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Random News from Mining Top News

Yanzhou Coal sees 2007 exports lower, capex higher

Yanzhou Coal Mining Co. Ltd. , which posted a 17.6 percent fall in 2006 earnings, will cut exports by half in 2007 to 3 million tonnes due to higher domestic prices.
Director Wu Yuxiang said on Monday it aims to sell 8 percent more coal this year, or 37.5 million tonnes, including 3 million for exports, [...]

Chevron Announces Agreements to Develop the Hebron Heavy Oil Project Offshore Newfoundland and Labrador

Chevron Canada Limited, a wholly owned subsidiary of Chevron Corporation, today announced on behalf of itself and its co-venturers the completion of legal agreements with the Government of Newfoundland and Labrador to develop the Hebron heavy oil project offshore the East Coast of Canada.
The Hebron field is located 340 km offshore the province of Newfoundland [...]

Tag: newfoundland oil gas projects upcoming, latest newson the hebron project, hebron platform canada, exxonmobil hebron platform, who is supporting the hebron project

Around 4,500 homes without power due to wind

About 4,500 homes are without power due primarily to wind, according to Appalachian Power.
That 4,500 breaks down like this: 2,100 in the Woodlawn community along the Grayson and Carroll County border and 2,500 in the Roanoke area.
Crews hope to have power back up and running for those folks [...]

India: 50000 people enjoy solar energy in Natore

People in the backward char areas along the river Padma in the district are using solar energy as an alternate source of power when the entire country is experiencing erratic power supply.
Natore Palli Biddyut Samity-2 sources said nearly 50,000 people of 33 villages under three upazilas of the district are using solar panel at present. [...]

First Oil & Gas from the Shenzi Field in Deepwater Gulf of Mexico

BHP Billiton announced that first oil and natural gas production has commenced from the Shenzi development in the deepwater Gulf of Mexico. The tension leg platform (TLP) has a nominal capacity of 100,000 barrels of oil per day and 50 million cubic feet per day of natural gas, on a 100 percent basis.
The Shenzi facility [...]

Crude Shoots Over $140

Oil futures shot above $140 after OPEC’s president said oil prices could rise well above $150 a barrel this year and Libya said it may cut oil production.
Light, sweet crude for August delivery rose as high as $140.39 in afternoon trading on the New York Mercantile Exchange before retreating slightly to settle at $139.64, up [...]

Argosy Partners and MTN Capital Partners Acquire Joliet Equipment Corporation

Argosy Partners and MTN Capital Partners announced today they have acquired Joliet Equipment Corporation, a leading supplier of new and remanufactured AC and DC traction motors for the oil and gas drilling and exploration industries and other high-power, large-motor industrial applications. The company also provides industrial motor repair services. Over its 75 year history, Joliet [...]

Tag: joliet acquisition mtn capital

Junex Finishes Drilling the St-Antoine-sur-Richelieu #1 Well and Gives an Update on its Lowlands Exploration Program

Junex provide information regarding the progress of its 2008-2009 exploration program. This $10 million program, whose principal goal is to evaluate the natural gas potential of the Lorraine and Utica formations Shales as well as the natural gas potential of the Trenton / Black River carbonates on Junex’s lands in the Saint Lawrence Lowlands, includes [...]

Copper firm as market eyes China

Copper and other key industrial metals prices were firm on the London Metal Exchange on Friday as traders assessed the likelihood of fresh Chinese buying.
“We’ve seen copper correcting then holding at a level, but our view is that there will be Chinese buying after their New Year holidays,” a fund manager said.
Copper ended the day [...]

Tag: reuters singapore complex margins 2009

Swiss geothermal drilling upsets neighbour nations

A series of small earthquakes over the past month caused by Swiss drilling for a geothermal power plant are causing alarm on the border between Switzerland, France and Germany.
There were no reports of damage after the latest tremor during the night to Tuesday, measuring 3.2 on the Richter scale.
However, it prompted a flurry of calls [...]