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Coal Mine Exploration Company, Newcastle Coal Price Drops for a Fourth Week Amid Demand Slump
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, dropped for a fourth week, declining to the lowest in almost 14 months as demand from utilities weakened.
Thunder Bay Top Port Coal Mine Exploration Shipment
Higher Great Lakes water levels, continued strong coal shipments and a windfall of wind turbine traffic all contributed to strong tonnage totals through July, yet Duluth-Superior’s maritime commerce is lagging slightly behind last year’s record-setting pace, the Duluth Seaway Port Authority reported today.
All cargo through July totaled 21 million short tons, 6.5 percent behind 2007, [...]
Canada Mining Exploration Company Shift Away From Metal Mine Exploration to Coal Mine Exploration
Canada’s biggest diversified mining company has made a major shift away from metals to coal.
Teck Cominco Ltd.’s $14-billion (U.S.) offer for Fording Canadian Coal Trust – the largest coal sector deal in history – amounts to a major bet by Teck on continued strength for the commodity, which is used to make steel and is [...]
Australian Mine Exploration, Cameco Corporation Sign Agreement Acquire Uranium Mine Exploration Project at Western Australian
Mining Exploration News, Cameco Corporation has signed an agreement to acquire a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million (US).
A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto for $495.0 million (US) through a bidding process. Cameco [...]
Mining Exploration Company Agreement, BHP Billiton About Agreement Of Rio Tinto And Company Produce Of Mine China
As reported on some few days ago, rio tinto has done contract hand marker the price of iron ore with China company steelmaker to increase price of 96.5%.
Today BHP Billiton gives statement relating to production and exploration BHP Billiton and about agreement made by Rio Tinto and company produce of mining products China.
BHP Billiton [...]
Utah Oil Promising Alternative Oilfield Source
Years of rising energy demands have significantly depleted traditional and easily-acquired energy resources, even as large deposits of unconventional resources have remained undeveloped due to the high expense and complicated technology involved in extracting them. But with the price of crude oil and gasoline up and supply shrinking, nontraditional resources are being seriously considered as [...]
Renewable energy developments in Texas
Shell WindEnergy Inc. and Luminant, a subsidiary of TXU Corp., announced today a joint development agreement for a 3,000-megawatt wind project in the Texas Panhandle and to work together on other renewable energy developments in Texas.
Shell and Luminant will also explore the use of compressed air storage, in which excess power could be used to [...]
Gulfside Minerals LTD.:Mongolia Coal Update
Robert L. Card, President of Gulfside Minerals Ltd., (the ‘Company’), reports that the Company has engaged Norwest Corporation (’Norwest’), of Salt Lake City, Utah, a world leader in coal consultancy, to provide consulting services regarding the exploration and evaluation of the Erdenetsogt coal project located in the South Gobi region of Mongolia. Norwest has extensive [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
