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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 producers, …  announced a reduction in planned capital expenditures including the postponement of the completion of the expansion project at its …  spending in 2009 is expected to be $69 million, including $36 million for sustaining capital expenditures and $33 million for …

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 …  changing market conditions.” The company’s current debt includes $150 million of Senior Notes due in December 2011, a $500 million Term …  contemplates the sale of the Hastings Complex to Denbury Resources in February 2009. The company expects proceeds from the sale of the …

December 5th, 2008

Svante Nilsson new President of Business Area Market at Boliden

Svante Nilsson new President of Business Area Market at Boliden

…  smelting and recycling. Boliden’s main metals are zinc and copper. Other important metals extracted and refined include lead, gold and silver. The operations are conducted in three Business …

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

…  highest structural position in the Ocelote field and confirmed its northern extension, which has significant impact in reserves …  of surface treatment facilities is under way and could be increased, from December 18th, at 16,500 barrels of fluid which will result in …

December 5th, 2008

Sterling Announces Agreement Relating to Offshore Romanian Assets

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 …  transformed the Doina area in the relatively short period since we obtained operatorship.” Sterling Resources Ltd. is a Canadian-listed …

December 5th, 2008

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

…  approval from the Saskatchewan Ministry of Energy and Resources on coal permits covering 46,080 hectares (approximately 99,000 …

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

…  Estimated contract value is approximately US$378 million, including mobilization, demobilization and minor upgrades. Alf C …

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 …  in this growing energy-producing region. These services include oilfield construction, pipeline services, pump and fabrication services …  alike,” said Maury Dumba, president of Cadre Services, Inc. The facilities in Bossier City are located at 3601 Industrial Drive on …

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

…  Petroleum Inc. announce that is has been awarded, in the 25th Seaward Licencing Round …  Onshore licensing round.” Shareholders and prospective investors are encouraged to visit Fox Petroleum’s website: www.foxpetro.com and …  Investor Summary. Please feel free to call investor relations toll-free at 1-888-369-4744 to receive a full corporate investor’s …

December 5th, 2008

Continental Nickel Reports Grant of Stock Options to a Director

Continental Nickel Reports Grant of Stock Options to a Director

…  pursuant to its Stock Option Plan, of an additional 50,000 incentive stock options to a director at an exercise price of $1.50 per share …  but under explored regions globally. Current projects include its 70% controlling interest in the Nachingwea project in Tanzania and …

December 5th, 2008