Mining and Exploration

Saudi Arabia grants gold exploration licences

Two mineral exploration licences have been granted to the Gold & Minerals JV (G&M) by Saudi Arabia’s Deputy Ministry for Mineral Resources, for a period of five years.

Subsea 7 wins North Sea contract

UK-based Subsea 7 has won a contract worth $185 million from Elf Exploration UK on the West Franklin Field in the Central Graben area of the North Sea.

Peabody Energy completes acquisition of AustraliaÔÇÖs Macarthur Coal

Peabody Energy today announced the completion of its acquisition of Macarthur Coal Limited, and has notified the Australian Securities Exchange to delist Macarthur.

Iran and Russia sign deal on oil field

Iran’s Petroleum Engineering and Development Company has signed a deal with Russia’s Tatneft to develop the dormant Zagheh heavy oil field in Iran.

Cerro Grande Mining Corporation announces record financial results

Chilean mining operator Cerro Grande Mining Corporation has reported record financial results for its fiscal year ended September 30, 2011.

Caterpillar sells part of Bucyrus distribution business

After completing the acquisition of Bucyrus earlier this year, Caterpillar is selling part of the former Bucyrus distribution business to the Industrial Division of Malaysian-ba

Rockhopper makes fresh Falklands find

Rockhopper Exploration has announced the discovery of more oil and gas in the North Falklands Basin.

BHP Billiton signs empowerment deal

BHP Billiton Energy Coal South Africa (BECSA) has entered into an empowerment transaction with a black-owned consortium led by Pembani Group, it announced today.

Russian steelmaker buys African iron ore project

Afferro Mining has agreed to sell its 38.5 per cent interest in its Putu iron ore project in Liberia to Russia’s second biggest steelmaker.

Maersk Drilling wins Norway contract

Norwegian oil company Det norske has awarded Denmark-based Maersk Drilling with a three-year contract at its Draupne project.

Northern Petroleum to sell Vinkega stake

Tel Aviv is not only Israel’s second city by population and its business capital, it is also globally recognized as one of the world’s most innovative startup hubs.

Afghanistan launches mineral tenders

The government of Afghanistan has launched tenders for the exploration and exploitation of four project areas containing gold and copper deposits.

Uranium Energy Corp completes acquisition of the Workman Creek Project in Arizona

Uranium Energy Corp has announced the completion of its acquisition of the Workman Creek uranium project, previously announced on 8 November, 2011, from Cooper Minerals, Inc.

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