Visiting Venezuelan President Hugo Chavez said that Venezula will ratchet up oil exports to China over the next three years, testimony to a “very significant step forward” in energy cooperation. “Venezuela and China have made remarkable progress in the field of energy cooperation.
Venezuela’s oil exports to China will reach 500,000 barrels per day by 2009 [...]

Australia’s largest gold miner Newcrest Mining Ltd (ASX:NCM) has posted a big jump in annual profit, boosted by
the $A225 million ($US170.16 million) sale of a stake in the developing Boddington project.
The after tax profit from the sale of $218.2 million took Newcrest’s full year result to $349.5 million, up 160 per cent on 2004/05’s result [...]

At least 50 Papua students grouped in the Makassar Solidarity for Papua (SMup) staged a rally in front of the South Sulawesi legislative council building here on Monday to urge the government to close down PT Freeport gold mines in Papua.
The protesters also expressed their solidarity with their fellows who suffered from alleged violence when [...]

PT Truba Alam Manunggal said it will sell 5 bln shares or 38.46 pct of its enlarged capital via an initial public offering (IPO) slated for Sept 27 to 29.
The listing on the Jakarta Stock Exchange is tentatively scheduled for
Oct 5.
The company said in a published prospectus that it will use the entire IPO proceeds [...]

Indonesia actually has the potential to produce 6.7 billion tons of coal annually, but the available coal deposits in the country have not been optimally exploited, Secretary General of the Indonesian Engineers Association (PII) Arudji Phudri said here Monday.
The provision of energy in Indonesia should be oriented to the use of coal as a substitute [...]

China Shenhua Energy Co. Ltd will increase its coal output by 15 million tons annually within the next five years to make the company the world’s biggest coal producer, Shenhua’s top official said here Monday.
“By 2010, the company’s annual coal output is expected to exceed 200 million tons,” said Chen Biting, [...]

Chadian President Idriss Deby on Saturday ordered U.S. energy giant Chevron and Malaysia’s Petronasto leave his country within 24 hours for failing to pay tax as regulated, report reaching here from Chadian capital N’djamena said.
Deby told a government meeting that “the representatives of Chevron and Petronas must leave Chad and close [...]

The Ugandan government has contracted a South African company to carry out an airborne survey to detect the hidden mineral deposits across the east African country.
Fugro Airborne Surveys Ltd, a South Africa based company, has beaten two other bidders GPX Survey of Australia and GTK of Finland to win the contract [...]

A 24-hour deadline by Chad’s government for two major foreign oil companies to leave the country has expired.
President Idriss Deby ordered US firm ChevronTexaco and Malaysia’s Petronas, together responsible for 60% of Chad’s production, to quit the country.
Three government ministers have been sacked and may be prosecuted over the alleged non-payment of taxes by the [...]

Crude futures fell by nearly 2 dollars Monday as Tropical Storm Ernesto weakened and appeared to be tracking a course that would avoid Gulf of Mexico oil installations.
New York’s main contract, light sweet crude for delivery in October, fell 1.90 dollars at 70.61 dollars per barrel.
In London, [...]