L&M Petroleum plans this week to start drilling its first well in the Eastern Bush Prospect in the Waiau Basin, in western Southland.
Eastern Bush No 1 is an onshore well programmed to be drilled to a total depth of 2520m to test a seismic geophysical anomaly.
The top of the targeted Beaumont Sandstone is similar [...]

Adriana Resources Inc. announces the commencement of the diamond drilling program on the Company’s wholly owned MIE Project on the McGregor Lake Property in Nunavut, Canada.
Major Drilling Group International Inc. (”Major”) has commenced the 2,000 meter drill program, which is estimated to cost $2 million and includes borehole pulse electromagnetic (”BHPEM”) surveys, a surface gravity [...]

The chairman, president and chief executive of Parker Drilling Co., which provides drilling and related services to the oil and gas industry, exercised options for 600,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, Robert L. Parker Jr. reported he exercised the options [...]

Essar Global Ltd., the owner of India’s third-biggest steelmaker, agreed to buy Minnesota Steel Industries LLC for an undisclosed price to add 1.4 billion tons of iron-ore reserves and a steel mill in North America.
Essar will invest about $1.65 billion to build the 2.5 million-ton-a-year mill in northern Minnesota, John Elmore, closely held Minnesota Steel’s [...]

Rio Tinto has posted a 12 per cent increase in first quarter iron ore production but mined copper production fell three per cent from the same time period year.
Australia’s second biggest miner attributed the rise in its share of iron ore production to 32.245 million tonnes to its $US5 billion ($A5.97 billion) iron expansion program [...]

Newmont Mining Corp., the world’s second-largest gold miner, plans to divest a further 7 percent stake in its Batu Hijau copper-gold mine in Indonesia and offered the shares to the government for about $325 million.
“We’ve made the offer, based on a value of $4.65 billion for the mine,” Newmont spokesman Rubi Purnomo said in Jakarta [...]

Thousands of workers from a giant US-run mine in Indonesia’s remote Papua province staged a noisy but peaceful protest Wednesday amid tight security to demand better wages and welfare.
Police, including from the paramilitary Brimob unit, stood guard as thousands of workers from the Grasberg gold and copper mine demonstrated outside the Indonesian headquarters of Freeport-McMoRan [...]

Asian American Coal Inc (AACI) will develop its second coal mine in China with a local partner in the northern province of Shanxi for three billion yuan (389 million dollars), state media said Thursday.
AACI will hold a 45 percent stake in the project, with the remaining 55 percent being taken by the Lu’an Group, the [...]

Trade and Industry Secretary Peter Favila on Wednesday hailed a plan of Sumitomo Metal Mining Co. Ltd. to put up a nickel-smelting project in Mindanao worth $1 billion, saying projects like it were “very welcome as long as they comply with our various laws.”
In an announcement dated March 29, Tokyo-based Sumitomo said it had teamed [...]

The House of Representatives has renewed its support for a joint venture company seeking to extract pozzolan from Pagan.
The Lower House yesterday adopted a resolution urging Gov. Benigno R. Fitial and the Department of Lands to reinstate the mining permit of JG Sablan Rock Quarry.
All present members, except Rep. Cinta Kaipat, voted in favor of [...]