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Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
Pike River Coal Company Reported Coking Coal and Coal Mine Production To March 31, 2009
Pike River Coal Limited has made good progress with restoring ventilation to its hard coking coal mine following a rockfall in February 2009. Coal production with one of the continuous miner machines is to recommence at the start of May 2009, once reaming and lining of a 600mm diameter ’slimline’ hole is completed.
Romarco Minerals Support for South Carolina Gold Mine Exploration Project
Local authorities and communities are so determined to see Romarco Minerals’ Haile gold mine exploration project, in South Carolina, up and running that the company has been granted tax credits and incentives that will amount to yearly savings of some $3-million, CEO Diane Garrett said in Toronto on Tuesday.
Randgold Resources Opinion Gold Mine Deposit and Discovery in Senegal Exceeds Expectations
Randgold Resources Ltd., the owner of gold mines in West Africa, said a deposit in Senegal has exceeded expectations and may be one of its top discoveries.
Labrador Iron Mines Announce Financial Condition, Mining Company Start-Up Iron Ore Project
Labrador Iron Mines Holdings Limited announces that it has filed its unaudited Financial Statements and MD&A for the third quarter and nine months ended December 31, 2008.
Oil and Gas Exploration Project Fall in Prices
From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or canceled in recent weeks as companies scramble to adjust to the collapse in energy markets.
petroleum producers adjust to lower prices for oil, natural gas
Less can be more, at least in the view of independent petroleum producers grappling with how to adjust their operations to plunging natural gas and crude-oil prices.
In the past two weeks, energy producers have issued a near-uninterrupted string of improved third-quarter earnings announcements.
Pike River Coal Plans Full Production Coal Mine Next Year
Pike River Coal (PRC) expects to crank up to 150 staff by June next year when it plans to be in full production.
The West Coast underground coal mine in the Paparoa range, 46km north of Greymouth, posted a loss of $1.14 million yesterday for the year to June 2008.
That reflects the mine still being in [...]
Woodside Petroleum Ltd. Q2 output up, new projects eyed
Woodside Petroleum Ltd. (ASX: WPL.ax) , Australia’s largest independent oil and gas producer, reported a 9 percent rise in second-quarter output on Thursday, with at least three new projects due to come on-line in the next six months.
But output of 17 million barrels of oil equivalent (boe) was down 6 percent on the previous quarter, [...]
