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China Steel Company, Wuhan Plans To Buy Iron Ore Mines in Australia and Cambodia
According to Mr Deng Qilin board Chairman of Wuhan Steel noted on March 6th that the company would purchase iron ore mines in Australia and Cambodia. However, details aren’t provided. Meanwhile, Wuhan Steel is to take part in iron ore project in Madagascar.
Read moreChina Detains Chairman of Oil Company
The chairman of a Chinese private oil company association has been detained for suspected economic crimes, a company controlled by the tycoon said Tuesday.
Gong Jialong, chairman of the Great United Petroleum Holding Co., was detained by police amid an investigation into unspecified economic crimes, Tianfa Petroleum Co. said in an announcement posted on the Web [...]
Kinross Gold to Acquire Yukon Gold Mine Project
Kinross Gold, a gold mining exploration company’s largest, announced it has successfully acquired a gold mine project in the Yukon region. Assets acquired gold mines are located at the Tintina. Drill holes during 2008 and 2009 exploration programs show reveals 1.00457 million ounces gold at a gold grade of 3.2 gram per tonne in an [...]
Read moreIndonesia sees delay to 2010 for Cepu oil output
Oil production from the $2.6 billion Cepu oil and gas project in Indonesia will be delayed again and is now expected to begin in 2010, instead of the first quarter of 2009, energy watchdog BPMIGAS said on Monday.
State oil firm Pertamina and oil giant Exxon Mobil Corp. signed a joint-operation deal for the oilfield last [...]
Pangea Petroleum announces results from Colorado County, Texas well
Pangea Petroleum Corporation has announced results for the recent completion of its new well in Colorado County, Texas. The well was drilled to the Frio at 4750’ and encountered three potentially productive intervals. The initial interval in the well was placed on production on June 19th at a rate of 320 thousand cubic feet [...]
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