Kiwi magnate eyes Alcoa offshoot
Mr Hart’s Rank Group already owns a world-scale packaging operation and has sometimes been mentioned as a possible bidder for Australia’s Amcor. The deal will allow Alcoa, which has been a prime takeover target since its bid early this year for Canada’s Alcan was trumped by Rio Tinto, to concentrate on its bauxite, alumina and aluminium metal businesses. Higher raw material costs...
UK Coal poised to reject approach from Austrian investor Meinl
UK Coal, Britain’s biggest coal supplier, is understood to be planning to dismiss an informal approach from Meinl, an Austrian investor, to buy the company’s coal and power generation units. UK Coal received a letter last week from the board of Meinl saying it was interested in purchasing the company’s operations, excluding its property interests, and proposed a meeting with management...
Coal India lines up Rs 20,000 crore for expansion plans
PUBLIC SECTOR coal giant Coal India Limited (CIL) is foraying into the power generation space and plans to invest over Rs 20,000 crore for the development and acquisition of new and existing coal mines over the next 5 years. CIL plans to ramp up coal production to a level of 521 million tonne by 2012 from the current level of 361 million tonne through a mix of re-development and acquisition initiatives...
Cameron targets ‘green coal’ goal
The coal either has its CO2 removed, or captured after burning, to prevent it ending up in the atmosphere. The Tory leader said his government would ensure all coal-fired power stations would be fitted with developing “carbon capture” technology. Speaking in China, Mr Cameron also said countries whose industry grew later had less responsibility on emissions. Read More →
Uranerz Submits Uranium Mining License and Permit Applications for Nichols Ranch and Hank Projects
Uranerz Energy Corporation is pleased to announce that it has submitted applications to the U.S. Nuclear Regulatory Commission (“NRC”) and the Land Quality Division of the Wyoming Department of Environmental Quality (“WDEQ”) for licenses and permits to construct and operate in-situ recovery (“ISR”) uranium facilities on its Nichols Ranch and Hank projects located...
Newmont Mining Says Calarco Succeeds Murdy As Chairman
Newmont Mining Corp. (NEM) elected Vincent Calarco as non-executive chairman, effective Jan. 1. The Denver gold company said Calarco succeeds Wayne Murdy, who will retire at the end of the year. Newmont Mining said Calarco joined the board in 2000 and currently serves as chairman of the corporate governance and nominating committee and a member of the audit committee. Read More →
Integrated Manufacturing-Assembly Plant for Solar-Thermal Electric and Power Transmission Grid’s Components Lands in Barstow, California, USA
First ever plant, in synergy, at one location, powered, heated and cooled by own utility-scale solar-thermal electric, multi-fuel merchant power plant. For Immediate Release ”“ Las Vegas–Barstow, CA, Mojave Desert — Ecosystem Solar Electric Corp. (ESE) and Solar MW Energy Inc. (SME), — the designers and developers of utility-scale solar thermal electric multi-fuel power plants...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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