Ranking America’s oil-richest states

Despite all the attention fracking and North Dakota gets, it’s still ranked only number four on a list America’s richest oil states.

Here is the full list from Visul.ly starting with Louisiana at number 10.

Reserve figure data is from 2011.

The 10 Most Oil-Rich States

Explore more infographics like this one on the web’s largest information design community – Visually.


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Barrick announces agreement to acquire Equinox

Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick" or "the Company") announced today that it has entered into a support agreement with Equinox Minerals Limited (TSX:EQN)(ASX:EQN)("Equinox") for Barrick to acquire, through an all-cash offer, all of the issued and outstanding common shares of Equinox (including the shares represented by Equinox's CHESS Depositary Interests) by way of a friendly take-over offer (the "Offer"). The Offer is for C$8.15 per Equinox share in cash, or a total of approximately C$7.3 billion. The Offer represents a 30% premium based on Equinox's closing share price on the Toronto Stock Exchange on February 25, 2011 (the last trading day before Equinox announced its intention to make a take-over bid for the common shares of Lundin Mining Corporation).

Interest! Alert: Accredited course on evaluating gold junior mining companies offered by Market Motion Media

This two-day course presented by Market Motion Media, Inc. will be held 6-7 June at the Pan Pacific Hotel in Vancouver, B.C., 9-10 June at the Sheraton Centre, Toronto, and 17-18 October in London.
Mine-finders, fund managers, accredited investors, mining company officers, prospectors, and investor relations officers will benefit from a two-day accredited course featuring Dr. David Groves on how to apply geology's lessons when evaluating junior mining companies and their properties.


Tata to hold onto Riversdale stake

India's Tata Steel , the world's No 7 steelmaker, will hold on to its stake in Africa-focused Riversdale Mining , its vice chairman said on Monday. "We will continue to hold on to our stake," B Muthuraman told reporters.

Trapped miner died in ground collapse, mining company says

After more than nine days of holding out hope that trapped miner Larry “Pete” Marek was alive after a mine collapse, Hecla Mining Company said it believed Marek was dead and changed the rescue mission for Marek into a recovery mission at the Lucky Friday Mine early Easter Sunday morning. In a press release, Hecla stated “we are heartbroken to report that we now believe that Larry was under the fall of ground when it occurred and is deceased.”

Quarterly gold production up 41% – Iamgold

Mid-tier gold miner Iamgold's quarterly gold production rose 41 percent on strong performance at its largest assets, the Rosebel mine in Suriname and Essakane mine in Burkina Faso. Toronto-based Iamgold, which also has mines in Canada, South America and Africa, said gold production came in at 290,000 attributable ounces at a cash cost of $570 to $580 per ounce.

Rio does $700 million Simandou iron ore deal with Guinea

Mining giant Rio Tinto (RIO.L) said on Friday it would pay the government of Guinea $700 million after reaching an agreement to resolve all outstanding disputes over blocks 3 and 4 of its Simandou iron ore project. The company said in an emailed statement to Reuters that it had signed a settlement to secure Rio's mining title for the southern Simandou blocks, paving the way for some $10 billion in investment and the first shipment of iron ore by mid-2015.

Landslide crashes into Philippine mining village; 15 buried miners saved

Rescuers and heavy equipment are picking through the debris in hopes of finding more survivors after a landslide thundered down a mountainside in the Philippines on Good Friday. The avalanche of mud hit the mining village of Panganason around 2:30 am Friday morning, according to a story posted on Inquirer.net. Clad in orange suits, the rescuers sifted through the rubble in the hope of adding more survivors—15 so far—plucked from the mud and rocks. But 21 people remained unaccounted for, according to Maj. Jake Obligado, commanding officer of the 71st Infantry Battalion.