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ArcelorMittal Mining Companies Considering Produce Coking Coal in Russia
ArcelorMittal mining companies to consider an offer from Ukrainian steel group, Donetskstal to form joint ventures to produce coking coal which is located in the Kemerovo region of Russia.
Donetskstal is the holder of mining rights to develop Karagaylinskaya. Estimated production capacity of coking coal mines Karagaylinskaya to reach 1.5 million mt per year. Donetskstal plans [...]
US Domestic Oil Drilling, $700 billion In Oil imports?
The notion that the United States is spending $700 billion on foreign oil is finding its way into Rush Limbaugh’s radio program, in comments on the Huffington Post, in the forum for devotees of Fountainhead author Ayn Rand, on Slate and, of course, youtube.
It is being used by those who support additional U.S. domestic oil [...]
National Oilwell Varco Says James Woods Retires From Board of Directors
National Oilwell Varco Inc., a maker of oil drilling equipment, announced Thursday that James D. Woods will retire from its board of directors, effective Dec. 31.
Woods, 75, has served on National Oilwell’s board since 2005. He was chairman of the compensation committee and a member of the nominating/corporate governance committee.
Prior to 2005, he was a [...]
India Government Plans Alliance With Mining Companies Launches International Coal Venture For Overseas Coal Mine Exploration
PTI reported that India government is contemplating launching a special purpose vehicle, International Coal Venture with an initial investment of INR 3,500 crore for exploring coal in foreign countries.
Read morePan Andean to Begin Drilling in Gulf of Mexico Shortly
Pan Andean Resources says that drilling of an exploration well on block High Island 52 in the Gulf of Mexico will commence within the next seven days. The well will be drilled by the company’s farm in partner, Phoenix Exploration. In 2006 a farm in deal was agreed with Phoenix Exploration, whereby they have an [...]
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