The Mexican mining industry faces a new threat from drug cartels. According to the Mexico Mining Chamber some mining firms engaged in exploration in remote areas have shuttered some projects due to the rising costs of security. The isolated mountain regions in Mexico are where drug traffickers grow marijuana and heroin poppies.
Australian oil and gas exploration and production company Santos Ltd (ASX:STO) is on a mission to raise money. After a sale of 700 million Euros worth of hybrid notes last month it has priced an additional 300 million Euros worth of notes this month.
The Board of Guinness Exploration Inc., (OTC Bulletin Board: GNXP), announced today two significant agreements which set the stage for funding development of the Charlotte Project (formerly named the "Nantawa Project") in the Mount Nansen area of the Whitehorse Mining Division, of the Yukon Territory.
Lake Shore Gold Corp. (TSX:LSG) and Hochschild Mining plc (LSE:HOC) today announced that they have entered into an agreement with RBC Capital Markets, BMO Capital Markets and CIBC World Markets through which the Syndicate will purchase 109,000,000 of the common shares of Lake Shore Gold held by Hochschild, on a bought deal basis, at a price of C$3.60 per share for sale to the public.
ION Geophysical Corporation (NYSE: IO) today announced that it has acquired 6,500 km of regional seismic data for sponsoring E&P clients in the Danmarkshavn basin offshore Northeast Greenland, adding to the 5,300 km of data the company acquired there last season.
The U.S. Department of Labor's Mine Safety and Health Administration today announced the release of a proposed rule on lowering miners' exposure to respirable coal dust in all underground and surface coal mines. The proposed rule is the latest element of MSHA's "End Black Lung – Act Now" campaign.
Oil States International, Inc. (NYSE:OIS) announced today that its Board of Directors has unanimously approved a transaction under which Oil States will acquire all of the ordinary shares of The MAC Services Group Limited (ASX:MSL), a leading provider of remote accommodations for the natural resources industry in Australia.
Timmins Gold (TSX VENTURE:TMM) has announced preliminary production statistics for its second quarter of commercial production ended September 30, 2010 from its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico.
Rochester Resources Ltd. (TSX VENTURE:RCT)(FRANKFURT:R5I) has announced the results of its diamond drill program being carried out at the Mina Real Property, Nayarit State, Mexico. Assays have been received for holes BDD TC 01-10, TC 02-10 and TC 03-10, drilled at the Tajos Cuates Vein.
Ensurge, Inc. (OTC Bulletin Board: ESGI) announces the preliminary agreement with Mineracao Nova Esperanca, a Brazilian based gold mine company.
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