Exxon Mobil Corporation announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Türkiye Petrolleri Anonim Ortakl??? (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become operator during the initial exploration phase and earn a [...]
Silvermet Inc. has entered into an Agreement to acquire Metoks Madencilik Metalurji Tasimacilik Sanayi ve Ticaret A.S. (”Metoks”), the owner of a Waelz kiln in Turkey that processes electric arc furnace dust (”EAFD”) to recover its zinc content. The purchase price is US $9 million. Silvermet will assume the Metoks liabilities of US $4.9 million [...]
TransAtlantic Petroleum Corp. announced today its intention to make an all cash takeover offer for all of the shares in Incremental Petroleum Limited. Incremental is publicly traded on the Australian Stock Exchange under the symbol “IPM.” Incremental is an oil and gas company with its main operations in Turkey and some additional properties in California, [...]
Nuinsco Resources Limited provided an update of ongoing activity at the Huston Lake/Marijane Lake uranium property. Huston Lake is part of a 50:50 joint venture with Temex Resources Corp. covering both the Marijane Lake and Huston Lake properties located in southeastern Manitoba and northwestern Ontario.
As previously announced, a 2,705 line-kilometre helicopter-borne magnetic and radiometric [...]
Fronteer Development Group Inc. announce it has elected to continue as majority owner (51%) and manager of Long Canyon through a participating joint venture with AuEx Ventures Inc. (”AuEx”) (49%). Fronteer has elected to not earn an additional 14% by sole funding the project through to completion of a feasibility study.
Fronteer and AuEx will share [...]
Fronteer Development Group Inc. announce that it has now earned a majority interest in Long Canyon, an important new gold project in northeastern Nevada.
Under the terms of the agreement with AuEx Ventures Inc., Fronteer has expended the required $5 million on exploration within a five-year period to vest a 51% interest in the project. AuEx [...]
Anatolia Minerals Development Limited announces construction is beginning on its Copler Gold Mine in Turkey.
Anatolia will begin mobilization of the main earthworks and civil works contractor immediately. Construction management is being provided by SNC Lavalin. The project schedule targets first gold pour in late 2009. Anatolia will then ramp up production throughout 2010 to [...]
Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex is increasing its stake in the Siribaya Gold Project, by acquiring an additional 5% carried interest for 2,000,000 common shares.
Increase in Siribaya Ownership
“Merrex is acquiring the outstanding 5% carried interest from our Mali Partner, Touba Mining” said President Gregory Isenor. “Merrex will [...]
Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel announced today that it and Aladdin Middle East have signed a drilling contract. Last week, Zion’s Chief Executive Officer, Richard Rinberg, and the President and Chief Operating Officer of Zion, Glen Perry, visited AME’s offices in Ankara, Turkey, in order to inspect AME’s rig [...]
Geovic Mining Corp. announced the appointment of Conrad B. Houser to the position of Senior Vice President, as well as President of Geovic Energy Co., a wholly-owned subsidiary.
Mr. Houser has more than 25 years experience in international mining activities, including project management, strategic planning, finance, administration, mine design, environmental permitting, compliance, and marketing. Additionally, as [...]
