East Asia Minerals Updates Progress at Miwah Gold Project – Indonesia

East Asia Minerals Corporation reports that exploration activities at its Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia have not been affected by the recent earthquakes that have resulted in the crisis of Western Sumatra. Foremost, East Asia Minerals extends condolences to the families and communities that have been affected by the earthquakes. Regarding the Company’s activities,... 

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EQECAT Initial Post-Landfall Estimates Of Insured Onshore Losses From Hurricane Ike

EQECAT, Inc., the leading authority on extreme-risk modeling, Saturday morning said, based on current storm information provided by the National Oceanic and Atmospheric Administration (NOAA), initial post-landfall estimated insured onshore losses from Hurricane Ike could range from $8 billion to $18 billion, primarily in the Texas counties of Brazoria, Harris, Galveston, Chambers and Jefferson. This... 

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Israeli Energy Company to Build Sea Wave Power Plants in China

Energy company, S.D.E., which has developed an innovative technology for generating sea wave electricity, has signed an agreement for selling sea wave power plants throughout China. Construction of the power plants will be financed by investors from Hong Kong and China. Two joint venture companies, formed in Hong Kong by S.D.E and the investors for the implementation of the agreement, will build an... 

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Oil Heading for $130 a Barrel

Oil prices surged to a new trading record above $129 a barrel Tuesday amid continuing concern about global supply. U.S. light crude for June delivery reached $129.58 a barrel in electronic trading, surpassing the previous intraday mark of $127.82 hit Friday as it smashed through the $128 barrier in a matter of minutes. At 11 a.m. ET, the contract was up $2.09 at $129.14 on the New York Mercantile Exchange. One... 

Sino Gold offers China earthquake relief

Sino Gold Mining Ltd says its operations and workforce in China have not been directly impacted by the earthquake in Sichuan Province. Sino Gold will donate approximately $100,000 in essential equipment to the earthquake relief effort, the company said on Monday. The equipment includes 70 portable gas power generators, 200 sets of hand torches and 70 megaphones, which will be sent to Chengdu by chartered... 

Quake May Crimp China’s Solar Operations

Calyon Securities analyst George Kotzias warned investors some clouds may be on the horizon for Chinese solar companies following the devastating earthquake in that country. He noted that the epicenter of the 7.9 magnitude quake is near one of China’s main polysilicon production areas. Polysilicon is a crucial component for solar products. Kotzias says the plants themselves appear structurally... 

Earthquake shakes up German coal mining

German pensioner Erika Ihiebert has lived with minor earth tremors caused by coal mining for years. RAG Deutsche Steinkohle, the firm that runs the mine near Saarwellingen, acknowledges that mining in the area is causing tremors. RAG was quick to announce a halt to mining. Together with the northern Ruhr area, Saarland is one of Germany’s historic mining regions. Mining started there in the Middle... 

In Chinese coal town, black gold for some is black death for others

Coal may be Shanxi’s black gold, but it is the peasants of this north Chinese province who have to live with the consequences as their homes sink, water supplies dwindle and pollution worsens. Xiaoqinghe, a small market town perched on top of a hill in Shanxi, has a beautiful name that is somewhat at odds with reality. It means “Little Blue River” and conjures up images of a pristine... 

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Basel Rattled by Fourth Quake Linked to Swiss Thermal Drilling

Switzerland was shaken by the fourth earthquake in two months linked to geothermal drilling in Basel, the country’s third-largest city, the Swiss Seismological Service said. No injuries or damage was reported. The epicenter of the 5 a.m. quake was a 5-kilometer-deep (3- mile) borehole drilled in the Kleinhueningen district of Basel in northern Switzerland that borders France and Germany, the... 

Basel Rattled by Fourth Quake Linked to Swiss Thermal Drilling

Switzerland was shaken by the fourth earthquake in two months linked to geothermal drilling in Basel, the country’s third-largest city, the Swiss Seismological Service said. No injuries or damage was reported. The epicenter of the 5 a.m. quake was a 5-kilometer-deep (3- mile) borehole drilled in the Kleinhueningen district of Basel in northern Switzerland that borders France and Germany, the...