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Random News from Mining Top News

Russia’s Evraz Group Completes Acquisition of Oregon Steel

Russian coal and steel producer Evraz Group SA said Wednesday that it has completed its acquisition of Oregon Steel Mills Inc., one of the largest investments in the United States by a Russian company.
Evraz agreed in November to buy Oregon Steel for $2.3 billion (euro1.8 billion), or $63.25 a share in cash. The deal received [...]

PetroChina Company Limited Company Profile

If you want petroleum in China, then PetroChina is your company. A subsidiary of state-owned China National Petroleum Corporation (CNPC), PetroChina produces two-thirds of China’s oil and gas. The company has proved reserves of 11 billion barrels of oil and 32.5 trillion cu. ft. of natural gas. It engages in domestic exploration, owns more than [...]

Synergy Resources Corporation Announces New Drilling Program

Synergy Resources Corporation, a developmental stage oil and gas exploration and production company, today announced that it is scheduled to participate with a consortium of companies in a new oil and gas well. Participating with Synergy in this well are Kerr-McGee Oil & Gas Onshore LP and Petroleum Exploration & Management, LLC. The well is [...]

The Exploration Company to Webcast IPAA Presentation

The Exploration Company announced Vice President-Capital Markets Roberto R. Thomae will update investors and analysts on its growth strategy at the Independent Petroleum Association of America’s Oil & Gas Investment Symposium (OGIS) Small Cap, set for Feb. 6-8 in Boca Raton, Florida.
Mr. Thomae’s presentation is scheduled to start at 1:30 p.m. EST (12:30 p.m. CST) [...]

Tag: top exploration companies

Alcan Plans to Sell Stake in Indian Joint Venture to Develop Bauxite Mine and Alumina Refinery

Alcan Inc. said Thursday it plans to sell its 45 percent stake in an Indian joint venture to develop a new bauxite mine and alumina refinery.
Alcan said it expects to complete the sale of its interest in Utkal Alumina International Ltd. during the second quarter. While Alcan said it has taken “initial steps” leading to [...]

Newmont Announces Executive Vice President, Operations and Other Executive Management Appointments

Newmont Mining Corporation announced the selection of Brian Hill as Executive Vice President, Operations and other executive management appointments, effective October 1, 2008.
Richard O’Brien, Newmont’s President and CEO, said, “Our Executive Leadership Team is now established and well positioned to drive further improvement in our operational and project execution. As we continue to develop our [...]

Tag: newmont vp planning and strategy, russell ball newmont, newmont asia pacific philippines, vp strategy and planning newmont denver, vice president legal mining

Indonesia: Manufacture ready to increase non-oil and gas exports by 20%

Industry Minister Fahmi Idris saidmanufacturing industries are ready to help increase the country’s non-oil and gas exports by 20 percent in 2007.
“It is quite possible for them to do so because they already have primary commodities,” the minister said after a working meeting with his ranks and files on Tuesday.
To that end, the minister called [...]

Inco, Phelps, Falco raise stakes in mining battle

Phelps Dodge Corp. raised its bid for Inco Ltd. on Sunday and Inco raised its offer for Falconbridge Ltd., as the companies battled to protect their proposed US$41 billion three-way merger and create the biggest mining company in North America.
The moves, together with news of a special dividend from Falconbridge, are aimed at thwarting a [...]

Significant Breakthrough on Hotish for Dios

Management of DIOS EXPLORATION INC. is very pleased to report a significant exploration breakthrough on its wholly owned Hotish project. A uranium bearing radioactive lithological unit over some 1 kilometer wide and extending in strike over several more kilometres was discovered in the field in association with the previously defined 3 kilometer long linear helicopter [...]

China’s power plants agree to pay more for coal

Coal producers and power plants agreed to lift coal prices this year by an average of 30 yuan per tonne, or around 10 percent, state media reported, striking a deal for the first time without government intervention.
Shares in listed coal firms soared on Thursday on improved prospects for coal prices. China Shenhua Energy and [...]