Abraxas Petroleum Corporation (NASDAQ:AXAS) today provided an operational update. Abraxas is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Mid-Continent, Permian Basin and Gulf Coast regions of the United States and in the province of Alberta, Canada.
London-based gold mining company Petropavlovsk Group (LSE: POG) is hoping to raise between US$366 to $500 million from an Initial Public Offering (IPO) on the Hong Kong stock exchange of IRC Ltd, the holding company of its non-precious metals division.
The troubles are far from over for Vedanta Resources as the Madras High Court asked for the shutdown of its Tuticorin smelter in a coastal area in the southern state of Tamil Nadu, India.
While local support for the minerals resource rent tax (MRRT) may not be forthcoming the International Monetary Fund has praised it.
Any plans for a proposed uranium mine at the Angela and Pamela deposits near Alice Springs have been knocked back by the Northern Territory government.
Ivanhoe Mines finally has something to be happy about at Oyu Tolgoi. The company has discovered a new mineralized zone at the southern Mongolian mine on Tuesday. The Canadian exploration company has been working on the copper and gold project in Mongolia for almost a decade.
BHP Billiton is planning on spending $ 15 billion on the planned expansion of the Olympic Dam copper and uranium mine.
Galaxy Gold, a mining and exploration company, has appealed to the Johannesburg Stock Exchange against the ruling that the company may not list as it does not have possession of new order mining rights.
On September 1, 2010 North American Tungsten Corporation Ltd. has increased the estimated minerals reserve at the Cantung Mine to 1.693 million tons from its previous estimate of 1.021 million tons given in July 2009. This will extend the life of the Cantung Mine by over four years at its present mill capacity.
Claude Resources, a Saskatoon, Canada-based mining company, has been found guilty of polluting the water in Saskatchewan by a provincial court in La Ronge, Canada. The offending Seabee Mine is located near Laonil Lake around 125 km north east of La Ronge and began production in 1991.
YTC Resources (ASX:YTC) has had an excellent start to its exploration activities at the Nymagee Copper Mine in New South Wales.
A tin mine operated by the Xinyi Zijin Mining company, a subsidiary of the Zijin Mining Group, in southern Guangdong province has halted production after a number of fatalities resulted in a nearby community.
Xstrata is mounting pressure on the Australian federal government to start a debate on the carbon tax. The chief executive of Xstrata Coal Peter Freyberg said that he wanted to see the government start a proper consultation process on the issue.Xs
The coal seam gas industry is expanding to meet the growing demand for energy from Asian nations. Metgasco (ASX:MEL), a major coal seam gas company, is currently considering developing a new offshore natural gas plant near the New South Wales coastline.
Mongolian Mining Corp is planning to increase its profit margin by expanding production and completing infrastructure projects with the penultimate aim of becoming listed on the Hong Kong stock exchange.