Sasol Petroleum Sofala, a wholly owned subsidiary of Sasol Petroleum International, has completed its first exploration well, Njika-1, in Block 16/19 in Mozambique. The well is located in waters at a depth of 460 meters and was drilled to a total depth of 1615 meters. The well accessed the predicted targets and measurements indicate the [...]

Veraz Petroleum Ltd. announce that it has partnered with Petrominerales Ltd., a 76% owned subsidiary of Petrobank Energy and Resources Ltd., a Colombian based exploration and development company to jointly explore the concession on which Veraz is currently conducting activities in the Ucayali Basin of east central Peru (”Block 126″).
Under the transaction, Petrominerales will pay [...]

The Fort Hills Energy L. P. announced that it will defer the final investment decision on the mining portion of the Project until a cost estimate consistent with the current market environment can be established. The Partnership now anticipates making a final investment decision in 2009. The Sturgeon Upgrader portion of the Project will be [...]

Gray Creek Mining Inc. announces that effective November 10, 2008, it has acquired from Budget Waste Inc., a Nevada corporation its wholly owned subsidiary, Budget Waste Inc., an Alberta corporation, which holds and controls 100% of BWI’s assets and business operations, for approximately 52% of the outstanding shares of common stock of Gray Creek in [...]

Sherwood Copper Corporation announced that it and its wholly owned subsidiaries, Minto Explorations Ltd. and Kutcho Copper Corp., have entered into a letter of intent with Silverstone Resources Corp. whereby Silverstone will purchase, subject to certain terms and conditions, all of the payable gold and silver from the Minto Mine in the Yukon, over [...]

Beacon Energy Corporation a wholly owned subsidiary of Beacon Redevelopment Industrial Corporation announced today that it has entered negotiations to acquire a 950 acre track of property with coal mining rights/reserves in Pennsylvania.
The company is very confident that current negotiations will result in the successful execution of a purchase agreement immediately with a closing to [...]

U3O8 Corp., a Canadian uranium exploration company, regrets to report that an aircraft that was undertaking a geophysical survey for Prometheus Resources Limited, a wholly owned subsidiary of U3O8 Corp., has been reported missing with three people on board in Guyana. The last communication from the aircraft was on the afternoon of Saturday, November 1, [...]

Anglo Ferrous Brazil S.A., formerly known as IronX Mineracao S.A. (BOVESPA: IRON3), informs its shareholders that Anglo American Participacoes em Mineracao Ltda. (the “Offeror”), a wholly owned subsidiary of Anglo American plc, announced today that it has commenced a tender offer to purchase any and all of the outstanding common shares, no par value (including [...]

Canadian Superior Energy Inc. announced that Canadian Superior, along with its partners, BG International Limited, a wholly owned subsidiary of the BG Group plc and Challenger Energy Corp. , have successfully run and cemented in place the 9-7/8″ intermediate casing string in the “Endeavour” well, to a depth of approximately 14,492 feet subsea, and that [...]

Zinc producer Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp., announced it has broken ground at a site in Barnwell County, South Carolina, where it will build a zinc recycling facility. The announcement came at a ceremony celebrating the groundbreaking in Barnwell County.
Horsehead is constructing a recycling facility to process electric arc furnace [...]