A group of businessmen in the Subic Bay Freeport has opposed the construction of a 300-megawatt coal-fired power plant on the freeport’s Redondo Peninsula, saying the cheaper electricity was not worth the environmental trade offs.
In a position paper submitted to the Subic Bay Metropolitan Authority on Friday, the Subic Bay Freeport Chamber of Commerce (SBFCC) [...]

Gazprom, the world’s largest producer of natural gas, and Russia’s largest enterprise, has disclosed that it is considering a plan to explore for gas and oil in Equatorial Guinea.
A Gazprom spokesman told Mineweb that Gazprom’s deputy chief executive, Alexander Medvedev, was in Equatorial Guinea this week, and met the President, the Minister of Power, and [...]

The nation’s mining sector is on the threshold of a major expansion, as the 2nd International Mining Investment Conference and Exhibition on Nigeria (IMICON 2007) will take place from February 13 to 15 2007, at the Transcorp Hilton Hotel, Abuja.
The forum, described as the biggest annual mining event in the country, is being organised by [...]

PRB Energy, Inc. announced closing of the previously announced transaction involving the acquisition of 13 wells, consisting of 12 gas wells and one water disposal well, and approximately 330,000 net acres in northeast Colorado and southwest Nebraska for $11.7 million in cash. The production and future development activities are in the Niobrara formation. As previously [...]

Prime Minister John Howard urged Australia’s regional governments to end bans on new uranium mines that prevent the nation from tapping soaring demand for the reactor fuel.
The nuclear power boom provided a “timely opportunity,” Howard said today, releasing a government report that supported an end to the bans, enrichment of the metal for use in [...]

A veteran of the Western Kentucky coal industry has announced plans to open a mine in Webster County in the coming years.
Ron Siler of Newburgh released a statement that his company, Henderson-based Pact Resources LLC, is seeking permits for an underground mine near Sebree that could someday employ 120 to 140 miners.
Annual wages are projected [...]

The world’s largest steelmaker, Arcelor Mittal, signed an iron ore mining contract with Liberia that promises to pour more than a billion dollars (760 million euros) in investment into the war-ravaged state.
“This is a landmark project for both Liberia and for Mittal Steel,” said the head of the steelmaker’s Liberian operations, Joseph Mathews, before the [...]

Chief ministers of three mineral rich states Wednesday opposed recommendations of a central government committee on the country’s mining policy saying they were against the interest of their states.
Naveen Patnaik of Orissa, Raman Singh of Chhattisgarh and Madhu Koda of Jharkhand discussed various problems of their states at a conclave here, a top official of [...]

The Renville County Com-missioners have taken the first step in bringing about some closure to the Duininck Bros. saga that has unfolded concerning the hard rock mine located on the north side of the Minnesota River along CSAH 101 in Section 20 of Beaver Falls Township.
The mine, which was errantly opened in the Wild and [...]

A disclosure from the Murmansk region of northwestern Russia that a delegation of Barrick officials recently tabled a plan to invest more than $600 million to mine for platinum group metals (PGM) has drawn a sharp denial from Norilsk Nickel, Russia’s dominant PGM miner.
“I’ve never heard of anything regarding this project,” Norilsk Nickel’s spokesman Victor [...]