Electricity – News

AVEC Corporation announced today it has agreed to a confidential due diligence period for two Chinese engine manufacturers to visit its facilities and conduct test on the power and fuel consumption of its engines using non hydrocarbon fuels. The test will be conducted in April 2011. Results will be announced when finished. Samuel Higgins, AVEC Chairman, stated, “This is the first step in unlocking… 

W2 Energy to Demonstrate Environmental Alternatives to the Coal Industry

Wednesday, October 7th 2009

W2 Energy Inc., a developer of green energy, is pleased to announce that it will be able to offer the coal industry a viable alternative for disposal of coal ash or coal fines, that will result in the production of diesel to reduce costs while cleaning up coal fines at the power generating sites. Forty eight percent (48%) of all power generated in the United States is generated through coal burning… 

Report Shows Long Term Benefits of Gold Mining to Developing Economies

Tuesday, September 15th 2009

Large-scale gold production has been found to be a major factor in bolstering the economies of developing countries, according to a key report issued today by the World Gold Council (WGC) in partnership with the International Council on Mining & Metals (ICMM) and Oxford Policy Management. The new report, ‘The Golden Building Block: gold mining and the transformation of developing economies’,… 

SouthGobi Energy Resources Receives Mining Licence For Tsaagan Tolgoi Coal Deposit

Wednesday, August 12th 2009

Alexander Molyneux, President of SouthGobi Energy Resources Ltd. announced that Mongolian authorities have issued a mining licence for the Tsaagan Tolgoi coal property that is held by the company’s Mongolian subsidiary, Southgobi sands LLC. The Tsaagan Tolgoi property is in the South Gobi Region, approximately 415 kilometres east of SouthGobi’s Ovoot Tolgoi coal mine. An independent NI… 

CIC Energy updates discussions with Eskom on the Mmamabula Energy Project

CIC Energy Corp. announced an update on the Company’s discussions with Eskom Holdings Limited (“Eskom”) regarding its proposed Power Purchase Agreement (“PPA”) for the Mmamabula Energy Project (“MEP”) in Botswana, Africa. Eskom has advised CIC Energy that Eskom’s discussions with the Government of South Africa regarding a sustainable funding model for… 

Cameco Temporarily Suspends UF6 Production in Port Hope

Saturday, November 29th 2008

Cameco Corporation announced it is suspending uranium hexafluoride (UF6) production at the company’s Port Hope plant. As previously announced, a contract dispute between Cameco and its sole supplier of hydrofluoric acid (HF) has resulted in unreliable and expensive deliveries of this material necessary for the production of UF6. The dispute remains unresolved and Cameco has exhausted the inventory… 

Peabody Energy Enters Sales Agreement for Non-Strategic Interest in Australia Mine

Wednesday, November 26th 2008

Peabody Energy announced it has entered into a sales agreement for its 62.5 percent interest in the Baralaba Mine in Australia with Cockatoo Coal Limited. Peabody is receiving approximately US$33.6 million [A$52.5 million] for its interest in Baralaba, which has approximately 1.5 million tons of remaining reserves and produced approximately 330,000 tons of thermal and PCI coals in 2007. Baralaba’s… 

Mammoth Energy Group Announces Results of First Well in Pawnee County, OK

Tuesday, November 11th 2008

Mammoth Energy Group, Inc. announced the results from the first well in its 8 well project located near the Arkansas River in Pawnee County, Oklahoma. This first well was drilled to a depth of 1688′ and had commercially viable amounts of oil in the Layton from 1542′ to 1551′. The well was acidized and treated before being completed for production in this interval. Due to a backlog… 

SouthGobi Energy Resources Confirms High Quality Metallurgical Coking Coal at the Mamahak Coal Project in East Kalimantan, Indonesia

Wednesday, November 5th 2008

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has received independent laboratory analysis of a recent bulk sample that confirms high volatile, high-fluidity metallurgical coking coal at the Mamahak coal project in East Kalimantan, Indonesia. SouthGobi owns 85% of the Mamahak coal… 

Cameco Reports Modest Increase in Water Inflow to McArthur River Mine

Wednesday, November 5th 2008

Cameco Corporation reported a modest increase in water inflow to a development area of the McArthur River uranium mine. Production areas were not impacted. “The inflow is only about 10% of our total capacity to pump water out of the mine,” said Tim Gitzel, Cameco’s chief operating officer. “We have prepared for just such events and it is being well managed. To prevent rumours,…