Go-Coil has been acquired by Pioneer Drilling for around $110 million in cash payment. Coiled tubing services are offered by GO-Coil to production and exploration firms in the United States offshore and onshore oil and gas markets.
By Joel Scanlon
4 Jan 2012
Protests in Peru restarted on Monday against the $4.8 billion Conga gold mine. Local residents are worried that if the mine is developed it will spell disaster for their water supplies.
By Joel Scanlon
3 Jan 2012
At the Freeport-McMoRan mine in Indonesia workers have delayed their return to work. They have been on strike for a three month period which finally ended on December 14 as the company agreed to demands to increase wages by 37%.
By Joel Scanlon
3 Jan 2012
Grange Resources is contemplating selling some of its stake in the Southdown Iron Ore Project to help fund debt and equity requirements. The Perth based company owns 70% of the project in Western Australia which is a proposed $2.57 billion export venture.
Ram Resources has released its first drill results from the Aries prospect at the Motzfeldt Project in Southern Greenland. The results have showed long, high grade intersections of rare earths and tantalum in four out of the seven drill holes that have been analyzed.
By Joel Scanlon
3 Jan 2012
Northern Freegold Resources has reported the final drill hole results from the Revenue Zone porphyry system located at the Freegold Mountain project in Yukon.
A25 Gold Producers has finished a soil geochemical sampling campaign at the extension properties of the company, which are situated in British Columbia, Canada.
By Joel Scanlon
31 Dec 2011
The operator has informed Brookemont Capital that drilling is being performed at a trench with 250 m thickness across the arsenic geochem soil sampling anomaly, located on the Handeni North gold prospect near the northern part of Magambazi prospecting License.
By Joel Scanlon
30 Dec 2011
North Springs Resources has defined the planned exploration work at its gold property, which is situated in Nevada’s Mineral Ridge mining district.
By Joel Scanlon
30 Dec 2011
North Bay Resources has announced the completion of a geochemical survey at the Bouleau Creek gold property, Southeast British Columbia in Canada.
Mogul Energy International (Mogul) has started drilling followed by spudding at its third well, the Werland Heirs #1, in Texas. The location of this well is around 10 mi. towards the northwest part of Aransas Pass in Texas.
By Joel Scanlon
29 Dec 2011
Harvest Natural Resources has updated on the exploration drilling program operations at Budong-Budong Block in onshore West Sulawesi of Indonesia and the Qarn Alam Block 64 in onshore Oman.
By Joel Scanlon
27 Dec 2011
Suroco Energy has drilled and examined the Charapa-1 exploration well, located in the Alea 1848A Block, Colombia. Currently, the company is in the process of deserting the well.
By Joel Scanlon
27 Dec 2011
Silver Scott Mines has commenced a 6000 m reverse circulation (RC) drilling campaign at the Quitovac gold mine project. The RC drill program started, after the company inked a long term surface land contract with the Quitovac community.
By Joel Scanlon
26 Dec 2011
Robex Resources announced a trenching exploration program at the Moussala permit, Southwest Mali. The exploration work at this permit will include mining of three trenches of length 100 m and depth of over 3 m, along with the completion of regolith mapping.