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Random News from Mining Top News

Indonesia plans to limit mining areas

Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment.
Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn [...]

Tag: limitations coal mining companies, indonesian mining news, mining news, indo mining news, airlangga hartarto energy

NGM Resources to Explore for Nickel in Madagascar

NGM Resources has announced that it has signed an agreement with BHP Billiton, to acquire four nickel exploration projects, amounting to over 5,000sqkm of prospective tenements in Madagascar. The company has also announced that it is awaiting the results of recent drilling of a significant geophysical anomaly at Analalava. Finally, NGM has announced that it [...]

Anadarko enters West Texas exploration venture with Chevron

Anadarko Petroleum Corporation has entered an exploration joint venture with Chevron U.S.A. Inc. on approximately 200,000 net mineral acres Chevron owns within the Delaware Basin in west Texas. The acreage overlaps and extends westward from Anadarko’s existing leasehold, which includes the rapidly growing Haley natural gas field.
Under the agreement, Anadarko will serve as operator and [...]

Tag: haley field west texas, haley gas field texas

EM Resources Announces Update on Status of Amalgamation With Condor Petroleum Inc.

EM Resources Inc. announces that it has agreed with Condor Petroleum Inc. to extend the amalgamation deadline prescribed in the pre-amalgamation agreement dated July 25, 2008 from December 31, 2008 to April 30, 2010.
On July 25, 2008, EM announced that it entered into a pre-amalgamation agreement with Condor, an arm’s length private Alberta corporation, pursuant [...]

Offshore drilling bill moves forward in Senate

A bill to open waters in the Gulf of Mexico off Florida to oil and natural gas drilling easily cleared a procedural hurdle on Wednesday that paves the way for the U.S. Senate to vote on the measure in coming days.
But Senate Republican leaders said they would oppose a push by Democrats to widen debate [...]

Pan American silver closes US$103 million public offering of common shares

Pan American Silver Corp. has closed its previously announced public offering of common shares. Pursuant to the Offering, the Company today issued 6,371,000 common shares at a price of US$16.25 per share, for aggregate gross proceeds of US$103,528,750 and total proceeds, net of underwriting fees, of US$98,611,134, including the exercise in full of the [...]

Tag: top junior silver miner australia 2009, silver company owned by goldman sachs

Endeavour Announces Positive Results of Noatun C Sidetrack Well

Endeavour International Corporation announced that a sidetrack well to its recent Noatun C discovery has further confirmed the presence of gas condensate at the site located in PL 107 in the Norwegian North Sea. The operator StatoilHydro has issued preliminary estimates of “discovered recoverable reserves between 30 – 50 million barrels oil equivalent.”
The discovery will [...]

GFCI: Forms Precision Drilling Inc. for Gas Wells in Crockett County, Texas

Grifco International, Inc. (GFCI) announced that it has formed Precision Drilling Inc., to act as the prime drilling contractor for the 208 gas wells to be spudded in Crockett County, Texas. The new profit center will be incorporated in Nevada, with 51% ownership retained by the Company.

Sprott Resource Corp. agrees to a price reduction to complete PBS sale

Sprott Resource Corp. announced that SRC, along with other principal shareholders of PBS Coals Limited, have reached an agreement with PBS, PBS Coals Corporation, Mining Holding Company LLC, a holding company in OAO Severstal’s Resource Division and 7027940 Canada Limited , a subsidiary of Severstal Resources, pursuant to which the Offeror has agreed to [...]

Mineral Commodities Completes Placement

Mineral Commodities announced that it has completed a placement of 12m ordinary shares at $0.26 per share to raise $3.12m before expenses. The placement has been made to institutional clients of UK based Mirabaud Securities and falls within the company’s 15% placement capacity as set out in ASX Listing Rule 7.1. The funds will be [...]