Flint Energy Services Ltd announced the Company’s 50 per cent owned joint venture company, FT Services, has been awarded a contract with an approximate value of $50 million over its two-year term to provide turnaround management and execution services to Shell Canada Limited (Shell) at the Scotford Complex, Fort Saskatchewan, Alberta.
“FT Services was chosen for [...]
Aspen Group Resources Corporation announced that it holds a working interest in 6 gas wells in Oklahoma that have been drilled by Conoco-Phillips. It was recently discovered that Aspen had retained a small interest in the leases from a previous sale, and upon further investigation Aspen received confirmation of its interest. These 6 gas wells [...]
Sasol Petroleum Sofala, a wholly owned subsidiary of Sasol Petroleum International, has completed its first exploration well, Njika-1, in Block 16/19 in Mozambique. The well is located in waters at a depth of 460 meters and was drilled to a total depth of 1615 meters. The well accessed the predicted targets and measurements indicate the [...]
Silver Dragon Resources Inc. announce that Gansu Shengda Group Ltd., a private Chinese conglomerate, has agreed to acquire 52% of the equity interests in Sanhe Sino-Top Resources & Technologies, Ltd. from Huaguan Industrial Corp., Silver Dragon’s state-owned Chinese joint venture partner.
Shengda and HIC have entered into an agreement whereby HIC will transfer 52% of its [...]
Cantex Mine Development Corp. announce that Vale International SA, a wholly-owned subsidiary of Companhia Vale do Rio Doce, has signed a letter agreement for the Company’s Suwar, Wadi Qutabah nickel, copper, cobalt and platinum group element projects in Yemen.
Vale’s minimum exploration commitment under the agreement is US $2 million to be spent prior to August [...]
Northland Resources Inc. announce that the Chief Mines Inspector of Sweden has granted the Exploitation Concessions for Tapuli K1 and Tapuli K2. The granting of the concession has been communicated to the parties involved in the land use of the area and has been released by Mines Inspectorate to Northland and the public today.
Northland will [...]
GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol’s new power plant in Secunda, which could help ease South Africa’s energy crisis.
South Africa, which has Africa’s largest economy, is in the [...]
On November 13, 2008 Centenario Copper Corporation reported that it had received the consent of the lenders under the Franke Credit Facility, to repurchase a portion of the 2010 copper hedge book to yield $26 million in net proceeds. On November 19, 2008, all relevant documentation was completed, and the Company repurchased 30.2 million pounds [...]
“We have received many inquiries from shareholders and investors interested in our November 11, 2008 announcement of XRF analysis gold grades ranging from .28-3.39 oz/ton, and silver grades of 1.46 - 30.97 oz/ton. Shareholders and investors want to understand how our Mill facility relates to our recent gold and silver discovery announcements and the future [...]
Management of Vantex Resources Ltd announces that it is starting a 1,000 metre diamond drill program on the Santa Anna property, located at about 10 kilometres east of La Sarre, Abitibi.
This program will evaluate the gold potential of the Zone 8. This zone is located about 100 metres to the northwest of the North zone [...]
