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Pioneer Drilling Announces Purchase of Go-Coil

Go-Coil has been acquired by Pioneer Drilling for around $110 million in cash payment. Coiled tubing services are offered by GO-Coil to production and exploration firms in the United States offshore and onshore oil and gas markets.

4 Jan 2012

International Lithium Mobilizes RC Drilling Rig to Mariana Project

International Lithium (ILC) has mobilized a reverse circulation (RC) drilling rig to the site for the future drilling campaign at the Mariana lithium brine project, northwestern Argentina.

26 Dec 2011

Guyana Frontier Mining Inks Drilling Contract for Marudi Mountain Gold Project

Guyana Frontier Mining has inked an agreement to drill at the Marudi Mountain gold project during 2012. This project is situated in southern Guyana of South America.

26 Dec 2011

Castle Resources Completes Rehabilitation of Haulage Tunnel at Granduc Copper Project

Castle Resources has completed the 17 km long haulage tunnel rehabilitation, which links the Granduc mine location and the haulage road that leads directly to the port facilities in Stewart, B.C.

23 Dec 2011

BHP Ditches Baffin Island Diamond Project

Diamonds are not forever, at least not for BHP Billiton. The mining giant has decided to sell its stake in one of two diamond mining operations it is involved with in Canada.

From BHP Billiton Plc 21 Dec 2011

Merc International Acquires Colomac Gold Mine

After Aboriginal Affairs and Northern Development Canada finished the clean up at the Colomac gold mine site, mining company Merc International has acquired the property. The mine was previously owned by Royal Oak Mines when it went bankrupt.

21 Dec 2011

Anglo American Looks to Sell Amapa Iron Ore Project

Anglo American is planning to sell its stake in the Amapa iron ore project in northern Brazil. It is considering selling its majority stake in the project so that it can concentrate on the development of its Minas - Rio project in the south of Brazil.

From Anglo American Plc 20 Dec 2011

Newcrest Cuts Gold Production Guidance

Newcrest Mining is seeing its share value plunge this week after the grades at three of its mines in Australia were revealed to be diminishing. The shares came down 85 cents to rest at $30.22 on Tuesday, rising to $31.65 at midday Wednesday (AEST).

From Newcrest Mining Limited 20 Dec 2011

Eldorado Gold to Acquire European Goldfields

Eldorado Gold is to buy European Goldfields in a cash-cum-shares deal worth Canadian $2.4 billion. Eldorado will acquire all of the issued and outstanding common shares of European Goldfields with an arrangement under the Yukon Business Corporations Act.

From Eldorado Gold Corporation 19 Dec 2011