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 [...]

TidalWave Holdings, Inc. announced that the company has signed a binding letter of intent to acquire the New York-based commodities trading firm, NYMET Industrial Solutions, Inc. NYMET’s founders have more than 25 years, ‘NYMET has developed an extensive presence in South America mining sector and several other emerging countries which has resulted in securing several [...]

The Timken Company announced that metals and mining company, Companhia Vale do Rio Doce (Vale), awarded Timken with a contract for 600 Timken® AP-2™ rail-car bearings. The bearings are for Vale’s Class K freight cars, which are used to transport iron ore from Vale’s mine sites across South America for export into China.
Designed to reduce [...]

Manas Petroleum Corp., a Baar, Switzerland based company, today announces its wholly owned subsidiary, DWM Petroleum AG, has signed a Production Sharing Contract (PSC) for Blocks 2 and 3 in Albania. The blocks cover approximately 3,400 km2 (approximately 850,000 acres). The Albanian government was represented by Mr. Genc Ruli the Minister of Economy, Trade and [...]

Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine.
Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the [...]

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, [...]

vMonitor, Inc. announces early results of its Aggressive Growth Strategy in oil and gas wireless automation and field optimization solutions.
vMonitor Director Tom Bates, former Managing Director at Lime Rock Partners and former CEO of Weatherford Interra, describes the Company’s strategy as follows: “vMonitor has succeeded in developing the broadest, most comprehensive of wireless oil and [...]

Bandolac Mining Company, Limited announced it had formally changed its name and will conduct business under the name “Schyan Exploration Inc./Exploration Schyan Inc.”.
The Company also confirmed Mitchell E. Lavery has been appointed by the Board of Directors to serve as President. Mr. Lavery, a registered professional Geologist in the Province of Quebec, is a self [...]

Golden Star Resources Ltd. (AMEX: GSS - News) (TSX: GSC - News) (GSE: GSR) is pleased to announce that it was recently awarded a prestigious Nedbank Capital Green Mining award in recognition of the creation of and continuing efforts on the Golden Star Oil Palm Plantation project (GSOPP). We are the first non-South African company [...]

Rio Tinto Alcan will be the title sponsor of Montreal’s new BIXI self-service bicycle rental system, supplying funding for the project as well as aluminium for the construction of the bicycles. BIXI will be offered to the public as of April 2009, with 2,400 bikes available at a network of 300 stations covering central Montreal.
“It’s [...]