News archive for October, 2006

Results 81 - 90 of about 429 news for the month of October, 2006.

I&M to test wind in Indiana as possible new energy source

October 26th, 2006

Indiana Michigan Power has a range of energy sources — coal, nuclear power, hydroelectric power.
Eventually, wind could be added to the list.
I&M announced Wednesday that it would place meteorological test sites in east-central Indiana to explore the economic and technical feasibility of building a wind farm in the area.
This is the first time for I&M [...]

Global Wind Energy Market is Growing Faster Than Other Renewable Energy Markets

October 26th, 2006

Research and Markets has announced the addition of “Global Wind Energy Market (2006)” to their offering.
Wind energy is among the one of the most effective renewable energy technology to meet the environmental challenges & rising global energy demand. The “Global Wind Energy Market (2006)” report provides research and objective analysis on Global wind energy Industry. [...]

Mine to reopen due to surging gold prices

October 26th, 2006

The Bronzewing gold mine in central Western Australia is set to reopen on the back of climbing gold prices.
The mine and its extraction plant and accommodation village have been mothballed for the past three years after being bought for $9 million by View Resources.
Managing director Tim Gooch says the company has secured debt financing and [...]

Metals - Gold finds support from oil prices and weaker dollar

October 26th, 2006

Gold found support from renewed concerns about inflation as oil prices continued to gain lost ground and as the dollar drifted lower in the wake of the Fed’s decision to keep interest rates unchanged.
“The combination of firmer oil/weaker dollar and the reiteration of inflation risk in the Fed’s statement have given gold a lift,” said [...]

Australia’s Consolidated sticks to nickel target

October 25th, 2006

Australia’s Consolidated Minerals Ltd. said on Wednesday it was on track to boost nickel output to as much as 6,400 tonnes in fiscal 2007, despite lower-than-expected first quarter production due to a mine fatality.
World nickel prices have zoomed to record highs above $32,000 a tonne this month on dwindling supplies of the metal, needed to [...]

Nickel action not over yet in New Caledonia

October 25th, 2006

Contrary to reports late last week, industrial action in New Caledonia is still impacting nickel supplies and SLN is reported as saying that its stockpile of ore supplies at its Doniambo smelter are diminishing to a critical level. The blockade of SLN mines by the local union, CSTNC, is obviously still affecting supplies and has [...]

Berong nickel project gets support from gov’t

October 25th, 2006

TOLEDO Mining Corp. said that its Berong Nickel Project had been granted priority development status by the Mines and Geosciences Bureau (MGB) under the Mining Revitalization Program of the Philippines.
This means the company can expect full support for any government documents required and speedy resolution of any holdups in the developments of its mines.
CEO George [...]

Brazil’s CVRD wins Canada’s Inco to create top world nickel miner

October 25th, 2006

Brazilian mining giant CVRD said it had won control of Canadian group Inco, creating the world’s second-biggest mining concern and the biggest nickel miner in a 15.8-billion-dollar deal.
The announcement appeared to seal CVRD’s bid for Inco and came as big mining companies seek fresh supplies in a global contest over precious metals.
Companhia Vale do Rio [...]

European Energy Stocks, BP Advance as Oil Rises; Banks Decline

October 25th, 2006

European energy stocks, the worst- performing shares in the past three months, gained after crude prices rebounded. BP Plc and Royal Dutch Shell Plc, the region’s largest oil companies, paced the advance.
“We are still positive on oil stocks despite the recent correction in the oil price,” said Sergi Martin, who helps oversees $5.3 billion at [...]

Leasing off Louisiana put off

October 25th, 2006

State persuades U.S. to evaluate possible damage to coast by drilling
The federal government has agreed to postpone a planned oil and gas lease sale scheduled for March to give regulators more time to assess the effects of drilling activity on Louisiana’s fragile coastline.
The Interior Department, as part of an out-of-court settlement with the state of [...]