RockBridge Update on BC Oil & Gas Properties Winter Program
RockBridge Energy Inc. announces that the operator of the Drake and Woodrush oil and gas properties in northern B.C., in which RockBridge has a working interest, has provided details of this winter’s planned capital program. The program includes drilling and initially completing a further Woodrush well as a flowing oil well targeting a new oil pool in the Halfway formation. The drilling is planned...
Encore Renaissance Resources Corp. Receives Underground Mining Approval From the BC Government
ENCORE RENAISSANCE RESOURCES CORP. Encore Renaissance Resources Corp. report that the company has been granted a permit by the BC ministry of mines to commence underground mining at the Company’s flagship property, the Bonaparte Gold Mine, near Kamloops British Columbia. Underground extraction will commence immediately with further shipments of ore to Kinross Gold’s mill in Washington State....
Gunvor Appoints Stephane Caudron as Head of LNG
Gunvor International B.V., one of the world’s major independent energy companies announces Stephane Caudron will be starting on 1 January 2010 as Head of LNG. Mr. Caudron will join Gunvor from RBS Sempra where he was also Head of LNG. He brings more than 25 years experience in the Natural Gas markets having previously held senior positions in Gaz de France, where he was latterly Managing Director...
Hyperdynamics Reports Encouraging Initial Results From Oil Seeps Study of Offshore Guinea Concession Area
Hyperdynamics Corporation today announced that it has received encouraging preliminary results from an oil seeps study of the company’s 31,000-square-mile oil and gas concession offshore Guinea. The survey was conducted by TDI-Brooks International of College Station, Texas. “We conducted this study to survey projected sites of oil seepage in three areas of our concession,” said Ray...
Sandvik Mining and Construction Receives Major Order for Materials-Handling System in the Netherlands
Sandvik Mining and Construction (STO:SAND) has signed an agreement with the energy company RWE Power AG in the Netherlands for a turnkey materials-handling system. The value of the order is approximately 650 MSEK and comprises a complete materials-handling system for the Eemshaven Power Plant in the Netherlands. The project includes two grab-type ship unloaders, two stackers and three portal reclaimers....
Oroco Resource Corp. Announces Initial Closing of Private Placement and Increase in the Number of Units
Oroco Resource Corp. announce that it intends to increase the size of the non-brokered private placement of $0.225 units announced November 13, 2009 from six million units to seven million units, thereby increasing the funds raised from $1,350,000 to $1,575,000. The Company is also pleased to announce that it has closed the first tranche of 5,720,500 units of the Private Placement at a price of $0.225...
Panamanian Government Authorizes Commercial Production at Molejon
Petaquilla Minerals Ltd. an emerging gold producer commissioning the operation of its gold processing plant at its 100% owned Molejon Gold Project announce that the Government of the Republic of Panama has granted approval for Petaquilla’s Molejon gold mine to advance to the commercial production stage. In accordance with Contract Law No. 9 of February 26, 1997, the Ministry of Commerce and Industry...
Royal Gold Raises Common Stock Dividend 13% to $0.36 Per Share
Royal Gold, Inc., a leading precious metals royalty company, today announced that its Board of Directors increased the Company’s annual dividend for its shares of common stock from $0.32 to $0.36, payable on a quarterly basis of $0.09 per share. Royal Gold has steadily increased its annual dividend since it first issued a $0.05 annual payment for calendar year 2000. The Board also declared the dividend...
Mines Management Withdraws Public Offering of Common Shares
MINES MANAGEMENT, INC. announced today that it has withdrawn its previously announced public offering of 6,000,000 shares of common stock. The terms presented by the underwriters did not meet the minimum expectation of net proceeds. The Company’s President and Chief Executive Officer, Mr. Glenn M. Dobbs, stated, “While we were gratified with the strong support for the offering, potential pricing...
Golden Minerals Announces the Sale of Platosa Property
Golden Minerals Company announced the sale of the Company’s remaining 49% joint venture interest in the Platosa property to Excellon Resources Inc. (“Excellon”), for US $2.0 million in cash and a 1% net smelter return royalty. Previous agreements between the Company and Excellon, including a 2% net smelter return royalty previously granted, were terminated in this transaction. Definitive...
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Nuinsco Resources Limited announced it has optioned a claim package, collectively referred...
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