Nussir says the area contains an estimated 72 million tonnes of copper ore - Norway's largest reserve.
NORWAY Mining News
Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel according to a report.
Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland.
The scientists, from the University of Bergen in Norway, are sending robots 2,500 metres (8,000 feet) down into the waters between Norway and Greenland.
The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.
Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits.
The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.
ERAMET said the offer would enable the full consolidation of the TiZir joint venture.
Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, a court said, in the latest setback after allegations it had contaminated water in the area.
The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.
A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board.
The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day.
Australia-listed Northern Iron warns of "material uncertainty of cash flow" and inability to extend debt maturities.
The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.
Norway’s Government Pension Fund Global (GPFG), the world’s richest sovereign wealth fund, divested from over 50 coal companies in 2014, new analysis has revealed.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
New oil projects are being scrapped in Norway amid falling production and low oil prices.
Costs and challenges for mining the Arctic, meanwhile, on their way up.
Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.
Arctic region's vast riches set to attract over $100 billion in investments over the next decade.
Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.
World oil production rose about 2.5% last year, from 4,019 million tonnes in 2011 to 4,119 million tonnes in 2012.
Levy hikes have reduced the profitability of the venture.
Reserve could contain between 40 million and 150 million recoverable barrels of oil equivalent.
Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.