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Norway Mining Company Plans Nickel Mine Exploration in Philipines Delay
Norway-based Intex Resources said it had deferred the completion of a definitive feasibility study for its nickel mining project in Mindoro Island, south of Manila, including a $2.9-billion plant, from early next year to the fourth quarter of 2009, citing as reason the global financial crisis.
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 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 [...]
Wega Mining ASA to make investment of up to C$10 million in Tagish Lake Gold Corp.
Wega Mining ASA and Tagish Lake Gold Corp. (TSX-V: TLG – News) announced today that they have entered into a subscription agreement pursuant to which Wega Mining has agreed to make an equity investment of up to C$10 million in Tagish Lake Gold Corp.
Under the terms of the subscription agreement, Wega Mining’s investment will be [...]
Ghanaians express fear over oil discovery
FEARS HAVE been expressed by some Ghanaians that the discovery of oil in Ghana might be a resource curse rather than a blessing, citing the example of Nigeria and the poor state of Tarkwa and Obuasi after several years of gold mining gold.
A cross-section of Ghanaians the Business Chronicle spoke to expressed the fear because [...]
Wega Mining Acquires Additional Common Shares of Century Mining
Wega Mining ASA announced today that it has acquired through the facilities of the TSX Venture Exchange an additional 5.5 million common shares of Century Mining Corporation (representing approximately 4% of the outstanding common shares). After this acquisition, Wega Mining owns 24,801,646 common shares of Century Mining Corporation (representing 18.17% of the issued and outstanding [...]
To cash dig for the money coal
The PLANS to probe the true cost to reopen wells finally could convince of the ministers if his interesting to connect on the reservations of the coal of the North-East.
The experts of extraction as regards area examine now how much money cash would cost necessary to develop a deep mine to reach the massive unexploited [...]
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, [...]
