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ONGC and BHP Billiton Received Approval Oil Exploration Contract


India approved oil exploration contracts for Oil and Natural Gas Corp. (ONGC), the nation’s biggest energy explorer, and BHP Billiton Ltd as it sought to cut dependence on imports.
The South Asian nation approved the award of 33 blocks, home minister P. Chidambaram told reporters in New Delhi on Friday after a cabinet meeting. Two blocks [...]

Mine Development by Barrick Gold Temporarily Halt, Waiting Analysis Environments Results


Barrick Gold Corp.’s expansion of a Nevada mine must be halted until the federal government completes an environmental analysis to comply with an appeals court order, American Indian tribes said today.
An appeals court in San Francisco on Dec. 4 ordered U.S. District Judge Larry Hicks in Reno, Nevada, to limit production from the mine pending [...]

Essar Group Plans To Acquire Coal Mining Assets In South Africa


India is a coal export destination countries that are always growing. Every year India increased coal demand. Essar Group is a mining company that helps fulfill the coal supply in India. Every year Essar supply 6 million tons of coal. The Company has a contract with the Indian government to supply coal for 25 years.

Australian Mining Companies Reported Finding 1.5 Billion Coal Mine Deposit In Mozambique


Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the region of Mozambique. Riversdale is an Australian mining company has discovered coal deposits in the area near the Zambezi River, Mozambique. Riversdale reports findings coal deposit is estimated to reach 1.5 billion tons. [...]

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.

Opinion To Develop Mining Industry Sector in Nevada : Need New Mining Regulation for Mine Exploration


The economic meltdown that the world is reeling under has hit global powers and poor nations alike. Even as the super power United States struggles hard with its plunging economy and unemployment, analysts have been saying that this century belongs to the Asian giants—China and India.

Vedanta Group Plans To Expand Mining Exploration and Production in India


Vedanta Group plans to pump in USD 13.514 million in India by 2011-12, in its goal to make it the company world’s fifth largest metal and mining entity.

Vedanta Group Plans To Invest in Copper Mine, Iron Ore and Other Mining Exploration Sector


London based Vedanta Group plans to pump in Rs 700 billion in India by 2011-12, in its goal to make it the company world`s fifth-largest metal and mining entity, reports Business Standard.

Riversdale Mining Plans To Start Coal Mine Export From Mozambique 2010


Coal exports from Mozambique were all set for kick-off in 2010, the Cape Town coal conference heard on Thursday.