FX Energy, Inc. (Nasdaq: FXEN) today reported that the Company will begin a new 2D seismic acquisition program during the fourth quarter 2010. The program is planned to identify drill sites in the Company's 640,000 acre Warsaw South concession. A total of 273 kilometers of seismic will be acquired under a recently signed contract with Geofizyka Torun.
The Hungarian Government is taking control of the MAL Hungarian Aluminium Production and Trade Company. The alumina plant which released a devastating tide of toxic sludge has been responsible for the Parliament approving a bill which would allow the government to take control of private companies in disaster situations.
Energy Resources of Australia (ASX:ERA) has downgraded its 2010 production guidance as it said that the uranium ore grade was lower than expected. This is the second time it has downgraded its annual production guidance this year.
Canadian explorer Rugby Mining (TSX:RUG) is to acquire up to 60% interest in the Comita porphyry copper gold project in Colombia. The company is entering into an agreement with Rio Tinto, which currently owns the project.
India is looking abroad to secure its uranium supply by acquiring mines outside the country. With nuclear energy emerging as viable option which could help meets the growing needs of energy for the world it was important for India to be prepared.
The Rio Tinto and BHP Billiton iron ore joint venture in the Pilbara region is still a live issue despite recent claims that Rio Tinto is poised to abandon the project.
Beaconsfield Gold and Bendigo Mining's merger is in doubt after a potential loan default has come to light. In July the companies had agreed to a potential merger which would reduce risks and enhance growth prospects for both companies.
Fortescue Metals Group (ASX:FMG) has managed to line up a $2.06 billion bank loan facility to help its expansion plans. Shares in the third largest iron ore miner in Australia closed at a high of $6.25, up 7.76% after the announcement on Monday.
Conway Resources Inc. (TSX-V: CWY) has announced the start of geophysical work on an unexplored portion of the Belleterre Mine property located west of highway 382. This work will consist of ground magnetometry, Very Low Frequency and Induced Polarization surveys on 31 line-km of grid. The surveys will be conducted by the Quebec City firm Geosig.
Kiska Metals Corporation reports that the Company has agreed to sell its Mexican subsidiary, M inera Geoinformatica, to Evrim Metals Corporation. Minera Geoinformatica holds all nine of Kiska's Mexican properties and a geological database for Mexico and parts of the southern United States.
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.