News archive for April, 2007

Beach Petroleum in record quarter

April 26th, 2007
Beach Petroleum in record quarter

Beach Petroleum Ltd has posted record quarterly oil and gas production, boosted by its takeover of Delhi Petroleum.
In its second quarter, Beach produced 2.31 million barrels of oil equivalent (mmboe) and revenue of $130.9 million, outstripping production of 2.28 mmboe and $94 million of revenue in the December quarter.
Last September Beach snapped up Delhi for [...]

Sri Lanka seeks US petroleum investors

April 26th, 2007
Sri Lanka seeks US petroleum investors

Sri Lanka’s Minister for Petroleum and Petroleum Resources Development, A. H. M Fowzie, will lead delegation on May 1 to a key meeting in Texas of investors in oil exploration organized by the US embassy in Colombo, reports said. Minister Fowzie and the US ambassador to Sri Lankan Robert O’ Blake are expected to [...]

Star Uranium Corp.: Summer Exploration About to Start

April 26th, 2007
Star Uranium Corp.: Summer Exploration About to Start

Star Uranium Corp. Mr. Rick Walker reports that a $750,000 exploration program on the Company’s Alexander Lake and Pardoe Lake uranium properties will commence in May. The properties are in the vicinity of JNR Resources Inc.’s Way Lake project where JNR reported bedrock surface samples grading up to 48% U3O8. Initially, the program will consist [...]

Explore depleted uranium dangers

April 26th, 2007
Explore depleted uranium dangers

Mr. Gosney in his Feb. 5 letter to the editor, brought up several points in attempting to debunk the dangers of depleted uranium.
One of them was Judith Hick’s reason for pulling out of Iraq because of the use of DU.
I don’t imagine the U.S. military is going to release information to the public about the [...]

Rudd to win uranium vote

April 26th, 2007
Rudd to win uranium vote

Mr Rudd wants to overturn a historic ban on the opening of new mines but there is fierce opposition from many delegates, especially those on the Left.
However, key anti-nuclear figures in the party yesterday admitted it would be devastating if Mr Rudd were defeated.
“It’s too close to the next election to be cannibalising ourselves,” a [...]

Panel subpoenas Rice over Niger uranium claim

April 26th, 2007
Panel subpoenas Rice over Niger uranium claim

A House committee Wednesday subpoenaed Secretary of State Condoleezza Rice to find out what she knew about the 2003 claim that Iraq sought uranium from the African country of Niger.
The uranium claim, which President Bush made in his 2003 State of the Union address, was a key element in the administration’s case for the invasion [...]

Aveva Buys Stake of More Than 10 Percent in Australian Uranium Miner Summit Resources

April 26th, 2007
Aveva Buys Stake of More Than 10 Percent in Australian Uranium Miner Summit Resources

Areva SA, a French maker of nuclear power stations, bought a stake of more than 10 percent in Australian uranium miner Summit Resources for an undisclosed sum.
“Areva has stated it has no current intention of making a full takeover offer for Summit,” the Australian company said in a statement.
Perth-based Summit, which has been the subject [...]

Berong sets P1.2B nickel project

April 23rd, 2007
Berong sets P1.2B nickel project

Berong Nickel Corp., a unit of publicly-listed Atlas Consolidated Mining and Development Corp. is investing P1.2 billion to produce nickel in its Quezon, Palawan site.
Operations would start next month with total capacity of 1.47 million metric tons per year.
The project is a joint venture among Atlas, UK-based Toledo Mining Corp. plc (TMC) and Investika Ltd. [...]

MBMI Subsidiaries Issued Nickel Mine Development Permits

April 23rd, 2007
MBMI Subsidiaries Issued Nickel Mine Development Permits

MBMI RESOURCES INC. is pleased to advise that, the Company’s Philippine subsidiary has been granted all requisite mining, and environmental permits to commence development and mining on the Alpha nickel property in Narra, Palawan, Philippines. The granting of these permits marks a milestone in an extensive process and enables the Company’s subsidiary to commence [...]

Andean American Mining Engages CHF Investor Relations

April 23rd, 2007
Andean American Mining Engages CHF Investor Relations

Andean American Mining Corp. announced that it has retained the services of CHF Investor Relations (Cavalcanti Hume Funfer Inc.) of Toronto and Calgary, Canada’s longest established and one of its most respected IR firms.
John Huguet, Chairman and CEO, commented: “We are committed to proactively increasing and improving investor awareness of Andean American, in particular its [...]