New offshore drilling rules agreed
Member states and MEPs struck a deal today (21 February) on new safety regulations for offshore oil and gas exploration and extraction in EU waters. The new legislation was first proposed by the ...
View ArticlePrimero grows production revenue but below expectation
TORONTO (miningweekly.com) – Toronto- and New York-listed gold miner Primero Mining on Thursday reported record production and revenue for 2012, as it lifted throughput at its flagship San ...
View ArticleEnergy Drilling Places Semisub Order with Coscos Guangdong Yard
Singapore-based Energy Drilling said Thursday that it has inked a turnkey contract with Cosco Shipyard (Guangdong) for the construction of a semisubmersible tender assist drilling rig. Under the ...
View ArticleIsrael Gives Go-Ahead to Drilling on Golan Heights
JERUSALEM - Israel has authorized drilling for oil on the occupied Golan Heights in a move likely to draw international protest, local media reported Thursday. Yediot Aharonot daily said a license ...
View ArticleEU market reforms mean added costs for metals industry - LME
Thu Feb 21, 2013 12:35pm EST * EMIR reform to increase costs for end users * Still not clear how many OTC metals products will be hit * LME upgrading its systems, expects more business flows By ...
View ArticleChinas gold consumption up 9.35 pct in 2012
released by the China Gold Association on Saturday. (Xinhua/Wang Jiankang) China's gold consumption amounted to 832.18 tonnes in 2012, an increase of 9.35 percent from a year earlier, data from ...
View ArticleUPDATED Centerra Gold posts loss Kyrgyzstans parliament deepens pressure
The Kyrgyzstanparliament has given the government three months to renegotiate the terms of a financial agreement signed withCanadianminer Centerra Gold(TSX:CG) in 2009, or cancel it unilaterally if ...
View ArticleFormer rare earth miner executive arrested suspected money laundering
South Africanpolice have arresteda former project director for Canadian rare earths-focussedGreat Western Minerals Group's (GWMG)on suspicion of fraud and money laundering. The Saskatoon-based ...
View ArticleFirst Uranium announces Second Distribution to Shareholders
Feb. 21, 2013 /CNW/ - First Uranium Corporation (NEX:FIU.H), (JSE:FUU) (ISIN:CA33744R5087) ("First Uranium" or "the Corporation") announces that it will make a second ...
View ArticleMining Stocks Gain as Gold Flakes Downward
Cocky investors were dumping gold and buying in to equities yesterday, showing that safe havens are out and riskier assets are in. The move out of the precious metal and into equities sent its ...
View ArticleAlamos reports best quarter and year in company history
TORONTO (miningweekly.com) – Strong operating margins from higher realised gold prices and low cash costs contributed to Canadian miner Alamos Gold reporting record cash and earnings from ...
View ArticleAluminium market creaks under weight of financing deals
LONDON/NEW YORK – The $80-billion aluminium market is starting to crack under the weight of finance deals that have locked up millions of tonnes of the metal as collateral in warehouses. For ...
View ArticleColombia has enough oil for eight years
Colombia only has enough oil to last another eight years and must urgently step up exploration efforts to locate more reserves, Finance Minister Mauricio Cardenas said. "We have oil for 8.1 years ...
View ArticleIn new provocation Israel okays oil drilling on occupied Golan
Israel issues licence to prospect to US-Israeli energy company Genie, headed by Effie Eitam, Golan settler, former hardline rightwing cabinet ...
View ArticleImperial Oil names Exxon veteran Richard Kruger as CEO
CALGARY -- Imperial Oil Ltd. is getting a new CEO on March 1 as its parent company shuffles some of Imperial's top executives. Bruce March, who has led Imperial since April 2008, is being ...
View ArticleEnsco sees drilling expenses to rise on pick-up in activity
Feb 21 (Reuters) - Ensco Plc, owner of the world's second-largest offshore drilling fleet, expects contract drilling expenses to rise by 19 percent this year as a pick-up in drilling activity ...
View ArticleRussian metals company OMK opens Houston pipe plant
OMK is investing in the Houston pipe market by opening a new manufacturing facility. OMK, a Russian pipe company, has started production at its first U.S. pipe manufacturing plant in Houston. The ...
View ArticleVIDEO Peter Schiff explains why gold bull is far from dead
In a new, exclusive video on the gold market, Peter Schiff responds to skeptics who claim gold's bull run is over. Many believe the economy is improving and therefore that gold's rise has ...
View ArticleInvestors pile into Pan American Silver despite loss
Pan American Silver Corp. (NASDAQ: PAAS, TSX:PAA) swung to a fourth-quarter loss despite rising sales and production after the Canadian firm was forced to write down $100 million on assets in ...
View ArticleReliance on oil sands may hurt Canadas economy report
the latest study released Thursday by the Canadian Centre for Policy Alternatives (CCPA) and the Polaris Institute. The report warns Canada is heading towards a "staples trap," whereby the ...
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