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India Starts Auction of Oil, Gas Exploration Areas (Update2)
India started its largest auction of oil and gas fields, offering 70 areas for exploration when energy producers are cutting investments because of falling prices and the global recession.
Rio Tinto Ambitions to Triple Iron Ore-Mine Production
RIO Tinto expects little fall in demand for Australia’s iron ore and has been approached by Indian steel mills, eager to secure alternative supplies to meet the needs of the nation’s booming economy.
The mining giant, which has long-term ambitions to triple iron ore production, also plans to make the way it sells its iron ore [...]
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles – and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of [...]
Sultan Mining and Energy Will First Shipment of Coal Mine Result
Sultan Mining and Energy Development Corp. will make the first overseas shipment of its coal mine exploration output after entering into a supply contract with Switzerland’s Glencore International AG, documents from the Department of Energy (DOE) showed.
Glencore, one the world’s largest suppliers of commodities and raw materials, will purchase 90,000 metric tons of local coal [...]
Alliance to proceed with new coal mine
Construction of the new River View underground coal mine near Uniontown could begin by this fall, with production starting in mid-2009, coal producer Alliance Resources Partners L.P. said Monday.
Alliance announced plans for the Union County mine in April 2006, saying it could employ as many as 300 people.
Bloodshed leads to drastic changes in Bolivia’s mining industry
At 13,700 feet above sea level, this Andean mining town looks like any other impoverished region in the harsh Bolivian highlands. But its serene appearance belies the fact that some 6,000 miners went on a bloody rampage in October over one of the world’s richest tin deposits.
Sixteen people were killed and more than 60 injured [...]
M3nergy eyes more upstream O&G jobs
KUALA LUMPUR: The global thirst for oil has driven crude oil prices to record level and in turn, made marginal oilfield development a potentially lucrative business for contractors like M3nergy Bhd.
“The project secured in India is an opportunity for M3nergy to move higher upstream,” its managing director and chief executive officer Datuk Shahrazi [...]
