Bakken oil strikeadmin
Nickel prices vaulted up by 5 percent on Friday as Inco Ltd. said it was starting an “orderly shutdown” of its Voisey’s Bay nickel mine in Canada after workers walked out.
Some 120 employees of a total workforce of 420 walked out at midnight at Voisey’s Bay, one of the world’s largest nickel mines, after talks […]
July 28th, 2006 – Posted in General, Nickel
Goro Nickel, acquired by Brazil’s Cia. Vale do Rio Doce this week, expects to deliver a revised budget for its $2.15 billion nickel project in New Caledonia on schedule by the end of the year.
A general strike, now in its fifth week, by the 2,000- strong New Caledonian Confederated Union of Workers has had only […]
October 27th, 2006 – Posted in General, Nickel
Oil prices hit a record high $117 a barrel Friday as jitters over Nigerian oil supplies outweighed a rally in the dollar and fears of an economic slowdown in giant energy consumer China. U.S. light crude settled up $1.83 at $116.96 a barrel, before hitting a record $117. London Brent crude gained $1.49 to $113.92.
Oil prices […]
April 19th, 2008 – Posted in Oil and Gas
Codelco, the world’s biggest copper producer, said it reached a new wage agreement with a group of workers at its largest mine, averting a strike.
A union representing about 530 workers at the Chuquicamata copper mine in northern Chile voted Wednesday to accept a wage offer after Santiago-based Codelco reduced the length of the contract, union […]
February 22nd, 2007 – Posted in Copper, General
A strike paralysed Bangladesh as a police officer was killed amid new violent protests over the shooting deaths of five demonstrators against a British firm’s plan to construct a coal mine.
Shops, schools and businesses in all major towns and cities were closed for the strike called by the main opposition to protest the Asia Energy […]
August 31st, 2006 – Posted in Coal, General
Norwegian petroleum companies Statoil and Norsk Hydro elbowed into the global fray for oil Monday with a plan to form a state-controlled giant that would be the world’s largest offshore oil producer.
Statoil said it was acquiring the oil and natural gas operations of its smaller rival in a $30-billion deal largely motivated by their drives […]
December 19th, 2006 – Posted in General, Oil and Gas
Copper and nickel gained, snapping three days of losses on the London Metal Exchange on speculation dwindling supply won’t meet demand.
Copper surged 68 percent this year as strikes and ore containing low amounts of metal at mines in Asia and Latin America reduced production. Copper prices will be supported after workers at BHP Billiton’s Spence […]
September 18th, 2006 – Posted in General, Nickel
Martial law in Guinea has forced the world’s biggest bauxite exporter, Compagnie des Bauxites de Guinee (CBG), to halt mining activities and deliveries of ore to the Kamsar port, company officials said on Wednesday.
Guinea, which holds a third of the world’s bauxite reserves, has been gripped by a wave of violent protests against President Lansana […]
February 16th, 2007 – Posted in Bauxite
A union at BHP Billiton Plc, the world’s biggest mining company, said the latest wage offer from management at a Chilean copper mine is too low.
BHP today offered a union at its Cerro Colorado copper mine in Chile a wage increase of 2 percentage points above inflation, below the union’s request for a 7 […]
January 24th, 2007 – Posted in General
Sino Gold Mining announced the initial Beyinhar Ore Reserve is estimated to be 21.4Mt @ 0.72 g/t Au, containing 0.5Moz. The Beyinhar Mineral Resource estimate has increased 37% to 51Mt @ 0.62 g/t Au, containing 1Moz, including Measured and Indicated Resources of 29Mt @ 0.63 g/t Au, containing 0.6Moz. Deposit remains open along strike and […]
March 5th, 2008 – Posted in Precious metal, Press Release
Oil prices rebounded Friday amid cold weather in the United States, a major consumer of heating oil, and as traders watched for signs that OPEC members were cutting output.
Concerns were also stoked by a threat from the two main Nigerian oil workers’ unions to strike next week in protest of rising violence in the country’s […]
February 2nd, 2007 – Posted in General, Mining Stocks, Oil and Gas
Concerns raised by relatives of 12 miners killed in the Sago Mine disaster prompted state mine safety officials to hastily scrap the report’s release Monday and promise to rewrite it.
The report concludes the Jan. 2 methane gas explosion in a mined-out and sealed off area was nearly five times more powerful than the foam seals […]
December 12th, 2006 – Posted in General