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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

…  Creek Metals Company Inc., one of the world’s largest publicly traded, pure molybdenum …  capital expenditures including the postponement of the completion of the expansion project at its 75%-owned Endako Mine. “Given the …  debt of $18.1 million in equipment loans and puts the Company in an excellent position to weather the downturn in worldwide economic …

December 5th, 2008

Venoco Scales Back 2009 Capital Budget Forecast

Venoco Scales Back 2009 Capital Budget Forecast

…  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 …  in response to changing market conditions.” The company’s current debt includes $150 million of Senior Notes due in December …

December 5th, 2008

Svante Nilsson new President of Business Area Market at Boliden

Svante Nilsson new President of Business Area Market at Boliden

…  with Ulf Söderström’s decision to leave the company to take over as SVP of Business Development and Strategy at …  has been found. Boliden is a leading European metals company whose core competence is in the fields of exploration, mining, smelting and recycling. …

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

The 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 meters) …

December 5th, 2008

Sterling Announces Agreement Relating to Offshore Romanian Assets

Sterling Announces Agreement Relating to Offshore Romanian Assets

…  in the Pelican and Midia Blocks. Melrose will become operator of the development projects, initially associated with the …  in the remaining parts of the blocks. The transaction completion will be subject to the finalization of a fully termed agreement and …

December 5th, 2008

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

Canasia Industries Corporation has received approval from the Saskatchewan Ministry of Energy and Resources on coal permits covering 46,080 hectares (approximately 99,000 acres). Canasia has received partial applications to date from the Saskatchewan Gover …

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

…  has been awarded a new contract by Cabinda Gulf Oil Company Ltd (Chevron) for development drilling offshore Angola with the …  The contract has a duration of five years with commencement in the first quarter 2010, subsequent to delivery from the yard. …

December 5th, 2008

Cadre Services Expands Operations to Northern Louisiana

Cadre Services Expands Operations to Northern Louisiana

…  with facilities in Bossier City, will provide the full complement of Cadre services to customers in this growing energy-producing …  the same exceptional level of service our customers have come to expect of Cadre as well as forging new partnerships with customers 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

…  to drill or drop the licence. Richard Moore (Fox CEO) commented “We are delighted to have added this exciting and?high potential?block to Fox’s portfolio in the UK. 13/17 becomes our first UK offshore operated licence, following on from our success as …  encouraged to visit Fox Petroleum’s website: www.foxpetro.com and download Fox Petroleum’s Investor Summary. Please feel free to call …

December 5th, 2008

Continental Nickel Reports Grant of Stock Options to a Director

Continental Nickel Reports Grant of Stock Options to a Director

…  approval. Continental Nickel Limited is an exploration company focused on the exploration and discovery of nickel sulphide deposits in …

December 5th, 2008