Mining, Drilling and Discovery
The action, process or good fortune of discovery or discovering oil, gas or mining deposits. Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended to solicit clients from any specific jurisdiction including the Republic of Mauritius inter alia.
Curated by Investors Europe Stock Brokers
Want an Offshore Trading Account? Our market maker-designed AtlasTrader lets traders, investors and institutions trade stocks, options, futures, forex, bonds and funds on over 50 markets worldwide from a single account.
African Mining presents a holistic view of the investable African Mining universe, its participants and service providers
"Premier African Minerals Limited announced that it has started an extensive diamond drilling programme on the Company's substantial Zulu Lithium Project ("Zulu"). "
"The study was carried out by SNL Metals and Mining for the period July 2015 to August 2016. Gold’s appeal was underpinned by the fact it commanded 45% of the world’s total exploration spend allocated over this period, at $3.94 billion."
Oil major Shell is planning to start exploration drilling offshore Tanzania later this year, according to partner Ophir Energy.
"Dar es Salaam — Oil major Shell is planning to start exploration drilling offshore Tanzania later this year, according to partner Ophir Energy."
The British government has offered support to a controversial multi-billion pound plan to drill for oil in one of Africa’s oldest national parks, according, Africa, british government, CNOOC, National Park, oil drilling, Total, Tullow Oil,
"The project, involving British company Tullow Oil; French firm Total and Chinese oil company CNOOC, could see dozens of wells drilled in Murchison Falls national park in Uganda."
Gold may be in for a bumpy ride in the final quarter as Republican candidate Donald Trump now has a 40 percent chance of winning the presidential election and investors will be preparing for the possibility of higher U.S. interest rates, according to Citigroup Inc.
"Gold may be in for a bumpy ride in the final quarter as Republican candidate Donald Trump now has a 40 percent chance of winning the presidential election and investors will be preparing for the possibility of higher U.S. interest rates, according to Citigroup Inc."
Gold's lacklustre trading since the start of summer sees $1.7 billion pulled out of top gold ETF as hedge funds slash bullish bets to lowest since May.
"On Monday gold continued to tread water with December futures trading on the Comex market in New York exchanging hands at $1,339.50 an ounce in European trade, down a couple of dollars from Friday's close."
Gold is risky, but it could pay off big over the next few months, says Jeff Reeves.
"I am a big believer in the barbell approach to investing. That is, I have a big portion of my money in sleepy index funds, and buy-and-hold dividend payers and value plays, and a smaller portion in rip-roaring trades that I hope work out in short order."
Gold futures recoup most of what they lost in the previous session, tracking a weaker dollar and lower stocks as financial markets braced for the first U.S. presidential debate.
"Gold futures climbed Monday, recouping most of what they lost in the previous session as a weaker dollar and losses in the U.S. stock market buoyed demand for the precious metal."
The partners of a license in a mature area in Norway’s North Sea have struck oil and gas close to the Gjoa field
"The partners of a license in a mature area in Norway’s North Sea have struck oil and gas close to the Gjoa field, the operator of the license, French company Engie, said on Friday, noting that the area still holds development potential."
Although investment in oil and gas has plummeted since 2014, the glut continues to impact oil companies and more companies will have to fall before oil prices will recover
"For many oil companies, the current downturn in oil is a back-breaker, but some have adapted to the falling prices and are fighting each day to survive and benefit from the higher oil prices that lay at the end of this dark tunnel."
The energy sector is going through a ruthless market share battle, and while many energy companies post subpar returns, there are still ways to make money in energy
"The charts look terrible. In the ruthless court of equity markets, the verdict is clear: The energy business – whether oil, gas, coal, solar, wind, nuclear, clean-tech or no-tech – is broadly guilty of delivering subpar returns to investors over the past five years."
Oil prices got a boost from a strong draw to crude inventories early this week, but got slammed by Saudi Arabia’s negative comments on the OPEC meeting
"Oil prices fell fast on Friday afternoon after Saudi Arabia claimed that "doesn't expect any decision" next week at OPEC’s unofficial meeting in Algiers."
Oil prices fell rapidly on Friday afternoon as some of OPEC’s biggest members downplayed the meeting, leaving markets in disarray
"OPEC leadership’s discussion of its upcoming meeting dominated oil market headlines this week and helped lead a $4 rally from Monday through Thursday in WTI from $42.55 to near $46.50. The week began with Venezuela’s President claiming that OPEC was close to nearing a deal and included comments from OPEC Secretary General Barkindo that a 1yr output limiting deal was in fact being discussed."
