NORWAY Mining News

Australian-owned iron ore mine in Norway files for bankruptcy

The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day.

Iron ore price claims another scalp

Australia-listed Northern Iron warns of "material uncertainty of cash flow" and inability to extend debt maturities.

SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’ yet

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 sovereign wealth fund drops over 50 coal companies

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.

China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Norway's oil decline accelerating

New oil projects are being scrapped in Norway amid falling production and low oil prices.

Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.

Rare earth, other mining projects pile up in northern Europe

Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.

Greenland embraces mining rush, but won’t ‘favour one country alone’ — Prime Minister

Arctic region's vast riches set to attract over $100 billion in investments over the next decade.

Alberta most attractive mining destination in Canada, third worldwide

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.

Top 10 oil and gas producing countries in 2012

World oil production rose about 2.5% last year, from 4,019 million tonnes in 2011 to 4,119 million tonnes in 2012.

Norwegian tax increase forces Statoil to delay $15.5b arctic project

Levy hikes have reduced the profitability of the venture.

Statoil eyes 'considerable' North Sea discovery

Reserve could contain between 40 million and 150 million recoverable barrels of oil equivalent.

Fraser Institute ranks Finland and Sweden top mining destinations

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.

New mercury treaty leaves artisanal gold miners in limbo

Artisanal gold mining, the largest source of global mercury pollution in small-scale operations, is the only source of income for as many as 15 million people in 70 countries, mostly poor ones.

It’s getting warm in Antarctica, but mining still a pipe dream

The West Antarctic Ice Sheet is warming at three times the global average. Would this open the door for mining?

Norway to commence testing of promising new nuclear fuel

Thorium to be tested in Norway's existing nuclear reactors

Mexico is the most energy secure country – report

Mexico is the most energy secure nation among the world's 25 biggest energy consumers, reported the U.S. Chamber of Commerce in a recent study of the largest energy-consuming countries.

Norsk Hydro sells aluminum remelt plant in Taiwan

Norwegian Norsk Hydro, one of the world's top aluminum producers, is selling its aluminum remelt plant in Taiwan to Ting Sin Metal Co. Ltd for an unrevealed amount, the company said in a statement on Monday.

Northern Iron says receives rival bid from Prominvest

The new offer from Prominvest was highly conditional and indicative with a cash price of A$1.42 per share, Northern Iron said. That was just above a sweetened A$1.40 per share offer from Aditya Birla worth A$518 million.

Northern Iron surges as Indians fatten offer

Shares in Australia's Northern Iron (ASX:NFE) surged by around 38% in Tuesday trading, on news that India's Aditya Birla Group had increased its takeover offer by 4%, bringing the bid to USD$532 Million.

Beumer to supply curved pipe conveyor to LKAB

Sweden's LKAB has commissioned Beumer to provide a curved pipe conveyor for the transport of olivine in summer and quartzite in winter, each at 800 t/h. This material is used for the production of high-quality iron ore pellets. The system will be installed at the company-owned transshipment port in Narvik, Norway. It will automate the storage of material and the filling of railway wagons, which is currently done manually. These wagons transport the material to the main plants in Kiruna and Malmberget.

Global aluminum demand to slow in 2012, says top producer

Norsk Hydro, one of the world's top aluminum producers, sees growth in global aluminum demand weakening in 2012 as a result of economic turbulence that is creating a weak market and pushing many industry players into the red. In a press release, Hydro's President and CEO Svein Richard Brandtzæg showed confidence in the market and he company, despite the fact Hydro's stocks dropped 2.9 percent after the prediction.

For sale: used 20-bedroom oil platform with heli-pad and panoramic views

Statoil, the Norwegian state-owned energy company, is selling an oil platform to the highest bidder. The Huldra platform is located off the coast of Norway, about 16 miles from the Veslefrikk field. A slightly over-the-top ad is on the company's website extolling the virtues of oil platform ownership.

Be Norwegian or Australian if you want a raise

Workers in Australia and Norway are getting pay raises, and they are getting paid for staying on the job, not greater productivity.