Search Results
China Coal Mining Company, Yanzhou Coal Mining Co. Plans Take Over Felix Resources
Yanzhou Coal Mining Co.’s talks to take over Felix Resources Ltd., whose stock gained 9 percent last year, have stalled after price disagreements, two people with knowledge of the matter said.
Mining Exploration Companies Competition Review, Rio Tinto and BHP Billiton Mine Exploration Result Sale
European Union antitrust regulators widened a probe of the BHP plan earlier this month saying they have “serious doubts” about a combination that would control more than a third of the world’s iron ore, the main ingredient in steel. Metals prices dropped 15 percent since March on concern that growth in China, India, the U.S. [...]
Mitsubishi Forecasts 25% Net Gain as Oil, Coal Surge (Update3)
Mitsubishi Corp., Japan’s largest trading company, said profit may rise 25 percent this year as soaring oil and coal prices bolster revenue from its energy and commodities businesses.
Net income will probably climb to a record of 580 billion yen ($5.6 billion yen) in the year that started April 1, from 463 billion yen in the [...]
North Dakota’s mineral resource leader gives estimate of oil in Bakken formation
North Dakota’s own estimate of how much oil can be gotten economically, using current technology, from the Bakken formation in the Williston Basin is slightly above or below 2.1 billion barrels, Lynn Helms reported this morning at a conference here.
Helms, director of the state’s department of mineral resources, said that estimate is based on a [...]
UC Signs BP Contract, Research Already Underway
The $500 million pact between UC Berkeley and one of the world’s largest oil companies went into effect Wednesday, though research covered by the contract started months ago.
The grant may be the largest single corporate funding of academic research in history.
BP will fund both academic and corporate researchers at UC Berkeley, Lawrence Berkeley National Laboratory [...]
China Gold Output to Beat U.S., Challenging S. Africa (Update2)
China will probably overtake the U.S. as the world’s second-biggest gold producer this year and may end South Africa’s century-long dominance within five years, the country’s industry association said.
Production may rise 8 percent to 260 metric tons from 240.1 tons in 2006, Hou Huimin, deputy head of the China Gold Association, said in an interview [...]
Coal use grows despite warming worries
Almost nonstop, gargantuan 145-ton trucks rumble through China’s biggest open-pit coal mine, sending up clouds of soot as they dump their loads into mechanized sorters.
The black treasure has transformed this once-isolated crossroads nestled in the sand-sculpted ravines of Inner Mongolia into a bleak boomtown of nearly 300,000 people. Day and night, long and dusty trains [...]
US hopes for clean coal energy
Much talked-about US efforts to build a coal-fired power plant with near zero emissions are now concentrated in a single project, as the costs and difficulties of the endeavour have mounted and the stakes have risen.
FutureGen, a $US1.5 billion public-private venture, aims to design and test the technology required to turn coal into a gas [...]
India’s state-owned Oil & Natural Gas gets a new chairman
India’s state-owned oil company, Oil & Natural Gas, has given its acting chairman, R.S. Sharma, the role permanently after a 14-month search failed to attract private-sector candidates for a job that pays about $20,000 a year.
Sharma, 56, won final approval from the office of the prime minister on Wednesday. He replaced Subir Raha, who stepped [...]
