Shares in UK natural gas producer BG Group Plc jumped nearly 6 percent as investors started betting on the potential size of the Carioca oil discovery in Brazil after the chief of the country’s petroleum agency revealed the site could be holding around 33 billion barrels of oil equivalent, making it one of the world’s […]

April 17th, 2008 Tags: BG, BG Group Plc, Brazil, Citigroup, Gas, gas producer, III, Lima, London, Market, markets, Natural Gas, natural gas producer, Oil, oil discovery, oil equivalent, oil find, Oil service, pence, Petrobras, Petroleum, project operator, Resources, services, Services Group, Shares, Spain, state-owned oil

The Australian share market has surged by 1 per cent after energy stocks were boosted by higher oil prices. The All Ordinaries Index added 55 points to 5,465 and the ASX 200 picked up 58 points to 5,400. Resource company Woodside Petroleum closed 2.7 per cent higher on rising oil prices.

Supply concerns sent the price of oil […]

April 15th, 2008 Tags: Africa, ANZ, Australia, bank, Commonwealth Bank, Company, Crude Oil, Energy, energy stocks, Federal Government, Gas, gas project, Gold, Guinea, higher oil prices, Japan, liquefied natural gas, Market, Middle East, mining, Mobil, Natural Gas, natural gas project, Oil, Oil price, Oil prices, Papua, Papua New Guinea, pence, Petroleum, Price, Prices, Resources, Telstra, Texas, Woodside Petroleum

Russian steel maker Mechel said on Wednesday it has agreed to pay $1.5 billion (750 million pounds) in cash to acquire ferro-chrome producer Oriel Resources as it expands its ferro-alloy business.
Mechel, Russia’s largest coking coal producer, said it would pay 219.86 U.S. cents per share in Oriel, a Britain-based company that operates a ferro-chrome […]

March 26th, 2008 Tags: Asia, Asian, Britain, Chairman, Coal, coal producer, Company, Exchange, Kazakhstan, London, Market, markets, mine, Mines, New York, pence, Price, Resources, Rita, Rome, Russia, Russian, stainless steel, steel, steel maker, steel making, Toronto

Aricom Plc expects to significantly expand its iron ore reserves in the Russian Far East after paying $80 million to acquire two mining licences adjoining existing projects, the company said on Tuesday.
London-listed Aricom, which launched its first Russian mine last year, will pay a total $45 million in cash and $35 million in shares for […]

March 26th, 2008 Tags: Audi, Australia, Brazil, China, Company, Far East, Hambro, Iron Ore, Joint Ore Reserves Committee, London, mine, mining, pence, Resources, Russia, Russian, Shares, steel, steel mill, steel mills, Trade

Roxi Petroleum, a company formed to buy controlling interests in and develop oil and gas assets in Central Asia, (initially Kazakhstan), is planning a listing on AIM with the issue of 168,207,490 ordinary shares at 38 pence each.
The company said it expects to raise 38.9 million stg before expenses and to have a market capitalisation […]

May 13th, 2007 Tags: Asia, Company, Gas, gas assets, Kazakhstan, Market, Oil, Oil and Gas, oil and gas assets, pence, Petroleum, Shares

British Gas lowered its residential electricity and gas prices on Thursday in the latest salvo of a price war.
British Gas parent, utility Centrica, said the business was cutting electricity prices by 6 percent and gas prices by 3 percent. Coupled with cuts earlier this year this would reduce the average annual dual fuel bill by […]

April 27th, 2007 Tags: bank, BNP Paribas, Britain, British Gas, central bank, Centrica, Clark, Company, CP, E.ON, electricity, electricity bills, electricity prices, Energy, Energy bill, energy bills, energy costs, energy prices, energy regulator, energy supplier, Europe, fuel, Gas, gas price, gas prices, gas storage, gas supplies, Germany, high energy, high energy prices, liquefied natural gas, Market, markets, Natural Gas, Netherland, Norway, Oil, Oil price, Oil prices, on gas, pence, Pipeline, Power, Powergen, Price, Prices, Rita, Scott, Scottish Power, Shares, Spain, The Netherlands, Trade

Anglo American Plc, the world’s second-largest mining company, will pay $1.15 billion for 49 percent of the Brazilian iron-ore project MMX Minas-Rio, the first acquisition by Chief Executive Officer Cynthia Carroll.
Anglo will buy the stake from MMX Mineracao e Metalicos SA, controlled by Brazilian billionaire Eike Batista, and Centennial Asset Mining Fund LLC, the […]

