The Export-Import Bank of the United States (Ex-Im Bank) has authorized $1.2 billion in export financing in four separate transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico's national oil and gas company. The amount includes a $200 million small-business facility, which will support exports from U.S. small businesses.
Oil prices fell nearly $3 last Thursday, taking it down to an eight-month low and breaking past the $80 comfort zone. The fall came amid an unexpected rise in crude stockpiles and supplies in America, and hit home in several U.S. oil towns.
Daulton Capital Corp. a gold and precious metals exploration company, is pleased to announce that it has entered into a $105 million forward Gold sales contract with Salam International Limited. Salam International Ltd is a Dubai gold trading company which procures gold and sells to large Gold refineries in Dubai & Abu Dhabi, United Arab Emirates.
BlueStar Energy Solutions (BlueStar), a subsidiary of American Electric Power, will begin operating as AEP Energy June 29. AEP acquired BlueStar March 7.
APR Energy is proud to announce the operation of its 120MW diesel-fired power plant, located just east of Limassol, Cyprus. APR Energy signed a contract in May with the Electricity Authority of Cyprus (EAC) to provide a peak season solution in time for the Mediterranean summer. Using its latest enhancements in plant design, deployment and logistics, APR Energy was able to prepare the site and have the plant installed and operational within 20 days of equipment arrival – ahead of the contracted schedule.
Primero Mining has reported that a fresh high-grade vein, named the Alexa vein, has been discovered in the West Block. Five high-grade intercepts are included in the new discovery.
By Kalwinder Kaur
26 Jun 2012
Thomson Resources has reported that it is taking steps to abandon its tenement holdings on 2,794 sq. km in the Thomson Fold belt, so that it can focus its activities on the priority exploration targets in the Cobar area.
By G.P. Thomas
26 Jun 2012
Atlas Iron has announced that it has updated the progress on its targeted production rate of 12 mtpa by next year end.
DIOS EXPLORATION has announced that it has planned to commence prospecting and mapping the tonalitic stage of the Erasme Lake pluton, on the porphyry-type 33 CARATS gold project situated on the northwest part of the Eastmain gold mine, Chibougamau.
Redstar Gold has announced the drilling results from two diamond drilling holes located in the Newman-Todd property in Red Lake, Ontario.
Redhill Resources has provided a detailed report on its exploration activities carried out in Nyakagwe Properties in Tanzania, East Africa. This property is located on the Bulyanhulu regional trend which in turn is placed at distance of less than 6 km from Barrick Gold’s Bulyanhulu gold mine.
By G.P. Thomas
26 Jun 2012
Sono Resources has announced that it has commenced its planned exploration program for 2012 as per an agreement it entered with Alaska Metals.
By G.P. Thomas
26 Jun 2012
Huldra Silver has announced the updation on the mining operations conducted at the Treasure Mountain property and the construction of mill located in Merritt, BC. The production capacity of the mill is 200 t per day.
BCGold declared that it has mobilized work crews at its WS and Off-White Gold properties and South Quesnel properties. The company will use the combined exploration budget of $200,000 for these projects. Work crews will be working at the properties till late August.
By Kalwinder Kaur
25 Jun 2012
Xstrata Technology and GeoProMining Gold, which is a wholly-owned subsidiary of GeoProMining, have inked an Albion Process Technology Licence Agreement for GPM gold project.
By G.P. Thomas
25 Jun 2012