NORWAY Mining News

Norway gives go-ahead to disputed Arctic copper mine

Nussir says the area contains an estimated 72 million tonnes of copper ore - Norway's largest reserve.

Loophole lets Norway's $1 trillion fund boost its coal exposure

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 to restart sale of Icelandic aluminium plant

Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland.

Deep sea robots reveal mineral riches in the abyss

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.

Norsk Hydro not buying Rio Tinto’s aluminum plant in Iceland

The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.

Norway survey reveals seabed sulphide mineral deposits

Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits.

Qatar Petroleum says will list 49 pct of its shares in aluminium plant

The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.

France's ERAMET bids $218 mln for Australia's Mineral Deposits

ERAMET said the offer would enable the full consolidation of the TiZir joint venture.

Brazil court denies Norsk Hydro request to resume production

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.

Norsk Hydro to buy Rio Tinto aluminum assets for $345 million

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.

Helicopter operated by Russian coal company crashed in Arctic Norway

A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board.

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.