Qatar, a leading natural gas producer, has long been struggling to enter the European gas markets, with consequences of the struggle being felt across the Middle East
"In 2011, Syria, Iran, and Iraq agreed to build a pipeline to connect Iran’s South Pars gas field to Europe. The pipeline would run from Assalouyeh, Iran to Europe via Iraq, Syria, and Lebanon, with Syria as the center of assembly and production."
Gas extracted from shale fracked in the United States will arrive in Britain next week, a first for the island nation
"Gas extracted from shale fracked in the United States will arrive in Britain next week—a first for Britain—which could prompt Scotland to rethink its strong opposition to fracking."
ExxonMobil, the world’s biggest oil company is being investigated for using controversial valuation methods to gauge its reserves
"The Wall Street Journal broke the story yesterday that the U.S. Securities and Exchange Commission (SEC) is investigating Exxon’s reporting practices around reserves. Specifically asking the question: why did the value of the major’s reserves not fall when oil prices collapsed two years ago?"
Kenya has called into question the jurisdiction of the ICJ in the border dispute between Kenya and Somalia over oil and gas rich waters
"This week, the International Court of Justice will hear a border dispute case pitting the neighboring – and generally neighborly – states of Somalia and Kenya against each other over waters hiding massive oil and gas reserves in the Indian Ocean."
The IEA’s September Oil Market Report predicts that the supply/demand equation might not come into balance until next year, but there are more extreme predictions than that…
"Oil prices are hovering in the mid-$40s per barrel, and the hopes of a rebound have once again been delayed. The IEA’s September Oil Market Report predicts that the supply/demand equation might not come into balance until next year, suggesting another year of low oil prices. But what if oil prices never rebound?"
The Niger Delta Avengers announced yesterday that they have bombed the Bonny pipeline, which carries crude to the Shell-operated Forcados terminal
"The Niger Delta Avengers announced yesterday that they have bombed the Bonny pipeline, which carries crude to the Shell-operated Forcados terminal. The militant group had agreed a ceasefire with the Nigerian government and was about to begin negotiations on a more permanent solution to the situation in the Delta."
Located in the Northwest Territories, Gahcho Kué is the biggest diamond mine to come online, anywhere, in more than a decade at a time when global consumer demand for the gem is in flux
"Gahcho Kué will offset declining production at the company’s other two Canadian diamond operations, which have met setbacks amid falling diamond prices and local opposition."
Crude prices rallied on Monday as OPEC members gathered in Algiers to start discussing possible joint moves to prop up the market
"Crude prices rallied on Monday as OPEC members gathered in Algiers to start discussing possible joint moves to prop up the market, but investors are increasingly bearish, and last week, bets on lower oil prices reached the highest weekly number on record."
After a difficult first half, Nord Gold's now set up for over 1.2moz per year after start-up at Bouly mine in West Africa and major Russian development.
"Last week, Nord Gold (OTCMKTS:NRDVY) announced that it had begun operations at its new Bouly mine in Burkina Faso which the London-HQe’d miner said was constructed on schedule and under budget."
The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.
"The Peoria, Illinois-based company, which held a special press event before the upcoming MINExpo in Las Vegas, revealed it has had more discussions about potential sales in recent months than in the last two or three years. Those talks, however, have been quite “preliminary” and with no timeline set."
Now called RNC Minerals, the Toronto-based miner raises $9.2m to ramp up Australian gold mine acquired in May as Eric Sprott takes 10% stake.
"The gold focus is reflected in the company’s name change and last week RNC closed on $9.2 million in financing as it ramps up and development of its 100%-owned Beta Hunt gold and mine in Australia, which RNC acquired in May this year."
LAS VEGAS, Sept. 26, 2016 /PRNewswire-USNewswire/ -- MINExpo INTERNATIONAL® 2016, the World's Largest Mining Show, Opens with Full Agenda. Nationa
"Sponsored by the National Mining Association (NMA), MINExpo INTERNATIONAL® 2016 is a sprawling 840,000 ft.+ showcase of the latest mining equipment and technology from around the world. Held every four years, MINExpo begins its three-day run today, welcoming more than 1,900 exhibitors and an anticipated 40,000-plus attendees from more than 130 countries, including the U.S."