As America’s top financial officials updated Congress on their proposed $700 billion plan to rescue the stressed financial markets, oil prices stabilized, for now, towards the $100 a barrel mark today after rising rapidly on Monday. Emerging market experts, tracking the fluctuating prices, were generally optimistic on the long-term stability of energy-heavy economies such as [...]
Transmeridian Exploration Incorporated and its wholly-owned subsidiary Transmeridian Exploration Inc. announced that they have extended the consent payment deadline and expiration time with respect to their exchange offer and concurrent solicitation of consents to amend the indenture governing TMEI’s 12% Senior Secured Notes due 2010 (the “Existing Notes”) (CUSIP Nos.: 89376NAC2, 89376NAA6, 89376NAB4, [...]
Currently, global sulfur production is mainly concentrated in Canada, Russia and the Middle East. The global trade volume of sulfur in 2006 reached 27.7 million tons and meanwhile, China imported 8.81 million tons, accounting for 31.8% of the world’s total. According to the statistics, China consumed about 10 million tons of sulfur in 2006, while [...]
A 32-year-old Ukrainian oligarch is planning to launch his $2bn (£1.01bn) iron ore mining group on London’s main market next month. The flotation will be the first full UK listing for a company from the former Soviet republic.
Konstantin Zhevago plans to raise around $500bn by selling a quarter of his holding in Ferrexpo, a mining [...]
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 [...]
Global Gold Corporation (www.globalgoldcorp.com) announced that its board of directors has unanimously elected the following individuals to the corresponding offices:
Van Z. Krikorian, Chairman & Chief Executive Officer Michael T. Mason, President & Chief Operating Officer Hrayr Agnerian, Senior Vice President Dr. Ted Urquhart, Vice President Drury J. Gallagher, Chairman Emeritus, Treasurer & Secretary Lester Caesar, [...]
Georgian special services have foiled an attempt by a Russian citizen to sell weapons-grade uranium for $1 million in the Georgian capital, a senior Interior Ministry official said on Thursday.
The official said Oleg Khintsagov, a resident of Russia’s North Ossetia region, was arrested in early 2006 and a closed court soon after convicted him to [...]
Russia and Belarus sought Tuesday to resolve a damaging trade battle that has led Moscow to halt oil supplies to several EU nations via Belarus, causing fresh alarm in Western Europe over its reliance on Russian energy.
A delegation led by Vice-Premier Andrei Kobyakov flew to Moscow on Tuesday to find a solution to the halt [...]
From President George W. Bush’s push to ramp up the country’s nuclear industry to Asia’s growing uranium demand to the catastrophic disaster at Cigar Lake, yellowcake has seen an extremely bullish year. And analysts are calling for an even better year in 2007.
Uranium began the year at about $36.25/lb. Today’s weekly price is $72.00/lb, showing [...]
A Russian cargo plane carrying around 330 kilograms (730 lbs) of enriched uranium from Germany has landed at an airport near Moscow, Russia’s nuclear watchdog said.
The uranium was supplied to the Rossendorf nuclear research center, shut down in 1991, as part of bilateral cooperation agreements between the former Soviet Union and former East Germany, the [...]
