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Copper Prices Decrease, Undersea Mining Slow Due Mine Exploration Project
There has been much talk over the years about the scarcity of certain metals, of the gradual exhaustion of reserves at grades that are economical to extract and the dangers this poses for the well being of the global economy.
Nautilus set to make ocean mining a reality
The notion of mining the ocean floor for minerals has always carried the whiff of the fantastical.
A massive ship once commissioned by the CIA to raise a sunken Russian submarine was constructed under the guise of being a deep-sea mining vessel owned by the reclusive billionaire Howard Hughes.
Others, including Inco Ltd., spent nearly half-a-billion dollars [...]
Tullow Oil: Record 2006 Interim Results
Tullow Oil plc (”Tullow”) (LSE: TLW), the independent oil and gas, exploration and production Group, announces its interim results for the six months ended June 30, 2006. These results have been prepared in accordance with the Group’s policies under International Financial Reporting Standards (IFRS).
Tullow had a strong first half of 2006. Trading and production reached [...]
Oil-addicted America finds a temporary fix in Africa
From last fall to early spring the crude oil flowing from offshore fields near the Akwa Ibom River tropical delta in Nigeria supplied the South Elgin, Ill., Marathon gas station 8,000 miles away with roughly one-quarter of its oil.
That was just part of the torrent of foreign-bought crude that prompted President Bush, one of the [...]
