Mining Exploration Company News

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Oil prices fell due to concerns

Oil close to its lowest level in nearly 1 in New York last week as investors began to expect the demand will weaken amid rising U.S. crude inventories and manufacturers say the price is too high. U.S. Department of Energy said that the data changes must be considered because of changes in inventories is one [...]

Tags: Crude oil, oil price, oil price today, US Crude inventories, us crude oil Filed Under Market March 12 2012

China exports a lot of estimates, fell from a peak oil

Oil falls from the highest price in more than a week after China’s export growth slower than expected, the country’s second largest oil user mesinyalir world economic slowdown. Oil futures in New York slumped as much as 0.8 percent, erasing last week’s rise. China has the largest trade deficit in the last month in at [...]

Tags: April crude oil price, oil market fall, oil prices, U.S. crude oil, us commodity futures trading Filed Under Market, News March 12 2012

Oil prices closed above $ 107, up by U.S. economic data

In commodity markets on Friday (09/03), crude oil prices closed at a price of 107.40 per barrel, up by 82 cents (0.8%). Rising crude oil prices triggered by the U.S. employment data in a form better than expected earlier in the week. The brokerage also see the latest developments of the post-condition of the Middle [...]

Tags: commodity market, crude oil prices, oil price, oil price per barrel, U.S. economic data Filed Under Market March 10 2012

Medco Use U.S. $ 4.8 Million for Oil and Gas Exploration in Two Blocks

PT Medco Energi International Tbk (MEDC), issuers in the energy sector, during the first two months of this year has spent about U.S. $ 4.8 million or Rp 43.7 billion for exploration activities. Exploration activities carried out in two blocks of oil and gas (oil), the block Rimau in Musi Banyu Asin , South Sumatra [...]

Tags: block Rimau, indonesia oil and gas, oil and gas exploration, PT Medco Energi International Tbk, Senoro-Toili Block Filed Under News March 10 2012

Petrosea wins U.S. $ 399 million contract from the Santan Coal

PT Petrosea Tbk (PTRO), a subsidiary of PT Indika Energy Tbk (INDY) in the field of mining services, has signed a contract extension and reinstatement of soil removal work in the coal mine owned by PT Santan. The contract value reached U.S. $ 399 million.

Tags: coal contract, coal mining, PT Indika Energy, PT Petrosea, PT Santan, santan coal Filed Under News March 10 2012

Gold traders most bullish in four months as bullion fund holdings set new record

Gold traders shows they are the most bullish since November 11 with 16 out of 23 predicting that the precious metal will gain this week. Bloomberg data shows “investors increased their holdings in exchange-traded products (ETP) backed by bullion for seven consecutive weeks and now hold 2,407 metric tonne valued at $131 billion.” Despite consistent [...]

Tags: gold future price, gold investors, gold market, Gold traders, gold trading 2011 Filed Under Market, News March 10 2012

Wallbridge Mining Initiates Geophysics on its Booth River Nickel, Copper and PGE Project

Wallbridge Mining Company Limited today announced that a large-loop ground electromagnetic (EM) geophysics program has been initiated on its Booth River nickel, copper and platinum group element project in Nunavut. Detailed compilation and modelling of existing data has identified over 12 airborne EM conductors associated with gossans, contact zones and in several cases disseminated nickel [...]