South Korea’s UBS Hana Asset Management, majority owned by the world’s largest wealth manager, said on Tuesday it will start a 260 billion won fund in December that will invest in a Madagascar nickel mine. South Korea’s government has decided to grant tax breaks to the fund, which will invest more than 70 percent of [...]

State and local prosecutors filed a $50 million lawsuit against a Martinez petroleum company and two of its affiliates Monday, accusing them of disabling monitoring devices that would help prevent gasoline leakage at their gas stations.
About 30 gas stations across the state owned by or associated with Martinez-based Golden Gate Petroleum were accused of [...]

Victoria Petroleum announced the completion of the acquisition of a 20% working interest in the El Fatso gas and condensate exploration project, located in the onshore Gulf Coast, Wharton County, Texas. The El Fatso Prospect will be drilled by the Schoenfield #1 well which will target three stacked seismic amplitude and AVO defined prospects in [...]

Poseidon Nickel declared a 1mtpa Nickel Sulphide ore processing target from its Windarra mine site. CEO, David Singleton, said that Poseidon’s “Fast Start” concentrator concept could see production start within a year of initiation, up to 18 months faster than would be the case if a more conventional project was run.

Targetting 1 Million Tonne Processing [...]

Millstream Mines Ltd. is pleased to announce that at its Potter Mine Project in north eastern Ontario, a diamond drill hole, S-07-17 has intersected 15 metres of nickel bearing mineralization grading .16% nickel along with anomalous values of copper, zinc and cobalt. The mineralization is hosted in peridotite. The hole was targeted to test a [...]

One week ago (Nov. 21), the drilling team passed the 1,000-meter mark in rock core pulled from beneath the sea floor in McMurdo Sound, and with a remarkable recovery rate of more than 98 percent. The end of drilling is scheduled for this weekend, and only a few tens of meters of core remain to [...]

Goodrich Petroleum Corporation announced that it has engaged BNP Paribas (BNPP), the company’s Senior Lending Agent, to syndicate on a best efforts basis up to $100 million under a proposed Senior Second Lien Term Loan Facility. The Term Loan Facility will be subject to a number of terms and conditions.
Goodrich Petroleum intends to use the [...]

Mongolia’s Cabinet has decided to review a draft agreement on ownership of Tavan Tolgoi, a potentially huge coking coal project in the Gobi Desert that has attracted interest from some of the world’s biggest mining companies.
The decision means the Mongolian government will set up a working group to renegotiate ownership and investment rights for the [...]

URANIUM BAY RESOURCES INC. is pleased to give its shareholders a second progress report on the diamond drilling campaign started in October 2007 from its wholly owned 314 km2 Uskawanis Uranium Property (”UUP”) situated SE of Hydro-Quebec’s Opinaca Hydroelectric Reservoir along the Eastmain River, 180 km SE of Radisson, Quebec.
The salient features of the results [...]

The New Zealand Wind Energy Association said Contact Energy’s announcement that it intends to build a wind farm in the Waikato will help the Government reach its goal of 90% renewable electricity without building new gas-fired power plants. The farm is expected to generate up to 650 MW of electricity for Waikato and Auckland consumers.
Wind [...]