FX Energy, Inc. reported that the Company’s Grundy-2 well is currently drilling in the Rotliegend sandstone at a depth of 4,625 meters. The top of the Rotliegend was encountered 100 meters higher than expected. The well has now drilled 385 meters of Rotliegend with gas shows throughout and no appearance of water.
Current plans are to [...]

Continental Resources, Inc. announced initial results from its Mathistad 1-35H well completed in the Three Forks/Sanish formation in the North Dakota Bakken Shale area. The McKenzie County well, in which Continental has a 40% working interest, is the second that the Company has completed in the Three Forks/Sanish formation in North Dakota.
“The Mathistad 1-35H commenced [...]

Oriental Minerals Inc. is pleased to announce the grant of three uranium exploration and mining licenses known as Daejeon 80 (Reg. No. 77073), Geumsan 81 (Reg. No. 77072) and Goisan 116 (Reg. No. 77074) in the Ogcheon region of South Korea.
These are the second set of uranium licenses granted to a foreign company in South [...]

Oromin Explorations Ltd. is pleased to announce the receipt of an independent report (the “Santa Rosa Evaluation”) from Aeon Exploration Inc. of Calgary, Alberta (”Aeon”) that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in [...]

Golden Share Mining Corporation is pleased to provide an update on its on-going exploration programs.
The Company is advancing four projects and intends to execute three drill programs before the end of the year. Golden Share is sufficiently funded to achieve this objective and adequate field personnel are available. A diamond drilling contract has been awarded [...]

The Board of Directors of Uranium International Corp. has appointed Marek J. Kreczmer as the President/Chief Executive Officer and a member of the Board of Directors of Uranium International effective as of July 9, 2008.
Mr. Kreczmer, M.Sc., P.Eng., has been a geologist and mining executive for more than 30 years. He has worked for major [...]

As a result of the recently announced iron ore settlements between major Asia-Pacific iron ore producers and consumers, as well as the rising price of hot band steel, Cleveland-Cliffs Inc (NYSE: CLF) today updated its 2008 iron ore revenue and cost-per-ton guidance. In addition, the Company provided commentary on expected pricing for its North American [...]

Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, today announced that the regional government council of the Autonomous Region of the Southern Atlantic (”RAAS”) voted to approve the Company’s offshore Nicaraguan exploration and development contracts on July 4, 2008.
“This represents the achievement of a critical objective in our quest [...]

State-owned Saudi Arabian Mining Company (Maaden) yesterday launched an initial public offering to raise 9.25 billion riyals ($2.47bn) in the Middle East’s biggest mining IPO, valuing the firm at $4.9bn.
Maaden plans to sell 462.5 million of stock - equivalent to 50 per cent of its share capital - at 20 riyals each with subscriptions closing [...]

Quest Minerals & Mining Corp., announced today that its Pond Creek Location is ready to commence coal production operations pending the issuance of final directional engineering reports “spats” by its internal engineering firm, Alchemy Engineering. Management expects said reports to be issued by July 9, 2008 and plans to update the public with production numbers [...]