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Philex Mining Corp. Delivers Of Result Of Copper-Mine And Gold Mine To Japan
Philex president J. Ernesto Villaluna Jr. said the shipment consisted of 5,038 dry metric tons of copper concentrates, containing about 2.7 million pounds of copper and 9,652 ounces of gold.
Philex also said it had allotted a budget of P624 million for exploration this year, including P322 million for Philex Gold and P302 million for the [...]
Philex Mining Corp. Delivers Of Result Of Copper-Mine And Gold Mine To Japan
Philex president J. Ernesto Villaluna Jr. said the shipment consisted of 5,038 dry metric tons of copper concentrates, containing about 2.7 million pounds of copper and 9,652 ounces of gold.
Philex also said it had allotted a budget of P624 million for exploration this year, including P322 million for Philex Gold and P302 million for the [...]
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
In Pharaohs’ footsteps, Egypt eyes new gold-mining era
After a 2,000-year lapse, Egypt is looking to acquire a gold-mining industry again by revisiting ancient deposits of the precious mineral that symbolized the glory of the Pharaohs.
Josef al-Raghy surveys Sukari Hill, a large reddish outcrop in Egypt’s Eastern desert dotted with his Centamin company’s drilling rigs.
“We already have proven resources of 6.7 million ounces [...]
Black gold in the Gulf
A year and a week after Hurricane Katrina ravaged oil and gas production in the Gulf of Mexico, Chevron (the second-largest oil company in the United States) and two of its partners announced a deepwater discovery in the Gulf that will generate between 3 billion and 15 billion barrels’ worth of oil and gas reserves. [...]
Asia boosted by Japan report
Markets overcome early decline on worries about U.S. slowdown; Nikkei at two-month high.
Asian stocks rose Wednesday, wiping out initial losses triggered by worries over a possible U.S. slowdown despite a pause in interest rate hikes in the world’s largest economy.
The dollar pulled up from two-month lows against a basket of major currencies, strengthening on a [...]
