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Australian Mining Exploration Sector Wise To Cut Iron Ore Production
Cutting iron ore production was a prudent move by Australian miners battling a slowdown in demand from China ahead of negotiations on contract prices with the Asian giant, analysts said Tuesday.
Mining Companies, Anglo wants out from gold and copper Mine Exploration venture in southern Philippines
Anglo American wants to pull out from a gold and copper venture in southern Philippines due to resistance from the local government and residents, its partner Manila Mining said on Tuesday.
It is the second major mining project in the Philippines that the world’s fourth-largest diversified mining group is exiting from. It was not clear whether [...]
Venezuela and Russia Begin Drilling for Gas in the Gulf of Venezuela
On Friday, the Venezuelan state oil company PDVSA and the Russian company Gazprom began drilling for gas in the Gulf of Venezuela. Government officials from both energy giants further concretized an alliance with cooperation agreements in a wide variety of areas, including nuclear energy, gold mining, and flights between the two countries.
Virginia panel approves study of mining vast uranium trove
A state commission approved a study Thursday to examine the impact of mining a rich uranium ore deposit in Virginia believed to be the largest untapped trove of uranium in North America.
Venezuela and Russia Initiate Gas Exploration and Expand Strategic Alliance
the Venezuelan state oil company PDVSA and the Russian company Gazprom began drilling for gas in the Gulf of Venezuela. Government officials from both energy giants further concretized an alliance with cooperation agreements in a wide variety of areas, including nuclear energy, gold mining, and flights between the two countries.
Nickel price slump halts projects, but outlook bullish
Many nickel projects are expected to be delayed because they have become unprofitable due to falling prices, but this could cause future supply tightness and push prices up again, industry sources said.
“The current financial turmoil is setting the stage for another boom,” Simon Purkiss, managing director of London-listed European Nickel told a Nickel Day seminar [...]
Oil Drilling Exploration in West Nile to Delay
Residents of West Nile have to wait longer before tapping into the benefits of oil.
This is because Neptune Company, the firm that was licensed to explore the resource, is yet to secure some of the machines to facilitate the drilling process.
Neptune’s Environment and Community Affairs Manager Rashid Mugabi told the Arua Natural Resource Committee yesterday [...]
Canada Mining Investment, Rio Tinto investing $228-million in Quebec hydro
Global resources giant Rio Tinto PLC [RTP-N] said Tuesday it will spend $228-million (U.S.) to install a new 225-megawatt turbine at its Shipshaw power station in Saguenay, Que., as part of the company’s investment in what it calls quality assets.
The previously announced project is expected to be completed in December, 2012.
Top global firms form mining developmental framework
Forty-seven leading mining companies in the world have committed themselves to the institution of principles expected to guide efforts to achieve sustainable developments in their areas of operation.
The companies, all members of the International Council of Mining and Metals, met between October 13 and 17, 2008 in Addis Ababa , Ethiopia, and resolved to focus [...]
