SRA at Place MTZ mining complex on care and maintenance

TORONTO, ONTARIO, Strategic Resource Acquisition Corporation, announced it is opening a temporary custody and maintenance at its wholly owned subsidiary Mid-Tennessee zinc mining complex (MTZ).
The decision follows a thorough assessment of many scenarios and projections zinc prices that leave little support for continued operations under the current market price and credit environments. Since production began [...]

Travel and Grenville or announce the second amendment to the joint venture on the project Silveria

VANCOUVER, BRITISH COLUMBIA, Journey Resources Corp. and Grenville Gold Corporation are pleased to announce that, subject to regulatory approval, they concluded a second amendment the Joint Venture Agreement dated February 5, 2008, as amended on 17 March 2008, whereby Journey May to acquire a 75% interest in certain mining concessions comprising the Silveria, located in [...]

Slip in oil prices on demand for new concerns

NEW YORK, Oil prices fell Friday as the largest bank failure in the history of the nation and uncertainty about the fate of the $ 700 billion rescue has raised new concerns about of the economy.
As Wall Street awaits clarity from the date on which the relief should come from Washington and the economy continues [...]

Oil prices swing lower

LONDON (AFP) - Oil prices fell on Friday, reversing gains after recent hopes have been disappointed that Congress was about to pass a huge financial rescue package
New York’s main contract, light sweet crude for November delivery, dropped 2.41 dollars to 105.61 dollars a barrel.
London Brent from the North Sea crude for November shed two dollars [...]

Caliber end to the drilling of new dimension of the project or trend, Nevada

VANCOUVER, BRITISH COLUMBIA - New Dimension Resources Ltd indicates that Caliber Mining Corporation ( “Caliber”) has completed a four-hole drilling, 1524 meters ( “m”) diamond drilling new dimension to the wholly owned subsidiary of board or located in Nevada. The tests are pending and will be released when they are received and compiled by Caliber.
The [...]

Crude oil drops below $ 108

Crude oil fell Tuesday in November took over the front-month. Light sweet crude moved to $ 107.88, down $ 1.49 for the session. Prices are as low as $ 106.07 earlier in trading.
Traders expect the Ministry of Energy inventory report on Wednesday. Oil surged last Wednesday that the data showed a fourth weekly decline in [...]

Emmycast is boring, uninspired

It was boring, irrelevant and otherwise ham hands Emmy broadcasts the past 59. Sunday’s Emmycast was all these things. But “The 60th Primetime Emmys” also seems to be a tribute to the 100 days of the Hollywood writers’ strike last season, when the shows who were able to demonstrate that the television without saying that [...]

Zoro running Earn-In/Option mining agreement for the development of Escondida, Region III, Chile

VANCOUVER (Mobile) - Zoro Mining Corp. (OTCBB: ZORO) is pleased to announce that it has concluded an agreement with Michael H. Kobler potential joint venture project by Kobler stake in the Escondida Zoro precious metals project located south of the port city of Caldera, about 60 km from Copiapo in Chile Region III. The agreement [...]

Korean company joins copper and gold exploration in Sultan Kudarat

Davao City - A Korean company joined local investors in the exploration of a 4500-hectare mine site in the range Daguma in Kinayao, Bagumbayan, Sultan Kudarat.
Joseph C. Rudolf Lopez, operations manager of the company, said Fadicasu Mining Corp., a local company, and General Resources Co. Ltd. of South Korea was awarded a production sharing agreement [...]

Callon Petroleum Company reports no significant impact for facilities due to Hurricane Ike

Natchez, Mississippi- Callon Petroleum Company announced today the effect of Hurricane Ike’s main production facilities in the Gulf of Mexico.
All of the offshore drilling in deep water and production activities were suspended before the arrival of Hurricane Ike, and all employees and contract personnel were safely evacuated before the storm.
Medusa Field - Based on preliminary [...]