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Random News from Mining Top News

Peak Group Clients to Fill Gaps in Majors Drilling Programs

AGR Ability Group ASA subsidiary, Peak Well Management Limited said that many of its clients, particularly the small and medium sized exploration companies, are keen to take up available drilling slots from larger oil companies that have drilling rigs on long term contracts. Peak believes that a number of the larger oil companies may have [...]

Uranium Star Corp. Provides Update on TSX Venture Exchange Listing Status

Uranium Star Corp. is pleased to provide an update relating to the Company’s application for Tier 1 status on the TSX Venture Exchange (TSX-V)
The application process required a number of significant submissions to the TSX-V in order to meet their listing criteria. The Company has now submitted all requested updates and enhancements, and a [...]

CGGVeritas: Sercel Acquires Quest Geo

CGGVeritas announced that its subsidiary Sercel has entered into a private transaction to purchase all existing shares in Quest Geo Solutions Limited (“Quest”), a UK-based software company, for a cash consideration.
The acquisition continues to broaden Sercel’s product offering and comes as a logical extension to the existing partnership between the two companies, whereby Sercel distributes [...]

Tag: quest geo sercel, fmc mining

Pilgrim Petroleum to acquire acreage in Clay County, Texas

Pilgrim Petroleum Corporation has acquired approximately 15,700 total acres in Clay County near the Barnett Shale, the best play in the country. The property has history of great production on the surrounding area. Some seismic data is available with this acquisition, which will facilitate a reserve report. This acquisition is expected to close within 7-14 [...]

Wild Brush Acquires Additional Powder River Oil & Gas Lease

Wild Brush Energy announces the purchase of an additional Powder River Basin Federal Oil & Gas Lease in the State of Wyoming. The lease is located on the eastern side of the Basin in Weston County. This is the fifth lease the Company now controls in the region.
Wild Brush maintains its expansion strategy through acquisition [...]

Platinex and Mattagami First Nation Sign Exploration Agreement for Shining Tree Gold Property

Platinex Inc., a Canadian exploration company, announced that it has entered into an Exploration Agreement (“EA”) with Mattagami First Nation for exploration activities being carried out on the Company’s Shining Tree Gold Property.
The EA provides a framework for a working relationship between the two parties. The Mattagami First Nation will have preferred access to employment [...]

Pak likely to drop Afghan border mining proposal over international pressure

Pakistan is likely to drop the idea of mining its border with Afghanistan, but will move ahead with its plan of fencing the shared frontier.
A Pakistani official said on conditions of anonymity that Islamabad was in close contact with the US and other members of the NATO on the border fencing and mining issue and [...]

Canadian Stocks Drop on Oil Inventory Data; Energy Shares Slide

Canadian stocks fell for a second day after a report showing an unexpected increase in U.S. oil supplies reinforced concern that profits at energy companies including Talisman Energy Inc. will slow.
“We keep seeing reports that the world seems to be awash in excess crude oil floating around,” said Fred Ketchen, director of equity trading at [...]

Australia’s Iluka Q3 mineral sands sales volume rises 18.3 pct yr-on-yr

Iluka Resources Ltd said mineral sands sales volume rose 18.3 pct year-on-year in the September quarter to 503,524 metric tons, due largely to higher ilmenite sales.
It said mineral sands revenue for the September quarter increased 18.9 pct year-on-year to 226.0 mln aud, while total sales revenue including coal revenue rose 17.1 pct to 233.7 mln [...]

Sierra Minerals Sets New Quarterly Production Record

Sierra Minerals Inc. announced today that the Company has produced 5,447 ounces of gold in the second quarter of 2009 (ended June 30, 2009) at its 100% owned Cerro Colorado mine in Sonora, Mexico. This represents an 18% increase over the fiscal quarter ended March 31, 2009 and on a year-to-date basis, a 6% increase [...]

Tag: sierra gold sand