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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.
China National Offshore Oil Corp. Joint Venture Datong Coal Mine Group To Build Coal-To-Gas Plants
A unit of China National Offshore Oil Corp (CNOOC) plans to build plants to turn coal into natural gas, oil products and other chemical products, in partnership with Datong Coal Mine Group, the Datong city government said on Monday.
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.
Mining Technology Development, Syngas Success Used Coal Gasification Technology by Siemen Fuel Gasification Technology
Syngas has advised that analyses of core samples from the Company’s JORC classified coal resources at Clinton, match the coal quality of previously successfully gasified coal using gasification technology that is now owned by Siemens Fuel Gasification Technology GmbH & Co KG (Siemens).
