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Australian Asked China Not Influence Annual Contract Negotiations Iron Ore Prices
The Australian Government through the Minister for Trade Simon Crean urged the government of China is not involved in the process of negotiating a contract setting the annual iron ore price is being done by the iron ore producers and steel makers.
Simon Crean says, “We’re not going to get involved. I have made a point [...]
Development Report Tunnelling Coal Mine Exploration By Pike River Coal
Pike River Coal is an exploration company of coal-mine is being building infrastructure to do exploration of coal-mine in West Coast.
This mine company builds a tunnel, cutting which will be applied to transport coal. This mine company reports tunneling which will be applied to remove coal has been reached 182m and will be continued so [...]
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 [...]
Xstrata Buys Aussie Nickel Miner For $2.9B
Could Australian miners get any hotter? Shares of Jubilee Mines spiked 40% Monday after it agreed to a 3.1 billion Australian dollar ($2.9 billion) takeover bid by Swiss mining group Xstrata.
The deal will give Xstrata (other-otc: XSRAF – news – people ) access to rich nickel deposits in Western Australia at a time when prices [...]
Power industry dumping plans for coal-fired plants
At least 16 coal-fired power plant proposals nationwide have been scrapped in recent months and more than three dozen have been delayed as utilities face increasing pressure due to concerns over global warming and rising construction costs.
The slow pace of new plant construction reflects a dramatic change in fortune for a fuel source that just [...]
Greens challenge causes mining company backdown
Greens challenge causes mining company backdown
The Green Party welcomes the fact that its challenge last week to Pike River Coal Company has now caused the mining company to advise the Stock Exchange and potential investors about how they propose to address their Kyoto liabilities for methane emissions, Green Party Co-Leader Jeanette Fitzsimons says.
“It is welcome [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
The price of coal is poised to rebound on demand from China
The price of coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The country gets 78 percent of its electricity [...]
Oil Innovations Pump New Life Into Old Wells
The Kern River oil field, discovered in 1899, was revived when Chevron engineers here started injecting high-pressured steam to pump out more oil. The field, whose production had slumped to 10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.
In Indonesia, Chevron has applied the same technology to the giant [...]
