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Price slump won’t affect company’s drilling plans
BISMARCK, N.D. (AP) A top executive at Marathon Oil says the company’s plans for oil drilling in North Dakota aren’t affected by a recent oil price slump.
Prices were close to 80 dollars a barrel in mid-July. Now they’re just above 60 dollars a barrel, and they’ve been dropping. Steven Guidry is a Marathon regional vice [...]
No steps towards nationalization of mining
There are no plans to nationalize the mining business in Venezuela, as most agreements are under current regulations, said Friday a high-ranking official.
The State will look for control over marketing of gold and diamonds, but this does not mean taking over operators, Mines Vice-Minister Iván Hernández told Reuters.
Byproducts Part I: Is There a Tellurium Rush in the Making?
The world has had many gold rushes, two uranium rushes, so far that I can remember, and now, I think we’re on the verge of a tellurium rush. What’s that all about?
It’s about the time lag between the discovery of a chemical element and the discovery of a use for it. Briefly, until the last [...]
U.S Mining Industry Future Awaiting Government Mine Exploration and Investment Policy
The U.S. mining industry is waiting warily to see whether the federal government adopts drug-testing regulations in the waning days of the Bush administration.
The rules would expand drug testing to coal mines. The federal Mine Safety and Health Administration contends the regulations, which are still being drafted, will make mining significantly safer.
Oil sheds 1% on Saudi comments
Oil tumbled more than 1% on Monday after Saudi Arabia’s oil minister signaled satisfaction with market conditions and some Asian refiners reported a rise in anticipated Saudi supplies next month.
Ali al-Naimi, oil minister of the world’s biggest exporter, and the cartel’s most powerful voice, told the Wall Street Journal that the market was much healthier [...]
