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Topic

Ocean Resources in hot pursuit of REE, scandium-enriched deepsea muds

By: Henry Lazenby     5th October 2016 An experienced exploration team is keen to get equipment back out on the water and into the deep sea floor about 5 km below the ocean surface in the offshore Cook Islands exclusive economic zone, to look for rare earth elements (REEs) and scandium. Headed by marine mining veteran Ron Rose, who... 

New explorer Ocean Minerals to look offshore Cook Islands for REEs

By: Henry Lazenby     29th September 2016 Recently formed US-based exploration company Ocean Minerals is heading to the exclusive economic zone of the Cook Islands, in the Southern Pacific, to look for rare earth elements (REEs) and scandium on the deep ocean floor. The Houston, Texas-based company on Wednesday joined the likes of... 

Energy-saving light designed for harsh conditions

     26th August 2016 Explosion-proof light-emitting diode (LED) lighting has enjoyed strong growth in recent years, owing to the technology’s many advantages over conventional light sources, including its ability to withstand extreme temperatures. 

Trudeau faces split Aboriginal groups in Kinder Morgan ruling 

By: Bloomberg     24th August 2016 In the rolling country of central British Columbia, Michael LeBourdais’s Whispering Pines Indian Band is looking forward to a cash injection from a new pipeline proposed by Kinder Morgan Energy Partners LP. He’ll be seeking compensation for his band if it doesn’t go through. Meanwhile, 400 km... 

Caterpillar to cut nearly 200 jobs as it seeks alternatives for certain underground products

By: Henry Lazenby     19th August 2016 In dealing with the longest down cycle in its 90-year history, US mining equipment manufacturer Caterpillar is pursuing strategic alternatives for its room-and-pillar products and discontinuing the manufacture of track drills. The Peoria, Illinois-based company said Thursday it would forthwith... 

One nook of America’s shale industry is eyeing a big comeback

By: Bloomberg     4th August 2016 Amid the gloom and doom that’s set in all along America’s shale fields these past two years, there has been one small, but consistent, bright spot. Sand, it turns out, is a much greater tool in hydraulic fracking than drillers had understood it to be. Time and again, they’ve found that the more... 

Supercomputers deliver $500m savings in BHP hunt for oil

By: Bloomberg     29th July 2016 Supercomputers that create 3-D seismic maps of BHP Billiton’s oil and gas assets are accelerating work to bring new fields into production and have already notched savings of $500-million in development costs at a project in the Caribbean. The computers are among initiatives aimed at using... 

Anglo American coal bidders said in talks for acquisition loans

By: Bloomberg     22nd July 2016 Bidders for Anglo American’s Australian metallurgical coal assets, including Coronado Coal and AMCI Capital, are in talks with banks for acquisition financing, people with knowledge of the matter said. Coronado and AMCI are competing for Anglo American’s Moranbah and Grosvenor mines with BHP... 

Diamonds are Putin’s best bet to entice wary investors to Russia

By: Bloomberg     15th June 2016 President Vladimir Putin is trying to woo foreign investors into the battered Russian economy by offering a chunk of the world’s biggest miner of diamonds. Russia needs cash to help fill a hole in its budget, the result of a collapse in revenue from plunging oil prices 

TransCanada to buy US natural gas pipeline operator Columbia for $13bn

By: Henry Lazenby     18th March 2016 Canadian oil and natural gas pipeline operator TransCanada has agreed to buy Houston, Texas-based Columbia Pipeline Group, which operates a network of 24 000 km of interstate natural gas pipelines extending from New York to the Gulf of Mexico, with a significant presence in the Appalachia... 

Inaugural pumps summit aims to expand pumps industry

     29th January 2016 The inaugural Pump Summit Americas is set to expand the pump industry network and offer a professional platform for the pump community members and experts across North and South America to stay informed about the latest technologies in the field of pumps and pumps systems. The two-day conference... 

M&R’s Clough snaps up Canadian EPC project delivery company

By: Natalie Greve     14th October 2015 Australia-based oil and gas engineering and construction company and wholly-owned Murray & Roberts (M&R) subsidiary Clough has acquired Canadian engineering services company Enercore Projects, establishing Clough’s Canadian engineering, procurement and construction (EPC) project delivery arm. The... 

