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Congo, Uganda Agree To Secure Oil Sites From Rebels – Govts
The government of Uganda and the Democratic Republic of Congo have agreed to secure oil exploration sites around Lake Albert from rebels, a government statement said Monday.
The Congolese army and U.N. forces in Congo, or MONUC, will deploy a brigade to keep Allied Democratic Forces rebels in western Uganda and eastern Congo in check, the [...]
Explor Resources Inc. Drilling Program Eastford Lake Gold Project
Explor Resources Inc. is pleased to announce that Phase III of a 2,100 metre drill program has been started on the Eastford Lake Gold Property. The property is situated in the Kerrs, Warden, Milligan Townships and the Rayner Lake area, south-west of Lake Abitibi, Ontario in the Timmins-Porcupine mining camp.
The Eastford Lake Property consists of [...]
Canadian dollar weakens on lower oil, bonds climb
The Canadian dollar eased against the U.S. dollar on Monday, hurt by lower oil prices and profit-taking following recent gains.
Domestic bond prices rose alongside U.S. treasuries.
At 9:30 a.m. (1330 GMT), the currency was at C$1.0709 to the U.S. dollar, or 93.38 U.S. cents, down from C$1.0696, or 93.49 U.S. cents, at Friday’s session close.
U.S. [...]
Planned Coal-Fired Plant to Get Airing in Southwest Virginia
Proponents of a $1.6 billion coal-fired power plant are eager for the jobs it would create in economically depressed southwest Virginia, while critics worry about its environmental impact.
The Dominion Virginia Power proposal will be the focus of hearings Monday and Tuesday nights by staff of the Virginia Department of Environmental Quality.
The lengthy construction phase of [...]
Oil Gains On Iran’s Defiance
Iran has moved the energy market again. On Sunday it said it would press on with its nuclear research program despite the United Nations’ pledge of economic sanctions.
Following a break for Christmas, the New York Mercantile Exchange saw crude for delivery in February jump 66 cents, or 1.1%, to $63.07 a barrel, on Tuesday morning. [...]
