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Australian Contract Price Iron Ore and Coking Coal Export to Halve as Chinese Growth Slumps
The crisis and the effects on the domestic economy are expected to deepen as commodity prices fall because of reduced global demand.
Two Biggest Mining Company, BHP and Rio Tinto : BHP Billiton backs off bid for Rio Tinto
One of the biggest planned mergers in corporate history, between mining groups BHP Billiton and Rio Tinto, was scrapped yesterday after a year of preparation, in a move that spread further gloom about the state of the global economy.
The hostile takeover by BHP was once worth $140bn (£92bn) but the collapse in commodity prices and [...]
Arcan Resources Ltd. Provides Corporate Update
Arcan Resources Ltd. provides operations, production and capital update. Arcan shifts capital to oil projects, resolves a few short term production challenges, maintains a strong balance sheet and continues to benefit from high netbacks on light oil weighting.
Operations Update
Hamburg
At Hamburg, construction has commenced on the all weather road to the 13-20-96-9W6 padsite. After road construction [...]
Visual Mining Unveils Breakthrough Software as a Service (SaaS) Performance Dashboard
New Sales Executive Update Increases Data Reporting Productivity and Personalization.
Visual Mining(TM), the premier provider of on-demand graphical reporting, visual analytics, and performance dashboard solutions, today announced the latest release to its on-demand offering, Sales Executive(TM). Advanced reporting and additional powerful personalization features are a few of the many new features designed to help customers quickly [...]
Iran and Russia Learn to Dance the Natural Gas Contango
(Contango-a trading term whereby the future price of a commodity is quoted higher than the price for current delivery)
What’s worse than one bully? A mafioso of them. And if Iran’s Supreme Leader Ayatollah Ali Khamenei has his way, the world’s largest natural gas producers might try to form such a mafia to manipulate markets and [...]
FX Energy Signs Joint Venture Agreement with PL Energia S.A. to Develop Poland Gas Project
FX Energy, Inc. today announced plans to re-enter three Rotliegend gas wells in the Grabowka gas field in the Company’s Fences III project area. Originally drilled by the Polish Oil and Gas Company (PGNiG) in 1983-85, the wells were tested for production but never produced commercially. FX Energy has entered into a joint venture agreement [...]
Petro-Power and the Nuclear Renaissance
With global demand for energy constantly rising and supplies contracting (or at least failing to keep pace), the world is being ever more sharply divided into two classes of nations: the energy haves and have-nots, says Michael Klare.
Not “Islamo-fascism” but “Energo-fascism” — the heavily militarized global struggle over diminishing supplies of energy — will dominate [...]
