Oil prices climbed back above 100 dollars on Wednesday as OPEC ministers began a vital meeting at which they were widely expected to hold current output levels despite calls from the West for a hike, traders said.
New York’s main contract, light sweet crude for delivery in April, was up one dollare to 100.52 dollars per […]
Silver mining company Coeur d’Alene Mines Corp. said Tuesday it named Mitchell J. Krebs as chief financial officer.
Krebs, currently senior vice president for corporate development, will replace James A. Sabala, who will resign effective March 21 to pursue other opportunities, the company said.
Northern Mining reported encouraging nickel drilling results from the recently completed RC drilling programme on E25/268 at Blair North, 30km southeast of Kalgoorlie, WA. Nickel values intersected were up to 1.44% in BNRC 012. Significant intersections include: BNRC012 - 14m downhole (from 34m to 48m) @ 0.94% Ni (Laterite); and BNRC007 - 1m downhole (from […]
Export duties being imposed on mining companies by Argentina’s government will not affect exploration or investment in the country, the country’s top mining official told reporters on Monday.
Mining Secretary Jorge Mayoral also said that legal actions against the tax by mining giants Rio Tinto, Xtrata and other companies were unlikely to proceed to international courts.
Mayoral […]
Petro-Canada is reporting oil and gas discoveries at two exploration wells: one in the U.K. sector of the North Sea and one in deep water off Trinidad and Tobago.
In Trinidad and Tobago, the Cassra-1 well in deep-water Block 22 was completed as a significant natural gas discovery. Petro-Canada operates the well and holds a […]
A uranium mining company says the sharemarket uncertainty could affect future investment in exploration in the Northern Territory.
Toro Energy says it’s not feeling the impact of the current crisis as a company because the price for uranium is holding firm and it has money for current projects.
But the company’s managing director Greg Hall says it […]
As buyers continue to be reluctant to commit to purchases, uranium spot prices dipped again last week – down US$3 to US$120 per pound, according to TradeTech’s indicator.
Customers are expecting further downward price movement due to the current supply overhang, the firm said in the Aug. 3 issue of Nuclear Market Review.
The U.S. Department […]
Whiting Petroleum Corp. said Tuesday it netted $193.9 million from a public offering of 5 million shares.
The Denver oil and gas company sold the stock at $40.50 a share. Whiting used the net proceeds to repay a portion of its debt.
Whiting granted the underwriters an option to buy another 750,000 shares at the same […]
China’s Yanzhou Coal Mining Co. Ltd. has agreed to sell 200,000 tonnes of thermal coal to Japanese utilities at $75 per tonne FOB, a 15 pct rise on 2006 prices but a fraction of the volume sold last year, a source familiar with the deal said on Thursday.
Yanzhou exported around four million tonnes to Japan […]
Singapore-listed Noble Group increased its stake in Australian coal miner Gloucester Coal Ltd. to 10.4 percent, the Australian company said Wednesday.
Noble Group announced late Tuesday in an announcement to the Singapore Exchange it had purchased a further 4.3 million shares of the Sydney-based company to raise its holding. Noble Group said it now holds 8.2 […]