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Random News from Mining Top News

Germany plans coal mines closures

Germany will phase out its heavily subsidised coal mining industry by 2018 under a deal reached late on Sunday by federal and regional governments and the centre-left Social Democrats.
The agreement clears the way for the flotation of German diversified group RAG which will use the cash raised to pay for an environmental clean up and [...]

Invest in Alternative Energy, Not Oil Drilling

BRISTOL Bay in Alaska is known for its endangered whales and the world’s largest run of sockeye salmon. Thanks to President Bush, it also has been leased for oil and gas drilling.
The action clears the way for the Interior Department to open 5.6 million acres of fish-rich waters northwest of the Alaska Peninsula. Interior Secretary [...]

Bumi scraps $2.3b deal to sell coal companies

PT Bumi Resources, Indonesia’s biggest coal exporter, has canceled a US$3.2 billion deal to sell its two coal mining units to a consortium of local companies led by PT Renaissance Capital following a prolonged delay in the closing of the transaction.
Bumi’s finance director Eddie Soebari told The Jakarta Post on Friday that his company was [...]

Tag: samin tan 2009

Allied Energy Begins Drilling 2nd Location in Pawnee County

Allied Energy, Inc. announced today that it has begun drilling its 2nd location in Pawnee County, Oklahoma.
“We expect to reach total depth for the #8-9 Foust in the next couple of days and are confident in the results we have seen thus far in Pawnee County,” said Allied’s President, Steve Stengell.
“Given the present and future [...]

American Energy Resources Discovers Mid-Continent Oil in Gove County, Kansas

American Energy Resources, an established industry player in the mid-continent region for oil and gas exploration and drilling, announced the discovery of significant oil. The oil well, christened Bonita Springs 4A is located eight miles southeast of Oakley in Gove County, Kansas. This is the second oil well to successfully produce resources for American Energy [...]

Terra Nostra Poised to Compete in High Growth Stainless Steel Market in China

China’s stainless steel output for 2006 totaled 5.3 million Metric Tonnes, a year over year increase of 67.68%. The National Development and Reform Commission stated last week that this sector is expected to further grow by 8% this year. The NDRC predicts prices to rise gradually in 2007 with a focus mainly on technological upgrades [...]

Mt Finnerty Iron Ore Drill Results

Reed Resources Ltd (RDR) announced the completion of RC drilling program by JV partner Portman Iron Ore at the company’s Mount Finnerty project. Portman have earned 80% of the iron rights in the project. Better drilling results include 11m @ 61.42%Fe from 50m and 12m @ 62.67% Fe from 13m.
Original Announcement: Mt Finnerty Iron Ore [...]

The Alumina Refining Industry’s Revenue for the Year 2006 Was Approximately $1,460,000,000

Research and Markets (http://www.researchandmarkets.com/reports/c54388) has announced the addition of “Alumina Refining Industry in the U.S. and its Foreign Trade (1996-2008)” to their offering.
This industry report focuses upon the Alumina Refining industry. This U.S. industry comprises establishments primarily engaged in refining alumina (i.e., aluminium oxide) generally from bauxite.

Tag: names of bauxite mining areas in jamaica

Solar power can make coal plants obsolete

Solar electric cells have become increasingly popular as a domestic alternative energy source that lessens our dependence on foreign oil. The expense of producing them has limited their use and, therefore, their ability to bring about change.
A major breakthrough in technology makes “nanosolar” electric cells affordable for domestic use as well as available for use [...]

Kentucky USA Energy, Inc. Announces Reaching Total Depth on Hunter Wells #1

Kentucky USA Energy, Inc., an early stage natural gas exploration and production company, announced today that the Company reached total depth (“TD”) of 2,431 feet on Hunter Wells #1. After logging the well, the log confirms that the shale formation encountered in this well is comparable to that of the wells evaluated in the Company’s [...]