Caspian Sea Yields Oil, Iran Discovers Anew
For the first time ever after more than a century, Iran discovered oil in the waters of the Caspian Sea, state-run FARS news agency reported.
Corvus Gold Obtains $5.5 M to Fund Nevada Gold Project
Canadian miner Corvus Gold obtained the $5.5 million needed to fund and push through with the planned works at its North Bullfrog project in Nevada.
Mongolia Approves Plan Limiting Foreign-Owned Investments in the Country
Weeks before a parliamentary election, Mongolia has approved a draft law that bans or limits the potential ownership of any foreign state-owned companies of its massive natural resources.
Fate of Lynas Rare Earths Plant To be Taken Up During Malaysia, Australia Free Trade Pact Signing
It seems Lynas Corp. and its embattled rare earths processing plant in Malaysia could be included in a list of hot topics for discussion in what could be a most opportune timing as Malaysia signs a free trade agreement (FTA) with Australia on Tuesday.
China Expands Export Quota of Rare Earths
China has expanded the number of rare earths it will export to the global market, from 10,546 metric tonnes to 21,226 metric tonnes, the country's Ministry of Commerce (MOC) announced on Thursday.
BHP Billiton Rethinks Expansion Plans
As the health of the global economy, in lightning speed, turns from nasty to gloomier, even big spenders stop and pause to think if it ought to continue and pursue valiantly plans of improvement and expansion.Such was the case for BHP Billiton Ltd., as its very own chairman, Jacques Nasser, has already suggested the $80 billion it planned to invest on new mining projects by 2015 would rather be kept inside the safe momentarily.
Rising Incomes Will Push Gold Demand in China to Overdrive India’s
As rising incomes help boost the demand of the safe-haven precious yellow metal gold in China, it is quite probable that the world's second-largest economy, also the world's largest gold producer, will topple long recognised India as the world's largest gold bullion market in 2012.
LNG Consumption in Japan Reaches Record High in April
Japan's 10 utility companies, with no more nuclear power to turn to, burned natural gas to a record high in April this year compared to a year ago.
China’s Nuclear Safety and Development Plan Nears Approval
It looks the safety and development plan that is currently being modified by Chinese regulators and planners for its nuclear industry will have its stamp of approval by June.
2011 Gold Production in Tanzania Up 13%
Production of the precious safe haven yellow metal gold by Tanzania, Africa's fourth largest gold producer, jumped 13 per cent to 40.4 tonnes in 2011 from 35.6 tonnes in 2010, as companies increased production output prompted by the metal's rising price during the period in reviews.
LNG-Hungry Japan to Purchase 10% Stake in Australia's Wheatstone Gas Project for $4.4 B
The Japanese government together with a consortium of Japanese companies are poised to buy a 10 per cent stake in Chevron Corp.'s Wheatstone liquefied natural gas (LNG) project in Australia for $4.35 billion.
Azerbaijan Approves Anglo Asian Mining Gold Devt Plans at Gosha Mine
Gold and copper mining company Anglo Asian Mining PLC's production and development plans for the Gosha gold deposit has been approved by the Azerbaijan government.
France’s Areva, Japan’s Mitsubishi Join Forces on Uranium Project in Australia
Areva, a nuclear power plant builder based in France, has teamed up with Mitsubishi Corporation of Japan on a joint exploration program for a possible uranium development project in Australia.
Operating Licence on Lynas Rare Earths Plant in Malaysia Still Hangs
And so it goes. The issuance of the controversial temporary operating licence (TOL) for the Malaysian rare earths processing plant of Lynas Corp. continues to hang.
China, Philippine Tensions Hit Airline Industry
Not only numbers in the arrival of tourist exchanges are affected in the ongoing tensions between China and the Philippines, but also the potential income of the airline industry shuttling the tourists between the two Asian countries.
Japan Sets LNG Forum in 3Q
Japan, which has since expanded its energy mix in a bid to rely less on nuclear power, has scheduled a public forum of producers and consumers of liquefied natural gas (LNG) in Tokyo on September.
Two Pre-Season Storms Eyed in Atlantic, Pacific oceans, Could Cause Damages to Gas, Oil Projects in Gulf of Mexico
Natural gas and oil development projects near the Atlantic Ocean, particularly in the Gulf of Mexico, could be facing potential damages in the coming months with the onset of the rainy season.
China Mulls Unifying Its Many Rare Earths Manufacturers
China, stronghold of the world's supply of rare earths, is set to carry out a proposal of uniting its many rare earths manufacturers into a one large company that represents the entire sector.
Rare Earths Miner Molycorp Makes $650 M Debt Offering to Push Neo Material Takeover Bid
American rare earths miner Molycorp Inc. announced on Monday it will float in the market an offering of senior secured notes in the hopes of raising $650 million to help push its $1.3 billion acquisition plans of Canadian rare earth processor Neo Material Technologies Inc.
Intl Tenders for New Coal, Hydrocarbon Project Being Readied by Mozambique
The government of Mozambique has announced it is currently preparing the necessary prerequisites for the international tenders it intends to make on the new oil and natural gas blocks in the Rovuma Basin in the far northern portion of the country.
Construction of World’s Largest Capacity Power Line Starts in China
China has started on Sunday the construction of what could be the world's largest capacity power transmission line capable of transmitting 37 billion kWh on average annually.
Bargain Hunting Leads Gold to Slowly Recover
After hitting its lowest since early January on Friday, the safe-haven precious yellow metal gold edged a little on Monday, adding $3.39 an ounce to $1,581.69 by 0248 GMT.
Chevron’s LNG From Australian Project Almost Sold Off, Acquires 4th Japanese Buyer
The $29-billion Wheatstone LNG (liquefied natural gas) project of US giant Chevron Corp. is almost already a good done deal, with 80 per cent of sale contracts already covered.
Malaysian Trade Minister Backs Lynas Corp. Rare Earths Plant as Catalyst of Economic Change
Australian rare earths miner Lynas Corp. and its embattled processing plant in Malaysia continue to get caught in a nasty tug-of-war between the country's locals and its government which very much approves its presence.
India Targets Mongolian Coal Mine, Veers Away from Australian Coal
India, currently embroiled in a coal supply shortage owing to various complicated issues at the home front, is set to enter into a memorandum of understanding (MoU) with Mongolia that will enable it to acquire a coking coal mine in the coal rich country.
New Chinese Spy Satellite Launched
China, in just barely less than a week, has sent again into orbit another remote-sensing satellite. Although this time, it has yet to confirm that this particular one launched was a spy satellite.
Lynas Rare Earths Malaysia Plant Scores New Safety Approval Badge
Lynas Corp had scored a stamp of safety approval from no less than the Malaysian Parliamentary Committee, which continuous the Australian miner's winning streak to get its controversial rare earths processing plant operational in Malaysia.
U.S. Fed Approves Chinese Purchase of American Bank, Expansions of Two Others
After numerous rejections and delays, Chinese banks are slowly invading the U.S. banking system.
China, Colombia Strengthen Ties, Sign 9 Cooperation Agreements
At least nine trade cooperation agreements were signed on Wednesday between China and Colombia that included the possible construction of a railway infrastructure in Colombia and an oil pipeline that will run from Venezuela to Colombia's Pacific coast.
Lynas Injunction Case Set to be Heard in Malaysian Court in June
The Malaysian High Court has scheduled to hear in mid June the injunction application filed by Australian miner Lynas Corp. and its subsidiary Lynas Malaysia Sdn Bhd against independent media outlet Free Malaysia Today (FMT) and protest group Save Malaysia Stop Lynas (SMSL) group.