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International Coal Ventures Consider Picking Up Stake Mining Exploration in Australia, Canada, Africa and Mozambique
The special purpose vehicle (SPV), International Coal Ventures Ltd (ICVL), formed by SAIL, Rashtriya Ispat Nigam Ltd., NMDC, NTPC and CIL for scouting coal mines abroad, is now considering picking up stake in some mining companies in Australia, Canada, Indonesia, Africa and Mozambique.
Mining Investment Need $15 Billion for coal-fired power technology
Low-emissions coal-fired power technology, or so-called clean coal, probably needs a further $15 billion of investment and 10 more years of research and development to be ready for commercial use, Credit Suisse Group said.
Coal India Ltd. Receives 17 Bidding For Coal Mining Exploration
17 companies from national and international, has distillation of coal mining exploration by 18 coal-mines owned by Coal India Ltd ( CIL).
“The proposals are now being evaluated by the Central Mine Planning and Design Institute (CMPDI)” a source close to the development told media..
The bidders are Xindia Steels, Walter Southeast Asia, Afcon Infrastructure, Essel Mining [...]
India Mining Exploration Company Make Plans Expand Coal Mine Exploration in Mozambique
State-owned Coal India Ltd. is eyeing exploration opportunities in Africa, beginning with coal blocks in Mozambique, a top official of the company said on Monday.
CIL, the country’s largest coal producer, is sending a team to Mozambique in August to expedite the process.
“We have identified three blocks in Mozambique already. We are also planning to go [...]
Mining Exploration Companies Competition Review, Rio Tinto and BHP Billiton Mine Exploration Result Sale
European Union antitrust regulators widened a probe of the BHP plan earlier this month saying they have “serious doubts” about a combination that would control more than a third of the world’s iron ore, the main ingredient in steel. Metals prices dropped 15 percent since March on concern that growth in China, India, the U.S. [...]
India Coal Mine Exploration Company Possibilities Joint Ventures With Australian Coal Mine Companies
Coal India Ltd and Aditya Birla Group company Essel Mining will explore possibilities of joint ventures with Australian coal mining companies and promote domestic mining equipments Down Under.
A delegation of senior officials from Coal India and their subsidiaries, other mineral mining companies, consultants and trading organisations would be visiting Australia to explore the opportunities from [...]
Libya Deal with Bronco Drilling Co. Coal Exploration
Oklahoma City-based Bronco Drilling Co. is making its first international foray, and the destination is Moammar Gadhafi’s Libya.
The deal, announced this week, is another sign that U.S. investment is broadening in a nation once considered a pariah by the United States.
Multinationals rushed into oil-rich Libya when President Bush lifted restrictions that had barred [...]
OphiraVencap Inc. Announces Proposed Qualifying Transaction with North Sea Energy Inc.
OphiraVencap Inc. (”OPHIRA”) announces that on July 27, 2007 it signed a Letter of Intent (the “Letter of Intent”) with North Sea Energy Inc. (”NORTH SEA”), an arm’s length party, for the potential acquisition of all the issued and outstanding shares of NORTH SEA whether directly, by way of three cornered amalgamation, or by merger [...]
U.S. Energy Corp. Announces a Stock Buy Back Program; Reviews Corporate Development Plans
U.S. Energy Corp. (Nachrichten), a diversified natural resource exploration company announced today that it will initiate a share buy back program. The Company is also pleased to provide its corporate development strategy along with several project updates as follows.
Share Buy Back Program
The Board of Directors of USEG has approved a share buy back program for [...]
