News archive for June, 2007

Author explores town and its mine fire

June 17th, 2007
Author explores town and its mine fire

Nearly a half-century after it began, the voracious mine fire that doomed this coal town in the mountains of northeastern Pennsylvania continues to burn hundreds of feet underground, uncontrolled and uncontrollable.
The fire began in 1962 at the town dump and ignited an exposed coal vein, eventually forcing an exodus that emptied Centralia of more than [...]

Gold mining returns to Arctic as Miramar prepares Doris North site

June 17th, 2007
Gold mining returns to Arctic as Miramar prepares Doris North site

Gold is returning to the North as Miramar Mining (TSX:MAE) readies a site along Canada’s Arctic coast for the first new gold mine development in a generation.
“It’s a great opportunity to see it coming back,” said Larry Connell, Miramar’s environmental manager.
Crews are now quarrying rock near the Vancouver-based company’s Doris North deposit in Nunavut and [...]

Niger plans audit of foreign, local mining firms

June 17th, 2007
Niger plans audit of foreign, local mining firms

Niger’s government is planning its first ever audit of mining and energy firms as foreign explorers flock to its expanses of mineral-rich desert, the West African country’s government said.
The world’s third largest uranium producer last year changed its mining law to allow the government to audit foreign firms, in line with the Extractive Industries Transparency [...]

Norilsk Nickel Offer for LionOre Receives Norwegian Approval; Norilsk Extends its Cdn$27.50 All-Cash Offer

June 17th, 2007
Norilsk Nickel Offer for LionOre Receives Norwegian Approval; Norilsk Extends its Cdn$27.50 All-Cash Offer

OJSC MMC Norilsk Nickel announced that Norilsk Nickel’s proposed acquisition of control of LionOre Mining International Ltd. (Nachrichten) (”LionOre”) (Toronto Stock Exchange symbol: “LIM”; London Stock Exchange symbol: “LOR”; Botswana Stock Exchange symbol: “LIONORE”), which was notified in Norway on May 21, 2007, has been approved under the Norwegian Competition Act of 5 March 2004 [...]

Nickel’s golden sheen starts to dim

June 17th, 2007
Nickel’s golden sheen starts to dim

Recent decreases in the price of nickel do not signal a break in the extraordinary times enjoyed by the industry, including Greater Sudbury miners, observers say.
“The fundamental market, the premiums in the nickel business are still holding up very strong. They haven’t changed at all,” Montreal-based nickel analyst Terry Ortslan said Friday.
After falling below US [...]

China oil refinery threatens Costa Rica environment: groups

June 17th, 2007
China oil refinery threatens Costa Rica environment: groups

An oil refinery would jeopardize Costa Rica’s environment as planned by a Chinese company known as a polluter, environmental groups said Saturday.
Oilwatch Mesoamerica and other groups warned that recent agreements between China and Costa Rica included a refinery built by China Petroleum Corporation.
“We are studying the history of this company, which has little concern [...]

Storm Cat Energy Corporation to Present at CAPP Oil & Gas Investment Symposium

June 17th, 2007
Storm Cat Energy Corporation to Present at CAPP Oil & Gas Investment Symposium

Storm Cat Energy Corporation announced that Keith J. Knapstad, Acting President and Chief Executive Officer, is scheduled to present at the 2007 Canadian Association of Petroleum Producers (CAPP) Oil & Gas Investment Symposium in Calgary, Alberta on June 19th.
The Company’s presentation will take place at 10:20 am MDT on Tuesday, June 19th and will be [...]

ProEx Energy to present at CAPP Oil & Gas Investment Symposium

June 17th, 2007
ProEx Energy to present at CAPP Oil & Gas Investment Symposium

Mr. David Johnson, President and CEO of ProEx Energy Ltd. (”ProEx” or the “Company”) will present at the 2007 CAPP Oil & Gas Investment Symposium on Tuesday, June 19, 2007 at 3:50 p.m., Calgary time and on Wednesday, June 20, 2007 at 8:00 a.m., Calgary time.
A live webcast of the ProEx presentation on Tuesday, June [...]

Progress Energy Trust to Present at CAPP Oil & Gas Investment Symposium

June 17th, 2007
Progress Energy Trust to Present at CAPP Oil & Gas Investment Symposium

Progress Energy Trust (”Progress” or “Trust”) today announced that it will be presenting at the CAPP Oil & Gas Investment Symposium 2007 in Calgary.
Mr. Michael Culbert, President and Chief Executive Officer of Progress, will present at 11:25 a.m. (1:25 p.m. Eastern time), on Monday, June 18. Interested investors may access the audio webcast and [...]

Qatar Plans to Invest $20 Billion in Foreign Oil, LNG Projects

June 17th, 2007
Qatar Plans to Invest $20 Billion in Foreign Oil, LNG Projects

Qatar Petroleum Corp. will invest or is negotiating investments abroad worth $20 billion, including a $7 billion oil refinery in Panama with Occidental Petroleum Corp., Qatar’s energy minister said.
Qatar Petroleum International, the state-owned company’s foreign investment arm, has “teamed up” with Occidental to build a 350,000 barrel-a-day oil refinery in the Central American country, Abdullah [...]