THE Philippine mining industry is poised to get at least $6.5 billion in investments if 24 priority projects finally push through, the head of the industry association said Tuesday.
This amount could go to as high as $10 billion if other projects in the pipeline get done despite recent criticism of the mining industry by activist [...]
Norwegian petroleum companies Statoil and Norsk Hydro elbowed into the global fray for oil Monday with a plan to form a state-controlled giant that would be the world’s largest offshore oil producer.
Statoil said it was acquiring the oil and natural gas operations of its smaller rival in a $30-billion deal largely motivated by their drives [...]
Strat Petroleum, Ltd., an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced the results of their recent trip to Russia. While overseas, Company management presented their solution for the treatment of oil sludge to Rosneft’s operation in the Stavrapol Region and to a number of local [...]
OPEC, whose member nations produce 40 percent of the world’s oil, said yesterday it would cut output by 1.9 percent in February. OPEC also accepted Angola as a member to gain greater control over global crude supplies.
Production will be pared by 500,000 barrels a day as of Feb. 1, OPEC President Edmund Daukoru told journalists [...]
Lawmakers in an Argentine province famous for its wine and ski resorts have suspended all open-pit mining due to strong environmental opposition, deputies and industry sources said on Thursday.
The western province of Mendoza is synonymous with Malbec vines grown in the plains below the Andes, but rising metal prices have generated increased interest in its [...]
Nitro Lube, Inc. (Other OTC:NTLB.PK - News) announced today that the company has joined the Canadian Association of Mining Equipment and Services for Export (http://www.camese.ca).
Jason Rite, CEO of Nitro Lube, Inc, stated, “Our membership in CAMESE will substantially increase Nitro Lube’s visibility to the mining industry world-wide.” He added that he expects sales of the [...]
Farmers are getting the best prices for corn in more than a decade amid strong demand for ethanol and feed, the U.S. Department of Agriculture reported Monday.
Average corn prices for the year were forecast at $2.90 to $3.30 a bushel, up 10 cents from last month’s estimate, according to the monthly crop report.
“We think about [...]
Merrill Lynch & Co. raised its 2008 uranium price forecast by 78 percent, citing delays in new mine output and increased demand for the fuel from nuclear reactors being built in China and India.
Uranium for immediate delivery may average $75 a pound in 2007 and $80 in 2008, Merrill said in a Dec. 8 report. [...]
