Channel Resources Ltd. reports that, based on target area dimensions and trends outlined by airborne magnetic and spectrometer survey data, the Company has extended the West Bienville Uranium Project license area in northern Quebec from 220 claims (108.2 km2) to 288 claims (141.7 km2). The south-easterly extension of the property follows a trend of uranium [...]
A three-judge panel of the 10th U.S. Circuit Court of Appeals must decide whether an area of western New Mexico proposed for uranium mining should be treated as Indian land.
Hydro Resources Inc., a New Mexico company, is challenging last year’s decision by the U.S. Environmental Protection Agency that an area where the company wants to [...]
Platts, one of the world’s foremost providers of energy and metals information, today announced it is expanding its suite of spot price assessments in global metals to include steel exported from China, specifically hot-rolled coil (HRC) and concrete reinforcing bar (rebar).
“We’re pleased we can answer the steel industry’s call for a reliable source of timely, [...]
OJSC Priargun Mining and Chemicals Association, Russia’s biggest uranium mining enterprise, saw its net profit plummet 71.4% year-on-year in the first quarter of 2008 to 20.02 million rubles. Priargun, located in the Chita region, said in a financial statement that sales revenue rose 15.3% to 1.671 billion rubles and that costs rose more than 17% [...]
Century Aluminum Company and Noranda Aluminum Holding Corporation announced today that Larry Holley has been named president and general manager of Gramercy Alumina, LLC and St. Ann Bauxite Limited, effective May 8, 2008.
“We are delighted with Larry’s appointment,” said Century’s chief operating officer Wayne R. Hale. “His technical background, mining experience and energy expertise make [...]
Several major oil companies agreed to a multimillion dollar deal to settle lawsuits surrounding their use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water.
Companies including BP PLC’s BP America Inc., Chevron Corp., ConocoPhillips, Royal Dutch Shell PLC’s Shell Oil Co., Marathon Oil Corp. and Valero Energy Corp. agreed [...]
Paramount Gold and Silver Corp. is pleased to announce that it has signed a Letter of Intent to enter into a strategic alliance with Mexoro Minerals Ltd. The strategic alliance contemplates both companies combining their mining and exploration expertise including resources such as management, personnel, exploration equipment and mining concessions to maximize shareholder value [...]
A senior Kuwaiti oil official says his country plans to spend $55 billion on oil projects in the next five years.
Jamal al-Nouri, managing director for planning at state-owned Kuwait Petroleum Corp., says the money will be used for production, refineries, and building new tankers. He says some will also be spent on oil investments in [...]
China Coal Energy, the country’s No. 2 coal producer, is exploring investments in Australia and Indonesia while it doubles spending to ramp up production and feed the world’s largest coal market.
China Coal, the country’s largest coal producer after Shenhua Energy, also expected to export about as much of the hydrocarbon this year as it did [...]
A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment.
Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska.
The recently released assessment shows [...]
