BG Group raises Santos Basin net potential to 8 billion barrels of oil equivalent

BG Group today issued a material upgrade for its interests in the pre-salt Santos Basin, offshore Brazil. Mean Total Reserves and Resources* are now estimated to amount to some 6 billion barrels of oil equivalent (boe) net to BG Group, with an upside potential of 8 billion boe net.  Existing discoveries […]

Baker Hughes introduces high-performance Wellbore Cleaning System

Baker Hughes (NYSE: BHI) has introduced a wellbore clean-up and displacement system designed to improve efficiency and reduce operational risks in high-cost environments such as deepwater applications; horizontal, extended-reach, and deviated wells; deep wells; and wells with high dogleg severity. The X-Treme Clean™ XP system is the latest generation cyclone-based […]

Platts to Acquire Steel Business Briefing Group

The McGraw-Hill Companies, Inc. (NYSE: MHP), today announced that Platts, a division of McGraw-Hill and a leading global provider of energy, petrochemicals and metals information, has signed an agreement to acquire the Steel Business Briefing Group (the SBB Group), a privately held U.K. company and leading provider of news, pricing and […]

Pan American Goldfields Ltd Announces Acquisition of Control of The Cieneguita Silver & Gold Project

Pan American Goldfields, Ltd., a Delaware corporation (OTCBB: MXOM) (the “Company”), has entered into a binding letter agreement (the “Letter Agreement”) with Minera Rio Tinto, S.A. de C.V., (”MRT”) and Marje Minerals S.A., entities organized under the laws of the United Mexican States (”MM”), to increase its interest from 40% […]

Sutor Technology Group Signs Supply Contract with Bayi Iron & Steel

Sutor Technology Group Limited (the “Company”, “Sutor”) (Nasdaq: SUTR), a leading China-based private manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, today announced Ningbo Zhehua Heavy Steel Pipe Manufacturing Co., Ltd., a subsidiary of Sutor, has signed a contract […]

Canpotex and Sinofert Sign New Contract

Canpotex Limited (Canpotex) today signed a contract with Sinofert Holdings Limited (Sinofert) to supply 630,000 tonnes of potash during the second half of calendar 2011 at price levels which reflect an approximate $70.00 per tonne increase above the first half China price level.

Pan American Goldfields Ltd announces acquisition of control of The Cieneguita Silver & Gold Project

Pan American Goldfields, Ltd., a Delaware corporation (OTCBB: MXOM) (the “Company”), has entered into a binding letter agreement (the “Letter Agreement”) with Minera Rio Tinto, S.A. de C.V., (”MRT”) and Marje Minerals S.A., entities organized under the laws of the United Mexican States (”MM”), to increase its interest from 40% […]

Rubicon Minerals receives positive preliminary economic assessment for F2 Gold System, Phoenix Gold Project, Red Lake, Ontario

Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) is pleased to announce the positive results of a Preliminary Economic Assessment (”PEA”) for its 100% owned F2 Gold System, part of its Phoenix Gold Project located in the heart of the Red Lake, Ontario gold district. The PEA was prepared by AMC Mining Consultants (Canada) Ltd. (”AMC”) with […]

AuRico Gold Reports Significant Drill Results from the El Chanate Mine

AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), (”AuRico”) is pleased to provide an update of drilling results from the El Chanate Mine in Sonora, Mexico. Since April 2010, 213 new drill holes for 28,499 metres of drilling (23 drill holes for 5,052 metres since April 8, 2011) have been completed with the […]

Romarco Drills 115.3 meters Of 3.4 G/T gold at mill zone and 47.2 meters of 5.3 g/t gold between Snake and Horseshoe

ROMARCO MINERALS INC. (TSX: R) (the “Company”) is pleased to provide an update of recent assay results from the on-going drill program at its 100%-owned Haile Gold Mine project in South Carolina.  The results continue to demonstrate the sustained growth and continuity of the mineralized system at Haile.  Highlighted holes from […]