Egypt Mining and Drilling Chemicals Co

Egypt Mining and Drilling Chemicals Co

Brazil’s CVRD, the world’s biggest iron ore miner, said on Wednesday it will acquire full control of its iron ore subsidiary, Mineracoes Brasileiras Reunidas (MBR), from Japanese partners.
Companhia Vale do Rio Doce previously held an 89.8 percent stake in MBR, the world’s fourth-largest iron ore producer, with output of 64.6 million tonnes in 2006. MBR […]

May 3rd, 2007 – Posted in Iron Ore

The cost of building two coal-fired power units at Duke Energy Corp.’s Cliffside power plant in western North Carolina has gone up to $3 billion, the company disclosed Thursday. The Charlotte-based utility originally estimated the plants would cost $2 billion.

“The new cost figures should not come as a surprise to anyone,” said Southern Environmental Law Center […]

November 17th, 2006 – Posted in Coal, General, Mining Stocks

Having added Texaco’s star (and, more recently, Unocal’s authority) to its stripes, Chevron (formerly ChevronTexaco) can pull rank on its rivals. The second-largest US integrated oil company (behind Exxon Mobil) was formed by Chevron’s 2001 acquisition of Texaco. It has estimated proved reserves of 13 billion barrels of oil equivalent and daily production in excess […]

July 4th, 2006 – Posted in General, Oil and Gas

The chief financial officer of oil and natural gas producer Parallel Petroleum Corp. sold 10,863 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, Steven D. Foster reported he sold the shares Friday for $17.65.

September 6th, 2007 – Posted in Oil and Gas

Royal Dutch Shell Plc, Europe’s second-biggest oil company, and Shenhua Ningxia Coal Industry Group agreed to study investing as much as $6bn in a China plant to turn coal into fuels and chemicals.
Shell and Shenhua Ningxia, a unit of Shenhua Group Corp, China’s biggest coal producer, will study the technical and commercial viability of building […]

July 12th, 2006 – Posted in Coal, General

The new chief of the U.S. Mine Safety and Health Administration, Richard Stickler, announced a three-point “action plan” on his first day on the job. Stickler told the Pittsburgh Post-Gazette Saturday that his first priority is to have more mine inspectors spending more time underground looking for violations, and to crack down on flagrant violations.

He also […]

October 22nd, 2006 – Posted in General

European equities hit fresh six year highs on Monday as firming commodity prices helped lift oil stocks, miners and industrial metals groups, while strong sales helped Swiss watchmaker Swatch.
By late morning in London, the FTSE Eurofirst 300 was up 0.4 per cent to 1,525.5, Frankfurt’s Xetra Dax added 0.2 per cent to 6,758.26, the CAC […]

January 22nd, 2007 – Posted in General, Mining Stocks

Goodrich Petroleum Corp., an oil and gas explorer and producer, said Thursday its bank group approved a boost in its credit facilities to help fund its drilling program in the Cotton Valley trend in Texas.
The company said its bank group approved a $45 million increase in the borrowing base to $150 million, effective immediately. Goodrich […]

September 1st, 2006 – Posted in General, Mining Stocks, Oil and Gas

Macarthur Coal Ltd.’s largest shareholder Ken Talbot and former state government minister Gordon Nuttall have been charged in relation to secret payments, an Australian crime commission said.
Nuttall is charged with 35 counts of corruptly receiving payments totaling almost A$300,000 ($236,880) between Oct. 24 2002 and Sept. 28, 2005, Queensland’s Crime and Misconduct Commission said in […]

January 19th, 2007 – Posted in Coal, General

Transocean Inc., the world’s largest offshore oil drilling contractor, named Steven L. Newman president and chief operating officer.
Newman replaces Jon A. Marshall, the former chief executive of GlobalSantaFe Corp., who had been in the post for only a few months following Transocean’s acquisition of its smaller rival late last year. Marshall announced plans to retire […]

May 6th, 2008 – Posted in Oil and Gas

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