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Random News from Mining Top News

Belarus, Russia seek to end oil dispute

Russia and Belarus sought Tuesday to resolve a damaging trade battle that has led Moscow to halt oil supplies to several EU nations via Belarus, causing fresh alarm in Western Europe over its reliance on Russian energy.
A delegation led by Vice-Premier Andrei Kobyakov flew to Moscow on Tuesday to find a solution to the halt [...]

Codelco averts strike at copper mine in Chile

Codelco, the world’s biggest copper producer, said it reached a new wage agreement with a group of workers at its largest mine, averting a strike.
A union representing about 530 workers at the Chuquicamata copper mine in northern Chile voted Wednesday to accept a wage offer after Santiago-based Codelco reduced the length of the contract, union [...]

Caledonia Mining gold acquisition under investigation

Zimbabwe’s Competition and Tariffs Commission (CTC) is reportedly probing Canadian firm, Caledonia Mining Corporation, for breaching regulatory procedures by failing to notify the commission on their acquisition of Blanket Gold Mine. Caledonia Mining Corporation acquired Blanket Mine, which is in the southwestern parts of the country and about 150 km from the capital Harare, from [...]

El Paso Corporation Announces Tot Discovery

El Paso Corporation announced that the Tot exploration well, 1-ESS-185D, located in the ES-5 block offshore Brazil, is a discovery. Through its Brazilian E&P subsidiary, El Paso has a 35 percent working interest in the Petrobras-operated well. The well is located 30 kilometers offshore in 61 meters of water, and was drilled to a total [...]

NEC sells 30% of shares in Norse Energy do Brasil

Norse Energy Corp. ASA has sold 30% of the shares in the previously wholly-owned subsidiary Norse Energy do Brasil for a cash consideration of USD 30 million. The buyer is Sector Speculare (Private Equity) IV, a fund managed by Sector Omega ASA. Funds managed by Sector are also the largest shareholder in Norse Energy Corp. [...]

Tag: norse mining stock, norse energy brasil, sector norse, sector nec brasil, sector norse brasil 30

Pump Prices and Demand Rise

Gasoline pump prices rose last week, but so did demand, according to a weekly survey by MasterCard SpendingPulse.
Demand increased 0.9 percent in the week ending April 11, compared with the week before. But looking at the comparable week from last year, demand was flat and remains near the bottom of the expected range.
“It’s not unusual [...]

Contango Announces Successful Well Test at Eloise #1 and Updates Operations

Contango Oil & Gas Company announced today that its production test at Eloise #1 has been successfully completed. The well tested at a rate of approximately 8.3 million cubic feet equivalent per day. The net revenue interest in Eloise #1, net to Contango, is approximately 27.0%.
Contango’s independent third party engineer estimates this well to have [...]

Tag: contango operators inc eugene island

American Oil & Gas Commences Drilling at Goliath Project

Denver, CO – American Oil & Gas Inc., reports that drilling activity has commenced in its Goliath project with the spudding of the Evertson AOG Champion 1-25H well. According to American Oil & Gas Inc., in this well, in which American owns a 50% working interest, is located in Williams County, North Dakota and is [...]

Mining drills holes in State kitty

Not only illegal mining but transportation of iron ore and manganese too is draining the State’s exchequer.
Consider this. The State Public Works Department (PWD) has incurred a whopping loss of Rs 1,700 crore in the form of damages to its road network due to transportation of iron ore and manganese during 2005-06. The annual royalty [...]

From Uranium Enrichment to Bomb in 12 months, Expert Says

From the time Iran masters the enrichment of uranium, it could be as little as 12 months until the Islamic Republic is able to field an operational nuclear weapon, an Israeli professor said this week.
Professor Gerald Steinberg of the Begin-Sadat Center for Strategic Studies (BESA) said that separating the fissile material from natural uranium through [...]