PetroSun, Incorporated is pleased to announce that its wholly owned subsidiary, PetroSun BioFuels Australasia, has entered into a Letter of Intent with Icon Drilling of Brisbane, Australia. The purpose of the transaction is to create a publicly traded alternative fuel company in Australia. Icon Drilling is a wholly owned subsidiary of Icon Energy that is [...]
Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited of [...]
Cue Capital Corp. is pleased to announce that contracts have been signed for two drill rigs to work on the Yuty Uranium property in the Republic of Paraguay, with drilling expected to commence early June 2007. The contracts have been signed between Empire Drilling, of Lima Peru, and SEMINSA, the project operating company in Paraguay. [...]
A conservation group is suing to stop energy exploration in a national wildlife refuge next to the Great Sand Dunes National Park in south-central Colorado.
The lawsuit filed Tuesday in U.S. District Court by the San Luis Valley Ecosystem Council claims that the U.S. Fish and Wildlife Service violated federal law by failing to conduct an [...]
The UK’s Drax Group, the operator of Britain’s largest coal-fired power plant, has halted purchases of South African and Russian coal from January 2008 in order to stay within the emission limits imposed from that date.
It’s called the Centennial Project and its goal is to extract millions of pounds of uranium from the land in Weld County.
However, those living in the area are expressing concerns over how it will be removed.
A group of residents living in and around the town of Nunn are worried about groundwater contamination.
“We’re concerned about the [...]
Uranium miner Uranium Resources Inc. said Friday it swung to a first-quarter loss from a year-ago profit that included hefty gains, but the uranium miner’s shares hit a new year-high as revenue surged on higher selling prices.
Losses totaled $1.4 million, or 3 cents per share, compared with last year’s profit of $32.2 million, or 73 [...]
After over 15 years of uncertainty, uranium mining in Meghalaya took a step towards reality with the State’s Pollution Control Board (MSPCB) finally deciding to hold a public hearing at the proposed site for open cast mining.
Public hearing is mandatory as per guidelines of the Ministry of Environment and Forests.
According to MSPCB member secretary D [...]
Exposure to particles of depleted uranium (DU), the source of growing international concern as a potential health hazard, may increase the risk of genetic damage and lung cancer, scientists in Maine conclude in a report scheduled for the May 21 issue of ACS’ Chemical Research in Toxicology, a monthly journal.
DU is the material remaining after [...]
With the spot price of uranium rising at exponential rates, uranium miners are flying high following decades of depressed prices and little new mine development or exploration activity. Shares of Denison and Energy Metals Corp. umped 5% last week following rumours that they were on the acquisition radars of Cameco and France’s Areva, two [...]
