Add energy operations to a mineral exploration business and what do you get? Energem Resources (formerly DiamondWorks). The company is involved in mining and mineral exploration, oil and gas production and distribution, industrial chemicals, and logistics in 16 countries in Africa. Its mining operation is focused on diamond exploration, and it holds a 40% stake [...]
Spot Australian thermal coal prices edged higher over the past week, driven by lingering supply shortfalls after Colombian mine strikes and a local port bottleneck caused by railway maintenance and softer production.
Thermal coal, used for power generation, rose 58 cents or 1.1 percent to $52.33 per tonne in the week ending June 30, the globalCOAL [...]
LionOre Mining International Ltd. announce the successful completion of Project 5 Million’s construction and commissioning phases, within budget and ahead of schedule, at Tati Nickel in Botswana.
Project 5 Million (see press release dated September 14, 2005) is a low capital cost expansion program designed to increase production from the design capacity of 12,500 to 14,500 [...]
India is formulating a new mining policy aimed at attracting foreign investment of Rs.1 trillion ($21.5 billion) and creating 500,000 jobs by 2011, a central minister said Thursday.
“The government intends to come out with a new policy because the existing mining policy of 1993 has become old and contains stringent provisions that restrict investors to [...]
Coal exports from Richard’s Bay, South Africa, totalled just 5,17-million tons in April, the lowest for 13 months, Simpson, Spence & Young ship consultancy said on Monday.
Citing offical data quoted by the McCloskey Group, SSY said exports had slipped to their lowest level since last March. The April figure compared with 6,40-million tons in April [...]
Coal producer Anglo Coal has ventured into the renewable energy market by acquiring a 5,3% equity stake in Johanna Solar Technology (JST), a German photovoltaic-technology company.
“Anglo Coal’s interest in JST forms part of a wider involvement in promoting and developing carbon mitigation and offset technologies, as part of coal’s strategic response to meeting the environmental [...]
Largest diamond a 1.71 carat octahedron
Robert T. Boyd, President and CEO of Ashton Mining of Canada Inc. (”Ashton” or the “Corporation”) (TSX:ACA), is pleased to report that the cumulative 49.8 tonnes of kimberlitic material collected from the northern end of the Renard 4 kimberlitic body (”Northern Zone”) on the Foxtrot property in north-central Quebec has [...]
South African oil and gas company Sasol Ltd. said Thursday it signed a cooperation agreement with a consortium led by China’s Shenhua Corp. for second-stage studies on the viability of an 80,000 barrels per day potential coal-to-liquids project west of Beijing.
A similar agreement for another project in the Ningxia Hui Autonomous region, about 1,000 kilometres [...]
A new U.S. gold coin, the purest ever made, was to go on sale Monday to investors worldwide.
The $50 coin, known as the American Buffalo, revives a popular design first used on 5-cent pieces in 1913. One side portrays a native American and the other a bison standing on a grassy mound.
Slightly larger and thicker [...]
Harare - Zimbabwe is considering three foreign bids to mine uranium, a state-run newspaper reported on Sunday, saying work could begin before the end of the year.
Deputy Mines Minister Tinos Rusere did not identify the bidders to the Sunday Mail, a government mouthpiece, saying only that they were narrowed down from a number of applications [...]
