Norway’s Norsk Hydro has agreed with Australia’s United Minerals Corporation (UMC) to explore the possibility of bauxite mining and alumina refining in the Kimberley region of Western Australia.
“A final agreement would give Hydro a 75 percent holding in a potential bauxite and alumina project, in line with Hydro’s strategy to grow in primary aluminium production [...]

Cape Alumina Pty Ltd., part owned by Chinese aluminium group Chiping Xinfa Huayu Alumina Co Ltd., has gained approval to look further afield for bauxite in Australia, underscoring China’s hunger for the raw aluminium-making material outside its borders.
Cape Alumina is prospecting in Australia’s bauxite-rich Cape York region, where world No.2 miner Rio Tinto Ltd./Plc. also [...]

Jaguar Nickel Inc. reported results for its first quarter ended March 31, 2007 of its 2007 fiscal year. The net loss for the quarter was $716,912, primarily relating to a mark to market unrealized net loss on the Company’s investment portfolio. This compared to a net profit of $2,064,715 in 2006, relating largely to [...]

Norilsk Nickel has boosted its investment program by 50 percent to RUR34bn (approx. USD1.32bn), the company’s General Director Denis Morozov said in the interview for Norilsk Nickel’s corporate magazine. He explained that the company needed heavy investment in its production. Therefore, Morozov said that Norilsk Nickel would hike its ore production from 21m tonnes to [...]

Universal Energy Corp., following its business plan for the rapid expansion of its oil and gas business, has entered into a participation agreement for another significant oil and gas prospect in Southeastern Louisiana.
Known as Lake Campo, this 3-D prospect has proven but undeveloped reserves that are located in the prolific Middle Miocene Trend, which stretches [...]

Oil and Gas Executives say government involvement in supporting the development of renewable energy sources is necessary to alleviate the problem of declining oil reserves, according to the results of a survey conducted by KPMG LLP, the audit, tax and advisory firm.
In the KPMG survey, which polled 553 financial executives from oil and gas companies [...]

Petrolifera Petroleum Limited announced that since March 31, 2007, the end of the last reporting period, 5,921,907 share purchase warrants, each of which entitled the holder to acquire one common share of Petrolifera from treasury at a price of $3.00 per common share, were exercised prior to expiry on May 8, 2007. Accordingly, a like [...]

-Berry Petroleum Company completed the previously announced sale of its non-core West Montalvo assets, near Ventura, California. The sales price based on the January 1, 2007 effective date is $63 million, subject to customary adjustments.
About Berry Petroleum Company
Berry Petroleum Company is a publicly traded independent oil and gas production and exploitation company with its headquarters [...]

Roxi Petroleum, a company formed to buy controlling interests in and develop oil and gas assets in Central Asia, (initially Kazakhstan), is planning a listing on AIM with the issue of 168,207,490 ordinary shares at 38 pence each.
The company said it expects to raise 38.9 million stg before expenses and to have a market capitalisation [...]

Petroleum Capital Holdings Ltd. (PCH) might cancel a deal with Israel Corp. (ILCO.TA) to buy an additional stake in Oil Refineries Haifa (ORL.TA) on the Tel Aviv bourse unless it receives government approval soon, the main shareholder in PCH said on Sunday.
Israeli Prime Minister Ehud Olmert and Finance Minister Abraham Hirchson had requested additional information [...]