Mining

The number of rigs actively exploring for oil and natural gas in the U.S. this week has risen by nine this week to 1,078. Houston-based Baker Hughes Inc. said Friday that 734 rigs were exploring for natural gas and 332 for oil. Twelve were listed as miscellaneous. A year ago this week, the rig count stood at 1,992. Of the major oil- and gas-producing states, Louisiana gained five rigs, New Mexico gained three, Arkansas and California each gained two, and Oklahoma and Colorado each gained one. Texas lost four rigs, while North Dakota lost one. The rig count tally peaked at 4,530 in 1981, ... Read Full Story

Today on Stockhouse Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here. Andrew Mickey of Q1 Publishing suggests that you can make 20 times your money in this hated industry. Marc Davis, meanwhile, explains why he believes Mexico is gold's next powerhouse player. Top Bullboards post: “I must say, I could not have envisioned a better outcome for this company. With a team of this magnitude and the accumulated tax pools the previous management amassed there is nothing but upside from here on in. It's too bad I sold out at 13 cents. No matter, I'm ... Read Full Story

'+company+ ' ( TSX: '+exchange+'.'+symbol+' , Stock Forum ) '+percent+' Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, November 4, 2009 TORONTO (SHfn) – Lithium was a feel good story for some shareholders Wednesday, while the first gold pour seemed reason to celebrate. Mesa Uranium (TSX: V.MSA, Stock Forum) shares surged 70% to 17 cents on Wednesday after the micro cap explorer said it has acquired, by staking, the Green Energy lithium project in Utah. The project consists of mining claims covering an area of approximately 10 square miles (6,000 acres) and is 100% wholly-owned. Lithium occurs at the project over an extensive ... Read Full Story

Anglo-Australian miner Rio Tinto said China could be priced differently from other iron ore markets in 2010, as it warned that "unfair" costs would make talks difficult, reports said Tuesday. The mining giant said the iron ore price-setting mechanism was evolving. "Any number of scenarios could relate to an outcome in 2010, with one scenario being a different pricing mechanism in China to the rest of the world," iron ore chief Sam Walsh said, The Sydney Morning Herald reported. Rio Tinto, along with other major iron ore producers, failed this year to get Chinese steel mills to agree to a benchmark price for iron ... Read Full Story

Today on Stockhouse Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here. Thom Calandra alerts mining speculators to a promising gold and base metals play. This as Andrew Mickey of Q1 Publishing believes Geithner inadvertently signaled that gold is going much higher. Top Bullboards post: On the Nuvo Research (TSX: T.NRI, Stock Forum) Bullboard, EdgeOfMySeat mused: “Still al lot of cold feet in this crowd from last time I think - looking and hoping for some sign of touching 52 week highs just before FDA decision so that they can sell out a dime higher.....markets just ... Read Full Story