GE, Sasol Sign Service Agreement for New Power Project That Could Help Ease South Africas Energy Crisis

GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol’s new power plant in Secunda, which could help ease South Africa’s energy crisis. South Africa, which has Africa’s largest economy, is in the grip of an electricity supply crunch.... 

Tag: sasol secunda plant pollution, secunda power station capacity, sasol power plants, sasol and power projects, sasol secunda power plant

General Moly Announces Electrical Transmission Service Agreements for the Mt. Hope Project

General Moly Inc. announced that it has entered into Electrical Transmission Service Agreements with Mount Wheeler Power and Sierra Pacific Power to provide the Mt. Hope Project in Eureka County, Nevada with sufficient power transmission capacity to satisfy its projected electrical needs. Under the terms of these agreements, service is expected to start in December 2009 and ramp up to the full 75 MW... 

Tag: mount hope general moly, mt hope project, mount wheeler mining

Cameco Reports Update on Dewatering at Cigar Lake

Cameco Corporation reports that remediation work at the No.1 Shaft at its Cigar Lake uranium project was temporarily suspended today after an increase in the rate of water inflow to the mine was observed. “Remediation and dewatering of the No. 1 Shaft had been progressing smoothly up to this point,” said Tim Gitzel, Cameco’s chief operating officer. “An inflow at this rate is... 

Cleveland-Cliffs and Alpha Natural Resources to Merge, Creating Cliffs Natural Resources, a Leading Diversified Mining and Natural Resources Company

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... 

Tag: cliffs and alpha natural resources, alpha natural resources and cleveland cliffs merger, cliffs natural recourses, iron ore spot prices cleveland cliffs, rumours scorpio mining

2007 big for cleaner energy

Despite a swarm of economic problems and rising fossil fuel costs, last year was a banner year for clean energy, according to an outlook report by Clean Edge, a research and publishing firm. According to Clean Edge’s report, biofuels (global production and wholesale pricing of ethanol and biodiesel) reached $25.4 billion in 2007 and are projected to grow to $81.1 billion by 2017. In 2007, Clean... 

PetroSun BioFuels Announces Transaction With Icon Drilling

PetroSun, Incorporated is pleased to announce that its wholly owned subsidiary, PetroSun BioFuels Australasia, has entered into a Letter of Intent with Icon Drilling of Brisbane, Australia. The purpose of the transaction is to create a publicly traded alternative fuel company in Australia. Icon Drilling is a wholly owned subsidiary of Icon Energy that is traded on the Australian Stock Exchange (ASX)... 

Tag: petrosun biofuels australia

PetroSun BioFuels Announces Transaction With Icon Drilling

PetroSun, Incorporated is pleased to announce that its wholly owned subsidiary, PetroSun BioFuels Australasia, has entered into a Letter of Intent with Icon Drilling of Brisbane, Australia. The purpose of the transaction is to create a publicly traded alternative fuel company in Australia. Icon Drilling is a wholly owned subsidiary of Icon Energy that is traded on the Australian Stock Exchange (ASX)... 

Reduce coal use for power, Greenpeace urges India

Holding ‘excessive’ use of coal responsible for climate change, Greenpeace India Friday staged protests at a coal-based power plant here. The demonstration at Ennore in north Chennai was part of a series of activities the Indian arm of Greenpeace, the international environment organisation, is undertaking to draw attention to the immediate threat from climate change. ‘Even the most... 

Trucking exec wants coal plant answers

While many local business organizations have voted to support a $1.3 billion coal-fired power plant in northeast Waterloo, one local businessman says he’s withholding his support for the project until traffic and environmental questions are addressed to his satisfaction. Bob Molinaro, president of Warren Transport Inc. and a member of the Waterloo Industrial Development Association board of directors,... 

Namibia begins to look as if its resource future is in uranium mining

The future of mining in Namibia now points to uranium. With over 20 mining entities prospecting and exploring for the highly-priced mineral and with the announcement by ASX-quoted West Australian Metals (WME) last week of the discovery of uranium deposits at its Marenica Project, a fourth producing uranium mine may be on the horizon for the country. The Marenica Project lies north of Rio Tinto’s... 

Tag: wme mining, sample of gold loi, conocophillips approved