Global demand for molybdenum bounced back from the impact of the global economic downturn, growing by just over 11% in 2010 and a further 9% in 2011 according to a new report from Roskill. China now accounts for around 31% of global molybdenum demand and its growth rates continue to outpace those in other countries.
Riverstone Resources has reported the results of 38 holes, totaling 10 reverse circulation (RC) and 28 diamond core (DD), drilled at the company’s Kao Deposit.
Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) reports significant drill hole assay results from the 2011 Ketza River diamond drilling program.
The Company's 100% owned Ketza River Project i...
Industrial employment in North Dakota shot up 15.8% over the past twelve months according to the 2013 North Dakota Manufacturers Register, an industrial directory published annually by Manufacturers' News, Inc. (MNI) Evanston, IL. MNI reports North Dakota gained 5,899 industrial jobs between May 2011 and May 2012, with employment in the oil and gas extraction sector more than doubling in response to the Bakken Shale oil boom.
Fire River Gold Corp.today announced it has entered into an amendment agreement dated June 22, 2012 (the "Amendment Agreement") with Waterton Global Value, L.P. ("Waterton") pursuant to which it has amended the terms of the Senior Secured Gold Stream Credit Agreement dated March 30, 2012 (the "Credit Facility") between the Company and Waterton.
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes left the Port of Beira today, bound for an Indian steel mill.
Magal Security Systems Ltd. today announced that it has received two orders totaling $3.4 million to supply PIDS (Perimeter Intrusion Detection System) products for a large oil company based in Latin America. Delivery is expected during the third quarter of this year.
Synergy Resources Corporation, a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today announced the completion of its mid-year reserve analysis. The evaluation was prepared with an effective date of February 29, 2012, and reflects development activity during the first six months of the fiscal year. As of February 29, 2012, the Company had estimated proved reserves of 3.492 million barrels of oil and 23.798 billion cubic feet of gas. The estimated present value before tax (discounted at 10%) is $122.576 million. Compared to the annual reserve report prepared at August 31, 2011, quantities increased by 68% and value increased by 71%.
Klondike Silver Corp. has been rewarded with silver, lead, zinc production resulting from its exploration and development work on the Hinkley Mine which lies just one mile from the Company's 100 ton per day Sandon Mi...
Ireland Inc. today reported it has recently completed the installation of the gravity concentration circuit at its Columbus Project in Esmeralda County, Nevada. The pilot plant is now capable of both producing and leaching concentrates from the sand material that is located in the northwest section of the Columbus Project Property.