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Rio Tinto Alcan Prize for Sustainability Open for Entries 2008-06-14 08:08:03 Rio Tinto Alcan
and the International Business Leaders Forum have announced that the $1 million Rio Tinto Alcan Prize for Sustainability
(formerly known as the Alcan Prize for Sustainability) is now open for entries.
The prize is open to all not-for-profit, nongovernmental, and civil society organizations based anywhere in the world that are working to advance [...]
Ruling on Sterlite Asarco bid before July 2 2008-06-14 07:12:15 Texas (Reuters) -A federal bankruptcy judge said on Friday he would issue a ruling before July 2 that could clear the way for Sterlite Industries Ltd (STRL.BO: Quote, Profile, Research, Stock Buzz) (SLT.N: Quote, Profile, Research, Stock Buzz) to pursue a $2.6 billion bid for the working assets of bankrupt copper miner Asarco LLC.
Judge Richard [...]
Leading steel industry groups form American Scrap Coalition 2008-06-14 06:44:57 Organizations representing 1,500 US steel scrap consuming companies have come together to form the AmericanScrap
Coalition, an industry
advocacy group which will campaign for more equitable trade policies for US ferrous scrap.
“Steel scrap trade does not occur on a level playing field,” said Alan Price, president of the American Scrap Coalition. Price is a [...] Read more:Leading
Brazil energy min says oil rounds unlikely in ‘08 2008-06-14 03:18:38 Brazil is unlikely to auction any exploration and production rights for oil and gas in 2008 but will clear the private sector to explore and export uranium, Mines and Energy Minister Edison Lobao said Friday.
“The tenth oil round will not (be held). And the eighth, we are still deciding on,” Lobao told Reuters in an [...] Read more:Brazil
Tips to offset the effect of fuel price hike 2008-06-13 22:57:20 These days fuel price
s are rising like never before. True, the current price hike has further aggravated the woes of Indian consumers already reeling under abnormally high inflation.
The fact, however, is that the hike was inevitable, particularly in view of the poor financial health of the three oil firms which were projected to lose [...] Read more:effect
Federal Consistency Appeal by AES Sparrows Point LNG, LLC and Mid-Atlantic Express 2008-06-13 22:40:55 Federal ConsistencyAppeal
by AES Sparrows Point LNG, LLC and Mid-Atlantic Express
, LLC From an Objection by the Maryland Department of the Environment
SUMMARY: Notice is hereby provided that the deadline for issuing a decision has been extended 15 days, in the federal consistency appeal filed with the Department of Commerce by AES Sparrows Point [...] Read more:Federal
Exxon getting out of retail gas business 2008-06-13 06:27:09 Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices.
The world’s largest publicly traded oil company said Thursday it will sell its 820-company owned stations and another 1,400 outlets operated by dealers to gasoline distributors across the US.
The Irving, Texas-based company didn’t [...] Read more:Exxon
LME nickel price jumps by 6% 2008-06-14 12:09:16 Reuters reported that nickel price
s on London Metal Exchange surged by 6% after BHP Billiton said it would close a 100,000 tonne per year nickel operation for four months for repairs.
LME nickel hit USD 24,585 a tonne in electronic trading, it’s highest since May 22nd 2008 and nickel for delivery in three months was quoted [...] Read more:jumps
Govt cushions oil blow, hikes duty on iron ore exports 2008-06-14 12:01:23 In a move that will deal a blow to merchant miners and have a benign impact on inflation, which touched 8.75 per cent today, in the long term, the government today imposed a 15-per cent ad valorem duty on iron ore exports
. The hike will help it rake in Rs 8,000 crore to Rs 10,000 [...]
Great Lakes traffic: ore up, limestone down 2008-06-14 11:56:26 Iron ore shipments on the GreatLakes
increased 15 percent to 7.3 million net tons in May, compared to a year ago, according to the Lake Carriers’ Association.
The association said strong demand and a rising Lake Superior produced the surge.
Meanwhile shipments of limestone totaled 4.2 million net tons in [...] Read more:Great Lakes
, traffic
Gold Price Higher in Hong Kong 2008-06-14 09:39:19 The gold price in Hong Kong
went up 43 HK dollars to 8,138 HK dollars per tael on Friday, according to the Bank of China (Hong Kong). The price is equivalent to 875.23 U.S. dollars a troy ounce, up 3.9 U.S. dollars at Friday’s exchange rate of one U.S. dollar against 7.805 HK dollars. Read more:Higher
Oil surges to new record high near $140 a barrel 2008-06-16 10:01:29 Oil surged to a new record high on Monday of nearly $140 a barrel, propelled by weakness in the U.S. dollar which offset the bearish impact of plans by Saudi Arabia to boost output.
U.S. light, sweet crude for July delivery was up $3.74 at $138.60 a barrel by 1317 GMT, after falling as much as [...]
