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Utah Government Planned Coal Mine Development In Southern Utah
To improve the regional economy, the government plans to build a Utah coal mine in the southern region of Utah. Division of Oil, Gas and Mining Utah has given initial approval to Alton Cedar City to build a coal mine covering 635 hectares in the town of Alton Kane Country. This coal mine is expected [...]
Gold Prices Increase on Falling Supply and Rising Demand
February gold futures broke $1200 for the first time a little after 4AM New York time. February 2010 is now the major front month contract after the expiration of the December contract on November 30th.
Gold futures were up 14% in November, the best monthly performance in ten years. Silver was also up 14%. Gold traded [...]
Lihir Gold Limited Appoints North American Investor Relations Representative
Global gold producer Lihir Gold Limited has moved to provide greater focus on its North American investor communications through the appointment of an Investor Relations Officer based in Denver, Colorado.
The appointment reflects the requirement for the company to have closer relationships with the investor community in the major markets in the region.
Oil India Raises $570 Mln As IPO Priced At Top End
State-run explorer Oil India raised $570 million by pricing its heavily oversubscribed IPO at the top of its indicated range, and analysts expect a stronger performance than two recent major listings that made muted debuts.
Chevron To Build Biggest Natural Gas Project in Australia
Chevron Corp. on Monday committed to building Australia’s biggest natural resource project, a $37 billion facility that will pump natural gas from the ocean floor, cool it into a liquid and ship it to the hungry economies of East Asia.
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
BHP and Rio Tinto Iron Ore Joint Venture, Positive for Brazilian Mining Company
BHP and Rio Tinto’s $140 billion iron ore joint venture has been good news for Brazilian iron ore giant Vale, according to a senior figure in Brazil’s asset management industry — one of the world’s top 10.
“The fact of the merger will be seen as positive for Vale,” said Itau-Unibanco Asset Management global product specialist [...]
GNC Makes Offer To Obtain Australian Coal Mine Company
Gujarat NRE Coke (GNC), the largest Indian metallurgical coke producer that also has coking coal mines in Australia, has made a hostile bid to acquire an Australian company Rey Resources Limited. The latter owns coal, oil and gas tenements in the Canning Basin of Western Australia which has 500 million tonnes of coal resources.
EC Harris Wins Major Oil and Gas Exploration Contract in Saudi Arabia
EC Harris has secured a major oil and gas contract in Saudi Arabia.
The built asset consultancy has been appointed by ATCO Group’s engineering and construction division in Saudi Arabia to deliver project control services. The eight to 12 month contract could be worth in excess of $2 million.
