Unavailability of valuable iron ore from Jharkhand’s Chiria mines may seriously affect the long-term expansion plans of Steel Authority of India (SAIL). According to a top SAIL official, the very existence of the PSU will be at stake if it does not get iron ore from Chiria.
The official said that the present iron ore reserves […]
Hard Creek Nickel Corporation The Northwest Power Line Coalition released preliminary findings today of a study on the potential benefits of a power line along Highway 37 in northwest British Columbia.
According to preliminary findings provided by Macquarie North America, providing electric power along Highway 37 has the potential to achieve $3.5 billion in capital investments […]
Pegasus Metals announced that an additional four claims have been staked at the southern end of the Eden Nickel Project area, Ontario, Canada. The additional claims cover a south-trending extension of the quartz diorite Offset Dyke. The company also reported that it has completed preliminary soil auger sampling of two tailings deposits adjacent to the […]
Whinnen Resources Limited (Whinnen, the Company) (ASX: WWW.AX) is pleased to announce that it has entered into a conditional agreement to acquire 85% of the Fongo Tongo Bauxite Project in the Republic of Cameroon in Africa, for a total consideration of US$8 million.
Payment will comprise US$4 million cash and US$4 million in shares, and will […]
Fox Resources announced that RC drill hole 08BERC003 has intersected shallow, fresh massive nickel and copper sulphides at the Bertram Prospect, located 12km south of the Company’s Radio Hill nickel mine in WA. Preliminary analysis of the massive nickel sulphides by the Company’s Radio Hill laboratory has resulted in the best intersection of 2m @ […]
Hawk Uranium Inc. is pleased to announce that Geotech Ltd., of Aurora, Ontario has commenced a 2,000 km helicopter-borne Time Domain Electromagnetic Geophysical Survey with a VTEM system over Hawk’s wholly owned Cluff Lake Uranium Project in Northern Saskatchewan. Geotech Ltd. has advised Hawk that it expects to complete this survey by the end of […]
State-run Coal India Ltd. has inked a pact with Oil and Natural Gas Corp. to pursue the study of underground coal gasification.
Junior Minister for Coal Santosh Bagrodia said in a statement CIL entered into a memorandum of understanding with ONGC to jointly pursue a pilot-scale study for underground coal gasification.
He said ONGC, in turn, signed […]
Universal Uranium Ltd. has terminated the option agreement dated February 10, 2006 with Artillery Peak Uranium Corp. Pursuant to the terms of the Agreement, the Company had the option to earn and acquire a 100% interest in Artillery Peak Uranium Corp.’s 86 lode mining claims totalling 1776.85 acres located 186 kilometres northwest of Phoenix, Arizona.
The […]
Leases on vast state-owned coal tracts in southeastern Montana will be offered for bid by the end of the year, but possibly not in time to fulfill an investment bank’s request for an expedited timeline, state officials said.
A London-based bank, Rothschild, had requested the state put the Otter Creek coal tracts near Ashland up for […]
The price of crude oil pushed to a new high after a militant group in Nigeria said it sabotaged a major oil pipeline operated by a Royal Dutch Shell PLC joint venture and promised further attacks on the country’s petroleum industry.
A Shell spokeswoman confirmed the damage to the pipeline appeared to have been caused by […]