Bakken oil strike

Junior explorer Strike Resources Ltd says it is in discussions for the possible sale of its iron ore interests in Peru, and in talks with steelmakers for potential supply.
Strike revealed the discussions after the Australian Securities Exchange queried a sharp rise in the company’s share price, when it jumped from $1.495 on February 25, to […]

March 15th, 2008 – Posted in General, Iron Ore

A 12-day-long strike at Sasol Mining in Secunda has come to an end with both Sasol and employees represented by the newly recognised United People’s Union of South Africa (Upusa) trade union agreeing that work would resume on Thursday afternoon.
An estimated 2 000 employees, or one-third of the Sasol Mining workforce, embarked on the strike […]

October 25th, 2007 – Posted in General

The Canadian-owned Rosebel gold mine in Suriname has been temporarily shut down after striking workers allegedly flooded part of the plant, welded shut some gates and doors, and damaged 17 all-terrain vehicles, a company official said Thursday.
A number of workers began the strike one week ago at the mine, located about 60 miles south of […]

February 2nd, 2007 – Posted in General, Precious metal

A union representing pilots at PHI Inc., which provides helicopter flights for the offshore petroleum industry and medical emergencies, went on strike Wednesday. Negotiations lasted 2½ years but failed to produce a new labor agreement. The National Mediation Board in July had released the union and the company from trying to settle.

It was unclear how […]

September 22nd, 2006 – Posted in General, Oil and Gas

XTO Energy says it is acquiring oil producing properties and undeveloped land from Headington Oil for $1.85 billion in cash and stock.
XTO Energy Inc. said Wednesday it will buy 352,000 acres of Bakken Shale land in Montana and North Dakota from privately held Headington Oil Co. XTO estimates there are 68 million barrels of oil […]

May 29th, 2008 – Posted in General, Oil and Gas

A shale formation under western North Dakota holds the biggest continuous oil deposit in the lower 48 states, the U.S. Geographical Survey has determined. The Bakken shale formation, 10,000 feet beneath the Williston Basin, holds 4.3 billion barrels of oil, the Thursday report said. The estimate includes what the USGS believes is recoverable using current technology.

The amount […]

April 17th, 2008 – Posted in Oil and Gas

The strike by workers protesting the Centre’s decision to disinvest 10 per cent equity in the Neyveli Lignite Corporation entered its second day today, paralysing lignite mining and power generation here.
With supply of electricity from the NLC to the Tamil Nadu grid almost nil since last night, many rural areas were affected by power cuts. […]

July 5th, 2006 – Posted in General

A Monday meeting between National Union of Mineworkers’ (Num’s) representatives and the management at the Modikwa mine ended without resolve. Onis Ferothwane, one of the negotiators representing the Num, said no agreement was reached in the talks, and that the strike continues.

However, Pieter Rörich, an executive director at African Rainbow Minerals, one of the mine’s owners, […]

January 30th, 2007 – Posted in General

Albidon announced its JV partner African Energy has received final assay results from the initial phase of RC drill testing of the Chisebuka uranium anomaly in the Kariba Valley JV Project in Zambia. Significant intersections include: 7m @ 445 ppm U3O8 from 11m incl. 2m @ 762 ppm U3O8 from 11m and 2m @ 642 […]

March 11th, 2008 – Posted in Press Release, Uranium

The movement of petroleum products especially petrol and diesel of public sector oil companies like IOC, BPCL and HPCL into and around the city, including the airport was affected for about six hours, following a flash strike by Chennai Petroleum Tanker owners Associaition protesting against the arrest of its Secretary K Velu in connection with […]

June 17th, 2007 – Posted in Oil and Gas

While talks sputter to end Guinea’s deadly two-week nationwide strike, the country’s main export industry is starting to feel the effects. Guinea is the world’s largest exporter of bauxite, the raw material used to make aluminum. Phuong Tran reports from VOA’s West Africa bureau in Dakar on how the strike in Guinea is affecting the […]

January 25th, 2007 – Posted in Bauxite, General

Guinea’s general strike has halted all shipments of bauxite from the world’s biggest bauxite exporter, Compagnie des Bauxites de Guinee (CBG), its operator Alcoa Inc. said on Monday.
Company officials in the West African country, the top bauxite exporter, had previously said ship loading operations could continue for around a week using security stocks, but Alcoa […]

January 23rd, 2007 – Posted in General