Sasol Petroleum International (SPI) has obtained a 51% working interest in four hydrocarbon prospecting licenses covering a land area of 37 000 square kilometers, close to established gas fields in the “foreland” area of Papua New Guinea. Seismic surveying is scheduled to commence in October 2008.
The exploration work will be carried out by newly formed [...]
Rio Tinto has signed two exploration joint venture agreements with CODELCO’s 100% owned subsidiary, CCM Los Andes, in Chile. These agreements follow the first exploration joint venture agreement signed between Rio Tinto and CODELCO in January 2008. CODELCO is the world’s largest copper producer.
The new properties to be explored are the Esteli and Paloma prospects [...]
Extract Resources, a Uranium exploration company with projects in Namibia, Africa, today announced further strike extensions and the return of wide zones of uranium mineralization, at Rossing South.
Recently received chemical assay data continues to highlight the continuity of high grade, alaskite hosted uranium mineralization in both Zone 1 and Zone 2.
Uranium mineralization at Zone 1 [...]
Rio Tinto Alcan marked the signing of a one-of-a-kind labour agreement with sixteen labour unions for the construction of the Kitimat Modernization Project at a ceremony in Vancouver. This agreement between the Kitimat Modernization Employer Association and the unions facilitates access to the qualified British Columbia building trades workforce, with joint commitments to local and [...]
TRI-STAR HOLDINGS, INC., formerly RAPID FITNESS, INC., a publicly traded company currently on the Over the Counter, announced the company has expanded the focus of its wholly owned subsidiary, Reomt, LLC to include the development of mineral rights and claims beyond its existing domestic interests. The company, through Reomt LLC, already owns and is developing [...]
Pele Mountain Resources Inc. announced that it has assembled a world-class technical team to develop its recently-named Eco Ridge Mine project in Northern Ontario’s historic Elliot Lake uranium camp. In October 2007, Pele received a positive scoping study for the project which outlined a NI 43-101 compliant resource of 6.4 million pounds of “indicated” U3O8 [...]
Continental Minerals Corporation announces the engagement of Standard Bank Plc, the principal international investment banking subsidiary of the Standard Bank Group Limited, jointly with the Industrial and Commercial Bank of China as Underwriters and Mandated Lead Arrangers for the project finance debt facility for the development of the Xietongmen Project.
Standard Bank is a leading global [...]
Cameco Corporation announced it has formed a strategic alliance with Govi High Power Exploration Inc. (GoviEx) and acquired an approximate 11% interest in the company for $28 million (US).
GoviEx is a closely held exploration company formed in 2006 with uranium exploration assets in Niger, Africa. The company holds about 2,300 square kilometres of exploration [...]
INTERNATIONAL BARYTEX RESOURCES LTD. announce the appointment of Mr. David Newton as Director of Operations. Mr. Newton will report directly to Mr. Alf Hills, Chief Executive Officer.
Mr. Newton has had a long career as a General Manager at a number of mine operations in Asia, Europe and Africa, most recently as General Manager at Anvil [...]
White Energy Company Limited confirmed that it has successfully produced upgraded coal at its binderless coal briquetting plant at Cessnock, New South Wales.
Having completed construction eight weeks ago, key elements of the commissioning phase are now finalised with all relevant certifications for running the Plant being received at the end of last week. At the [...]
