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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.
China Oil and Gas Producer, PetroChina Sign Agreement to Sell Natural Gas
PetroChina, the country’s largest oil and gas producer, has signed its first natural gas distribution agreement, in which it will be responsible for selling natural gas distributed through the pipeline from Burma to Yunnan province, sources reported.
Under the agreement, PetroChina’s subsidiary PetroChina Kunlun Gas Ltd (51%) along with three local companies, namely Kunming Cola Gas [...]
Mining Exploration Result Price, Increase Price Of Iron Ore Mine Will Increase The Price Of Steel
Agreement big mining company, rio tinto and Asia consumer about increase of the iron ore price, enables the happening of indisposed emulation in sale of commerce process of mining products in world mining products market, especially iron ore mine proceeds sale.
Increase of the price iron ore mine will result the happening of increase the price [...]
Mining Exploration, Market and Trade Reported
This week crude oil spiked 8% higher Friday into the high $130s; Senator Barack Obama cinches the Dem-Nom; an Israeli official says that bombing Iran’s nuclear facilities looks inevitable; the U.S. unemployment rate pops half a full percentage point to 5.5%; the buck gets thumped despite Bearded Ben’s early-week fireside chat (where he uncharacteristically mentioned [...]
Mining Exploration sign MOU : First Nation Deal With Two Mining Exploration Companies
Signing a memorandum of understanding was just the latest step in creating a mutually beneficial relationship between a First Nation and two mining exploration companies.
Wahgoshig First Nation Chief Dave Babin welcomed president and CEO of Sage Gold Inc. Nigel Lees and CEO and director of Sheltered Oak Resources Inc. Robert Hanson to his band office [...]
Geoinformatics Announces the Startup of Drilling on the Whistler Project
Geoinformatics Exploration Inc. is pleased to announce that drilling has commenced on its new Alaska gold-copper porphyry project, (the “Whistler Project”) which is located 161 km. northeast of Anchorage.
The initial drill holes of the 2007 drill program will be completed on the “Whistler Zone” totaling 3,000 metres of definition and in-fill drilling. Previously drilling by [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
U.S. Energy Corp. Announces a Stock Buy Back Program; Reviews Corporate Development Plans
U.S. Energy Corp. (Nachrichten), a diversified natural resource exploration company announced today that it will initiate a share buy back program. The Company is also pleased to provide its corporate development strategy along with several project updates as follows.
Share Buy Back Program
The Board of Directors of USEG has approved a share buy back program for [...]
Newmont Considers Expanding Operations in Indonesia After Acquittal in Pollution Case
Newmont Mining Corp. said Wednesday it was considering expanding its investment in Indonesia following the acquittal of the company and an executive accused of dumping dangerous amounts of toxic waste into a bay off Indonesia’s Sulawesi Island.
But analysts say they don’t expect foreign investors — who remain wary about corruption, poor infrastructure, red tape and [...]
