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Random News from Mining Top News

Thompson Creek provides update on capital expenditure plans

Thompson Creek provides update on capital expenditure plans

…  largest publicly traded, pure molybdenum producers, today announced a reduction in planned capital expenditures including the …  2009 is expected to be $69 million, including $36 million for sustaining capital expenditures and $33 million for the Company’s share of …

December 5th, 2008

Venoco Scales Back 2009 Capital Budget Forecast

Venoco Scales Back 2009 Capital Budget Forecast

…  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 …  the revolving credit agreement of $200 million was redetermined in November and contemplates the sale of the Hastings Complex to Denbury …

December 5th, 2008

Svante Nilsson new President of Business Area Market at Boliden

Svante Nilsson new President of Business Area Market at Boliden

…  2009, in conjunction with Ulf Söderström’s decision to leave the company to take over as SVP of Business Development and Strategy …  conducted in three Business Areas: Market, Smelters and Mines. The number of employees is approximately 4 500 and the turnover amounts …

December 5th, 2008

Maurel & Prom: Increase in the Production and Extension of the Ocelote Field

Maurel & Prom: Increase in the Production and Extension of the Ocelote Field

…  appraisal well Ocelote-7, drilled in the Guarrojo exploration permit located in the Eastern Llanos, approximately 250 km south-west of Bogota has reached the Carbonera C7 formation. This well, drilled with a horizontal drain of 637 feet (194 …  was tested at 837 bopd with a flowing bottom hole pressure of 1,185 psi. Its current contribution to the total field …

December 5th, 2008

Sterling Announces Agreement Relating to Offshore Romanian Assets

Sterling Announces Agreement Relating to Offshore Romanian Assets

…  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 …

December 5th, 2008

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

…  99,000 acres). Canasia has received partial applications to date from the Saskatchewan Government covering 51,520 hectares …  in the future. Management also is looking forward to drilling the gold/copper prospect at Reed Lake. Canasia has been establishing a …

December 5th, 2008

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

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

…  by Cabinda Gulf Oil Company Ltd (Chevron) for development drilling offshore Angola with the semi-tender rig West Berani II, which is …  with commencement in the first quarter 2010, subsequent to delivery from the yard. Estimated contract value is approximately US$378 …

December 5th, 2008

Cadre Services Expands Operations to Northern Louisiana

Cadre Services Expands Operations to Northern Louisiana

…  Services, Inc announced the expansion of its operations to Northern Louisiana. The new regional operation, with facilities in Bossier …  with Schlumberger, Weatherford, and most recently Bennett Drilling Services where he was operations manager for Northeast Texas and …

December 5th, 2008

Fox Petroleum Awarded Additional North Sea Oil Concession Rights by UK Govt

Fox Petroleum Awarded Additional North Sea Oil Concession Rights by UK Govt

…  in the 25th Seaward Licencing Round Awards, the rights to explore and develop the block 13/17 concession in the North Sea by the …  out geological and seismic modelling before firming up a drilling location. The group has 4 years in which to drill or drop the …

December 5th, 2008

Continental Nickel Reports Grant of Stock Options to a Director

Continental Nickel Reports Grant of Stock Options to a Director

Continental Nickel Limited announce the grant, pursuant to its Stock Option Plan, of an additional 50,000 incentive stock options to a director …

December 5th, 2008