Global Oil & Gas: Build Pipelines Or Watch Investment Flow South – OPEC To Canada
The president of OPEC urged Canada on Tuesday to invest in infrastructure to move oil and gas, or risk watching investment flow away to the United States.
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Global Oil & Gas: A Worldwide Gas Glut Claims $27 Billion Victim in Canada
(Bloomberg) – A $27 billion energy project in Canada just became the latest casualtyof a worldwide glut of natural gas.
Read MoreGlobal Mining: The top producing diamond mines in 2016
While diamond industry experts warn that demand is expected to outstrip supply as early as 2019, the largest mines keep producing the coveted rocks at full steam. Here are last year’s top 10 diamond mines in terms of output and value, based on data compiled by expert Paul Zimnisky. 1. Jwaneng, Botswana Produced 11,975,000 carats, worth $2,347 million Jwaneng, the richest diamond mine in the world, is located in south-central Botswana in the Naledi river valley…
Read MoreGlobal Mining: Moody’s to keep Vale´s rating, outlook
Moody’s credit rating agency said on Wednesday, 12th, the Baa2 rating and negative outlook of Vale SA are not affected by the lowering of the note of Brazil. On Tuesday, 11th, the agency downgraded the country’s rating to Baa3 and changed the outlook to negative from stable.
Read MoreAfrica Mining Industry: B2Gold posts record 1Q gold production in Namibia
Canada group B2Gold has posted record gold production of 115 859 oz in the first quarter, exceeding its target for the first three months ended March 31 by 754 oz and delivering 20% more gold than in the first quarter of 2014.The company, quoted by Miningweekly, has said on Friday that the increased production was primarily attributable to the successful start of production at the new Otjikoto mine, in Namibia, in February after a strong start-up…
Read MoreGlobal Mining: South Africa among top 10 world Iron ore producing countries
Iron ore production has shifted dramatically in the past year following mine closures due to global oversupply in 2013. Specifically, lower-than-expected Chinese demand for iron ore coupled with dramatic increases in output forced mines in Australia, Canada and China to close or halt production. Those closures could bring the market for iron ore back into a state of equilibrium, but it may take some time. Equilibrium could also be spurred by improvements in the global economy, which would…
Read MoreGlobal Mining: Vale’s Sudbury assets finally come of age
Even with iron ore prices in the gutter, the national currency at a low ebb, a chief executive touted as the country’s next finance minister and the posting of a hefty September quarter loss, Brazil’s Vale still seems to have something to cheer about, the Mining Journal reports.
Read MoreMining & Environment: Bees used to compensate nickel exploration in Canada
The Vale nickel´s unit in Sudbury, Canada, has used thousands of bees to compensate for the degradation left by more than a century of exploration of nickel and copper in the region. The retired Wayne Tonelli provides services to mining as a beekeeper, after working in nickel mines in the region since adolescence. Wayne keeps seven hives, totaling about 350 000 bees, which are used to pollinate wild flowers plants by Vale over 120 hectares.
Read MoreOil & Gas Markets: Angola is largest African oil supplier to the United States in the first half
Angola exported 131,000 barrels of oil per day to the United States in the first half of 2014, making it the largest sub-Saharan African supplier of oil products to the country ahead of Nigeria, according to official figures.
Read MoreGlobal Mining: Vale hires WorleyParsons for potash project Engineering in Canada
Vale chose WorleyParsons for the engineering of the next phase of Kronau potash project in the province of Saskatchewan, Canada. Kronau is the first of Vale potash project in Canada and is expected to produce 3 million to 4 million tons annually for 40 years.
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