Falcon Oil&Gas Ltd. announced that it has received written approval from the Hungarian Mining Authority based on the Geological Closing Report covering the estimated resource underlying Falcon’s two exploration licenses. The Mining Bureau approval is based on the Hungarian Geological Survey recommendation.
Approval of Closing Report
On December 21, 2006, Falcon received written acceptance and approval of [...]

Phoenix Matachewan Mines Inc. announces that a diamond drilling program will commence immediately at its Steel River base metal project, on the north shore of Lake Superior, in Ontario. The drilling will target high priority airborne electromagnetic responses, obtained from an 1100km property wide geophysical survey, that are coincident with prospective zinc-copper-gold geochemistry and geology [...]

Scandinavian Minerals Limited is pleased to announce that it has applied for the mining permit for its 100%-owned Kevitsa nickel-copper-PGE property in Finland. The permit has been submitted to the Finnish Ministry of Trade & Industry, which is the responsible authority for mine permitting in Finland.
In the meantime, following the submission of its Environmental [...]

Norwegian petroleum companies Statoil and Norsk Hydro elbowed into the global fray for oil Monday with a plan to form a state-controlled giant that would be the world’s largest offshore oil producer.
Statoil said it was acquiring the oil and natural gas operations of its smaller rival in a $30-billion deal largely motivated by their drives [...]

Three East Coast companies representing investors who loaned nearly $20 million to help develop the Bull Mountain coal mine near Roundup have filed suit claiming mine owners defaulted on the loan.
The suit names Bull Mountain Coal Properties Inc. and five companies affiliated with Airlie Opportunity Fund Cayman LTD, of Greenwich, Conn.
The action was filed Friday [...]

Shares of China Coal Energy Co. rose about 13 percent in their Hong Kong debut on Tuesday, underperforming some recent IPOs as investors cooled towards the resources sector.
Shares of state-backed China Coal, the industry No. 2, traded at HK$4.56, compared with an IPO price of HK$4.05 after it raised US$1.69 billion from a deal priced [...]

Shares of China Coal Energy Co. rose nearly 13 percent on their Hong Kong debut on Tuesday, underperforming some recent IPOs as investors cooled towards the resources sector and the broader market fell.
Shares of state-backed China Coal, the industry No. 2, closed at HK$4.56, compared with an IPO price of HK$4.05, after it raised US$1.69 [...]

Edge Petroleum Corp. is set to boost its holdings in the Chapman Ranch oil and gas properties by acquiring the portion of the field owned by Anadarko Petroleum Corp.
The value of the deal is about $26 million, financed through the company’s credit facility.
The transaction follows Edge’s 2005 acquisition of an approximate 50 percent non-operated working [...]