Oxifree Global plans to expand mining sector footprint

By: Anine Kilian     11th September 2015 Corrosion prevention specialist Oxifree Global secured funding from UK venture capital firm Octopus Investments in August, enabling it to invest in expanding its offering within the mining sector, while also providing the business with the ability to roll out additional resources to support its... 

Electrohydraulic system enables control of multiple wells through single cable

     17th July 2015 Cables and cabling systems company Nexans, in May, launched its next generation electro-hydraulic SUTA-FLEX subsea umbilical termination assembly system, which enables the control of multiple wells through a single umbilical cable. The solution, launched at the Offshore Technology Conference... 

Market glut and low prices prompt Labrador Iron Mines to file for creditor protection

By: Henry Lazenby     2nd April 2015 Under pressure from spiralling iron-ore prices and a global supply glut, seasonal miner Labrador Iron Mines (LIM) on Thursday obtained an initial order from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act (CCAA) that would protect the firm from its creditors.... 

CMP Products opens new office in Johannesburg, South Africa to serve the African market

     6th March 2015 CMP Products, a division of British Engines Limited, a company registered in England, is expanding its international footprint. The company has established a branch in Johannesburg, South Africa to serve the African market. This branch provides additional support to the Company’s global network... 

Ucore Rare Metals secures rights to novel REE separation technology

By: Henry Lazenby     3rd March 2015 Alaska-focused rare earths project developer Ucore Rare Metals on Tuesday showed off the first high-purity dysprosium concentrate ever produced in the US, with US-sourced feedstock. The company also announced that it had secured the rights to a new minerals separation technology that had... 

Global supply glut, low prices force LIM to stare down bankruptcy filing

By: Henry Lazenby     14th February 2015 The collapse of iron-ore pricing since the start of 2014 is making life difficult for smaller producers, as the major miners pushed out more of the steelmaking ingredient to leverage economies of scale in the low-price environment. As a result of the down market, Eastern Canada-focused miner... 

Anadarko raises output target, says Q3 profit up on asset sales

By: Henry Lazenby     28th October 2014 US independent oil and gas company Anadarko Petroleum Corp on Tuesday reported a sharply higher profit for the quarter ended September 30, owing to higher output at its Wattenberg field in Colorado and asset sale proceeds. Oil and gas companies, including Anadarko, have been selling assets with... 

US coal exports continue to decline on lower EU demand, supply glut

By: Henry Lazenby     3rd October 2014 In the first half this year, US coal exports continued to decline from their record volumes in 2012, as lower European demand for steam coal and increased steam coal supplies from Australia and Indonesia, coupled with added metallurgical coal supplies from Australia, Canada and Russia, wiped out... 

LIM focused on development this year as it rides out low-price market

By: Henry Lazenby     1st August 2014 Seasonal iron-ore miner Labrador Iron Mines (LIM) this week said in the face of a 30% drop in 62% iron-content iron-ore prices from January to June, it had not started mining operations this summer season, opting instead to focus on development activities. The company, which owns a portfolio of... 

Moz to start exporting coal through Nacala by December

By: Keith Campbell     13th June 2014 The Mozambican Ministry of Transport and Communications has reaffirmed that the country will start exporting coal from the Tete basin through the port of Nacala by December. This was made clear at the 32nd meeting of the Ministry’s Coordinating Council, which was held in Tete.  

BC First Nations to profit from Imperial Metals’ Huckleberry expansion

By: Henry Lazenby     21st May 2014 New revenue-sharing agreements will enable four First Nations in the Bulkley-Nechako area of British Columbia to benefit from the expansion of TSX-listed Imperial Metals’ Huckleberry copper mine. Economic and community development agreements (ECDAs) would enable the Cheslatta Carrier First... 

Kentz says Valerus acquisition strengthens its SA shale-energy hand 

By: Terence Creamer     12th May 2014 The African region of engineering and construction group Kentz believes it is strongly positioned for any future shale-gas extraction activity in South Africa, following the recent acquisition, by the London-listed group, of integrated oil and gas solutions provider Valerus, of the US. The South... 

Caterpillar Upgrades Room and Pillar Mining Equipment Manufacturing in Pennsylvania

     8th April 2014 Caterpillar is updating and upgrading room and pillar mining equipment manufacturing facilities in Houston, Penn. The facility, located south of Pittsburgh, currently manufactures continuous miners used in underground coal and soft rock mining, and it is being readied to manufacture the Cat® room... 

