Mining, Oil & Gas News & Blog

Entries for September 2014

29
Kalimantan Gold soars as copper maiden resource exceeds expectations
Shares in Kalimantan Gold roared ahead by 500% in morning trade after it posted a maiden resource for the flagship Beruang Kanan prospect in Indonesia.

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Posted in: Mining
29
London Mining enters negotiations for funding
London Mining's efforts to secure a substantial investment have progressed as the Sierra Leone-focused iron-ore explorer enters "detailed negotiations".

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Posted in: Mining
24
True North Gems secures $11 million finance package for the Aappaluttoq Ruby Project
True North Gems Inc. announced that it has signed an agreement with Leonhard Nilsen & Sonner A/S ("LNS Group") and LNS Greenland A/S

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Posted in: Mining
24
Aminex ready to benefit from its own gas sales deal
A gas sales deal between a consortium including Wentworth Resources and the Tanzanian authorities is an excellent precedent forAminex according to Shore Capital.

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Posted in: Oil and Gas
23
Siemens acquires US oil and gas firm for $7.6bn
Siemens is buying US firm Dresser-Rand in a $7.6bn (£4.6bn) deal which will help the German conglomerate boost its oil and gas business in North America

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Posted in: Oil and Gas
20
Mariana Resources heads to Turkey, increases asset base in Chile with 'transformational' acquisition
Mriana Resources’ acquisition of Toronto-listed Aegean Metals Group makes “compelling sense” for the AIM-listed explorer

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Posted in: Mining
19
Minera IRL boost as Courihuarmi extends while Ollachea talks progress
Minera IRL has raised next year's production target for its Corihuarmi gold mine in Peru for after recent success with the drillbit.

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Posted in: Mining
16
The Global Top Oil And Gas Companies
Oil and Natural gas companies keep the world running whilst search for greener energy continues. The following 2012/13 ranking of the world's biggest is based on the combined volumes of oil and natural gas that these companies produce each day and some guess work when it comes to some National Oil Companies around the globe.

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Posted in: Oil and Gas
16
Hurricane Energy early production is possible with one more Lancaster well West of Shetland
Hurricane Energy advanced on Monday, rising over 12% at one point, after expectation-beating analysis of the Lancaster project, a fractured basement oil play in the West of Shetland region of the UK North Sea.

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Posted in: Oil and Gas
15
Tomco sees important permitting milestone for shale oil project
With the submission of documents to the state regulator, Tomco sees important permitting milestone for shale oil project

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Posted in: Oil and Gas
15
Ferrex manganese project in Togo starting to stack up
Ferrex Plc the AIM listed exploration and Development company is making good progress bringing its Nayega manganese project in Togo into early production.

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Posted in: Mining
15
Amur Minerals edging closer to getting mining licence
Amur Mineral getting closer in getting a mining licence at its Kun-Manie project in the Russian Far East.

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Posted in: Mining
13
Gold slides to 7-1/2-month low, awaits policy cues from Fed has now lost all the 2014 gains
Gold maintained losses on Wednesday, giving up gains from the previous session after bullion was boosted by speculation over a limited attack on Syria by the US.

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Posted in: Mining
13
SacOil acquires Egyptian Lagia onshore oil field
SacOil announced the acquisition of the Lagia onshore oil field, on Egypt’s Sinai peninsula with just over 6mln barrels of proved and probable oil reserves

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Posted in: Oil and Gas
11
Range Resources - Cantor pleased with 'key milestones' towards <br/>loan recovery
City broker Cantor Fitzgerald said in a report at Proactive Investors that key milestones have been reached in the recovery of Range Resources (LON:RRL) loan to International Petroleum.

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Posted in: Oil and Gas
11
Base metals rise with Nickel and Zinc to Lead Gains
Last week saw nickel take another stab at $20,000 a tonne after the Philippines – the only other source in the region of high-grade laterite ore required by China and responsible for 9% of global mine supply – hinted that it may follow Indonesia's playbook.

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Posted in: Mining
11
Roxi Petroleum prepares to test A5 and confirms spud date for second deep well
Roxi Petroleum has provided another update on its closely watched deep well A5 on its BNG contract area in the west of Kazakhstan.

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Posted in: Oil and Gas
09
Rose Petroleum returns to mining roots
Rose Petroleum’s Minerales VANE subsidiary has entered into a joint venture focused on gold and silver assets in Mexico.

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Posted in: Oil and Gas
08
Russia's EuroChem Wins $750M Loan For Potash Development
Moscow, September 3, 2014 – EuroChem, a top ten global fertilizer company, is pleased to announce that it has signed a loan facility with a syndicate of banks for the project financing of its Usolskiy potash project.

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Posted in: Mining
08
Board Change at Eland Oil & Gas the oil and gas exploration, development and in Nigeria and West Africa
Eland Oil & Gas has announced the promotion of chief financial officer George Maxwell to the role of chief executive.

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Posted in: Oil and Gas
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