The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange, announced that its wholly owned subsidiary, TAQA Bratani Limited (TAQA Bratani), has signed a sale and purchase agreement with Shell U.K. Limited and Esso Exploration and Production (UK) Limited (’the Vendors’) to purchase the equity pertaining to [...]

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 [...]

Samson Oil & Gas Limited (AMEX:SSN)(ASX:SSN) has been advised by some of its shareholders that its previous announcement concerning the grant of a five-year option to an officer for the purchase of 2,000,000 ordinary shares at a price of A$0.25 per ordinary share (the “Option”) may have been misinterpreted by US investors on account of [...]

Oroya Mining announced its farm in and JV partner in the Roe Hills Nickel Project, Vale Inco, a wholly owned subsidiary of Vale, has advised that approx 1,300m of diamond drilling is scheduled to commence on 10 July 2008. The Company reported ground EM (MLEM) has commenced at Roe 1 and north of Talc Lake [...]

Sentry Petroleum Ltd., a U.S. independent oil and gas exploration company, today announced that it has retained PAN Consultants Ltd., a New York-based investor relations firm, to serve as its investor relations counsel.
“Sentry has embarked on an ambitious oil and gas acquisition program in the commercially proven Adavale Basin in Queensland Australia, having assembled over [...]

ArcelorMittal, the world largest integrated metals and mining company, has acquired Astralloy Steel Products Inc. (“Astralloy”) a subsidiary of IMS International Metal Service. Astralloy operates three warehouses and employs 60 people in North America. Its 2007 revenues were USD 34 million.
About ArcelorMittal
ArcelorMittal is the world’s largest integrated metals and mining company, with over 310,000 employees [...]

ArcelorMittal today announces that it has increased its stake in Macarthur Coal Limited (ASX: MCC - News) from 14.9% to 19.9%, following the acquisition of a further 5 % stake (10,607,830 shares) from Talbot Group Holdings.
The shares were purchased at $ AUD 20, bringing ArcelorMittal’s total investment in Macarthur Coal to $ AUD 843 million. [...]

Conquest Mining announced that diamond drillhole HC08RCD391, located at the northern edge of the Silver Hill deposit, has intersected a 20m zone assaying at 8.49 g/t Au, 94 g/t Ag, and 2.3% Cu, substantially increasing the depth extent of high grade mineralisation. The zone is equivalent to 15 g/t Au at current prices, and included [...]

Shares of petroleum refiners hit new 52-week lows as the price of crude oil surged.
Valero Energy Corp., Tesoro Corp., Sunoco Inc., Holly Corp. and Frontier Oil Corp. all hit new lows in morning trading before regaining some ground.
Refiners’ margins have been squeezed by rising crude prices and falling demand for refined products such as gasoline [...]

Tri-Valley Corporation has exceeded 2,000 barrels of oil equivalent per day (BOED) rate with total field production recorded at 2,058.3 BOED from its 43 active producing wells on six California properties. This surpasses the original year end 2008 Company Plan of 2,000 BOED by more than six months.
“With tested productive capacity of individual wells now [...]