Seadrill is pleased to report the delivery of the ultra-deepwater drillship West Polaris from Samsung Heavy Industries. The drillship will leave Korean waters tomorrow after completing fuelling and some general mobilisation activities en route to its first drilling assignment for Exxon in Brazil. West Polaris was delivered 10 days after original contract schedule with a [...]

Australian nickel mining company, Albidon has discovered exciting drill results at its Sunnyside project, the company has announced.
Believed to be the most substantial nickel sulphide intersections in Botswana outside the Selebi-Phikwe and Tati nickel mining districts, the intersections include 8.6m@1.21 percent nickel, 0.30 percent copper within an intersection of 18.6 metres with grades ranging [...]

Channel Resources Ltd. reports that, based on target area dimensions and trends outlined by airborne magnetic and spectrometer survey data, the Company has extended the West Bienville Uranium Project license area in northern Quebec from 220 claims (108.2 km2) to 288 claims (141.7 km2). The south-easterly extension of the property follows a trend of uranium [...]

FOURTEEN prospective Pilbara iron ore miners have formed a fledgling alliance to fight for access to critical transport infrastructure in the region, including the massive port and rail networks of mining giants BHP Billiton and Rio Tinto.
The so-called Pilbara Iron Ore Alliance will aim to present a united front to lobby for infrastructure access and [...]

Polaris Geothermal Inc., a renewable energy geothermal power producer, is pleased to announce that its subsidiary, Polaris Energy Nicaragua (”PENSA”), has entered into well drilling contracts for the drilling of production and re-injection wells to triple its generation capacity at the San Jacinto geothermal field in Nicaragua.
The first of the contracts was entered into with [...]

DECLINES in the price of copper early in 2007 will lead to downgrades in earnings forecasts for miners of the metal but the market is fairly confident it will regain its lustre.
Record copper prices helped the world’s biggest miner, BHP Billiton, shatter its own Australian annual net profit record in August with earnings of $US10.45 [...]

Western Australia’s iron ore boom is set to roll on, with fresh predictions that prices will rise again next year as yet another international steel producer joins the rush for WA iron ore assets ahead of a State visit by officials from one of Russia’s biggest iron and steel groups.
Addressing shareholders of African iron [...]

U.S. Energy Corp. and Crested Corp. , d/b/a USECC, today announced the signing of a Letter Agreement with Kobex Resources Ltd. (TSX Venture Exchange: KBX.V - News) whereby Kobex can acquire a 50% interest in the Companies’ Lucky Jack (formerly known as Mt. Emmons) molybdenum deposit in west-central Colorado (the “Project”).
On October 6, 2006, U.S. [...]

A junior mining exploration company plans to compete with the big players after buying a $5.5 million iron ore portfolio.
Under the deal, Polaris Metals will acquire Heron’s Western Australian iron ore project.
It consists of 50 tenements covering 4,000 square kilometres, including the Poondano project about 25 kilometres from Port Hedland in north-west WA.