Gas – The Financial Post reported that in order to assess the feasibility of developing a facility to export liquid natural gas from Tanzania, Statoil Tanzania AS has awarded KBR Inc. (NYSE:KBR) a contract to perform pre-front end engineering and design studies.
Oil – Reuters reported that this week Sudan and South Sudan may make a deal that will allow both countries to resume oil exports, although there is still a chance that negotiations will fall through.
By Kishori Krishnan Exclusive To Nickel Investing News A crisis of sorts appears to be playing out in Australia, which is the third largest nickel producer, after Canada and Russia. Mining experts have woken up to the fact that Australia needs to protect against potential loss of market overseas. “Two years ago, we had nickel [...]
Moly Investing News reports China chasing Chile to be the top placing as a moly exporter. According to the data compiled recently, Chile exported 27,097 tonnes in material of molybdenum in the first half of 2009, having increased by 12.6 per cent compared with that of 24,054 tonnes in the same period of 2008. The quantities of molybdenum [...]
Aluminum Investing News reports aluminum dumping is investigated recently by Australia. Australia is investigating the alleged dumping of aluminum extrusion products by China, the world’s largest producer of aluminum, after a formal complaint was filed by a domestic producer. For complete story, click this link. Follow developments in resource mining and exploration for free. Sign [...]
Crude Investing News reports crude prices have jumped 34% this year. Oil rose for a second day on Wednesday, after an industry group reported U.S. crude stockpiles dropped for the second week in a row and the dollar declined. For complete story, click this link. Follow developments in resource mining and exploration for free. Sign [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]
Coal Investing News reports Obama’s adminstration will reverse rule on coal mining companies dumping mountaintop debris into valley streams. It may be recalled that the Bush-era rule allowed coal mine operators to use “the cheapest and most convenient disposal option” for mountaintop fill. “We must responsibly develop our coal supplies to help us achieve energy [...]
Nickel Investing News reports demand for nickel is at a 4 year low. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict gloomy prospects for nickel, given the enduring downturn in the stainless steel market, the main consumer of nickel. [...]
Moly Investing News reports molybdenum price continues to fall despite the recent optimism. Last week, sluggish demand and high stockpiles caused European ferromolybdenum prices to drop below US $21 per kg. US market prices also slid, down to US $9.20 per lb, versus the earlier level of US $9.70 China’s export prices, although, were steady [...]
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