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Random News from Mining Top News

China to reduce reliance on oil imports by basing energy supply on coal

China will reduce its reliance on petroleum imports by basing its energy supply on coal and developing new and renewable energies, said a senior official with the National Development and Reform Commission (NDRC) on Tuesday.
China successfully reduced its net imports of petroleum last year, said Zhang Guobao, vice minister of the NDRC at the 7th [...]

Chevron Sells Marketing Businesses in Kenya and Uganda

Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell 100 percent of its shareholdings in Chevron Kenya Limited and Chevron Uganda Limited to Total Outre Mer S.A (Total). Under the terms of the sales, Total is to acquire Chevron’s marketing businesses in both countries. Chevron Kenya Limited and Chevron Uganda [...]

Tag: total marketing kenya, total marketing kenia, weaknesses of origin energy, gas station provider contract, cohen mining industry

Northern Offshore, Ltd to Acquire Two North Sea Semisubmersible Drilling Rigs

Northern Offshore, Ltd told the press that the company has entered into agreements with affiliates of Transocean, Inc. (NYSE: RIG ) to acquire the semisubmersible drilling rigs GSF Arctic II and GSF Arctic IV currently operating in the U.K. North Sea (collectively the “Rigs”). The total acquisition price for the two rigs is approximately US$750 [...]

Tag: floating drilling rig north sea

Conservationists oppose further bauxite mining in Cockpit Country

LOCAL conservationists have mounted a campaign to pressure the government against the reissuing of a prospecting licence for bauxite mining in the Cockpit Country, which is believed to be one of the richest sites of biological diversity locally.
The Cockpit Country Stakeholders group, which includes the Jamaica Environment Trust (JET), the Southern Trelawny Environmental Agency (STEA) [...]

Tag: cockpit and mining, bauxite mining cockpit country

West Timmins Commences Drilling on Montana de Oro Project; Expands Land Position to 270 Square Kilometres

West Timmins Mining Inc. announced it has commenced a 5,000 metre program of diamond drilling on its Montana de Oro Project in Mexico, to test high priority gold and gold-silver targets, including the El Rodeo gold-silver system.
“We have been eagerly anticipating the initial drill testing of the El Rodeo discovery for several months and we [...]

Most Asian Markets Rally as Nikkei Hits 10-Month High and India, Australia Reach Records

Most Asian markets rose Friday, with Japanese stocks climbing to their highest in nearly 10 months and markets in India, Singapore and Australia all rose to records. Malaysian shares finished at a new 10-year high.
Stocks rose in Tokyo amid optimism about growth prospects for the U.S. economy, a key export market. The benchmark Nikkei 225 [...]

Suncor Energy reports repair work underway at oil sands upgrader

Suncor Energy Inc. reports that repairs are underway following a minor fire at one of the company’s two oil sands upgraders north of Fort McMurray. The fire occurred November 26 during start-up of a vacuum unit following completion of planned maintenance. There were no injuries and the fire was extinguished within minutes.
Repairs are targeted for [...]

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International crowd bids at Edmonton auction on Ritchie Bros.’ 50th anniversary

More than 4,100 people from 21 countries registered to bid on CA$41 million (US$39 million) of construction, transportation, forestry, agricultural and other industrial equipment sold at an unreserved public auction in Alberta last week. Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, conducted the auction at its permanent auction site in Edmonton on September 3 [...]

Cabo announces drilling contract with KWG Resources Inc.

Cabo Drilling Corp. announces that its Heath & Sherwood Drilling Inc. division of Kirkland Lake, Ontario has been awarded a contract to drill 3,000 meters of NQ diameter core for KWG Resources Inc. in the Attawapiskat River Region of northern Ontario
For the drill project, which commenced mobilization in mid January 2007, Heath & Sherwood is [...]

Tag: moosonee dianomd mining, victor mine winter road contract, cabo heath, kwg resources

Indonesia denies reports of possible coal export quotas

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use.
The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India.
The reports were baseless and the new mining law likely to be passed by Parliament by June would in [...]

Tag: coal export from, biggest coal exporter, bharinto coal mining, pt kitadin, indonesian coal mining law