Shale gas unlikely to go global quickly – BHP’s Mackenzie

By: Leandi Kolver     5th March 2014 Despite the rapid growth of the US shale gas industry, coal will remain the dominant global fuel source for years to come, the CEO of the world’s largest diversified mining company, BHP Billiton said this week. In a speech delivered at the CERAWeek conference, in Houston, Andrew Mackenzie pointed... 

LIM continues on downward spiral

By: Henry Lazenby     18th February 2014 The TSX-listed stock of Labrador Iron Mines (LIM) on Tuesday continued on its downward spiral, losing 18.92% in morning trade, after the company last week announced that it would need about C$30-million in additional capital to be able to successfully restart mining during the 2014 season. The... 

India’s OVL eyes oil sands assets in Canada

By: Ajoy K Das     24th January 2014 ONGC Videsh Limited (OVL), the overseas arm of Indian oil exploration and production major ONGC Limited, was scouting for oil sand assets in Canada, marking a beginning by setting up an office in Calgary. According to a senior ONGC official, the Indian company was looking for joint venture... 

BHP's growth assured - Mackenzie

By: Esmarie Swanepoel     10th December 2013 Mining giant BHP Billiton chief Andrew Mackenzie has punted the company’s growth projections to shareholders in Houston, saying that growth of some 16% in copper equivalent terms, was expected over the next two years. On the first day of the company’s investor briefing, Mackenzie said that BHP’s... 

Labrador Iron Mines slightly narrows q-o-q net loss

By: Henry Lazenby     16th November 2013 Canadian direct-shipping iron-ore producer Labrador Iron Mines (LIM) on Friday said it had slightly narrowed its quarter-on-quarter loss, as higher iron-ore prices were offset by lower grades from its James mine, and by higher ocean freight costs. For the company’s second quarter ended September... 

LNG restructures board, searches for US-based project director

By: Creamer Media Reporter      8th November 2013 Perth-based Liquefied Natural Gas (LNG) on Friday unveiled a new board and management structure to assist the company in the delivery of its Magnolia project in the US. Paul Bridgwood and Norman Marshall would step down from the board on November 25, but would continue in their respective... 

Clariant Oil and Mining Services Opens Global Headquarters in Houston, Texas

By: Creamer Media Reporter      27th September 2013 • New facility expands on company’s investment in North America • Campus features state-of-the-art laboratories for advanced Oil and Mining technologies • Unique new assets and capabilities to offer outstanding products and services Clariant, a world leader in Specialty Chemicals, today announced... 

Arkansas lawsuits test fracking wastewater link to quakes 

By: Reuters     27th August 2013 Tony Davis, a 54-year-old construction worker in central Arkansas, said he welcomed the boom in natural gas drilling that brought jobs and new businesses to his hometown starting about a decade ago. But that was before the earth shook. In 2010 and 2011, the quiet farming town of Greenbrier,... 

Akin to railroads of the 1880s, oil pipelines poised to spur Canadian growth  

By: Henry Lazenby     26th July 2013 Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by a lack of sufficient transport to markets, resulting in lower prices for Canadian... 

Akin to railroads of the 1880s, oil pipelines poised to spur Canadian economic growth

By: Henry Lazenby     26th July 2013 Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by the lack of sufficient transport to markets, resulting in lower prices for Canadian... 

LIM full-year results under pressure from low iron-ore prices

By: Henry Lazenby     3rd July 2013 Iron-ore producer Labrador Iron Mines (LIM) on Wednesday said that low spot prices, particularly a 33% drop during the 2012 autumn, had weighed on its revenue in the 2013 financial year, resulting in a sharp widening of its full-year loss. For the year ended March 31, LIM reported a loss of... 

Project management services firm completes PFS for Botswana diamond mine

By: Anine Kilian     7th June 2013 Engineering, procurement, construction, maintenance (EPCM) and project management services company Fluor South Africa reports that it has completed a prefeasibility study (PFS) for the Letlhakane mine in Botswana. The mine is owned by Debswana Diamond Company, a joint venture between the... 

Company Announcement: Lift-Off for WorleyParsons Global Delivery Hub Project

By: Creamer Media Reporter      15th April 2013 A major new initiative in the global and African EPCM (Engineering, Procurement and Construction Management) market was given lift-off recently with the official launch of the expanded WorleyParsons resources and energy organisation, on the back of its acquisition of TWP Holdings in South Africa 

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