Archive for October, 2006

Gas blast traps 35 coal miners in northwest China

October 31st, 2006
Gas blast traps 35 coal miners in northwest China

BEIJING - A gas explosion trapped 35 workers underground on Tuesday at a coal mine in northwest China, Xinhua news agency said, the latest accident to hit the world’s deadliest mining industry.
The blast occurred at the Weijiadi coal mine in Baiyin city in Gansu, an underdeveloped province hosting part of the Gobi Desert, Xinhua said, [...]

Coal and corn teaming up at Bedford Park plant

October 31st, 2006
Coal and corn teaming up at Bedford Park plant

Already a big user of Illinois-produced corn, Corn Products International Inc. is now relying on coal mined downstate to help process corn at its Bedford Park plant.
Company and state officials took part Monday in a ceremonial ribbon-cutting for Corn Products’ new coal-fired boiler, which is designed to reduce the plant’s emissions.
Corn Products started work on [...]

Coal Property Partners Shares Dampened by Downgrade As Broader Sector Frets Costs and Cuts

October 31st, 2006
Coal Property Partners Shares Dampened by Downgrade As Broader Sector Frets Costs and Cuts

Shares of two coal property managers tumbled on Monday after an Citigroup analyst downgraded the stocks over concerns that they might eventually feel pressure from issues negatively impacting the broader industry.
Shares of Houston-based Natural Resources Partners LP fell $2, or 3.7 percent, to $52.35 in afternoon trading on the New York Stock Exchange.
Shares of Alliance [...]

Coal industry faces dangerous time

October 31st, 2006
Coal industry faces dangerous time

CHARLESTON, W.Va. - One miner was killed and a second was seriously injured Monday in what has become the deadliest year in the nation’s coal mines in a decade.
And the industry, reeling from the 43 deaths so far in 2006, still faces the most dangerous time of the year: the winter.
Federal statistics show most coal [...]

Vietnam bans coal shipping in Halong Bay heritage area

October 31st, 2006
Vietnam bans coal shipping in Halong Bay heritage area

Vietnam has banned coal shipping in Halong Bay to reduce industrial pollution in the World Heritage-listed island seascape, industry officials said.
“We have decided to stop all coal shipping activities in Halong Bay to protect the environment, from November 1,” said Pham Trung Hung, head of the Vietnam National Coal and Mineral Industries Group (Vinacomin).
The group [...]

Protesters block streets of Guinea bauxite towns

October 31st, 2006
Protesters block streets of Guinea bauxite towns

Protesters blocked streets in two bauxite industry towns in Guinea on Monday, accusing authorities in the West African state of failing to use funds to improve roads and living conditions, witnesses said.
The demonstrators, many of them women, used tyres, blocks of wood and pieces of iron to erect barricades in Fria and Kamsar, where some [...]

Alcan Senior Executive underscores importance of successful partnership models

October 31st, 2006
Alcan Senior Executive underscores importance of successful partnership models

Jacynthe Côté, a Senior Vice President of Alcan Inc. and President and Chief Executive Officer of the Company’s Bauxite and Alumina Group stressed the importance of partnering in her remarks at the fourth annual International Cooperation Days (ICD) forum. Organized by the Canadian International Development Agency (CIDA) and its partner, this year’s forum is focused [...]

Petrobras, Repsol Agree to Bolivia’s Oil, Gas Law

October 30th, 2006
Petrobras, Repsol Agree to Bolivia’s Oil, Gas Law

Petroleo Brasileiro SA, Bolivia’s biggest foreign investor, and Repsol-YPF SA agreed to the South American nation’s new energy law, pledging to search for more natural gas deposits.
Petrobras and Repsol were among eight companies that early today signed agreements with the Bolivian government, adding to accords with Total SA and Occidental Petroleum Corp. yesterday.
“The other option [...]