News archive for February, 2007

In Chinese coal town, black gold for some is black death for others

February 28th, 2007
In Chinese coal town, black gold for some is black death for others

Coal may be Shanxi’s black gold, but it is the peasants of this north Chinese province who have to live with the consequences as their homes sink, water supplies dwindle and pollution worsens.
Xiaoqinghe, a small market town perched on top of a hill in Shanxi, has a beautiful name that is somewhat at odds with [...]

N.C. Regulators OK 1 of 2 Generator Sought at Duke Plant

February 28th, 2007
N.C. Regulators OK 1 of 2 Generator Sought at Duke Plant

Duke Energy Corp. may build only one 800-megawatt coal-fired generator at its aging facility in western North Carolina, not the two the utility has sought for nearly two years, the state Utilities Commission ruled Wednesday.
The Charlotte-based company said it needed the generators to meet increasing consumer demand.
Environmentalists argued Duke had failed to consider cleaner power-generating [...]

Global Uranium and Forum Uranium Complete Phase I Drilling at Orchid Lake

February 22nd, 2007
Global Uranium and Forum Uranium Complete Phase I Drilling at Orchid Lake

Global Uranium Corp. and Forum Uranium Corp. are pleased to announce that nine holes comprising of 1,140 metres of drilling have been completed on the Orchid Lake project.
The targets on the Orchid Lake property are shallow, basement-hosted, unconformity-type uranium deposits. The project is located 20 kilometres west of the Cameco/AREVA Key Lake Uranium Mill [...]

Mawson identifies high-grade uranium at Stensjodalen in Sweden

February 22nd, 2007
Mawson identifies high-grade uranium at Stensjodalen in Sweden

Mawson Resources Limited. Michael Hudson, President & CEO, announces the staking of the Stensjodalen and Stensjodalen South uranium prospects in Northern Sweden. The project area lies three kilometres northwest of Mawson’s Klappibacken project and is contained with the 100%-owned Hotagen nr 1 exploration permit of 5273 hectares.
At the Stensjodalen prospect, a granite host rock with [...]

Top 5 Largest Uranium Miners

February 22nd, 2007
Top 5 Largest Uranium Miners

Ever wonder who the top uranium miners are? Here are top 10 uranium-producing countries by tonnes U, and the top 5 uranium miners by market capitalization. You’ll notice some interesting relationships in the country data, and may recognize a name or two in the market cap section. These are just some ideas to get [...]

Uranium Assays at Godbout “B” Property

February 22nd, 2007
Uranium Assays at Godbout “B” Property

Quinto Mining would like to inform its shareholders that we have received assay results on a recently completed channel sampling carried out on one pegmatite dyke on the Block “B” Godbout uranium property located near Baie Comeau, Quebec. The Godbout A and B properties are subject to a recently announced option with BacTech Mining Corporation [...]

Mega Announces Wide Intersections of greater than 0.1% U3O8 in its Validation Drilling of the Maureen Uranium Resource, Queensland, Australia

February 22nd, 2007
Mega Announces Wide Intersections of greater than 0.1% U3O8 in its Validation Drilling of the Maureen Uranium Resource, Queensland, Australia

Mega Uranium Ltd. is pleased to announce encouraging results in the first batch of assay results received from 11 holes in the 50 hole, 3895 metre RC/diamond core validation drilling programme undertaken on its Maureen uranium resource in the last quarter of 2006 (see table 1 below). Maureen, located in the Georgetown region of Queensland, [...]

Iran continues uranium enrichment

February 22nd, 2007
Iran continues uranium enrichment

Iran has expanded its uranium enrichment program instead of complying with a U.N. Security Council ultimatum to freeze it, the U.N nuclear watchdog agency said Thursday. The finding clears the path for harsher Security Council sanctions against Tehran.
“Iran has not suspended its enrichment-related activities,” said the International Atomic Energy Agency, basing its information on material [...]

Woodside Petroleum Reports 29 Percent Rise in Profit for 2006

February 22nd, 2007
Woodside Petroleum Reports 29 Percent Rise in Profit for 2006

Higher production and oil prices fueled a 29 percent rise in yearly net profit for Australia’s Woodside Petroleum Ltd., which reported earnings of 1.43 billion Australia dollars (US$1.12 billion; euro850 million) in 2006.
The Perth-based corporation — Australia’s biggest dedicated oil and gas company — said Wednesday its production for the 12 months to Dec. 31 [...]

Ultra Petroleum posts record yearly earnings

February 22nd, 2007
Ultra Petroleum posts record yearly earnings

Production increases drove Ultra Petroleum Corp. to record year-end earnings.
Net income for 2006 was a record $231.2 million, or $1.43 per diluted share, on revenue of $592.7 million, compared with net income of $228.3 million, or $1.41 per share, on revenue of $516.5 million for the same period in 2005.
The Houston-based exploration [...]