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Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Mining and Energy Companies Investment Delay by Global Financial Crisis
The deepening of the global financial crisis and the sharp drop in energy prices have forced companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit.
Future of Mining Exploration in Kenya
Even with reports that Kenya could have struck oil in Lodwar, the fuel situation in the country has been declared a crisis at the highest levels of Government. And the situation doesn’t look promising.
Industry experts now say that there is little the country can do besides planning for the future.
Kenya imports crude oil for national [...]
BHP Billiton Ltd. Mining Exploration Oil, Coal, Alumunium, Copper Reported :
BHP Billiton Ltd. (BHP.AU) Wednesday posted higher third quarter iron ore and oil production but coal, copper, aluminum and nickel output were lower on year.
SINGAPORE (Dow Jones)–South Korea’s state procurement agency has issued tenders for 6,000 metric tons of aluminum ingot and 6,000 tons of copper cathode, a senior official at the agency said Wednesday.
Mining and energy lead regional climb
European stocks climbed Monday for a third consecutive session, led by mining and energy companies, after metal prices rallied and oil rose to a record.
BHP Billiton, the world’s largest mining company, and Total, the biggest oil refiner in Europe, advanced. Volkswagen led carmakers higher after Goldman Sachs lifted its price estimate for the stock. Clarins [...]
Mining Company in Venezuela Today
Exploration company of mine in Venezuela, especially exploration of oil exploration, experiences some resistances to do exploration, caused by some policies of government Venezuela to exploration investor company of mine.
Venezuela government took over the oil project as part of a nationalisation drive.
This stated from Exxon company spokesman, Len D’Eramo :
“Exxon Mobil has worked with the [...]
Red hot energy prices ignite acquisition fever in Canada’s oil patch
With world oil prices hovering at near nine-month highs and global energy firms flush with cash, analysts are predicting that control of Canada’s booming oil sands sector could soon fall into foreign hands.
Foreign bids worth tens of billion dollars are expected in the coming years as global oil companies look for new opportunities, say analysts.
“The [...]
Oil companies pay little to U.S. for buried energy
When it comes to taking oil and natural gas from government land and waters, the oil companies are getting a good deal, says a congressional report.
The Government Accountability Office said Friday that the U.S. government gets less for letting private companies take oil and gas from its land and coastal waters than a half dozen [...]
Russian nickel producer makes play for Canadian rival
GMK Norilsk Nickel, the world’s largest nickel producer, offered 5.3 billion Canadian dollars Thursday for LionOre Mining International in an effort to break up Xstrata’s agreement to buy LionOre.
Norilsk’s offer of 21.50 dollars a share in cash is 16 percent more than the 18.50-dollar-a-share bid made March 26 by Xstrata, which is based in Zug, [...]
