A recent report by Arkansas Online says the energy industry's support sector could feel the effects of low oil prices for up to two years after the current bear market recovers.
n NewCastle’s Castle Mountain gold project, Panneton sees a large-scale, brown field, largely permitted resource in a leading jurisdiction that’s amenable to simple heap-leach mining, and can be brought back into production in the near term.
Under the terms of the agreement, Fort McKay First Nation will pay 34.3% of the actual capital cost of the East Tank Farm Development once the assets become operational, which is currently anticipated to be in the second quarter of 2017.