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FracRock Enters Three-Year Agreement for Eco-Friendly Mining Technologies

FracRock International has declared that it has entered into a three year agreement with a prominent E&P operator in the Argentina-based Neuquen basin.

6 Sep 2012

Victoria Gold Completes Draft Screening Report for Eagle Gold Project

Victoria Gold, an emerging producer of gold, has declared that the Yukon Environmental and Socio-Economic Assessment Board (YESAB) has completed the draft screening report for the Eagle gold project, located in Central Yukon.

5 Sep 2012

Balex Delta Pollution Response Operation was Successfully Conducted in Baltic Sea Area near Finland

On 28 and 29 of August, a mock pollution response operation, Balex Delta, was conducted in the Baltic Sea by the countries along the sea. The region chosen to carry out this operation was the sea area near Helsinki in Finland.

5 Sep 2012

Cub Energy Completes Natural Gas Testing Operations at Makeevskoye-20 Well

Cub Energy has announced that testing for gas has been completed at the Makeevskoye-20 (M-20) well at a rate of 5.3 MMcf per day. The well is located in Ukraine.

4 Sep 2012

Shell Petroleum Assigns 30% Interest in Nigerian OML

On 31 August 2012, Royal Dutch Shell’s subsidiary Shell Petroleum Development Company of Nigeria (SPDC) sold 30% interest in oil mining lease (OML) 40 to Elcrest Exploration and Production Nigeria. OML is located in the Niger Delta. SPDC has received approximately US$102 million as total cash proceeds through this deal.

3 Sep 2012

ESCO Acquires Texas-based Ulterra Drilling Technologies

ESCO, a company that designs and produces highly engineered wear products for use in aerospace, industrial, infrastructure, mining and power generation industries, declared that it has acquired Ulterra Drilling Technologies’ equity interests for $325 million.

3 Sep 2012

Nautilus Minerals Clarifies Statements Related to Solwara 1 Project

Nautilus Minerals has cleared certain statements and press coverage related to its Solwara 1 Project. The firm stated once again that the State of Papua New Guinea had granted the Mining Lease back in January 2011. Contrary to the information which was reported in several news articles, this grant is not the latest development.

30 Aug 2012

Energizer Resources Receives Additional Assays from Molo Deposit Resource Drilling Program

Energizer Resources has obtained further assay results from the National Instrument (NI) 43-101 graphite resource drilling campaign carried out recently at the Molo deposit. Currently, the company is strategically placed to define the potential size and borders of the deposit, including its tonnage and grade.

From NextSource Materials Inc 30 Aug 2012

Metallum Resources Declares Postponement of Exploration at Chubut Province

Metallum Resources has declared that it will be postponing exploration works on its Chubut Province, Argentina-based M-18 gold property, till the final conditions of the new mining legislation, which is at present being reviewed by Chubut’s provincial legislature, is decided.

From Metallum Resources Inc. 30 Aug 2012

Platts Releases China Steel + Iron Ore Reserves Map for 2012

Platts, a provider of metals, petrochemicals and global energy information, has announced that the Platts SBB China Top 100 Steel Making Companies & Iron Ore Reserves Map edition for this year has been released. This map provides a comprehensive snapshot of the steel industry as of 2011 end and offers an update on the top 100 firms.

27 Aug 2012