Tasman Metals Ltd. Mr Mark Saxon, President and CEO, provides an update on developments regarding the Company’s 100% owned Norra Karr Rare Earth Element (REE) project. The drill program currently underway is nearing its conclusion with approximately 80 per cent of the program completed. In addition, a collaborative research project has been initiated, under the guidance of renowned REE expert...
Petro America Corp (PTRZ) announced that it will adopt a gold standard from its Gold Mine acquisition interest to create greater share value for its shares. With the consistently high prices of Gold, this is an excellent way to hedge and maintain share value. The company is preparing to file the necessary financial information with the SEC, and is excited about its gold mine acquisition interest and...
Caterpillar Inc. opened MINExpo International 2008 today with the largest and most comprehensive state-of-the-art indoor exhibit in the history of the exposition. The event, which runs September 22-24 at the Las Vegas Convention Center, will highlight Caterpillar’s mining products, services, technology and people. With over 40,000 square feet of floor space, the Caterpillar exhibit is the largest...
Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd. , and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has increased its ownership in the Mamahak Coal Project in East Kalimantan, Indonesia, from 56% to 85%. The original Joint Venture Agreement with Score Resources Ltd. included a provision allowing for SouthGobi to increase its ownership...
Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, are pleased to announce today that an independent estimate compliant with National Instrument 43-101 has sharply increased resources at the company’s Ovoot Tolgoi coal project in Mongolia. The new report shows that Ovoot Tolgoi’s West Field now contains Measured...
Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion. Under the terms of the agreement, for each share of Alpha common stock, Alpha stockholders would receive 0.95...
Construction major Larsen & Toubro Ltd. (L & T) has bagged a contract worth 28 million euros ($ 44.13 million or Rs.1.70 billion) from China, the world’s largest and heaviest coal gasifier plant. The Hebi Coal and Electricity Ltd., a subsidiary of Zhong Yuan Coal Chemical Industry Group’s mission. Information of the Bombay Stock Exchange (BSE), an official communiquã© published...
Some 1,500 coal miners staged a mass rally on Thursday on the front lawn of the state Capitol to protest legislation that they fear could eliminate their jobs. The rally came two days after lawmakers narrowly defeated a bill aimed at stopping mining companies from blasting off mountaintops to expose coal deposits. Gov. Steve Beshear made a brief appearance at the rally to pledge his support to the...
BP Plc and Rio Tinto Plc formed a joint venture, Hydrogen Energy, to develop technology for producing power from coal, oil and natural gas without emitting the gases blamed for global warming. Rio will pay $32 million to BP to form the equally owned venture, which includes two planned BP hydrogen-fuel projects in Scotland and California that will cost at least $1 billion each. “Projects such...
Environmental groups warn of new pollution if state permits coal-burning plant in Early County To make their point, they stood along River Street with a large inflatable coal power plant with smokestacks bearing labels such as “acid rain” and “mercury poisoning.” A few tourists gathered nearby as representatives from three Georgia-based environmental groups called on Gov. Sonny...