Mining Exploration News:(Oil Prices)
World oil consumption will be down for the first time in 30 years, officials from the U.S. Department of Energy said. The DOE and the World Bank to reveal the contradictory forecasts about the price of oil for 2009, which can make up to $ 51 or $ 75 per barrel. The [...]
MINNEAPOLIS, Wits Basin Precious Minerals Inc. announced today that London Mining Plc and Wits Basin have reached an escrow agreement which London mining lodging U.S. $ 5000000 for the benefit of parties’ joint venture for the purchase of Maanshan Xiaonanshan iron ore mine and Sudan Nanjing processing plant (collectively known as Xiaonanshan Mine) located in [...]
SUDBURY, ON, Houston Lake Mining Inc, an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to provide assay results of a portion of a recently completed stripping, washing and channel sampling on its Dogpaw Lake property. Dogpaw is one of eight contiguous property of the Corporation West Cedartree [...]
Durango, Colorado, Officials with Colorado Goldfields Inc., Denver-based mining company doing exploratory work in gold and Mughal king mining sites near Gladstone, say that drilling in the summer showed positive results.
John Ferguson, operations manager for Colorado Goldfields, said results continue to correlate “very well” with historical documents, with more than half the season completed drilling.
Last [...]
The Vietnam Oil and Gas Group (PVN) is negotiating with BP of Britain and Shell in the U.S. to import crude oil to the refinery in Dung Quat, which should begin operation in February the next year.
PVN has said it intends to import oil to meet 30% asked Dung Quat oil estimated at 3.5 million [...]
The South African government announced its intention to resurrect a mining company that is owned by the state but has been dormant for about 60 years.
African exploration, Finance and Mines Corporation, which is under the control of the operator Petrosa Central Energy Fund (CEF) does not have a portfolio of the industry at present.
However, Deputy [...]
Bloomberg, The following companies have had little price trends in trade. Stock symbols are in parentheses, and share prices are as of 11:08 am in Toronto.
The Standard & Poor’s / TSX Composite Index fell 0.6 percent to 9997.74 after more than 3.3 percent earlier.
Gold mining companies fell as metal prices fell after three days of [...]
Cowan, MD, Inc. has announced the sale and delivery of 15 new Super Single ® drilling several new and existing customers.
MD Cowan has contracted with Chesapeake subsidiary Gene D. Yost & Son for four new platforms. The platforms will be a design change Cowan popular platforms Super unique, and will include several new features tailored [...]
LAS VEGAS, NV- Elray Resources, Inc , a technique based gold and precious minerals exploration, is pleased to report to shareholders on the results at its Porphyry Creek project in Cambodia.
Elray resources Porphyry Creek Project is a project of land located about 290 km north of Phnom Penh in an area regarded as having the [...]
Crude oil prices gained early Tuesday to more than $ 91 a barrel on the New York Mercantile Exchange as a safe investment clear that stocks tumbling.
People are very much in near panic and everyone wants to keep the money in cash, Bill O’Neill, analyst at Logic Advisors said the Wall Street Journal.
Crude oil prices [...]