Effective July 1, 2012, companies and individuals will pay double the value of the corresponding assessment work requirement for Payment Instead of Exploration and Development (PIED). The previous rates were equivalent to the value of exploration and development work. These changes will impact decisions companies and individuals make as there is a risk of forfeiture if assessment work is not completed on time and companies are not able to come up with the additional money to pay the fees. This can be a serious problem since forfeiture makes it possible for other companies and individuals to acquire the mineral tenure.
AMERICAN VANADIUM CORP. (TSX.V: AVC) (OTCQX: AVCVF) announces that the Company is engineering its process to include the production of higher valued vanadium products for the premium chemical and titanium alloying industries without increasing capital or operating costs. This decision is based on recent laboratory testing demonstrating the ability to produce high purity vanadium at its Gibellini Project located in Nevada.
Noble Corporation (NYSE: NE) today announced that the Company has entered into a three-year term drilling contract with Anadarko Petroleum Corporation (NYSE: APC) for the Noble Bob Douglas, one of Noble's new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. shipyard in Ulsan, South Korea. The drillship, which is being constructed on a fixed price basis, is expected to be utilized for operations primarily in the U.S. Gulf of Mexico.
Green Field Energy Services, Inc. (CUSIP: 39304KAA4), announces the deployment of a second turbine-driven hydraulic fracturing spread for Shell in the Eagle Ford Shale, marking the 3rd fracturing spread in operation, with a total of 118,000 hydraulic horsepower (HHP) of Turbine-Driven Frac Pumps.
Planetary Resources, Inc., the asteroid mining company, announced today an agreement with Virgin Galactic, LLC that will enable multiple launch opportunities for its series of spacecraft, including the Arkyd-100 low-Earth orbit (LEO) space telescopes.
GTSO Resources, a wholly owned mining subsidiary of Green Technology Solutions, Inc., announced today that it has opened talks with a potential urban mining target with operations in Chile through a consulting partner with offices within the country and in Canada.
Corporation Scientifique Claisse, in collaboration with the Canadian Mineral Analysts Association, will host the 44th annual CMA Conference and Exhibition, Sunday September 9th through Thursday September 13th, 2012 at Loews Hotel Le Concorde located in the historic Old Québec district.
US Seismic Systems, Inc., an Acorn Energy, Inc. company announced today it has built and shipped the world's largest commercial high temperature down-hole fiber-optic seismic array. The 40-level array is designed for monitoring wells that use the latest unconventional oil and gas extraction technique known as hydrofracking.
Mahdia Gold has declared that two further diamond drill rigs has been mobilized in order to complete 6500 m of twin and confirmatory drill program along the Wenot Trend, located in Guyana.
Given rising customer demand, Ensco plc has exercised one of two options for an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-9, will be the seventh Samsung DP3 drillship in the Ensco fleet, extending the benefits of Ensco's fleet standardization strategy. It will be built at the Samsung Heavy Industries, Co. Ltd. (SHI) Shipyard in South Korea, with delivery scheduled for the fourth quarter of 2014.
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