its presence in Tanzania through an agreement to buy 13% of Aminex’s stake in the Kiliwani North gas development (KNDL) for US$7mln.

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Posted in: Oil and Gas
13
Endeavour Makes Bankruptcy Filing, Creditor Agreement in Hand

A Houston-based oil and gas company, filed for bankruptcy protection late Friday night as part of a debt-for-equity swap with bondholders that will slash about $568 million in debt off the company's books.

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Posted in: Oil and Gas
11
Hundreds of Canadians lifesavings down the drain as 'God's' gold venture fails

About 700 Canadians could lose their lifesavings after a famous televangelist running an African gold mining venture seems to have disappeared off the face of earth.

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Posted in: Mining
10
London Mining
London Mining plummets by more than 90% after funding warning and warns shares could be worthless Brief The weak iron ore price and Ebola outbreak have hit Sierra Leone operating London Mining, as the debt-ridden firm revealed itself as on the brink of collapse, warning investors their holdings could be wiped out.

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Posted in: Mining
08
Lundin Mining Corp to buy 80% stake in Chile copper mine for US$1.8-billion
Lundin Mining Corp. has struck a monster US$1.8-billion deal to buy the Candelaria copper mine in Chile, marking the company's biggest transaction yet and its first foray into South America.

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Posted in: Mining
06
Key findings report by EY on Financing the future energy landscape
Great article illustrating how today’s projects are the largest and most technically challenging ever undertaken.

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Posted in: Oil and Gas
04
Lower Gold prices hurting miners in Africa and combined with Ebola issues makes it a  very bad year for Miners
Gold mining companies operating in Liberia, Sierra Leon, Guinee, Senegal and Mali particularly exposed due to the locations of its mines and Ebola

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Posted in: Mining
03
Rame Energy on track to become cash generative IPP
Tim Adams, the CEO of Rame Energy tells Proactiveinvestors about the company's plans to become an independent power provider. He expects significant growth in the next year.

[Read More]

Posted in: Oil and Gas
01
Talvivaara gets debt cut plan but still lacks financing
Finnish nickel miner Talvivaara lacks the long-term financing it needs to avoid bankruptcy, it said on Tuesday after an administrator proposed an eight-year restructuring plan that includes slashing its debts by up to 99 percent.

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Posted in: Mining
01
Independent Oil and Gas plc – Interim Results 2014
Independent Oil and Gas Plc, the AIM listed UK oil and gas development and production company, announces its interim results for the six month period ended 30 June 2014.

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Posted in: Oil and Gas
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Highlands Natural Resources Core Projects by Salar Golestanian
Independent assessments of the group’s three main assets is revealed
Golden Saint indicates encouraging Rock Forage preliminary estimates by
Rock Forage develop the alluvial exploration targets at the Tongo and Baja licences in Sierra Leone into inferred resources.
Bezant Resources explores the potential of Choco project by Salar Golestanian
Bezant Resources plc is to commission an independent scoping study at the Choco gold-platinum project in Colombia.
SDX Energy boss hails a $30mln Circle Oil asset acquisition by Salar Golestanian
The deal will see SDX increase net production by almost 250% to 4,705 barrels oil equivalent per day
Redeveloping the Monty Zinc deposit by Salar Golestanian
The project is all there ready to go with infrastructure in place

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