Several small earthquakes that affected the northwest region of the United States during 2011 were probably caused by hydraulic fracturing or "fracking,” concludes the latest report by the Ohio Department of Natural Resources (ODNR), which regulates the oil and gas industry in the country.
U.S. Mining News
"I can't believe what the [U.S. Attorney] did. We are emotional and at a loss for words. I wish they had not done anything. It would have been better than this"-- victim's sister Gayle McDonald.
“Good, but not great,” “Okay, but not outstanding.” These are the impressions heard repeatedly while walking around the diamond booths at BaselWorld.
Despite persisting tightness in global money markets, mining multinational BHP Billiton (NYSE:BHP) has raised the third-biggest amount this year, selling a $5.25-billion five-part global bond to the US securities market.
NovaGold Resources Inc. (TSX:NG)(NYSE Amex:NG) provided an update on the previously announced spin-out transaction of NovaCopper, a wholly-owned subsidiary, which holds NovaGold’s interest in the Ambler project located in Alaska, U.S.
The value of mineral production in the United States increased by 12 percent in 2011 from that of 2010, suggesting that the nonfuel minerals industries, particularly metals, continued to recover from the economic recession that began in December 2007 and lasted well into 2009.
Despite U.S. hardrock mining's efforts to limit pollution, naturally occurring substances in minerals and metals still deliver a serious blow to its overall ranking in EPA's TRI data.
This week, the financial media celebrated as the Dow closed above the 12,000 mark for the first time since June 19th, 2008.
Zinc and cobalt often fall into that esoteric metals category called byproduct, meaning they are generally an afterthought for miners who are keen at getting at, say, nickel or copper deposits. Still, both metals are being increasingly targeted for their use in growing markets, such as rechargeable batteries for electric cars.