The Panantza - San Carlos majority partnership marketing process that was outlined in the company’s January 31, 2008 news release is continuing as planned. This process is being carried out under the direction of a Citi and CanaccordAdams team that has completed the work of securing confidentiality agreements and guiding potential partners through the electronic [...]
Atlas Minerals Inc.. The Company wishes to announce that Atlas Minerals continues to work and consult with the Ecuadorian government and industry peers in order to mitigate the impacts to the Company of the Mining Mandate passed by the Ecuadorian Constituent Assembly on April 18, 2008. These consultations have the specific goal of being able [...]
US oil giant Chevron on Monday rejected a court report holding it liable for 16.5 billion dollars in alleged environmental damage in Ecuador between 1964-1990, saying it owes the Ecuadoran government exactly “nothing.”
“What we’ll do is challenge it point by point … and insist that the report is absurd and illegal,” Chevron’s Ecuador representative Rodrigo [...]
For major mining companies such as Rio Tinto and BHP Billiton, the future life is a combination of their exploration work and enterprise: to find things on their own, to be approached by other companies in deals , or make acquisitions.
Rio growth with Alcan bought last year and is now off fighting an attempt by [...]
Energy company Noble Energy Inc. said Monday it discovered oil at one of its blocks off the coast of Equitorial Guinea.
The company said the Block I find — which was drilled to 10,460 feet — yielded about 1,038 barrels per day of hydrocarbon liquids in production tests and 34.3 million cubic feet per day of [...]
Alcoa announced that its operations in Alcoa, Tenn., and Western Australia are featured in a new aluminum can documentary that is airing on the National Geographic Channel. “Man-Made: The Can” is a one-hour special that highlights all aspects of the aluminum can, including the aluminum manufacturing process, can sheet production, aluminum’s history and aluminum [...]
GOLDCORP INC. announced that it has received all permits required for full mine and mill construction and operation of its Penasquito project in Zacatecas, Mexico. Penasquito mine is projected to be the largest mine in Mexico when full production is achieved. Current reserves represent seventeen years of gold, silver and zinc production.
The approvals granted include [...]
Surging global demand for copper has breathed new life into the mining industry in Chingola, a short drive from the Congolese border on top of some of the richest copper deposits in the world.
Zambian miners clad in white helmets and blue jumpsuits are building a $300-million (about R2,1-billion), high-tech copper smelter at Konkola Copper Mines, [...]
Royal Gold, Inc. announces the following Webcast:
What: Royal Gold, Inc.’s Penasquito Royalty Acquisition
When: January 3, 2007 @ 12:00 p.m. Eastern
Where: http://www.videonewswire.com/event.asp?id=37173
How: Live over [...]
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 [...]
