AngloGold Ashanti Output Up 5% on Geita, Vaal River Turnarounds
AngloGold Ashanti said third quarter production rose 5 percent as a result of continued improvements at its Geita mine in Tanzania and fewer safety related interruptions at its Vaal River operations in South Africa. “We continue to make breakthroughs in effecting the turnaround at Geita,” Chief Executive Officer Mark Cutifani said. “We’ve also made some strong safety gains at...
Additional Coal Applications Submitted to Saskatchewan Government
Micron Enviro Systems, Inc. announce that it has applied for additional coal permits that are contiguous to existing coal permits currently held by the Company. These applications are located within the “Durango Trend” of the coal deposits in Saskatchewan, Canada. This area is the host for the most recent discovery by Goldsource Mines Inc., whose stock price rose from $0.30 to over $19/share...
Gold Demand Surges as Investors Turn to Wealth Preservation
Fears of future inflation and ongoing financial uncertainty led investors to continue to flock to gold in the first quarter of 2009, seeking out its proven wealth preservation qualities. Total demand for gold in Q1’09 rose 38% year on year to 1,016 tonnes, representing a 36% rise in value terms to US$29.7bn. According to figures published today by World Gold Council (WGC) in its Q1’09 Gold Demand...
Atlas Copco Takes Full Ownership in Focus and Prisma in India
Atlas Copco has exercised an option to buy the remaining 75% of shares in Focus Rocbit Pvt Ltd and Prisma Roctools Pvt Ltd. The acquisitions strengthen the Group’s position in the market for drill bits and hammers. Atlas Copco acquired 25% of the companies in April 2008. Focus is a manufacturer of bits for rotary drilling and Prisma makes bits and hammers for down-the-hole drilling. “Focus and...
Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil
Cavitation Technologies, Inc. has filed a patent for rapid modification of crude oil. It is proven that cavitation in fluids provide superior mixing and may significantly accelerate rates of chemical reactions and processes. By applying this concept to oil refining industry the company was able to increase the efficiency of refining crude petroleum to gasoline, kerosene, diesel, jet fuel and other...
Sterling Announces Agreement Relating to Offshore Romanian Assets
Sterling Resources Ltd. announce that it has signed a Heads of Agreement with Melrose Resources plc relating to the Pelican XIII and Midia XV Blocks located in the Black Sea, offshore Romania. In exchange for a cash consideration and a carry on future investment, Melrose will acquire a 32.5% working interest in the Pelican XIII and Midia XV Blocks. Melrose will make a cash contribution of US $24-million...
ARAM Launches ARIES II Land Seismic Recording System
ARAM Systems, a subsidiary of ION Geophysical Corporation, announced the commercialization of its cable-based ARIES II(TM) seismic recording platform. ARIES II provides the operational flexibility to cost-effectively undertake complex 2D, 3D, and 4D acquisition programs both onshore and in transition zone environments, and delivers the capabilities needed for both high channel-count acquisition programs...
Atlas Copco Wins Rock Reinforcement Order from LKAB in Sweden
Atlas Copco has won an order to supply the mining company LKAB with equipment for rock reinforcement, to increase safety at its mines in Kiruna and Malmberget, Sweden. The value of the order, which includes an extensive service agreement, is about MSEK 140. The order was received in the fourth quarter. The full service agreement runs for three years and will guarantee availability for all units. LKAB...
Garneau Inc. introduces Reelpipe
Garneau Inc. introduces its new Flexible Pressure Pipe, “Reelpipe” developed for Canadian oilfield production applications for oil emulsion, gas gathering and water disposal. Garneau “Reelpipe” is a high strength, lightweight, corrosion-resistant, robust, flexible pressure pipe developed for the petroleum industry. The product is made from thermoplastic and composite materials,...
Asia-Pacific Surpassed North America As The World’s Primary Oil Consuming Region In 2007
Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering. This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea Current Environment – Key Points - Crude oil prices rose 66% from...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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