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India Starts Auction of Oil, Gas Exploration Areas (Update2)
India started its largest auction of oil and gas fields, offering 70 areas for exploration when energy producers are cutting investments because of falling prices and the global recession.
China Petroleum & Chemical, Sinopec’s Reported Profit May Double on Pricing Changes (Update1)
China Petroleum & Chemical Corp. may double its profit this year, rebounding from the first decline in seven years, as it benefits from relaxed fuel price controls and declining crude oil costs, analysts said.
Mining Exploration and Commodity Trends in 2009
The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.
Prediction Growth Of Mine Exploration Result Request From China
BHP Billiton has followed rival Rio Tinto in alerting the markets to a slowdown in the voracious appetite of China for raw materials.
The world’s largest mining group said today that China was “not immune to the global slowdown” and that macroeconomic indicators showed that “Chinese growth has softened during the quarter, albeit from very high [...]
Mining Exploration Investment Future in HK Market and Trade
China Mine Exploration Company, Shenhua Energy Net Income Jump 160 percent. Angang Steel also slipped 0.8 percent.
Hong Kong shares posted their biggest single-day jump in five months on Monday, rising 3.5 percent as most blue chips rebounded following a Wall Street rally.
Though spurred by bargain hunting and short covering, market watchers expect the rally [...]
Rio Tinto Increases Result Of Mining Exploration To Fulfill Request Coal Mine
Rio Tinto cancels offer of $142 billion from BHP Billiton, because this mine company will do improvement of activity of coal mine exploration by 2015. The mine company, rio tinto tells improvement of coal mine exploration, caused existence of request increase of coal mine in market result of mining exploration. Cancellation of offer from BHP [...]
Report the Price of Result Mine Exploration in Asian Market : Oil Prices Increase to Near $130 a barel in Asia
Oil prices rose on Monday in Asia to near $130 on concerns that the threat of new sanctions against Iran over its nuclear program may escalate tensions in the oil-rich Gulf region.
Talks on Saturday ended with Iran stonewalling Washington and five other world powers on their call to freeze uranium enrichment. In response, the six [...]
Coal Mine Shipment in Newcastle Coal Port Loading Halted
As continuation of protest to delivery result of coal mine exploration through coal mine Newcastle port, today delivery process of coal mine halted for the time being, finite existence of agreement. Retirement process of delivery of coal mine started by 6:00 am. and about 8:30 am. local time, that way in reporting bloomberg.com.
Coal ship loading [...]
Philipines Coal Mine Exploration, Coal miner eyes 300-MW power plant in South Cotabato
Coal miner Sultan Mining and Energy Development Corp. is exploring the possibility of putting up a power plant in Daguma, South Cotabato, in the southern Philippines.
Sultan Mining’s coal resources are enough to power up a 300-megawatt power plant, according to sources familiar with the company’s activities.
Sultan’s wholly owned subsidiary, MG Mining and Energy Corp. (MGMEC), [...]
