The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day.
NORWAY Mining News
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.
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.
The West Antarctic Ice Sheet is warming at three times the global average. Would this open the door for mining?
Thorium to be tested in Norway's existing nuclear reactors
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.
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.
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.
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.
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.
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.
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.
Workers in Australia and Norway are getting pay raises, and they are getting paid for staying on the job, not greater productivity.