Mining, Oil & Gas News & Blog

Entries for November 2012

28
Nigerian New Entrants to Rich List Grew Wealth Through Investments in Oil & Gas
The number of Nigerians on the Forbes List of 40 African richest business people rose from eight in 2011 to 11 in 2012. A review of their business empires has shown that oil and gas remains the main source of revenue to most of Nigerians who made the list. with over Aliko Dangote toping with $10 bn.

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27
 Katanga Mining has secured $635.5 million in new loan facilities from parent Glencore to fund Congo's copper-cobalt mine
The Toronto-listed Katanga Mining firm wants to bump copper production to 270,000 tonnes per annum and thereafter bump it up to 310,000 tonnes from cash flow. The company is already ramping up copper production with financials results also out on Friday

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26
Aphrodite Gold has struck an innovative deal that has landed $2,500,000 from $8B capped Canadian Franco Nevada Corporation
In the current difficult capital raising environment, Aphrodite Gold has been innovative in its ability to obtain funding from $8B capped Franco Nevada via a royalty agreement.  This is good message of the upside potential of the Aphrodite Gold project. Aphrodite Gold strikes royalty funding dea

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24
Greenfields Petroleum Continues Building Up Azerbaijan Oil & Gas Production Base for Europe
Greenfields Petroleum listed as a ‘speculative buy’ working in a proven gas province that already supplies vast quantities of energy to European Gas markets. This optimism is in large part based on expectations that both oil and gas production is tipped to double or more in 2013.

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23
Zeta Petroleum provides update on Bobocu gas field & MD talks about oil and gas exploration in Romania
Zeta holds licenses to projects in Romania through its 100% owned subsidiary company, Zeta Petroleum (Romania) SRL. Zeta Petroleum has a portfolio of oil and gas assets, which includes Bobocu Gas Field (100% owned and operated), 

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23
Posco is looking for strategic investors for stake it has in Western Australia's Roy Hill iron ore project
South Korean steelmaker Posco is looking for strategic investors in the $1.45 bn stake it has in Western Australia's Roy Hill iron ore project. The company is seeking investors for the 2.5 per cent stake out of the 12.5 per cent it has, said Posco's Kim Ji-young, as the steelmaker is tightening its belt in response to the prolonged downturn in the steel industry.

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Posted in: Mining
22
Heavyweight broker Goldman Sachs has started coverage on a mix of West African gold firms
Heavyweight broker Goldman Sachs has started coverage on a mix of West African gold firms, aiming to identify those which look set to outperform. The region, which includes Nigeria, Ghana and Guinea, has seen a boom in gold mines over the last decade ...

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21
Shree Minerals is edging closer to production from its Nelson Bay River Iron Project in north-west Tasmania
While waiting for Commonwealth approvals for mining to commence, the emerging iron ore producer in Tasmania has not been idle ticking off significant project development items. With mininal CAPEX and no infrastructure CAPEX, Shree is well placed to be the next iron ore miner into production.

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20
Golden Goliath Resources is looking for funding - ready to drill early 2013
Paul Sorbara, President of Golden Goliath talks to Proactiveinvestors about the potentials in one of their properties in Mexico. With investors like Sprott Asset Management and Agnico Mines in the area, there’s a validation to the GNG project. Paul says that the area is being reborn ...

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18
Exciting solar vehicles in Chile race across world's driest desert
Solar cars roll across Earth’s driest desert in the second annual Solar Challenge. The race begun in Chile's Atacama desert, where 15 solar-powered cars rolled out of an old salt mine last Thursday.

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Posted in: Oil and Gas
16
A facelifted Rolls-Royce flagship could become more of a coal chariot for resource-rich Australians
A brand new facelifted Rolls-Royce flagship could become more of a coal chariot than a Phantom for the opera as the brand targets cashed up customers in Western Australia and Queensland. Australian sales haven't experienced the same growth as those overseas since the introduction of the smaller, more affordable Ghost in 2010; the Ghost was planned to more than double sales globally.

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15
Thorium as a nuclear fuel in place of uranium to create nuclear power near reality
Since India began its nuclear programme in the 1950s, it has aimed to tap the ample thorium reserves that lie within its borders. Thorium is thought by some to be important to developing a new generation of clean and safe nuclear power. However, some believe thorium doesn’t solve nuclear safety and waste issues nor improve the economics of nuclear power, and that difficult technical hurdles impede possible commercialization.

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15
A glut of cheap shale gas has prompted US power companies to burn less coal
According to NewScientist The US has recorded a sharp fall in its greenhouse gas emissions from energy use. Thanks to a rise in the use of natural gas, emissions are at their lowest since 1992. The fall will boost the natural gas industry, but in reality the emissions have simply been exported.

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14
Politics. Mines & Money is a four day event at London annual mining conference
This year it will be amazing to attend Mines and Money London 2012. The conference will bring together over 3000 investors, financiers, brokers and senior mining executives for Europe’s leading mining investment and capital raising event.

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13
Mining companies are flocking to northern Finland for new deposits of gold, nickel & other minerals
Mining Companies Swarm to Finland's Far North as new deposits of gold, nickel and other minerals promise vast profits. But the area's fragile wetland ecosystem is paying the price. Conservationists are so far fighting a losing battle. 

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12
How Smart Modern Websites can help the highly Mobile Mining Industry
Web Content delivery today is not so easy as Typical user may have a netbook, a laptop, a 27″ iMac, a 50 inch widescreen TV that may also act as a browser and of course the huge number of clever new smartphones entering the market and finally iPads or other tablets that have become so popular. 

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12
 Diwali festival across India as India gold ETF trade jumps 81%
The National Stock Exchange in Mumbai recorded an impressive jump in volumes traded of gold ETF or exchange traded fund units on Dhanteras, the first day of the three-day Diwali festival across India.

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10
Gas finds give impetus to China's "South China Sea" claim
The South China Sea could hold far greater reserves of crude oil and natural gas than previously thought, newly revealed estimates from China’s biggest offshore oil and gas company show, making the area a crucial future energy source for the world’s biggest energy user.

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09
Online Paper for FinityAsset by Paper li
We are proud to announce the release of FinityAsset Online Paper that includes a daily news cuttings and popular blogs, and tweets from leaders in Mining, Investment as well as the science and technology of mining.

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