Oil fell more than $ 1 to below $ 40 a barrel on Monday, dragged down by widespread evidence of deepening global recession is to reduce energy consumption.
The decline came despite news that Saudi Arabia is planning to cut output at the bottom of the target agreed upon, and the disruption of gas supply in [...]
Mining Exploration News:(Drilling)
CARLISLE - A company that collects wastewater from natural gas companies drilling in the Fayetteville Shale has been ordered by environmental regulators to stop.
Arkansas Department of Environmental Quality issued an emergency order from Fayetteville Shale Land Farms, near Carlisle after an inspection found liquid - a mixture of water and sediment of the [...]
Mining Exploration News:(Gold Mining Exploration)
Vancouver, British Columbia, Riverside Resources Inc. is pleased to report results from three new targets in the 350 square km Penoles concessions, located in the Penoles Mining District, Durango, Mexico. Concessions that have diverse types of deposits, including Jesus Maria Pb-Zn-Cu system of blood vessels, San Rafael Ag vein system and [...]
Mining Exploration News:(Oil Prices)
Oil prices fall below $ 45 a barrel Friday in reaction to news that the $ 14 billion emergency bailout for U.S. automakers have collapsed in the Senate, increasing fears for the U.S. economy.
The decline came after a strong rally in the previous session, and traders said expectations of significant production cut [...]
Mining Exploration News:(Crude Oil)
Crude oil fell below $ 45 a barrel after the U.S. Senate rejected a bailout plan for the automakers, increasing concerns that the long recession will cut demand for fuel.
The failure of the $ 14 billion rescue package to increase the risk of General Motors Corp. and Chrysler LLC will file for [...]
Mining Exploration News:(Gold Mining Exploration)
Markham, ON, John Browne, President of Transoft Technologies, is pleased to announce the acquisition of Wellington Mining Project, from Produelec SA, Ecuador, which is located in South America .
Wellington Mining Project, which consists of alluvial gold mining plant in 3 mining concessions to hard rock deposits contain interesting and the value [...]
Mining Exploration News:(Gold Mining Exploration)
Toronto, Ontario , Avion Resources Corp, today announced results from a series of technical studies and to complete the scoping study, mining strategy to restart production at all Tabakoto and gold projects in Mali (West Africa). Important research include:
- Counts and indicates the resources estimate around 4338000 tons grading 3.50 g [...]
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 [...]
Mining Exploration News:(Oil Prices)
LONDON , The price of oil fell on Friday after surging 10 percent the previous day when Russia said that they will join in the possibility of OPEC cutting production of crude oil.
Light sweet crude oil for January delivery fell 90 cents to 47.08 dollars a barrel on the New York mercantile [...]
Mining Exploration News:(Crude Oil)
Canada’s currency fell for the first time in three days after the U.S. Senate blocked a bailout for General Motors Corp. and Chrysler LLC, the United States pushing the currency higher and crude oil back below $ 45 a barrel.
“News about the U.S. carmakers have increased the level of risk hatred in [...]