Atlas Consolidated Mining and Development Corp. said Monday its consolidated net income in 2006 declined to P47 million from P85.4 million a year earlier.
Income at parent level, however, was higher at P272 million on the back of retiring liabilities and market-to-market gain on restructured debt.
Alfredo Ramos, president and chairman of Atlas, said the company’s total [...]

BRAZIL’S Companhia Vale do Rio Doce has signalled its confidence in the nickel market by granting final board approval for the $US3.2 billion Goro laterite project in New Caledonia, despite years of delays, cost blowouts and disputes with locals.
Goro has been one of the most-watched nickel developments in the world amid speculation CVRD could cancel [...]

Energy Exploration Technologies Inc. announces that the Company is featured in NICKEL’S New Technology Magazine, April/May, 2007 issue, titled “Showing the Way - New Large Area Survey Technology Narrows The Search for Oil and Gas” and a related editorial. The article and editorial provide an overview of the SFD technology and discuss SFD Survey System [...]

Australia’s Allegiance Mining NL said on Monday it has stockpiled 10,000 tonnes of nickel-bearing ore and is on track to start milling operations at its Tasmanian project in the fourth quarter of calendar 2007.
Allegiance is developing its Avebury mine 7 km (4 miles) outside the mining town of Zeehan on Australia’s Tasmania island.
It plans to [...]

Australia’s Africa-focused miner Albidon Ltd said on Monday it had secured $60 million of senior debt financing from two major European banks for its flagship nickel project in Zambia.
“The European Investment Bank (EIB) and Barclays Capital have formally approved and signed a senior debt finance facility of up to US$60 million for the Munali Nickel [...]

A nickel project on Indonesia’s Sulawesi island involving Rio Tinto Ltd/Plc should be agreed under existing mining laws to ensure it is attractive, the CEO of the mining firm said on Monday.
The comments by Tom Albanese highlight concern among mining firms over a draft mining law currently being debated by Indonesia’s parliament which includes plans [...]

President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply.
Chavez also raised the idea of issuing a regional bond to raise [...]

Italian energy group Eni said Monday it had acquired the oil production operations in the Gulf of Mexico of the US firm Dominion Resources for 4.757 billion euros (6.5 billion dollars).
The assets acquired by Eni include production, development and exploration structures.
Eni said that with the acquisition its oilfield output should come to an average [...]

Seven Chinese oil workers abducted by Ethiopian rebels after a deadly attack on an oil venture arrived here Monday, a day after being freed.
The hostages arrived in Addis Ababa aboard a military helicopter from the country’s eastern Ogaden region, where they had been held since last Tuesday, when the rebel Ogaden National Liberation Front (ONLF) [...]

Consolidated Oil & Gas, Inc., a publicly traded Energy and Exploration Oil & Natural Gas company, is pleased to announce they have entered into a contract to purchase existing oil production in the Taylor-Ina Field in Medina County, Texas. Existing production ranges from 240 to 270 barrels per month from approximately 14 well bores.
Consolidated plans [...]