Archive for September, 2007

MiningWorld Central Asia 2007 and Kazcomak 2007 Exhibitions

Tuesday, September 11th, 2007

On 19-21 September 2007, Almaty will host MiningWorld Central Asia 2007 and Kazcomak 2007 exhibitions in Pavilions 9B and 9A of Atakent KBCC as well as outdoors in front of the Pavilions. Over these thirteen years, MiningWorld Central Asia has become the largest mining and metallurgical forum annually providing venue for mining industry specialists,... readmore

India coal must allow foreign equity – MMTC Chairman

Tuesday, September 11th, 2007

India’s coal mining sector must eventually open up to allow foreign companies to own equity stakes if much-needed domestic production is to rise as fast as possible, state-run MMTC Chairman Sanjiv Bhatra told Reuters on Monday. “For India as a whole there is no alternative but to open up to foreign investments through privatisation,”... readmore

Construction Begins on Southerns Advanced Coal Facility in Florida

Tuesday, September 11th, 2007

Energy provider Southern Co. said Monday construction has begun on what it called an efficient, low-emission coal facility which will help the company meet increased power demand. The facility, at the Stanton Energy Center in Orange County, Fla., will turn coal into synthetic gas for generating electricity, while reducing emissions of sulfur dioxide,... readmore

Antam, UC Rusal agree to develop Indonesia`s bauxite deposits

Tuesday, September 11th, 2007

Publicly-listed mining company PT Antam Tbk of Indonesia and UC RUSAL of Russia have agreed to jointly develop bauxite deposits in Indonesia. Antam President Director D. Aditya Sumanagara and UC RUSAL Director for International and Special Projects Alexander Livshits signed a heads of agreement to that effect here on Thursday in front of President Susilo... readmore

Parallel Petroleum Chief Financial Officer Steven D. Foster Sells 10,863 Shares

Thursday, September 6th, 2007

The chief financial officer of oil and natural gas producer Parallel Petroleum Corp. sold 10,863 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed with the SEC Tuesday, Steven D. Foster reported he sold the shares Friday for $17.65.

Canadian Pacific looks to coal future in $1.48B purchase of DM&E

Thursday, September 6th, 2007

Canadian Pacific Railway Ltd. (TSX:CP) is expanding in the U.S. Midwest by paying at least US$1.48 billion for the Dakota, Minnesota & Eastern Railroad Corp., a move that will help CP Rail extend its coal and agriculture business. “It complements what we do and creates a new footprint for growth,” chief executive officer Fred Green... readmore

Vale to Build New Coal Terminal at Mozambiques Beira Port

Thursday, September 6th, 2007

Cia. Vale do Rio Doce plans to build a terminal at Beira port in Mozambique to export coal from its planned Moatize mine. The terminal will be able to handle 12 million metric tons a year and will have a storage capacity of 600,000 tons, Cezar Medina of Rio Doce Mozambique said at the Coaltrans conference in Johannesburg today.

ALCAN Intl NETWORK Opens First Commercial OFFICE IN Vietnam

Thursday, September 6th, 2007

Alcan Inc. announced that is has opened a new Alcan International Network office in Hanoi, Vietnam. The office, composed of a local sales and marketing team, will offer Alcan and its customers expertise in metals, minerals and downstream products. “Vietnam has shown rapid growth in recent years and is proving to be a highly attractive market”,... readmore

Saudi Canadian commences Az Zabirah works

Thursday, September 6th, 2007

After signing a five-year deal with the Saudi Arabian Mining company (Maaden), the Saudi Canadian Mining Services mobilized major capital equipment worth $14 million to Az Zabirah North Zone Kaolin & Bauxite Project for the execution the contract, Arab News reported. The Chief Executive Officer at the Saudi Canadian company said that it had already... readmore

Russias UC RusAl may build plant in Indonesia

Thursday, September 6th, 2007

Russian aluminum giant United Company RusAl said Monday it was considering establishing a bauxite and alumina processing complex in Indonesia. Media quoted representatives of Indonesian mining company Antam as saying earlier Monday that there were plans for a joint project with UC RusAl to set up a plant in the southeast Asian country at a cost of $220... readmore