Daewoo Shipbuilding & Marine Engineering Co Ltd will enter the shipping business by forming a joint venture company with Nigerian National Petroleum Co, Daewoo Shipbuilding said.
The joint venture, tentatively named Nigeria Daewoo Shipping Ltd, will have a capital base of 10 mln usd, with Daewoo Shipbuilding owning 51 pct and Nigerian National Petroleum the rest, [...]

Australian nickel miner, Sally Malay Mining Ltd has withdrawn from a joint venture with Navigator Resources Ltd over the Wills Creek nickel project in Western Australia`s East Kimberley region.
Sally Malay invested A$1.5 million in Wills Creek in the three years from 2004 for which it was entitled to a 70% cut in future profits from [...]

CVRD-Inco continues to work on the Kwe Ouest area of its Goro nickel project in the French overseas territory of New Caledonia, the company said on Friday, weeks after receiving a court order to stop clearing land there.
Brazil’s Companhia Vale do Rio Doce , which controls Inco and its Goro project, received the court [...]

The government may soon organise a road show to attract foreign investment in uranium exploration and mining. The move is significant in the light of the proposed Indo-US civil nuclear energy cooperation, that would pave way for large-scale investments in nuclear power generation.
It is understood that a decision to outsource uranium exploration has been taken [...]

Perth-based uranium resource company Prime Minerals will list its shares for trading this coming Wednesday, 3 January 2007, following the closure of its oversubscribed Initial Public Offer to raise A$2.2m.
As part of the IPO, Prime will issue 11,000,000 Shares at an issue price of 20 cents per Share and at listing will have a market [...]

WESTERN province Governor Dr Bob Danaya has called for the immediate abolition of the Mineral Resource Authority (MRA).
Dr Danaya said the setting up of MRA was improper and also criticised the Mining Department for the exploitation of landowners’ mineral resources.
“Parliament had bulldozed the legislation without any serious thought on the implications it would create on [...]

Ricardo Malavazi, investment director of Fundacao Petrobras de Seguridade Social, Brazil’s second- largest pension fund, said mining, steel and agriculture stocks remain attractive in the medium and long-term.
“These sectors are very competitive and will likely remain so in the next ten years,” Malavazi said in an interview in Sao Paulo.
The pension fund for Petroleo Brasileiro [...]

The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed Dec. 29. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor’s/TSX Composite Index fell 1.15, or 0.01 percent, to 12,908.39 [...]

The remains of one of 65 coal miners killed nearly a year ago in a mine blast have been recovered, officials in this northern Mexican state said Monday.
The remains of 63 other miners have yet to be found. In June, rescuers found the body of one other miner, but tons of wood, rock and metal [...]

Mirabela Nickel, an Australian company planning to develop a nickel mine in the Brazilian state of Bahia, has won environmental approval for the project.
Construction on the Santa Rita nickel sulfide project can begin once an environmental management plan and feasibility study has been approved.
The project is on schedule to get all necessary licenses by April.