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Random News from Mining Top News

Cadence changes following Barrick Acquisition

Cadence changes following Barrick Acquisition

Cadence Energy Inc. announce that following the acquisition by Barrick Gold Corporation of over 94% of the common shares of Cadence, David Boone has been appointed as Cadence’s new Chief Executive Officer. Mr. Boone has more than 30 years of oil and gas in …

September 6th, 2008 - Posted in Mining Stocks, Oil and Gas

Mariner Energy Reports No Material Damage From Gustav

Mariner Energy Reports No Material Damage From Gustav

Mariner Energy, Inc. provided a preliminary update on the impact of Hurricane Gustav on the company’s Gulf of Mexico production and assets. The company has completed initial assessments of virtually all Mariner-operated offshore structures and received rep …

September 6th, 2008 - Posted in Oil and Gas

Savanna Energy acquires rental business

Savanna Energy acquires rental business

…  the next 90 days. Savanna believes that the acquisition price reflects replacement value of the assets acquired, and that the …  will operate 108 drilling rigs, 64 well servicing rigs, 8 coil service units and a broad drilling and workover rental fleet in Canada and …

September 6th, 2008 - Posted in Oil and Gas

Nevada Chemicals, Inc. to Be Acquired

Nevada Chemicals, Inc. to Be Acquired

…  of Nevada Chemicals’ outstanding common stock. The offer price represents approximately a 36 percent premium over the closing stock market price of Nevada Chemicals’ common stock on September 5, 2008. Calypso …

September 6th, 2008 - Posted in Mining Stocks

Osisko Tables Environmental Impact Study for Its Canadian Malartic Project

Osisko Tables Environmental Impact Study for Its Canadian Malartic Project

Osisko Mining Corporation submitted yesterday its environmental impact assessment study for its Canadian Malartic mining project to Quebec’s Ministere du Developpement durable, de l’Environnement et des Parcs (MDDEP). “We’re very pleased to reach this m …

September 6th, 2008 - Posted in Precious Metal

Settlement of litigation with Century Mining

Settlement of litigation with Century Mining

Sulliden Exploration Inc. announces that it has settled the legal actions commenced in Canada in June 2007 against Century Mining Corporation, Algamarca and others. Century has withdrawn from its involvement with the Shahuindo property in Peru and aband …

September 6th, 2008 - Posted in Precious Metal

Stone Energy Corporation Announces Impact From Hurricane Gustav

Stone Energy Corporation Announces Impact From Hurricane Gustav

Stone Energy Corporation provided an update on the impact of Hurricane Gustav on its operations. The adverse weather conditions associated with Hurricane Gustav resulted in substantially all offshore drilling and production activities in the Gulf of Mexico …

September 6th, 2008 - Posted in Oil and Gas

IHS Acquires Divestco USA Inc. Product Portfolio

IHS Acquires Divestco USA Inc. Product Portfolio

IHS Inc., a leading global source of critical information and insight, today announced it has acquired the product portfolio of Divestco USA Inc., a strategic provider of comprehensive data and analytical tools for the oil and gas industry, for approximate …

September 6th, 2008 - Posted in Oil and Gas

Pyramid Petroleum Announces Resumes Operations at Gulf of Mexico Offshore Facilities and Operational Updates

Pyramid Petroleum Announces Resumes Operations at Gulf of Mexico Offshore Facilities and Operational Updates

Pyramid Petroleum Inc. announced that after being shut down due to Hurricane Gustav, the Company has successfully completed its safety survey and has found that no material damage has been reported to its facilities in the Gulf of Mexico. Production has re …

September 6th, 2008 - Posted in Oil and Gas

Universal Energy Corp. Announces 7th Consecutive Month of Increased Production

Universal Energy Corp. Announces 7th Consecutive Month of Increased Production

Universal Energy Corp., an emerging U.S. oil and gas exploration and production company, announced today that gas and oil production quantities increased for the seventh consecutive month in July 2008. July 2008 production increased 83 percent over the fir …

September 5th, 2008 - Posted in Oil and Gas