News archive for August, 2006

Results 321 - 330 of about 346 news for the month of August, 2006.

Coal Mine Cleanup Added to Tax Bill

August 3rd, 2006

Republicans are trying to boost their bid to cut estate taxes with a last-minute legislative add-on that would pay for abandoned coal mine cleanup projects and health care for retired miners.
A coalition of labor, environmentalists and mining companies is behind the drive to renew the mine reclamation program, which uses fees on mined coal to [...]

Anil Ambani meets Petroleum Secy

August 3rd, 2006

Reliance-ADA Group chairman Anil Ambani today met Petroleum Secretary M S Srinivasan in the backdrop of the government rejecting Reliance Industries’ proposal to sell natural gas to his group firm RNRL at a price agreed mutually, instead of the bidding route.
Besides raising the contentious issue of sourcing gas from RIL’s K-G basin field, Ambani is [...]

Arch Coal buys a stake in small Illinois mine operator

August 3rd, 2006

Six years after Arch Coal Inc. closed its last mine in Illinois, the company bought a minority stake in a small local producer to tap the growing demand for high-sulfur Midwest coal.
Arch on Wednesday said it got a one-third interest in Knight Hawk Coal of Percy, Ill., in exchange for $15 million and 30 million [...]

Tata Power eyes Aussie, Indonesia coal mines

August 3rd, 2006

Indian utility Tata Power Co. Ltd. is in talks to buy coal mines in Australia, Indonesia and South Africa to tie up fuel supplies for its proposed 15,000-megawatt capacity expansion, a top official said.
The company, which supplies power to the financial hub of Mumbai, India’s capital New Delhi and to smaller cities, is pursuing projects [...]

East Timor protective of oil, gas industry

August 2nd, 2006

East Timor’s ramshackle capital is dotted with rundown buildings, old cars and squalid camps packed with thousands of people waiting to return home after months of violence. But billions of dollars in largely untapped oil and gas reserves lie just off the coast of Asia’s newest and poorest nation.
East Timor is zealously guarding its nascent [...]

Galaxy Energy to Exit Gas Project

August 2nd, 2006

Galaxy Energy Corp., a developer of coalbed methane and other natural gas properties, on Tuesday said it plans to sell its 25 percent stake in a Colorado natural gas project to Exxel Energy Corp., a Canadian oil and gas developer, for $50 million.
Denver-based Galaxy said that Exxel Energy’s subsidiary, Exxel Energy USA Inc., would acquire [...]

Steelworkers cancel strike threat at Century Aluminum

August 2nd, 2006

Century Aluminum Co. and the United Steelworkers said Tuesday they reached a tentative agreement on a restructured last, best and final offer.
Monterey-based Century had announced plans Monday to close its Ravenswood, W.Va., facility in the wake of a 72-hour strike notice from the union.
The company had said the action could put the future [...]

Wineco Productions Inc. to Acquire Licensing Rights for Proprietary Oil and Gas Stimulation Technology

August 2nd, 2006

Wineco Productions Inc. announced it has entered into a Letter of Intent to negotiate for a non-exclusive license of a cutting edge oil and gas perforation/blended rocket fuel exothermic down-hole oil and gas stimulation technology from Capital Energy.
David Mallard, Chairman of Capital Energy quoted, “My family had this technology tested by the Department of Energy [...]

Call to Enrich Uranium in Australia Stirs Debate

August 2nd, 2006

At a time when the United States wants to reduce the amount of nuclear material washing around the world, one of Washington’s major allies, Australia, is on the verge of expanding its production and export of uranium.
The Australian prime minister, John Howard, one of President Bush’s staunchest allies, says the country should also begin enriching [...]

Cotton & Western Mining, Inc. Stock Dividend Distribution Completed

August 2nd, 2006

Cotton & Western Mining, Inc., a global iron ore mining company, announced today that the distribution of the previously announced restricted stock dividend has been completed. The Company has finalized the transition to its new transfer agent, Standard Registrar & Transfer of Draper, UT, and all dividend certificates have been issued.
At a meeting held by [...]