Aldridge Minerals Inc.announced today that it plans to exit Papua New Guinea ("PNG") following receipt of a formal notice from the Registrar of Tenements in PNG that the Company's licence renewal application for its non-core Kili Teke property was denied.
Klondike Silver Corp. is pleased to announce an update of exploration and bulk testing activities at its Silvana Mine located at the historic mining town of Sandon in SE British Columbia. The Company's 100% owned 120 ton per day mill has been operating 10 hour shifts for 7 days a week resulting in the processing of approximately 40 tons of material per day.
GTSO Resources, a wholly owned mining subsidiary of Green Technology Solutions, Inc., announced today that it has opened talks with a potential urban mining target with operations in Chile through a consulting partner with offices within the country and in Canada.
FMC Technologies, Inc. announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Gullfaks South field development. The contract has an estimated value of $200 million in revenue to FMC Technologies.
Corporation Scientifique Claisse, in collaboration with the Canadian Mineral Analysts Association, will host the 44th annual CMA Conference and Exhibition, Sunday September 9th through Thursday September 13th, 2012 at Loews Hotel Le Concorde located in the historic Old Québec district.
The Brazilian government has no plans to intervene directly in the mining sector via a state company or to nationalize mineral deposits that might be deemed strategic to national interest, a senior government official in an exclusive interview published Wednesday by Brasil Mineral, the country's leading trade magazine for the sector.
Orca Exploration Group Inc. announces the successful completion of its SS-11 development well in Tanzania, provides an update on the Company's operations and announces a bridge loan facility.
To obtain a stake in the Gulf of Mexico Lucius project, Anadarko Petroleum has made a deal with an undisclosed entity, according to which Anadarko’s investment of 556 million dollars, which would cover the entire capital requirement up to the initial production of the Lucius project, will obtain for Anadarko a 7.2% working interest in the development and retain a 27.8% working interest when Anadarko continues as a operator.
Markel Corporation announced today that Ellicott Dredge Enterprises, LLC (Ellicott), through its subsidiary Rohr International Dredge Holdings, Inc., acquired IDRECO GmbH (IDRECO), which is based in Heerenberg, The Netherlands. IDRECO is a leader in deep digging electrical suction and cutter suction dredges serving primarily the sand and gravel and mining sectors. Ellicott is a subsidiary of Markel Ventures, Inc. Terms of the transaction were not disclosed.
Mountain Province Diamonds Inc. is pleased to announced a 78.5 percent increase in the volume estimate of the Tuzo kimberlite pipe at the Gahcho Kué JV with De Beers Canada Inc. ("De Beers"). The Tuzo Deep volume estimate is based on the pierce points from five inclined drill holes completed in April, 2012, as well as two pierce points from earlier drilling.
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