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Random News from Mining Top News

Mexico’s Calderon discusses ethanol, entry into Mercosur with Brazil

Mexico’s President-elect Felipe Calderon met Friday with Brazilian President Luiz Inacio Lula da Silva and top officials to discuss boosting bilateral auto trade and Mexico’s entry into a South American trade bloc.
Calderon also met with Brazilian Trade Minister Luiz Furlan and Foreign Minister Celso Amorim. In addition to trade, the two countries discussed Mexico’s possible [...]

Strike action resolved at Hitura Nickel Mine

Belvedere Resources Ltd. reports that the strike action at Hitura Mine has now ended. After negotiations with management, underground miners returned to work for both shifts today. The proposed new roster system will be adopted from Monday October 13th.
Belvedere Resources Ltd. is a publicly-listed resource company engaged in the business of nickel production and exploring, [...]

Anadarko Petroleum to sell two fields for $1.8bn

Anadarko Petroleum Inc Tuesday announced that it has agreed to sell its two Louisiana oilfields to Exco Resources for $1.8 billion in cash.
Anadarko Petroleum mentioned that the Vernon and Ansley fields produce 192 million cubic feet of equivalent per day from about 350 wells and have six drilling rigs and four workover rigs at work, [...]

Shares in Cameco up 2.7% as remediation underway at Cigar Lake uranium project

Shares in Cameco Corp. (TSX:CCO) rose 2.7 per cent in morning trading Tuesday, a day after the company announced that remediation work is underway at the Cigar Lake uranium project in northern Saskatchewan.
On the Toronto stock market, Cameco stock was up $1.01 at $38.31 on 806,000 shares traded.
Water filled the Cigar Lake underground development on [...]

Schlumberger profit tops view, shares up

Schlumberger Ltd., the world’s largest oilfield services company, said on Friday its fourth-quarter earnings rose 71 percent on a strong performance in its seismic business and forecast “significant” growth in 2007.
Income from continuing operations rose to $1.13 billion, or 92 cents per share, from $660 million, or 54 cents per share, a year earlier.
The earnings [...]

Cabo to drill up to 10,000 meters for New Millennium Capital Corp.

Cabo Drilling Corp. announces that New Millennium Capital Corp. of Calgary, Alberta, has awarded Cabo’s Ontario division a contract for up to 10,000 meters of reverse circulation drilling on New Millennium’s DSO (Direct Shipping Ore) projects near Schefferville, Quebec.
New Millennium’s 2008 summer drilling program, intended to upgrade New Millennium’s historical resources to NI 43-101 standards, [...]

Tag: millenium capital nl, labmag delay

3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation 25 Times More Than 1995 Estimate

North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels [...]

Callon Petroleum Shares Grow After Company Raises Petroleum Production Forecast

Shares of Callon Petroleum Co. jumped Wednesday after the oil and gas company increased its production forecast for the fourth quarter of 2006 and for all of 2007.
Callon raised its fourth-quarter production estimate to 55 to 57 million cubic feet of natural gas equivalent per day, from 51 to 55 million feet per day. It [...]

Nebu Resources Inc. Announces Option on Golden Mile Property in Nevada

Nebu Resources Inc. announce that it has signed an Option to Purchase Agreement with Portage Minerals Inc. to acquire Portage’s option to earn a 70% interest in 5 patented and 19 unpatented mineral leases in Mineral County, Nevada. The agreement is subject to regulatory approval.
Nebu has agreed to pay to Portage a total of [...]

U Mining Resources, Inc. Has Received Offers Concerning Their Uranium Mining Claims in James Bay Region of Northern Quebec

U Mining Resources, Inc. announced that they have received multiple purchase offers from private companies for their uranium property in the James Bay region of Northern Quebec. U Mining Resources, Inc. had been in possession of this property for a long period of time and is currently assessing the board of directors’ official decision.
Currently, both [...]