April 23rd, 2007 Tags: Africa, America, Anglo America, Anglo American Plc, Bloomberg, Brazil, Carrol, China, Coal, Company, Copper, Credit Suisse, Credit Suisse Group, Export, fuel, Gold, gold mining, Iron Ore, Johannesburg, Kumba Resources, London, Market, metal, Million Tons, Minas Gerais, mine, Miner, Mines, mining, Mining Fund, pence, Price, Prices, Resources, Rio de Janeiro, Rio Doce, Shares, South Africa, telephone

RAK Petroleum PCL (’RAK Petroleum’) announced that it has entered into an agreement with Gulf Keystone Petroleum Limited (’Gulf Keystone’) to acquire all of the issued and to be issued share capital of Gulf Keystone.
The transaction is recommended by the Board of Directors of Gulf Keystone, who have given irrevocable undertakings to vote in favour […]

April 16th, 2007 Tags: Africa, Algeria, ANZ, Bermuda, BOARD OF DIRECTORS OF, Chairman, DIRECTORS OF, Energy, Energy Ltd, Gas, gas and oil, Gold, Goldman, Goldman Sachs, Gulf, law, Middle East, mining, Oil, oil reserve, oil reserves, Oman, pence, Petroleum, Price, Shares, UAE

SXR Uranium One Inc. agreed to buy UrAsia Energy Ltd. for $3.1 billion, to form the world’s second- largest uranium producer as rising demand for nuclear fuel drives prices to records.
SXR, owner of South Africa’s largest undeveloped uranium deposit, offered C$7.05 ($6.01) a share in stock for Vancouver- based UrAsia, which owns uranium mines in […]

February 12th, 2007 Tags: Africa, Alternative Investment Market, Amec, America, AREVA, Asia, Australia, Bloomberg, BMO Capital Markets, CAMEC, Cameco, Cameco Corp., Canaccord Adams, Canada, Coal, Company, Energy, Energy Ltd, Environment, Europe, Exchange, Export, fuel, Green Mountain, Hiroshima, Its Mine, Johannesburg, Kazakhstan, KYOTO, Kyrgyzstan, London, London Stock Exchange, Market, markets, mine, Miner, Mineral, Mines, mining, Neal, Neal Froneman, North America, North Carolina, Northwest, nuclear energy, Oil, Oil and Coal, Paradigm Capital, Paradigm Capital Inc., Paris, pence, Power, Price, Prices, Rio Tinto, Rio Tinto Group, Russia, Russian, Saskatchewan, Saskatoon, Shares, South Africa, Steve, Sweetwater uranium mill, Sxr, Sxr Uranium One, SXR Uranium One Inc., Sydney, telephone, Toronto, Uranium, Uranium Mill, Uranium One, Uranium One Inc., uranium producer, Vancouver, Water, Wyoming

U.S. Precious Metals announced the appointment of David W. Burney as Chief Operating Geologist. According to Peter Toscano, Chairman of U.S. Precious Metals, “Mr. Burney brings over 25 years of hands on mining in: mine evaluation, financing, development, marketing and product marketing.”
David W. Burney graduated in 1978 with a B.S. degree in Geology from the […]

February 6th, 2007 Tags: Arizona, Chairman, Company, Congress, Environment, Exchange, Exploration Company, finance, Gold, III, Market, metal, Mexico, mine, Mine Safety, Mine Safety and Health Administration, Miner, Mineral, mining, Missouri, MSHA, New Mexico, pence, Precious metal, Resources, Safe Harbor, Society of Economic Geologists, technology, University of Arizona, Zinc

Antofagasta PLC, a mining company with operations in Chile and Bolivia, said Wednesday that 2006 copper production fell but beat the company’s forecasts.
Total copper production fell to 465,500 metric tons (513,100 U.S. tons) from 467,300 metric tons (515,100 U.S. tons), the company said in a statement. The company had forecast output 441,500 metric tons (486,700 […]

January 31st, 2007 Tags: Antofagasta, Antofagasta Plc, Bolivia, Chile, China, Company, Copper, Exchange, Gas, London, London Stock Exchange, mining, pence, Price, Prices, Shares

U.K. mining stocks fell, led by Kazakhmys Plc and Anglo American Plc. ITV Plc and Kelda Group Plc paced advancing shares. The benchmark FTSE 100 Index added 0.5, or less than 0.1 percent, to 6240.40 in London at 8:13 a.m. The FTSE All-Share Index slipped 0.1 to 3225.14. Ireland’s ISEQ Index fell 9.21 to 9313.17.

Kazakhmys, Kazakhstan’s […]

January 30th, 2007 Tags: America, Anglo America, Anglo American Plc, BHP, BHP Billiton, Billiton, Bloomberg, commercial, Company, Copper, copper producer, fuel, industrial metal, Ireland, Kazakhmys Plc, Kazakhstan, London, metal, mine, mining, pence, Price, Prices, services, Shanghai, Shares, Shire, Water

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