Kaiser Aluminum announced that the applicable energy surcharge for October shipments of fabricated products will be:
6xxx alloys: $0.019 per pound
All other alloys: $0.029 per pound
This is a reduction from the September surcharge of $0.040 per pound for 6xxx alloys and $0.056 for all other alloys. The reduction in the surcharge was driven by [...]
Mainland Resources, Inc., a Nevada corporation has signed a Letter Agreement to acquire 5000 net acres in Mississippi where the Company plans to drill the first test well to evaluate the potential Haynesville Shale gas formation in the region.
Under the terms of the Letter Agreement, Mainland Resources, Inc. will acquire 100% Working Interest and 75% [...]
“Today’s 5.4 percent crude oil price increase to $121.18 a barrel despite decreased demand and increased supply is a clear sign that speculators continue to dominate the commodities markets hurting our national economy,” said Lea Wilson, executive director of the Washington Oil Marketers Association (WOMA).
“There is absolutely no economic reason for prices to increase the [...]
Kaiser Aluminum announced that the applicable energy surcharge for August shipments of fabricated products will be:
6xxx alloys: $0.048 per pound
All other alloys: $0.066 per pound
The surcharges are based on a calculation tied to indices provided by the U.S. Department of Energy and are updated on a monthly [...]
Industries Inc. has completed its acquisition of the highly prospective Itigi Manyoni Uranium Property located in Tanzania. Airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization on VIPR’s project area.
Radiometric mapping of VIPR’s newly acquired 170 kilometer Itigi Manyoni Uranium Prospect has identified anomalies in multiple zones featuring high uranium [...]
The U.S. Geological Survey has released an assessment of the Bakken Formation, which stretches across 25,000 square miles from northeastern Montana across northwestern North Dakota and up into the southern region of Saskatchewan.
The last USGS study, completed in 1995, estimated the Bakken Formation had 150 million barrels of undiscovered technically recoverable oil. Thirteen years later, [...]
A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment.
Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska.
The recently released assessment shows [...]
The U.S. Department of Energy Office of Legacy Management will open bidding for 19 parcels of land as uranium mining leases to the private sector on Friday, March 7.
These parcels, located in the Uravan Mineral Belt in southwestern Colorado, between the communities of Gateway and Egnar, will be leased for the exploration, development, and production [...]
As buyers continue to be reluctant to commit to purchases, uranium spot prices dipped again last week – down US$3 to US$120 per pound, according to TradeTech’s indicator.
Customers are expecting further downward price movement due to the current supply overhang, the firm said in the Aug. 3 issue of Nuclear Market Review.
The U.S. Department [...]
The U.S. Department of Energy said a prototype coal dryer project at an Underwood, N.D., power plant is so successful it’s being expanded.
Department officials said the technology at the Great River Energy Co.’s Coal Creek Station has proven so successful the power company intends not only to install full-size dryers on the station’s Unit [...]
