IRJ July 8 - One of the mining industry’s biggest players, Xstrata, today announced plans worth $1.87 billion to develop its Antapaccay copper deposit in Peru. This mine is just 10 kilometres from the company’s Tintaya operations, due to reach the end of its mine life in 2012. Antapaccay offers potential to boost this to an average of 160,000 tonnes ...
IRJ July 8 - Calgary, Alberta, Canada – UTS Energy Corporation (“UTS” or the “Company”) is pleased to announce that its Board of Directors has unanimously approved a Plan of Arrangement (the “Plan”) whereby Total E&P Canada Ltd. (“Total”) will acquire all of the issued and outstanding common shares of UTS and, pursuant to the Plan, shareholders of UTS will ...
IRJ July 7 - The Government of Uganda has approved the sale of Heritage’s Ugandan assets to Tullow and the subsequent farmdown to CNOOC and Total 7 July 2010 – Tullow Oil plc (“Tullow”) announces that the Government of Uganda has approved the sale by Heritage Oil & Gas Limited (“HOGL”) of its 50% interest in Blocks 1 and ...
IRJ July 7 - Ali-Akbar Salehi, the head of the Atomic Energy Organization of Iran (AEOI). Has announced that the nation will commence operations from its Bushehr nuclear power plant from August-September. "Today, the last test of the nuclear plant before its commissioning was carried out successfully," he reportedly said. "We have completed one of the most important ...
IRJ July 7 - Perth’s mining community has turned out with overwhelming support and remembrance for the Sundance Resources executives who died in an air rash above the Congo in June, 2010. A 1,500-strong crowd made up of everyone from miners to politicians attended the memorial to celebrate the lives of chairman Geoff Wedlock, chief executive Don Lewis and non ...
IRJ July 6 - The extent of British Petroleum’s Deepwater Horizon rig oil spill in the Gulf of Mexico continues to grow, as it emerges that tar balls from the leak have hit a Texas beach. Tests carried out on the location near Galveston have identified that a small amount of tar balls do indeed stem from BP’s oil disaster. ...
IRJ July 6 - Aquamarine Power received the grant from the WATERS fund (Wave and Tidal Energy: Research, Development and Demonstration Support) which is run and administered by Scottish Enterprise on behalf of a collaborative venture involving Scottish Enterprise, Scottish Government and Highlands and Islands Enterprise. The funding will support the further development of the 2.4MW Oyster demonstration project ...
IRJ July 6 - The Kanatarka central government of Deli has addressed three mining houses embroiled in the Bellary issue [of illegal mining continuing in the area] directly, emphasising how seriously the government is taking the situation. Jairam Ramesh, Environment Minister, asked S Yeddyurappa to act against SB Minerals, Trident Minerals and Veeyam Private Ltd as they continue to mine ...
IRJ July 5 - Following reports of the $2 billion total it has taken so far for BP to combat the mass oil spill in the Gulf of Mexico, the company has announced it is looking for sovereign funds and/or rivals to acquire up to 1 per cent in the company. It is reported that BP is working to ...
IRJ July 5 - Today in a meeting over in Sydney, Australia, top of the agenda was the potential for further tax breaks for iron ore miners as the government and industry alike flesh out the terms of the brand new 30 per cent coal/iron ore mining tax. The Chamber of Minerals and Energy of Western Australia has hinted that ...
IRJ July 5 - Over in the United States, Obama’s quest for turning the nation further towards clean energy rages on. The President has approved $1.85 billion of solar funding and announced that these loan guarantees will generate 5,000 jobs and enable the first 24-hour power generation solar plant in the nation. This plant, planned by Abengoa Solar, of ...
IRJ July 2 - In Venezuela the battling threat of resource-asset nationalisation rages on, as President Hugo Chavez gave the green light to the seizure of 11 oil rigs belonging to Helmerich & Payne oil Inc, of Oklahoma. This occurred following an operational standstill at the rigs, which was a result of a payment dispute according to Venezuela’s Official Gazette. ...
