In a joint operation, the police, Revenue and, Mines and Minerals departments have unearthed an illegal bauxite mining scam and detected royalty theft to the tune of Rs 4 crore in Jamnagar district. Last year, a Rs 100-crore limestone mining scam had been reported from adjacent Porbandar district. As in the Porbandar case, investigating agencies [...]
Norilsk Nickel is targeting a supplementary listing on the London Stock Exchange for the beginning of July, said the Russian metals giant’s chief executive, Denis Morozov.
“The listing will broaden the base for investors, give us more liquidity and, in time, a higher capitalization,” Interfax quoted Morozov as saying.
Norilsk initially had intended to list in London [...]
Mexoro Minerals is pleased to announce that it continues exploratory and infill drilling at its Cieneguita project located in Chihuahua, Mexico. To date, a total of 94 holes have been drilled with an additional 5,000 meters of drilling still to be completed. Of the 91 holes drilled, Mexoro is still waiting for the assay results [...]
Uranium is being mined illegally at a site in Congo that provided the radioactive material for the U.S. atomic bombs dropped on Japan in 1945, U.N. experts reported on Thursday.
The Shinkolobwe mine in mineral-rich Katanga province in southwestern Congo was ordered shut down by U.N. investigators in 2004 who found it unsafe to operate.
The investigators, [...]
The president and chief executive of coal producer Patriot Coal Corp. bought 10,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Richard M. Whiting reported he bought the shares Thursday for 65.88 to $66.53 apiece. He reported purchasing the shares indirectly through a [...]
QuadTech International, Inc. , a global provider of leading-edge technology solutions for the mining industry, today reported on the company’s progress pursuing growing opportunity for its breakthrough mine-safety solution in the $1.3 trillion mining industry. QuadTech has identified significant potential for adoption of its iPMine wireless communication solution among mining companies in China and the [...]
Medallion Resources Ltd announces that a crew of geologists and samplers is in the field at the Romaine River Iron-Titanium Project, 40 kilometres north of the town of Havre St Pierre, Quebec. Latest reports from the project site confirm that geological mapping is well underway and 40 of 89 planned new sample sites have been [...]
The American chief executive of Russian oil producer TNK-BP was called in for questioning as part of a criminal investigation into possible large-scale tax evasion, according to the company.
The pressure on Robert Dudley comes as the company’s Russian shareholders battle British oil major BP PLC for control of the joint venture, Russia’s third-largest oil producer.
TNK-BP [...]
RMI, a leading oilfield market consulting firm, will host the Oilfield Breakfast Forum on Wednesday, November 12, 2008, at the Westin Galleria in Houston, Texas. Since beginning in 1994, the Oilfield Breakfast Forum has grown into the largest discussion forum in the world on the petroleum industry. Currently, more than 700 executives have signed up [...]
Hyperdynamics recently announced that it has contracted with Applied Drilling Technology, Inc. (”ADTI”), a wholly owned subsidiary of GlobalSantaFe, to provide a detailed assessment of drilling infrastructure, support services and operating environment offshore the Republic of Guinea, West Africa.
The ADTI study will be used in conjunction with a well design to produce an estimated project [...]