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Random News from Mining Top News

Park City may be losing signs of mining heritage

As the boom in this former mining town increasingly draws people and their creature comforts to its destination ski resorts and lodges, Park City has some tough decisions to make.
A new report warns that continued construction and remodeling could cost the town its spot on the National Register of Historic Places.
Modifications being made to aging [...]

Bangladesh holds huge intact coal energy

As uncertainty clouds the mining of county’’s abundant wealth of coal, government has missed a deadline for doubling the current volume of power by generating an additional 4,000 megawatts of electricity under a master plan, reports UNB.
Eight new power plants, having a total 4,000MW capacity, were planned for setting up by 2005 as per the [...]

Tag: coal production fields in bangladesh, coal as an alternative fuel in bangladesh, prospects of mining eqpt in bangala desh, scenario power plant in bangladesh, coal reserves in bangladesh

South Korea buys oil sands mine

South Korea intends on buying an oil sands mine in Cold Lake with a capacity of 250 million barrels.
The commerce ministry announced on July 2 that the purchase would be made official later this month, as part of its effort to secure South Korea’s oil needs. The purchase price is being kept confidential.
State-run Korea National [...]

EPA rules it has jurisdiction over potential uranium mine

The U.S. Environmental Protection Agency has reached a decision on the Indian Country status of property owned by Uranium Resources Inc. (URI) near Churchrock, N.M.
The agency has determined that the property, called Section 8, is Indian Country and, therefore, it is under EPA’s jurisdiction to administer an underground injection control permit.
There has been a [...]

Severstal Resources Reaches Agreement to Acquire PBS Coals

Through its mining division Severstal Resources, OAO Severstal announced that it intends to acquire the business of PBS Coals Corporation by way of an acquisition of Penfold Capital Acquisition Corporation following a business combination of PBS and Penfold for an all cash purchase price of C$8.30 per share, implying an enterprise value of US$1.3 [...]

Tag: severstal expansion afrika, pbs coal sverstal, severstal pbs coals, pbs coals inc, sverstal acquires pbs coal

DAR, CARP beneficiaries to play vital role in ethanol program

THE Department of Agrarian Reform (DAR) and the Comprehensive Agrarian Reform Program (Carp) beneficiaries will play a vital role on ethanol production, said Aurelio “Lito” Lacson of the B.M. SB Integrated Biofuels Company in Negros.
Lacson said DAR should be instrumental in organizing CARP beneficiaries to form a cooperative that will serve as one of the [...]

Vale’s Goro Nickel to Revise Budget by End of Year

Goro Nickel, acquired by Brazil’s Cia. Vale do Rio Doce this week, expects to deliver a revised budget for its $2.15 billion nickel project in New Caledonia on schedule by the end of the year.
A general strike, now in its fifth week, by the 2,000- strong New Caledonian Confederated Union of Workers has had only [...]

Tag: jeff zweig nckle

Dril-Quip, Inc. Awarded Drilling Riser Orders

Dril-Quip, Inc. today announced that the Company has recently been awarded orders for the supply of Dril-Quip Drilling Riser Systems for three newbuild deepwater floating drilling rigs. These orders have a total value of approximately $75 million and are scheduled for delivery during 2008 and 2009. Including these new orders, the Company’s current backlog is [...]

Centrica to invest 400 million pounds in new power station

British energy group Centrica has said that it plans to spend 400 million pounds (586 million euros, 741 million dollars) on a new gas power station, as Britain scrambles to meet its future energy needs.
Centrica said the plant in Langage, southwestern England, should come online during the British winter in 2008/09 and would be the [...]

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 [...]