Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) has secured its potash property objective in Utah. The company was among numerous other mineral exploration groups participating in the competitive tender process. Geopulse was recently informed of its success and now await final state approval of company ownership.
China Briefing News reports state-owned Shenhua, the leader of a joint Chinese, Mongolian, Russian, and US consortium awarded the western block of Mongolia's Tavan Tolgoi coking coal field – the world's largest – faces a rocky road ahead to bring the project to fruition. According to CBN the political structuring is typical but none of the three operators have given public explanations as to how they may proceed or even work together. While losing bidders from Brazil, India and South Korea are smarting, Japan have gone so far as to call the bidding process'extremely regrettable'. And all this while Mongolia hopes to raise as much as $5 billion privatizing Tavan Tolgoi early next year.
Reuters reports US lawmakers approved legislation late on Tuesday setting a November 1 deadline for the Obama administration to decide the fate of a proposed $7 billion pipeline to transport Canadian oil sands crude to refineries on the Gulf coast and ease the glut in the Midwest hub. The price oil sands producers can charge for exports to the US is falling further behind the international benchmark because of the lack of pipelines and hedge funds have started to bet that the spread could go as high as $50/barrel leaving Alberta producers $75 million out of pocket per day.
Attempts to restrict U.S. imports of Canadian oil ignore the reality of U.S. dependence on foreign oil and could force America to buy oil from repressive governments that restrict civil, political, and economic freedoms, concludes a new study released today by the Fraser Institute, Canada’s leading public policy think-tank.
Alberta should establish an independent agency to monitor the environmental impact and pollution from oil sands development, an independent panel told the provincial government in a report released Tuesday. The Alberta Environmental Monitoring Panel was formed in January under pressure from environment groups when questions emerged over the quality and comprehensiveness of environmental reporting on the oil sands. Canada's oil sands also come under fire recently when it was revealed that the federal government deliberately excluded data indicating a 20% increase in pollution in a climate change report to the UN.
Shangwan coal is a low-rank coal from inner Mongolia. Shangwan coal particles show electronegativity in the slurry, because there are many oxygenated functional groups, such as the carboxyl group, hydroxyl group, and carbonyl group on the surface.
As a geologist by training, it’s no surprise that S&A Resource Report Editor Matt Badiali takes a data-driven approach to investing. In […]
BUCHAREST - Bucharest issued an archaeological discharge certificate for an area in northwestern Romania where a Canadian firm wants to establish a gold mine, the culture ministry said Friday. The decision was criticized by groups defending the patrimony
Environment groups trying to stop the construction of a new coal-fired power station in Victoria say it would add millions of tonnes to Australia's annual greenhouse gas pollution.
Northgate Minerals announced on Wednesday that it will acquire Primero Mining for $370 million. The new company, which will have a combined market capitalization of approximately $1.2 billion, will be a mid-tier gold producer and will tie together the San Dimas mine in Mexico; the Fosterville and Stawell gold mines in Australia; and the Young-Davidson gold development project in Ontario.