Oil prices crossed 120 dollars a barrel in New York Monday following fresh unrest in Nigeria, Africa’s largest oil producer, and rising tensions between the West and Iran.
New York’s main oil futures contract, light sweet crude for June delivery, briefly hit 120.20 dollars, before slipping back at 1520 GMT to 120 dollars, a gain […]

The World Bank and four other Nigerian banks have donated $14 million (N1.6 billion) to the Federal Government for the strengthening of the nation’s artisanal mining sector.
Minister of Mines and Steel Development, Alhaji Sarafa Isola said this in Sokoto, when he paid a courtesy call on the Sokoto State acting Governor, Alhaji Abdullahi Salame.
He said […]

QUARTERLY HIGHLIGHTS

New Spektra drilling rig arrived on site at the Segilola Project in Nigeria, the most advanced gold project in the country and a 10,000m drilling program has commenced

Feasibility Study underway and progressing well for the Mkushi Copper Project in Zambia
Masbate construction is ahead of schedule by 4 weeks
Mining Alliance Agreement with Leighton Contractors (Philippines) […]

BP PLC and Royal Dutch Shell PLC, Europe’s two biggest oil producers, posted forecast-busting first-quarter earnings on Tuesday thanks to record crude oil prices that are expected to bolster profits across the industry.
The combined profits of $17 billion reignited calls for a windfall tax on oil profits as consumers struggle to pay for food and […]

A Lagos based Oil Company Antoniooil has paid N150.000 for the operation of 9 year old Rukaiya suffering post burn contractures and currently awaiting operations at the Dala orthopedic hospital Kano.
The oil company had responded to a publication on her appeal in Sunday Trust when her parents asked for assistance.
Handing over the N150.000.00 cash to […]

THE rapid multi-billion-dollar expansion of Australia’s second-biggest commodity export, liquefied natural gas, could stall if new investors are forced to comply with an emissions trading scheme from 2010.
The warning comes as major emitters continue to lobby for a regulated and cautious start to emissions trading in Australia, saying the credibility of the scheme could be […]

Oil prices in Asia market higher price after US U.S. dollar and concerns about unstable supply amid firm global demand. Previous session $120.
he dollar’s drop to a record low Tuesday against the euro helped draw more funds from investors who see commodities such as oil as a hedge against inflation and a falling dollar. […]

Crude oil rose to a record above $118 a barrel on concern that a labor dispute in the U.K. and disruptions in Nigeria may crimp oil supply.
Oil rose to $118.05 a barrel in New York as unions planned to strike at a Scottish refinery in Grangemouth that receives shipments of a benchmark crude oil from […]

f there’s any top to oil prices, it isn’t apparent yet.
Light, sweet crude oil for May delivery rose above $118 a barrel Tuesday morning in electronic trading on the New York Mercantile Exchange.
That’s an increase of 22 cents a barrel over Monday’s high.
Supply has been hurt by the militancy and lawlessness in southern Nigeria.
Attacks on […]

Oil jumped to a record on Monday, and gasoline prices rose above $3.50 a gallon for the first time across the nation, according to AAA, the automotive group, as fears about energy supplies and a falling dollar drove prices to new records.
Gasoline has risen 22 percent in the last year, and some analysts expect prices […]