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Gold Producer Riozim Plans Increase Gold Production From 60 Kg To 80 Kg Per Month
Zimbabwean mining company RioZim plans to ramp up gold production to 80 kg a month from the current 60 kg at its Renco mine by the end of the year, the company’s managing director said on Tuesday.
RioZim, previously owned by Rio Tinto , operates Renco gold mine in southern Zimbabwe and is a 22 percent [...]
Iron Ore Producer Increases Product Iron Ore To Fulfill China Demand
Growth of industrial sector in China always experiences a real fast progress, especially steel industrial sector. Improvement of making industrial product activity of steel requires supply of iron ore that is enough banyaka to support produce of steel.
London-based Mining Company, Mwana Africa Plc To Restart Gold Mine Production at Zimbabwe Mine
Mwana Africa Plc, a London-based mining company, will restart gold production at its Freda Rebecca mine in Zimbabwe because of “sustained strength” in prices and changes in the country’s export rules.
600 mining jobs decided to close in Namibia
Mineworkers Union of Namibia representatives are scheduled to meet with the management of Weatherly Mining Namibia today in an effort to save at least some of the more than 600 mining jobs that are on the line after Weatherly decided to close its last two copper mines in Namibia.
Oil prices edge up in Asian trading
Oil prices rose a tad Friday after dipping in the previous session in tandem with a sell-off in gasoline futures.
Light, sweet crude for August delivery advanced 11 cents to $72.61 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. The contract settled Thursday at $72.50 a barrel, down 6 [...]
Troubles Run Deep on Gulf Oil Platform
The day after massive Hurricane Dennis churned through the Gulf of Mexico in July 2005, a commercial vessel traveling past BP PLC’s hulking Thunder Horse oil platform radioed the bad news to its owner: The platform’s top deck was listing into the water.
When a landing party from BP arrived at the platform two days later, [...]
Oil Trades Little Changed After Falling on U.S. Supply Increase
Crude oil was little changed in New York after declining last week as higher stockpiles eased concerns that refiners can meet gasoline supply during the peak summer driving season.
Crude oil inventories have risen to a 17-week high after refinery maintenance and shutdowns cut demand. Valero Energy Corp. restarted two units at its fire-damaged McKee plant [...]
Xstrata 2006 Net Rises 14 Percent on Metals Prices (Update7)
Xstrata Plc, the world’s fourth- largest copper and nickel producer, said full-year profit rose 14 percent to a record after metal prices surged.
Net income advanced to $1.95 billion on a consolidated basis, or $2.39 a share, from $1.71 billion, or $2.27, a year earlier, the Zug, Switzerland-based company said today in a statement. Profit based [...]
BP Starts ‘Pigging’ Alaska Line
The shutdown of a satellite field on Alaska’s North Slope will not stop BP PLC from beginning the process of cleaning out a corroded transit line in the nation’s largest oil field.
“We’re going to start a series of maintenance pigs this weekend,” spokesman Steve Rinehart said Friday.
On Thursday, BP shut down a satellite Prudhoe Bay [...]
