Canadian gold miner Agnico Eagle Mines Ltd has entered into an agreement to purchase all the shares of a Canadian exploration company Cayden Resources Inc for 205 million Canadian dollars (188 million dollars), the report said Agnico. Shares will be redeemed at 3.79 kan.dol. each, which represents a premium of 42.5% to the average share price over the last month. Cayden shareholders are able to get 0.09 shares of Agnico, and 0.01 kan.dol. per share.
News archive - Page 5
August 21, 2014
Shell has postponed the development of shale gas in Ukraine due to force majeure
In recent years, more than once transferred to the beginning of work, still hoping to invest in the contract due to the time frame. Shell delayed the start of drilling of the first exploration well in the area of Hughes (Kharkiv and Donetsk region) due to a force majeure situation on the field.
August 21, 2014
Uzbekistan has approved the procedure for the formation programs of exploration for hydrocarbons
The Cabinet of Ministers of Uzbekistan adopted a regulation of the procedure for forming an exploration program on the National Holding Company (NHC) "Uzbekneftegaz". Position determines the order of development, coordination and approval of long-term (for a period of five to 15 years), medium-term (five years) and annual programs of exploration for hydrocarbons.
15 August 2014
National Service of Geology and Mineral Resources of Ukraine has published a list of deposits of potassium and magnesium salts Ukraine
August 12 on the official website of the State Service of Geology and Mineral Resources of Ukraine published the list of deposits of potassium and magnesium salts Ukraine. The largest deposits of potash and magnesium salts in Ukraine found in the Carpathian Basin kaliyenosnomu. They belong to Kalush layers Stebnytska and vorotyschenskoyi world Neogene and occur as lenticular bodies and Sheet capacity from 3 to 120 m. Potassium oxide content in them varies from 9 to 21%. Most of these stocks are at depths of 600-700 m.
August 18, 2014
South Africa in June reduced gold production by 1.2%
South Africa in June 2014 reduced gold production by 1.2% compared to the same period last year, according to the national statistics agency of the country. Extraction of platinum group metals (PGM) in the reporting period fell by 37.2%, production of raw diamonds increased by 51.3%. Total mining (PI) decreased by 5.7%.
August 15, 2014
Shell sells gas assets in the U.S. for $ 2.1 billion
The Anglo-Dutch company Shell sells gas assets in the United States for 2.1 billion dollars, the company said. In particular, Shell Ultra Petroleum sells for 925000000 dollars project in Pinedale Wyoming, receiving, besides money, share of deposits in the Marcellus shale and Utica areas in the states of Pennsylvania and Ohio.
August 18, 2014
"Naftogaz of Ukraine" has selected Ernst & Young to assess the value of its assets
National Joint Stock Company (NAC) "Naftogaz of Ukraine" LLC has selected "Ernst & Young" (Kyiv) to determine the fair value of its fixed assets, licenses for subsoil use and oil and gas investment in the joint venture and construction in progress subsidiaries and agricultural companies, which belongs to the state holding at least 51%.
Schlumberger expects increase investment in exploration in the II half
Oilfield services company Schlumberger expects high activity in the field of oil exploration and production in the II half of this year, according to Platts.
In the context of the ongoing global economic recovery global oil market is pretty tough, amid strong demand a recurring uncertainty about the proposals related to the political events in different parts of the world, said CEO Paal Kibsgaard during a teleconference dedicated to the results of Schlumberger in the II quarter.
July 25, 2014
Poland adopted a legislative framework shale gas
On Friday 25 July the Polish Sejm adopted the draft law on the taxation of shale gas. Earlier in June, a law was passed on the geology, which simplifies the issuing of licenses for companies engaged in the search for shale gas. According to the Government of the Republic, the new laws will bring the start of gas production.
July 28, 2014
In State Service of geology of Ukraine held a meeting with representatives of agencies authorized to issue permits for special use
July 28, 2014 at the State Service of Geology and Mineral Resources of Ukraine held a meeting with the participation of Ukraine Derzhheonadr, service workers and representatives of regional administrations in respect of constructive interaction between licensing authorities and central executive bodies that provide conclusions on the possibility of obtaining a permit for special water use .