Mining, Oil & Gas News & Blog

Entries for December 2012

30
Rio Verde Minerals  signed a deal to be bought by Brazilian mining company B&A Mineracaofor about $48.6 m
Brazilian mining company to buy Rio Verde Minerals for $48.6 million Under the agreement announced Thursday, B&A will pay 40 cents per share in cash for Rio Verde, which is developing fertilizer projects in Brazil.

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29
Norwegian Statoil ASA acquired a 25% stake in drilling license n the Espirito Santo Basin offshore Brazil
Statoil ASA last week that it had acquired a 25% stake in drilling license BM-ES-22A in the Espirito Santo Basin offshore Brazil from Brazilian mining company Vale S.A. In return, Vale said that it would receive $40 million in cash for the sale, and also save expenditure commitments of approximately $80 million through the end of 2013.

[Read More]

29
Santo Mining Corporation announced the Company entered into a $5 million investment agreement with Deer Valley Management
Santo Mining Corporation $5 million investment agreement with Deer Valley Managements a gold exploration company should help continuation of...

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29
Investment oportunity in the Waste to Energy and Recycling Plant in Serbia
Waste to Energy and Recycling Plant in Serbia Is Looking for Investors to participate in the Waste-to-energy facilities that are economically sound investments to provide multiple financial and environmental benefits to the communities that utilize them. 

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29
Haitian government opens up mining permit awards to 2 companies seeking gold and copper
Haiti's government announced Friday that it has awarded the first ever permits for in the country's history to allow two companies to openly mine for gold and copper. Analysts say that this decision will bring a badly needed burst of money to the impoverished Caribbean country of 10 million people where many live on 1 Euro a day.

[Read More]

26
Mining investment is likely to continue the recent growth in 2013
Following the Mining industry and the investment news in the last few months and studying the actual data on major projects released at the end of year is showing no real change in investment pasterns. The Bureau of Resource and Energy Economics released its twice-yearly update on major resource projects on 28 November.

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23
Victoria Oil & Gas provides recent operational update and latest listing of shares
Victoria Oil and Gas  is an independent oil and gas exploration and production company with projects in Africa and the FSU. The Company’s principal assets are 95% of the Logbaba gas and condensate field in Cameroon and 100% of the West Medvezhye oil and gas project in Siberia, Russia.

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22
The Africa focused oil and gas exploration company Chariot Oil & Gas Provides Update for 2012
Chariot Oil & Gas Provides Update for 2012 with its expansion into Mauritania earlier this year, the Company has continued to diversify and balance its portfolio through the acquisition of further licence areas, Casablanca/Safi, Loukos and Rabat Deep, in Morocco. 

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22
Oando PLC Affiliates agreed to buy Nigerian assets from ConocoPhillips for a total of $1.79 b plus customary adjustments
Oando buys Nigerian assets from ConocoPhillips - the transaction involving two offshore properties consisting of 5% operated interest in Chota & 20% nonoperated interest in Uge Field. Key to investment is to attain a large resource base, so to position OER as a leading indigenous independent exploration & production player in Nigeria.

[Read More]

22
Vedanta Group firm Sesa Goa announced acquisition of 49 % stake in Liberia's Western Clusters project for $33.5 m
Sesa Goa has acquired the remaining 49 per cent of the outstanding common shares of Western Cluster Ltd (WSL) from Elenilto Minerals & Mining LLC ...

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17
Ferrex is to complete a definitive feasibility study for the Nayega & short overview on other projects
Ferrex current portfolio comprises three projects including iron ore and manganese projects in South Africa and a manganese project in Togo, all of which offer the potential for significant near-term value uplift.

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16
Caza new funding deal provides room to accelerate Bone Springs "PERMIAN BASIN"
Caza Oil & Gas which was formed in 2006, had only six employees. Today with only 16 employees they raised  US$22mln funding package provides it with the firepower to accelerate its hugely exciting Bone Springs play in New Mexico, according to Cenkos.

[Read More]

16
Norway joins India and China to commence testing of promising new nuclear fuel Thorium
The Norwegian government has joined India and China in their long search for Thorium Nuclear Power Stations, with a plan to conduct trial usage of the nuclear fuel thorium, considered by many to be one of the most promising future energy sources, at its existing nuclear facilities.

[Read More]

15
How Shale Oil and Gas revolution starts to shifts the global energy balance
North America's shale oil and gas boom has shifted the balance in global energy markets, giving the US and Canada new leverage as exporters, despite the Middle East retaining a pivotal role in Europe Ban on drilling is lifted as ministers try to calm fears over pollution and quakes

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14
Caspian Energy is now one signature away from the licence extension
Caspian Energy the Toronto-listed junior explorer, operating in the Northern Block of the Caspian Basin in Kazakhstan. William Ramsay, Chairman & CEO of Caspian Energy tells Proactiveinvestors that the company has now received the formal letter from the Kazakh government and the company is "one signature away" from receiving the exploration licence extension for two-years.

[Read More]

14
Mining CEO's are failing to control expenses and investors are losing patience with management.
Gold-mine investors are losing patience with CEO's & management in the $60 + billion industry as their shares are facing the first slump since 1998, even as the metal completes a dozen years of gains whilst expenses are out of control.

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13
Last night at Proactive Investments meeting in London, we listened with great interest the story of Orko Silver  developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in Durango State, Mexico. 

[Read More]

12
China fully encourages foreign investors to, by way of cooperation, carry out petroleum and natural gas exploration
On the First Energy International Investment Cooperation Forum held in Beijing on December 3, Deputy Director of the National Energy Administration (NEA) Liu Qi said that China fully encourages foreign investors to, by way of cooperation, carry out petroleum and natural gas exploration and development in the country, in addition to shale gas 

[Read More]

09
Siburan Resources Kirwan drilling progamme paid for & there is cash to for early stage resource identification
Noel Ong MD of Siburan Resources talks to Proactive Investor about the Kirwan drilling programme paid for and the remainder of the cash should see the company through to early stage resource identification. Noel says that in terms of the investment opportunity, the market cap is currently twice cash and the investment picture could change when the drill phase starts up.

[Read More]

08
 Gold mining industry to invest up to $20 b in developing the massive gold reserves of Chile
Gold miners eyeing huge investments in Chile  with up to $20 b in developing the massive gold reserves of Chile. The biggest names in the gold mining industry are expected to invest up to $20 billion in developing the massive gold reserves of leading copper producer Chile by 2020.

[Read More]

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