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Multinational Consortium Buys Shell Oil Assets
The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Friday, agreed to transfer its interest in three production licences and related equipment in the Niger Delta to a consortium led by two Nigerian companies.
Mining Company BHP Billiton Iron Ore Production Highest Recorded
Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to...
Operational Unit Cost Increase, Xstrata Coal Forced To Cut Purchase Coal Price From Coal Suppliers
Xstrata Coal Queensland complained that the unit operating costs increased from year to year, thus affecting the company’s earnings to continue the purchase of coal from several coal suppliers. To overcome the problems faced by Xstrata Coal Queensland sent a letter to suppliers of coal, Xstrata Coal Queensland that will cut the purchase price of coal by 20 percent or coal supplier companies will lose the contract coal purchases.
Exxon to Build $15 Billion Gas Project for Asia
The energy giant is teaming up with partners in a liquefied natural gas project in Papua New Guinea to supply China, Japan and Taiwan.
Exxon Mobil and its partners approved development of a $15 billion Papua New Guinea liquefied natural gas venture, the country’s biggest resource project, to supply the cleaner-burning fuel to China, Japan and Taiwan.
Exxon and Partners Approve LNG Project in Papua New Guinea
Exxon Mobil and its partners approved Tuesday the development of a $15 billion liquefied natural gas venture in Papua New Guinea to supply fuel to China, Japan and Taiwan.
The project is to be the country’s biggest natural resource development.
Construction is to begin in 2010 after the companies complete agreements with their customers and financing arrangements with lenders, said Exxon, which is the largest U.S. oil company.
Yanzhou Coal Mining Takes 1 Billion Tonnes Of Australian Coal
It is reported that Yanzhou Coal Mining Company Limited after two years purchased Australia Southland Coal Mine is making another also the biggest mine purchase in China by buying Felix Resources Limited in Australia and as sources indicate it has made great achievement.
China Investment Corp. Funds $500 million To Canadian Mining Company
China Investment Corp., the Chinese sovereign wealth fund, lends $500 million to SouthGobi Energy Resources.
Toronto-listed SouthGobi Energy Resources yesterday announced that China Investment Corporation (CIC) has agreed to provide a $500 million loan to finance the expansion of the company’s mining and exploration operations in the south of Mongolia.
Australia Approves Yanzhou Coal Mining Company To Aquire Felix Resources Limited
The Assistant Treasurer, Senator Nick Sherry, has today approved the application by Yanzhou Coal Mining Company Limited to acquire full ownership of Felix Resources Limited, conditional upon it complying with legally enforceable undertakings provided by Yanzhou.