Rio Tinto is taking the next steps in its phased investment programme by committing US$4.2 billion (100 per cent basis US$6.2 billion) to develop its tier one iron ore business. The investment covers US$3.7 billion (100 per cent basis US$5.2 billion) for expansion of the industry-leading Pilbara iron ore operations in Western Australia and US$501 million (100 per cent basis US$1.0 billion) for further infrastructure development at the Simandou iron ore project in Guinea.
Demand for fossil fuels continues to increase at a steady pace, forcing market participants in the oilfield and gas exploration industries to look beyond readily-available and easily-accessible sources in order to remain competitive. This activity fuels a multiple billions of dollars of growth in related industries, as businesses spring up to supply and support oil and gas exploration. With premium market research from the world's leading publishers, Global Information Inc. helps businesses stay ahead of the curve with the best forecasts, research, and analyses.
Production of metals has been at the core of all industry nearly since the dawn of civilization, and has only become more important with time. As the global economy emerges from recession into a new period of growth, having accurate market data and analysis on the production of metals will be essential to nearly any company that produces a physical good.
Panoro Minerals Ltd is pleased to announce that the Environmental Impact Assessment (EIAsd) for an expanded exploration program at the 100% owned Cotabambas Copper/Gold Project has been given final approval by the Peruvian Ministry of Energy and Mines.
Golden Reign Resources has announced that it has encountered a multi-ounce intercept of gold and silver from Arras zone mineralization located in hole AR 12-36 drilled at the San Albino Mine.
By G.P. Thomas
20 Jun 2012
Fortunate Sun Mining has declared that a diamond drill campaign has been completed at the company’s Golconda gold project, which is situated in Mexico.
By G.P. Thomas
20 Jun 2012
Klondex Mines Ltd., a Nevada gold exploration and development company, today announced the first batch of assay results from its 2012 underground in-fill drilling program at its Fire Creek project in North Central Nevada.
Rio Tinto is to invest US$660 million over the next seven years to extend the life of its Kennecott Utah Copper Bingham Canyon mine in Salt Lake City from 2018 to 2029.
Powder metal technology has garnered considerable interest in the global titanium industry. Several companies are exploring how leading edge, powdered metal techniques might be used as a lower-cost alternative to produce titanium. If such pilot programs are demonstrated to be commercially viable, they have the potential to open up a wider spectrum of commercial and industrial applications for titanium.
Pacific North West Capital Corp.is pleased to announce assay results for exploration drill holes in the River Valley 2012 phase I exploration program on its 100% owned River Valley PGM Property, located within 100 km northeast of Sudbury, Ontario. This phase of exploration focused on drill testing three targets internally within the River Valley Intrusion Complex (RVIC) for reef style platinum group metal (PGM) mineralization (Figure 1). Significant intercepts are listed in Table 1 and discussed below. Details of the drill hole locations and orientations are provided in Table 2.
Newfield Exploration Company today announced a proposed $750 million public offering of Senior Notes due 2024. The Company intends to use the net proceeds from the offering to fund its tender offer and consent solicitation for its existing 6 5/8% Senior Subordinated Notes due 2016 and to reduce borrowings outstanding under its credit facility. Wells Fargo Securities, LLC is acting as sole book-running manager for the offering.
Mpact® Downhole Motors achieves a drilling milestone in the Permian Basin, demonstrating superior performance with its advanced downhole motor technology.
Liberty Gold Corp. is pleased to announce it has entered into a $15M financing agreement, as of October 11, 2011, with institutional investor American Gold Holdings Ltd. (the Subscriber) for the purpose of advancing the Company's gold exploration activities.
Intertek, a leading provider of quality and safety services to a wide range of industries around the world, has expanded its facilities, capabilities and expertise to better serve the growing demand for technical services and expertise supporting the oil & gas industry in Trinidad and Tobago.
"Everything depends on how Cyprus plays its energy cards right now," says Roys Poyiadjis, a New York entrepreneur and financier with strong ties to his homeland.