Abacus Expands the Development Team for the Afton-Ajax Project

October 6, 2008 Filed Under: Copper Mining, Precious Metal  

Abacus Mining & Exploration Corporation announce the appointment of Mr. James Whittaker as Project Manager for the development of the Afton – Ajax mine near Kamloops, B.C. Mr. Whittaker will report to Andrew F. Pooler, Executive Vice President and Chief Operating Officer. Mr. Whittaker has more than 18 years of mining experience in both North and South America including 14 years with Placer... 

Franklin Approves $1.6 Million US Capital Plan for On-Site Processing at the Escala Mine

October 1, 2008 Filed Under: Oil and Gas  

Franklin Mining, Inc. Chairman and CEO William Petty announces that Dr. Jaime Arrancibia (General Manager, Franklin Mining, Bolivia) and Mr. Paul Baker (Mine Consultant) have returned to the Escala Mine to complete their final evaluation of the site selected for placement of the first large-scale processing plant. Franklin’s recently approved $1.6 million USD capital plan provides for eight on-site... 

China Sulfur Market Report, 2008

June 9, 2008 Filed Under: Mining Services  

Currently, global sulfur production is mainly concentrated in Canada, Russia and the Middle East. The global trade volume of sulfur in 2006 reached 27.7 million tons and meanwhile, China imported 8.81 million tons, accounting for 31.8% of the world’s total. According to the statistics, China consumed about 10 million tons of sulfur in 2006, while its output was only 1-2 million tons, which made... 

China Hopes to Produce 193Mt of Oil and 92Bcm of Natural Gas by 2010

April 20, 2007 Filed Under: Oil and Gas  

China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10. While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, the gas target represents a 56% jump in natural gas production, necessitating growth... 

Plant to turn brown coal blacker, greener

January 21, 2007 Filed Under: Coal Mining, Mining Services  

The Economy, Trade and Industry Ministry and Kobe Steel Ltd. will in March start construction in Indonesia of the world’s first plant capable of turning low-grade coal into high-grade coal. According to sources in the ministry and the company, the plant will be built to test the commercial potential of a method in which low-grade coal, such as brown coal, is coated with asphalt before being fried... 

China reins in fast growth of coal-to-liquid fuel projects

July 30, 2006 Filed Under: Coal Mining, Mining Services  

China has raised the capital threshold for projects converting coal to liquid fuel to brake a possible overheating in the coal-chemical industry, as excessive development of the fossil fuel pollutes the environment and strains the water supply. On July 7, the National Development and Reform Commission (NDRC), China’s industrial watchdog, issued a circular requiring local governments to tighten...