Iron – A North Dakota company plans to build a $60 million iron-producing plant near Jamestown using iron ore concentrate from Minnesota, Duluth News Tribune reported.
Articles Tagged "North Dakota"
Oil – Bloomberg reported that Denbury Resources Inc. (NYSE:DNR) has agreed to purchase acreage in Montana and North Dakota from ConocoPhillips for $1.05B as part of its expansion plans in the Rocky Mountain.
Diamond – The Street reported that an international mining company searched for diamonds in a bean field near St. Thomas in North Dakota and came up empty but state geologists say it will pave the way for more diamond explorations.
Oil – Bloomberg reported that oil production from the part of the Bakken shale formation located in North Dakota was 609,580 barrels per day in July, nearly double the 360,820 barrels produced in July 2011.
Potash – The Street reported that potash mining in North Dakota will not likely resume until at least 2015.
Potash – CNBC News reported that Sirius Minerals (LSE:SXX) said it will shift its potash exploration focus from North Dakota to England.
Oil – The Bakken Shale is fueling an upturn in fortunes for the US oil industry and could be the prime driver of oil production growth in the US over the next decade.
Oil – A land purchase in South Dakota by a small, Texas-based independent Bedrock Oil & Gas Co. has led to speculation that the state could possibly hold a Bakken-sized oil formation hosting 3 to 24 billion barrels of oil.
Potash – The Mosaic Company (NYSE:MOS) announced it will donate $25,000 for flood relief efforts in North Dakota.
Potash – CNBC News reported that the tax and regulatory framework for potash mining in North Dakota is now set up with a 2% tax.