The Organization of the Petroleum Exporting Countries' (OPEC) crude output dipped by 30,000 barrels per day (b/d) to 31.72 million b/d in June from 31.75 million b/d in May, reversing most of the 40,000-b/d increment of the previous month, a Platts survey of OPEC and oil industry officials and analysts showed July 9.
Patriot Coal Corporation, a producer and marketer of coal products in the eastern United States, today announced that the Bankruptcy Court for the Southern District of New York granted Patriot interim approval of its $802 million Debtor-in-Possession financing ("DIP") from Citigroup Global Markets Inc., Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers, and granted Patriot interim authorization to access immediately $677 million of the DIP financing.
Colombia Energy Resources, Inc. (OTCBB: CERX), a metallurgical coal exploration and production company operating in the Republic of Colombia, has begun making shipments from its Ruku mining complex after temporarily halting production earlier this year to make repairs and safety upgrades and to improve security at the site.
Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that its wholly owned subsidiary, Cliffs Australia Coal Pty Ltd, has entered into a definitive share and asset sale agreement to sell its 45% economic interest in the Sonoma joint venture coal mine located in Queensland, Australia to QCoal Sonoma Pty Ltd (QCoal).
Canada Lithium Corp. (TSX: CLQ) (OTCQX: CLQMF) announced today that major components of the process plant are now on-site at its Québec Lithium Project near Val d'Or, Québec, and the project is on schedule for year-end commissioning.
Carlisle Goldfields has released preliminary results of the 15-hole, 4000 m drilling campaign carried out at the Last Hope project, which have been formerly drilled and explored to a large extent.
By Kalwinder Kaur
11 Jul 2012
Foran Mining, a diversified exploration and development company, has declared the results of the 2012 regional drilling program conducted at the Bigstone and McIlvenna Bay properties.
Scorpio Gold has reported that it has received preliminary results from the 2012 drill program carried out at the Mary LC zone, which is situated near the Mary pit.
By G.P. Thomas
11 Jul 2012
Riverstone Resources has reported drilling results from seven diamond core hole from the 90%-owned Goulagou II deposit (GGII). This deposit is a part of the company’s flagship Karma gold project in West Africa. These holes were drilled as part of a program specifically designed to expand two high-grade mineralization shoots to depth and along strike.
By G.P. Thomas
11 Jul 2012
Waymar Resources has reported that it has received significant results from five more diamond holes drilled at the Anzá property in the Republic of Colombia. These diamond holes were drilled as part of an overall program specifically designed to determine and extend the high-grade gold mineralization present along the Aragón Fault.
By Kalwinder Kaur
10 Jul 2012
Aquila Resources has declared the remaining results of the 2012 drilling program carried out at the Reef Gold project, located in Marathon County, Wisconsin. The program has successfully defined the preliminary framework for an open pit resource estimate and also discovered further gold mineralization expansions at the Reef area.
By G.P. Thomas
10 Jul 2012
ABM Resources has announced that it is conducting the phase II 2012 program, which includes systematic longitudinal sampling of veins that are extending towards the Old Pirate high-grade deposit located in the Northern Territory in Australia.
By G.P. Thomas
10 Jul 2012
Yukon-Nevada Gold Corp. is pleased to announce the commencement of earthworks for the establishment of the Starvation Canyon portal face located in the southern portion of Jerritt Canyon in Elko County, Nevada. Jerritt Canyon is a gold producing mine site operated by Queenstake Resources USA Ltd., a wholly-owned subsidiary of Yukon-Nevada Gold Corp.
China Shen Zhou Mining & Resources, Inc., a Company engaged in the exploration, development, mining and processing of fluorite, barite, zinc, copper, and other nonferrous metals in China, today announced that the Company's subsidiary, Xinyi Fluorite Company, Ltd. ("Xinyi") was selected among the first group of fluorite companies whose production lines met the government standards.
United States Antimony Corporation accelerates its exploration/development plan at the Los Juarez antimony/silver/gold property in Mexico while sharply increasing its milling and smelting capacity.