Having added Texaco’s star (and, more recently, Unocal’s authority) to its stripes, Chevron (formerly ChevronTexaco) can pull rank on its rivals. The second-largest US integrated oil company (behind Exxon Mobil) was formed by Chevron’s 2001 acquisition of Texaco. It has estimated proved reserves of 13 billion barrels of oil equivalent and daily production in excess [...]

Essar Oil Ltd on Saturday said one of its promoter group company has acquired 67.22 per cent of stake in the company through purchase of 47.61 lakh Global Depository Shares (GDS). The GDS represent 72.84 crore underlying equity shares, which were with the company’s depository, Bank of New York and now have been purchased by [...]

There may be enough recoverable gold around the Panamint Valley to reopen Briggs Mine pits, idled in 2004, before the end of the year.
A new series of tests suggest a significant quantity of gold and some ore is present at Cecil R. - a deposit located in the Panamint Mountains of southern Inyo County, said [...]

AMID talk of additional consolidation scenarios in the global mining industry, Xstrata has faced another setback in its bid to become a true rival to its bigger competitors BHP Billiton, Rio Tinto and Anglo American.
The Ontario securities regulator ruled on Friday that Xstrata’s $US16.1 billion bid for the 80 per cent of Canadian nickel producer [...]

World oil prices climbed towards $US74 a barrel because of jitters over petrol supplies on the eve of a holiday weekend in the United States.
New York’s main contract, light sweet crude for delivery in August, climbed US41c to close at $US73.93 per barrel on Friday. The contract earlier hit $US74.15 - the highest point since [...]

With less than three weeks to go before he is to report on the Sago Mine disaster, West Virginia’s lead investigator said he may not be able to identify what triggered the Jan. 2 explosion that killed 12 miners.
“Are we going to have the conclusions as to what caused this accident? I don’t know,” J. [...]

Two federal agencies have begun separate investigations of the U.S. Mine Safety and Health Administration and its performance protecting underground coal miners, the Pittsburgh Post-Gazette has learned.
The audits are being conducted by the inspector general’s office in the U.S. Department of Labor, which oversees MSHA, and the Government Accountability Office, an arm of Congress.
The inspector [...]

Prices are right for Birch Lake initiative with promise of jobs, but critics say environment will pay heavy cost
Beneath the ground at a Birch Lake mining site near Babbitt are a lot of non-ferrous minerals — copper, nickel, platinum, palladium, even a bit of gold.
They are minerals in demand in a mushrooming global economy. They [...]

MOOSE RIVER GOLD MINES - Wally Bucknell seems oblivious to the blackflies gnawing at his left ear.
It could be that the affable Aussie has more pressing matters on his mind than the loss of a little blood.
After all, to get his company’s proposed Moose River gold mine open by 2008, he has to complete a [...]

China plans to start construction of 12 new key projects with a total investment of 165.4 billion yuan (20.68 billion U.S. dollars) in its undeveloped west, industrial watchdog has said.
; The National Development and Reform Commission (NDRC), the country’s industrial watchdog, made public on Friday the 12 new projects.
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