Tanzania might become a ship building nation in future following the discovery of large quantities of Niobium, a salt resistant mineral at Panda Hill in Mbeya region.
The Southern Highlands Mining Officer, Alex Magayane told this paper in Mbeya last week that prospecting and environmental impact assessment had already been done by two companies, adding [...]

Friendly Energy Corp. (Other OTC:FDEG.PK) announces today that the company has created a wholly owned subsidiary, for the purpose of establishing a Oil and Gas drilling division. Management has entered into discussions with a manufacturing agent for the purpose of contracting the construction and assembly of a drill rig capable of drilling to a total [...]

Arizona’s mining industry is helping to fuel the building boom throughout the Southwest.
Gypsum mines around the state, including one in Winkelman, indirectly are supplying contractors in Tucson, Phoenix, Las Vegas and other hot building markets with wallboard and cement, two essential building products.
Demand for the building materials has resulted in the expansion of gypsum [...]

Sinopec, China’s second-biggest oil company, agreed to buy an oil-producing unit of a venture controlled by BP Plc, the Asian nation’s first significant asset in Russia.
The sale of OAO Udmurtneft will be completed in “the near future,” TNK-BP said today in an e-mailed statement. The value of the transaction wasn’t disclosed. The unit is worth [...]

Cnooc Ltd., China’s largest offshore oil producer, said the hydrocarbon potential in a gas discovery with Husky Energy Inc. in the South China Sea requires “further verification” and advises investor caution.
The discovery in the Pearl River Mouth Basin may contain as much as 6 trillion cubic feet of gas, Calgary-based Husky said in a statement [...]

On June 19, Garth Braun, CEO of Cheetah Oil and Gas Ltd. (OTC Bulletin Board: COGL - News) updated the investment community in an exclusive interview with www.wallst.net . Topics covered in the interview include an overview of the Company and its working interest properties, recent press releases, current capitalization, and upcoming strategic and financial [...]

British Energy, which runs eight nuclear power stations and one coal-fired plant, also said adjusted earnings before interest, tax, depreciation and amortization for the year to end-March was 846 million pounds ($1.56 billion).
The result, its first full-year earnings since its financial restructuring in early 2005, compared with an average forecast of 855 million pounds in [...]

Asian Mineral Resources Ltd. received Vietnamese government approval for its reserve estimates at a property that may become the site of the first nickel mine in the Southeast Asian nation.
The Ban Phuc property in the northern Vietnamese province of Son La holds proved and probable contained nickel resources of 24,240 tons at a grade of [...]

When scientists examined a meteorite from Mars under a microscope, they discovered tiny mineral spheres that, some argued, were produced by living organisms. Now, researchers working in the high Arctic have found similar mineral features, produced not by microbes, but by a volcano.
The city of Hammerfest lies at the northern tip of Norway, well above [...]

Russia’s Natural Resource Minister Yury Trutnev said in an interview with Interfax that the ministry has proposed new criteria regarding volume of mineral resources to list a field in the strategic category.
The new criteria will significantly increase the list of oil and gas fields. Now, if these criteria are approved, about 30 oil [...]