The Russian Prosecutor General’s Office issued a warning to OAO Rusia-Petroleum Director General Valery Pak in relation to violations of environmental law at the Kovykta gas field.
“OAO Rusia-Petroleum’s General Valery Pak was summoned to the Russian Prosecutor General’s Office. He was officially warned of the inadmissibility of violations of legislation concerning natural resources, the protection [...]

Top bauxite producer Guinea said it wants to stop exports of the key raw material for aluminium and focus on developing its own alumina sector, Mining Minister Dr.Ousmane Sylla told Reuters on Monday.
“I want to stop exports of bauxite. We have done this for 50 years,” he told Reuters on the sidelines of a Metal [...]

A fire broke out at a coal mine in Siberia on Thursday, trapping at least 19 miners, a Russian emergency official said.
The blaze broke out around 8:15 a.m. at least 280 feet underground in the Vershino-Darasunsky mine in the Chita region, about 3,000 miles east of Moscow, said Emergency Situations Ministry spokeswoman Yulia Stadnikova.
Of the [...]

Gold traded near a one-week high as investors sought haven investments on speculation Iran will today formally refuse to suspend its uranium-enrichment program.
Supreme leader Ayatollah Ali Khamenei said yesterday Iran “has made up its mind on the nuclear program,” the Iranian Student News Agency reported. President George W. Bush warned of “consequences” should it refuse [...]

Iran was still studying Russia’s proposal to establish a joint venture for uranium enrichment, Iran’s ambassador to Russia said on Wednesday.
The proposal, which Russia offered to Iran at the end of last year, “is being discussed now” and “has been confirmed by Iran’s leaders,” the Itar-Tass news agency quoted Iranian Ambassador Gholam Reza Ansari [...]

Emboldened by high oil prices, South American countries are leading the way, but are not alone, among those seeking more cash and control from multinationals that drill in their oil and gas fields.
Consumers fear this resurgence of “resource nationalism” will slow investment, tighten supplies and keep oil prices at record highs.
But some analysts say with [...]

Rosneft, the second-biggest Russian oil producer, is mounting a lavish public relations campaign to win over wary foreign investors before planned flotation on the London and Moscow stock exchanges next month.
With glossy advertising on Russian television, flights on private jets to remote production sites for foreign journalists and an array of Western media communications experts [...]