Glencore International to Buy Back Columbian Coal Unit From Xstrata
Mar/10/2010 | Under : Coal Mine - Companies - Energy - Mineral Exploration
Glencore International AG, the world’s largest commodity trader, will buy back a Colombian coal unit from Xstrata Plc, setting the stage for an initial public offering that may value the trading company at $35 billion.
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Essar Group Purchase Coal Mine of Trinity Coal Corp
Mar/08/2010 | Under : Business - Finance - Coal Mine - Companies - Stock - Trade & Market
Essar Group said its purchase of Trinity Coal Corp., the Indian company’s first overseas coal mine acquisition, will help lock in raw materials with coal and iron ore prices poised to rise as the global economy recovers.
The $600 million buyout of West Virginia-based Trinity raises Essar’s total U.S. investment to $4 billion, Chief Executive Officer Prashant Ruia said. [Read More]
TNR Gold Engages Financial Advisor for Its Los Azules Copper Mine Project
Mar/02/2010 | Under : Companies - Copper Mine - Exploration
TNR Gold Corp. is pleased to announce that it has engaged British Swiss Investment Corp. to undertake a strategic review of TNR’s alternatives for its Los Azules copper mines project located in the San Juan Province of western central Argentina. [Read More]
Multinational Consortium Buys Shell Oil Assets
Feb/03/2010 | Under : Companies - Crude Oil - Oil and Gas Drilling - Petroleum
The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Friday, agreed to transfer its interest in three production licences and related equipment in the Niger Delta to a consortium led by two Nigerian companies.
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Mining Company BHP Billiton Iron Ore Production Highest Recorded
Feb/02/2010 | Under : Companies - Exploration - Iron Ore Mine - Steel Industry
Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to reach the highest rate in the quarter. The highest production of iron ore from the Pilbara region, Western Australia. Production of iron ore from iron ore mines in the Pilbara region of about 54%.
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Operational Unit Cost Increase, Xstrata Coal Forced To Cut Purchase Coal Price From Coal Suppliers
Jan/29/2010 | Under : Coal Mine - Companies - Energy - Trade & Market
Xstrata Coal Queensland complained that the unit operating costs increased from year to year, thus affecting the company’s earnings to continue the purchase of coal from several coal suppliers. To overcome the problems faced by Xstrata Coal Queensland sent a letter to suppliers of coal, Xstrata Coal Queensland that will cut the purchase price of coal by 20 percent or coal supplier companies will lose the contract coal purchases. [Read More]
Exxon to Build $15 Billion Gas Project for Asia
Dec/16/2009 | Under : Natural Gas - Oil and Gas Drilling - Petroleum
The energy giant is teaming up with partners in a liquefied natural gas project in Papua New Guinea to supply China, Japan and Taiwan.
Exxon Mobil and its partners approved development of a $15 billion Papua New Guinea liquefied natural gas venture, the country’s biggest resource project, to supply the cleaner-burning fuel to China, Japan and Taiwan. [Read More]
Exxon and Partners Approve LNG Project in Papua New Guinea
Dec/16/2009 | Under : Natural Gas - Oil and Gas Drilling - Petroleum
Exxon Mobil and its partners approved Tuesday the development of a $15 billion liquefied natural gas venture in Papua New Guinea to supply fuel to China, Japan and Taiwan.
The project is to be the country’s biggest natural resource development.
Construction is to begin in 2010 after the companies complete agreements with their customers and financing arrangements with lenders, said Exxon, which is the largest U.S. oil company. [Read More]