Ecopetrol and Talisman Acquire BP Exploration Colombia Limited Company

August 5, 2010 · Posted in News · Comment 

Ecopetrol oil mining companyIncludes BP shares in co-operation contracts, transportation systems and contracts with the ANH in the Colombian Caribbean. Acquisition is part of the strategy of Ecopetrol to reserves and production and transportation system to enhance natural gas and increase business. Acquisition is worth U.S. $ 1.750 million, plus an additional U.S. $ 145,000,000 of capital return to shareholders of Ocensa previously agreed result. Ecopetrol will own 51% of the acquired company Talisman and 49%. Read more

Gold miners to invest 4.5 billion billion in Colombia

April 19, 2010 · Posted in Gold · Comment 

gold mining companyBOGOTA – Gold mining companies invest as much as 4.5 billion U.S. dollars over the next ten years in Colombia, attracted by rich unexplored and soaring prices, the head of the country’s miners Asomineros group. But companies should invest as much as $ 400 million exploration and production this year, against 300 million dollars in 2009, Arturo Quiros, executive director of Asomineros said on the sidelines of a seminar on mining in capital Bogota. Read more

Weekly Marketplace – Canadian Market Report

March 20, 2010 · Posted in Canada · Comment 

Canadian market place during the last week. There was a notable lack of conviction both in terms of buying and selling side, with the resource-rich Canadian markets Toppy starting looking a bit as we approach the end of the first quarter of 2010. Once all trades conducted the TSX Stock Exchange companies, home to more junior exploration companies than anywhere else in the world, had lost 0.255 of a percent, while the TSX Gold Index is essentially flat, with tacks in a tiny 0.103 percent. Read more

British Columbia Mining, Agreement to Prohibit The Coal and Gas Production Signed

February 19, 2010 · Posted in US · Comment 

Relying on the word “partnership to protect our common environment,” Governor Brian Schweitzer of Montana and British Columbia Premier Gordon Campbell signed an agreement prohibiting the production and coal and gas in the transboundary Flathead River drainage.

Schweitzer and Campbell met on Thursday in Vancouver, British Columbia, to complete the pact for the protection of the land to the north of Glacier National Park.
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Lawmakers ask for Gulf oil spill plans

oil spill plansKey U.S. lawmakers examining the BP PLC oil slick, big energy companies for information on their response asked plans after it was discovered some companies’ plans were errors including the protection of species not living in the Gulf of Mexico.
Politics
In a hearing earlier this month, U.S. representatives Henry Waxman and Edward Markey, both Democrats, big oil company executives blasted for “virtually worthless” and “cookie cutter” plans to handle a deepwater oil spill. (more…)

Gold run begins to worry analysts, Price for precious metal continues to climb as gamblers flock to the safety

gold precious metalThe gold bubble is about to burst. Well, that’s the view of several analysts and commentators see dollar gold prices. It is hitting new record highs every day. Is it a correct call?

The reasons for the strong U.S. dollar gold price up front are well rehearsed. Gold is seen as a “safe haven” investments, especially if the current recession-fighting strategies, quantitative easing and low interest rates lead to inflation. Countries begin to fall over themselves to gain trade advantages by lowering the rates. And central bank gold sales are either afraid to or adding to their gold reserves – and what does it mean when an important step in the possession of U.S. dollars in reserves? (more…)

Auric Mining Corphas a Joint Venture Agreement for an Interest Group of Mineral Rights in Dog Lake Project

Dog Lake ProjectAuric Mining Corp. (PINK SHEETS: AUMY) (the “Company”) announces that at present the company mainly focuses on start of work projects on its property known as the Dog Lake project, located near Wawa in the “Canadian Shield” Northern Ontario, Canada. Auric has a joint venture agreement for an interest group of mineral rights located in Dog Lake Project. Previous exploration in the Wawa area has resulted in the discovery of numerous deposits of small diamonds in Archean metamorphosed basement rocks. (more…)