No posts found. Try a different search?

Random News from Mining Top News

Calvalley Signs First Production Sharing Contract in Ethiopia

Calvalley Petroleum Inc. announce that it has entered into its first Production Sharing Contract with the Ethiopian Government for the exploration, development and production of petroleum resources in the Gimbi and Metema blocks under a single contract covering a total area of over 46,470 square kilometers (11.5 million acres). Both blocks are located in [...]

Urex Meets with Representatives of Areva

Urex Energy Corporation reports that Directors of the Company met with representatives of Areva NC at the Prospectors & Developers Association of Canada conference (PDAC) in Toronto to discuss the Company’s uranium properties in southern Argentina.
Areva is investigating options regarding uranium resources in southern Argentina and is in cooperation with various owners including Urex to [...]

Mechel Obtains Credit Lines From VTB Bank

Mechel OAO, one of the leading Russian mining and metals companies, announces that VTB Bank has provided the Company with credit lines in the amount of 15 billion rubles (approximately US$560 million).
VTB Bank has opened one-year credit lines totaling 15 billion rubles for Yakutugol OJSHC, Southern Kuzbass Coal Company OAO and CMK OAO, subsidiaries of [...]

Tag: badland power fuels, sifbank, sifbank investments plc home page

Metso to Supply Bulk Materials Handling Equipment to Richards Bay Coal Terminal

Metso Minerals will supply bulk materials handling equipment to Bateman Africa (Pty) Ltd. for Richards Bay Coal Terminal (RBCT) situated on the east coast of South Africa. The delivery, installation and commissioning will be completed by the first quarter of 2009. The value of the order is approximately EUR 17 million (approx. ZAR 160 [...]

Ice drilling reveals climate change

Scientists say new evidence shows there is a history of major climate fluctuations at the South Pole.
It is the first release of findings from scientists who took samples from Antarctica using the giant Christchurch-made drilling machine Andrill this summer.
A global fraternity led by Kiwi scientists spent the time gathering core samples from the ice and [...]

Oil prices edge higher in London

Oil prices edged higher Tuesday, after tumbling more than $2 a barrel the previous day as traders anticipated that U.S. supply data due out this week would show rising inventories of crude.
Traders were also doubtful about OPEC’s ability to implement its plan to cut 1.2 million barrels a day of production ”” or that it [...]

Chile Escondida mine output drops due to strike in 2006

Chile’s Escondida, the world’s largest copper mine, saw production fall 1.25 percent in 2006 due to a 25-day strike over wages.
Escondida, owned by global miner BHP Billiton Ltd. Plc , said copper production for the year amounted to 1,255,559 tonnes, down from 1,271,472 tonnes in 2005.
The shortfall came after workers at the mine in northern [...]

Nuinsco Sells Royalty on Rainy River Project

Nuinsco Resources Limited announced that it has entered into an agreement with Rainy River Resources Ltd. pursuant to which the Company has sold its rights to a bonus payment and a royalty on certain claims that form the core of the Rainy River project in northwestern Ontario.
Under terms of an agreement signed in 2005, Nuinsco [...]

Japan’s Thirst for Rare Metals

Japan is feeling the heat over sharply rising prices for non-ferrous metals, especially rare metals, which are used in a wide range of high-technology products.
Global competition is intensifying for non-ferrous metals, including copper and lead, as well as for such energy resources as oil, natural gas and uranium. Prices have risen sharply in recent years [...]

Tag: japan rare metals, rare metal prices surging, rare metal miners, top cobalt importers countries, japan rare metal

Indonesia: Medan workers protest shortage of gas

Some 800 employees of companies that are heavily reliant on gas staged a protest Wednesday at the North Sumatra provincial council and the governor’s office demanding the government reduce the current gas-supply shortage.
The workers, all members of the Gas Customers Communications Forum, said a number of companies had sent workers home because of the supply [...]

Tag: medan glove company