Standard and Poor’s changed its Outlook from stable to negative for the Russian mining and metals giant OAO GMK Norilsk Nickel, with reference to the “especially very depressed nickel prices.”
Nevertheless, S and P analysts Elena Anankina and Alex Herbert confirmed Norilsk’s’ BBB-”long-term corporate credit rating and the Russian national scale rating ‘ruAA +’.
Analysts noted the [...]
That Was The Week That Was … In Canada
By Our Canadian Correspondent
Minews. Now over to our Canadian correspondent for a look at how the Canadian markets performed during the previous week.
CC. Tax loss selling seemed to be the story of the week on the Canadian markets, with the gloomy economic outlook prompting investors to move [...]
DENVER — Apollo Gold Corporation announces that it has prepaid U.S. $ 1952000 of U.S. $ 4789000 remaining balance of the under facilities agreement with RMB Australia Holdings Limited ( “RMB”) of the proceeds of unwinding of its hedge position more fully described below.
On 12 October 2007, Apollo entered into U.S. $ 8000000 facility agreement [...]
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 [...]
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 [...]
LONDON, listed Mexican silver miner Fresnillo PLC (FRES.LN) Thursday warned investors against the impact of rising costs and volatile metal prices as it reported an increase of 4% silver production for the third quarter.
The outlook for the mining industry remains a challenge. Increased inflation and pressure on inputs and energy costs expected to impact profitability [...]
CALGARY, Gemini Explorations, Inc. announced today that it is in discussions to joint venture and develop Tapati The gold mine. Meetings were held in Canada and Colombia with senior geological staff and management of Minera PRIMECAP geological services involved. Geological staff of both companies will work on the site of the Tapati Gemini and provide [...]
Gjoa models on the ground in the North Sea have been installed and are ready to start drilling in mid November.
“During September we completed the most comprehensive maritime operations this year,” said Ole J Nordahl, head of marine operations in the Gjoa project. “Four templates and a satellite have been installed on the seabed.
Offshore operations [...]
ALBUQUERQUE, NM - Santa Fe Gold Corp, a US-based exploration and mining company focused on gold, silver, copper and industrial minerals, announced today that Construction is on track to its summit mines and processing facilities in south-west New Mexico and the treatment of silver-gold ore is expected to commence the first quarter of 2009. In [...]
In the early days of “oil” exploration, more oil finds are the result of digging or drilling near known oil and gas escapes, or accidentally found during drilling for water.
Drilling for oil was invented by the Chinese if they were looking for “salt” at the time, they came through the “oil”.
In 347 AD oil wells [...]