Lithium Mining

Venoco Scales Back 2009 Capital Budget Forecast

Venoco, Inc. announced it will scale back its forecast of 2009 capital expenditures from $300 million to $225 million. “We remain very cognizant of the unusual financial times and are committed to managing our capital expenditures to sustain the company,” explained Tim Marquez, Chairman and CEO. “Our portfolio of capital projects is... 

SDRL – Seadrill secures new long-term tender rig contract in West-Africa

Seadrill has been awarded a new contract by Cabinda Gulf Oil Company Ltd (Chevron) for development drilling offshore Angola with the semi-tender rig West Berani II, which is currently under construction. The contract has a duration of five years with commencement in the first quarter 2010, subsequent to delivery from the yard. Estimated contract value... 

Compass Minerals Announces Plans to Further Upgrade Its Rock Salt Supply Capabilities for the Great Lakes Region

Compass Minerals announced expanded plans to upgrade its salt mining operations in Goderich, Ontario, which will improve its operating processes and increase its annual production capacity to approximately nine million tons by 2012. The upgrade will position the company to efficiently increase production of highway deicing salt as demand requires. “While... 

Marathon Awarded Second Indonesian Offshore Exploration Block

Marathon Oil Corporation announced that its subsidiary, Marathon Indonesia New Ventures Limited, has been awarded a 49 percent interest and operatorship in the Bone Bay Block offshore Indonesia. The Bone Bay Block is approximately 1.23 million acres (or equivalent to 213 Gulf of Mexico lease blocks) and is located predominantly offshore southern Sulawesi... 

Tri-Star Holdings, Inc. Announces Company Has Completed Negotiations With Azrock Mining of Arizona

TRI-STAR HOLDINGS, INC., a publicly traded company currently on the Over the Counter, announced the Company has completed negotiations with Azrock Mining of Arizona to establish operations at the company’s gold mine claims COS 1 and COS 2 in Salome, Arizona. Azrock is now scheduled to begin operations Thursday, October 16 on COS #1. Larry Nunley... 

Norsemont Mining Announces Major New Discovery at Constancia Project in Peru

Norsemont Mining Inc. announced that the Company has made a major new discovery at the Company’s 100-percent controlled Constancia copper-molybdenum-silver project in south-eastern Peru. The Pampacancha anomaly has been discovered approximately 2.7 kilometres south-east of the Constancia – San Jose deposit and lies within an area over which... 

BPZ Energy Moves to NYSE and Changes Ticker Symbol to BPZ

BPZ Resources, Inc. announced that as a result of the merger between the American and New York Stock Exchanges (NYSE), the Company’s stock will be listed on the NYSE Alternext and has changed its ticker symbol to “BPZ”. The changes are effective with the opening of today’s trading. Manolo Zuñiga, BPZ Energy’s President and Chief Executive... 

Gossan Retains Hatch to Provide Engineering Process Support for the Inwood Magnesium Project

Gossan Resources Limited has retained Hatch of Montreal, Canada, to provide engineering process support for the Inwood Magnesium Project The agreement covers a 5-phase work program culminating with the opening of a Certificate of Authorization file with the Manitoba government for construction and environmental approvals for a production facility at... 

Anatolia Minerals commences Copler Gold Mine construction

Anatolia Minerals Development Limited announces construction is beginning on its Copler Gold Mine in Turkey. Anatolia will begin mobilization of the main earthworks and civil works contractor immediately. Construction management is being provided by SNC Lavalin. The project schedule targets first gold pour in late 2009. Anatolia will then ramp up production... 

New Discovery for US Gold in Magistral District

US GOLD CORPORATION announces it has made a new gold discovery within the Magistral District, located in Sinaloa State, Mexico. Exploration highlights from initial holes: 0.13 ounces per ton (opt) gold over 98.4 feet (ft.), (4.59 gpt (grams per tonne) over 30.0 m) including 0.51 opt gold over 19.7 ft. (17.63 gpt gold over 6.0 m) and 0.11 opt gold over...