Bekem Metals Inc. announced that it has completed initial pilot testing of various technologies for processing nickel ore from its Kempirsai deposit. The testing was conducted in the United Kingdom, Russia and Kazakhstan. The Company has also received final pre-feasibility study reports (PFS).
The Company has spent the past several years analyzing and pilot testing a [...]
Key Energy Services, Inc. announced that it has agreed to invest approximately $35 million in Geostream Services Group (”Geostream”) in exchange for a fifty percent (50%) equity interest in the company. Geostream, which is headquartered in Moscow, provides drilling and workover services and sub-surface engineering and modeling in the Russian Federation. Key also has the [...]
Mechel OAO, one of the leading Russian mining and metals companies, announces deployment of production and service equipment at Mechel Service OOO sales subsidiary’s branches within the scope of its development program.
For Mechel Service’s development program in 2008, equipment for straightening and cutting-off wire reinforcing bar was launched in August at Yekaterinburg, Krasnodar, Saint-Petersburg, Sochi [...]
Mechel OAO, one of the leading Russian mining and metals companies, announces that a flash of methane has occurred at its Southern Kuzbass OAO coal subsidiary’s Lenin Mine.
Today at 11:03 a.m. local time (7:03 a.m. Moscow time), a flash of methane occurred at Southern Kuzbass OAO’s Lenin Mine (Mezhdurechensk, Kemerovo Region), while repair work was [...]
OAO Severstal, one of the world’s leading metals and mining companies, announced that it has extended the expiration date for its tender offer to purchase all outstanding shares of Esmark Incorporated (Nasdaq: ESMK; “Esmark”), at an offer price of $19.25 per share, to 10:00 a.m., Eastern Daylight Time, on Monday, August 4, 2008.
The tender offer [...]
World Gold Council (WGC), the organisation formed and funded by the world’s leading gold producers, has today announced that it has partnered with a leading Russian jewellery manufacturer, Choron, to bring the Gold Expressions jewellery collection to Russia for the very first time. Choron will present Gold Expressions at the New Russian Style Fair 2008 [...]
The deposit, in the Republic of Buryatia in Russia, makes up one section of the larger Okino-Klyuchevsky coal field, which has 200 million tonnes of reserves and is about 120 km (75 miles) - MOSCOW, April 16 - Russian electricity producer OGK-3 has won a tender to develop a coal field with reserves of 33.8 [...]
Oil giants Chevron Corp. and Total have confirmed that they are in discussions with the Iraqi Oil Ministry to increase production in an important oil field in southern Iraq.
The discussions are aimed at finalizing a two-year deal, or technical support agreement, to boost production at the West Qurna Stage 1 oil field near Iraq’s second-largest [...]
OJSC MMC Norilsk Nickel announced that Norilsk Nickel’s proposed acquisition of control of LionOre Mining International Ltd. (Nachrichten) (”LionOre”) (Toronto Stock Exchange symbol: “LIM”; London Stock Exchange symbol: “LOR”; Botswana Stock Exchange symbol: “LIONORE”), which was notified in Norway on May 21, 2007, has been approved under the Norwegian Competition Act of 5 March 2004 [...]
A devastating gas explosion tore through a Siberian coal mine Monday, killing at least 78 miners, Russian officials said, as emergency workers raced to rescue dozens still trapped underground.
“The latest figures we have is 78 killed,” the Kemerovo regional administration’s spokesman Sergei Cheremnov said as quoted by the Interfax news agency.
Earlier, emergency ministry officials said [...]