More lay-offs likely due to gas crisis 2008-06-16 09:09:15 Thousands more workers could soon face the sack as Western Australia’s gas crisis worsens.
Unions WA secretary Dave Robinson says several hundred workers have already been laid off at laundries, abattoirs, freight companies and in timber-related industries.
And he’s predicting the number forced out of work could soon hit the thousands as related industries and jobs are [...] Read more:likely
Neste Oil And Bapco Agree On Building A Joint Base Oil Plant In Bahrain 2008-06-16 09:01:21 Finland’s Neste Oil Corporation, Bahrain’s Oil & Gas Holding Company (OGHC) and the Bahrain Petroleum Company (Bapco) have decided to establish a joint venture known as the Bahrain Base Oil Company to build a high-quality lubricant base oils plant in Bahrain. The plant will have an annual capacity of 400,000 tons of VHVI (Very High [...] Read more:Building
, Joint
, Plant
Oil edges lower as Saudi readies new output boost 2008-06-16 01:07:06 Oil prices eased further below $135 a barrel on Monday as Saudi
Arabia prepared to push production to its highest rate in decades to help keep pace with demand and tame what it sees as unacceptably high prices.
U.S. light, sweet crude for July delivery , which had dropped nearly $2 on Friday on a report [...] Read more:edges
, readies
S. Arabia agrees to raise oil output by 0.2 million barrels 2008-06-16 00:36:59 JEDDAH: In the wake of increasing demand of oil all over the world, Saudi Arabia
has agreed to raise
oil output by 0.2 million
barrels from July.
UN Secretary-General Ban Ki-moon while talking to journalists told in London Sunday after a 24-hour visit to Saudi Arabia during which he was assured the OPEC powerhouse would increase [...]
Oil, gas exploration under state control 2008-06-17 08:54:48 Va. - Sen. John McCain said yesterday that the federal moratorium on offshore oil and gas drilling should be lifted and that individual states ought to be given the right to pursue energy exploration in waters near their coasts.
With gasoline prices rising and the United States chronically dependent on foreign oil, the Republican presidential contender [...]
Striker Oil & Gas Reiterates Its Reserves of More Than $20,000,000 as of December 2007 2008-06-17 08:52:51 Striker Oil & Gas, Inc. (OTCBB:SOIS) announced today that its reserves were more than $20 million on December
31, 2007 and its future revenues are in excess of $45 million. This amounts to approximately $1.00 per share in reserves and $2.00 per share in future revenues based upon approximately 20 million shares outstanding. The [...]
ABM Resources Announces 5000m RC Drilling Program Commences at Mimosa Gold Project 2008-06-17 08:49:45 ABM Resources
announced that a 5,000m RC drilling program has commenced at Mimosa
. The Mimosa gold project area possesses an extensive gold mining history and has not previously been explored using modern exploration techniques. The Company reported that the drilling program is to test areas where rock chip sampling has returned high-grade samples of up [...] Read more:Program
, Project
Monax Mining’s Waddikee Drilling Confirms Manganese Mineralisation 2008-06-17 08:48:55 Monax Mining
announced that it has received manganese intersections from its first stage drilling campaign at the Jamieson Tank and Pollinga manganese prospects within its Waddikee project on South Australia’s Eyre Peninsula. Eight traverses were drilled at the Jamieson Tank prospect and it confirmed that all eight traverses intersected manganese mineralisation at depth underlying the [...]
Retail gasoline prices have eased slightly 2008-06-17 07:34:59 Retail gasoline prices have eased slightly from their record high, according to a daily survey released Tuesday by auto club AAA. The national average price for a gallon of regular gas fell two-tenths of a cent to $4.078, according to AAA. That’s down from the all-time high of $4.080 set the previous day. [...] Read more:Retail
Oil and gas price spurs exploration 2008-06-18 13:05:30 The oil and natural gas price
boom is spurring Canada’s energy companies to look at stepping up exploration.
This week alone, Nexen Inc., Crescent Point Energy Trust and junior Breaker Energy Ltd. all said they will spend more in 2008 than previously expected, with high energy prices providing more cash to spend on development. EnCana Corp., [...]
U.S. Says 400-Billion Barrel Bakken Oil Field a ‘Myth’ 2008-06-18 13:04:18 Reports circulating on the Internet tell of an oil field spanning parts of western North Dakota and eastern Montana where 400 billion barrels of oil supposedly are just waiting to be tapped. However, the U.S. Geological Survey (USGS) tells Cybercast News Service that those huge estimates are “a myth.”
A USGS report issued in April estimates [...] Read more:Barrel
, Field
Oil steady as market waits on US data 2008-06-18 07:58:09 Saudi Arabia has called the meeting between oil producing and consumer nations on 22 June to address soaring prices, and expectations the kingdom will boost output has pulled prices back from record highs near $140.
US crude futures for July fell 20 cents to $133.81 a barrel by 0900 GMT, after falling nearly $3 in the [...]
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