CERA Finds Power Plant Costs Doubled

A new report from Cambridge Energy Research Associates (CERA) says the cost of building a new power plant has more than doubled since 2000. Wind energy showed the biggest rise in costs — 6 percent since the third quarter of 2007 and 108 percent since 2000 — as rising demand for wind turbines boosted equipment costs and time to deliver. CERA says costs fell slightly in the past six months,... 

Tag: cera mining

Mine safety hearings will continue

The federal Mine Safety and Health Administration’s report on last year’s fatal explosion at the Kentucky Darby Mine No. 1 will not be the final word on the accident. The report, issued Thursday night, said the operator ignored vital safety standards and procedures. Five miners died in the May 20 blast. On Capitol Hill, the promised oversight of mine safety will continue in early May, when... 

Soaring platinum brings mining rebound

Miners were in the spotlight today, as platinum prices climbed 11% in early trading to a record high, before later giving back some of their gains. Dealers said the platinum market was small compared with gold and silver, and was very illiquid, leading to volatile price movements. Part of the rise today was due to increasing demand from jewellers ahead of Christmas, but there is also growing talk of... 

Tag: african marine minerals corporation

Rancher Energy Corp. Announces 3rd Oil & Gas Acquisition in Powder River Basin, Wyoming

Rancher Energy Corp. is pleased to announce that it has entered into an agreement to acquire sizeable interests in a prospective oil play in Wyoming’s Powder River Basin. Under the terms of the purchase and sale agreement, and subject to completion of financing, Rancher Energy now has a definitive agreement in place that comprises a 100% working interest (approximately an 80% net revenue interest)... 

Nickel merger is a mining disaster

What started last fall as a straightforward merger between Sudbury’s two long-time nickel producers threatens to become a sell-off to U.S. interests of a huge chunk of Canada’s mining industry ”” one of our few industries in which Canadians still call most of the shots. The proposed $40 billion (U.S.) mega-merger announced yesterday among the Canadian industrial icons Inco Ltd....