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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, today …  million for the Davidson Project and the remainder for maintenance capital expenditures. Of the $600 million of capital expenditures, …  pound (assuming a US/Canada exchange rate of 1.20 for the fourth quarter of 2008). Management currently is not revising its production …

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 …  non-operated interests in three other platforms, operates four onshore properties in Southern California, has extensive operations in …

December 5th, 2008

Svante Nilsson new President of Business Area Market at Boliden

Svante Nilsson new President of Business Area Market at Boliden

…  Nilsson has been appointed as the new President of Business Area Market, effective as of 1st January 2009, in conjunction with Ulf Söderström’s decision to leave …  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

…  in the Eastern Llanos, approximately 250 km south-west of Bogota has reached the Carbonera C7 formation. This well, drilled with a …  position in the Ocelote field and confirmed its northern extension, which has significant impact in reserves classification. Ocelote-7 …

December 5th, 2008

Sterling Announces Agreement Relating to Offshore Romanian Assets

Sterling Announces Agreement Relating to Offshore Romanian Assets

…  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 …

December 5th, 2008

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Government

…  has received approval from the Saskatchewan Ministry of Energy and Resources on coal permits covering 46,080 hectares (approximately …  the coal prospects received. Negar Towfigh, President of Canasia stated, “Canasia has already established a significant land position …

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

…  Gulf Oil Company Ltd (Chevron) for development drilling offshore Angola with the semi-tender rig West Berani II, which is currently under construction. The contract …

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 …  in Bossier City, will provide the full complement of Cadre services to customers in this growing energy-producing region. These …  products. Joe Cucinotta has been named Location Manager of the new venture. Mr. Cucinotta brings over 24 years of industry experience …

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 North Sea by the British Government (Department of Energy and Climate Change). Fox will be operator of the block with a 90% …  Captain Field. 13/17 contains prospects of considerable potential at both Cretaceous and Jurassic levels. Licence obligations are to …

December 5th, 2008

Continental Nickel Reports Grant of Stock Options to a Director

Continental Nickel Reports Grant of Stock Options to a Director

…  announce the grant, 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 with a term of five years. The grant of the options is …

December 5th, 2008