Real energy projects continue to take shape around the world
There were two pieces of news on the wire today about energy projects whose combined value exceeded $80 billion, two of the largest such projects in history. And of no surprise to anyone halfway savvy, neither of them had anything to do with “green” or renewable energy. These two stories came hard on the heels [...]
Oil sands giants Suncor and Petro-Canada agree to merge
Suncor Energy Inc. and Petro-Canada, both major players in oil sands mining and refining, said today they have agreed to merge. The combined company, with about $C63 billion in combined assets, will operate as Suncor, but will maintain the Petro-Canada name is refined products. “This merger creates a made-in-Canada energy leader with the assets, cost [...]
Denison Mines shutting down some uranium operations in U.S. West
A continued downturn in the uranium market is forcing Denison Mines Corp. to suspend operations at some of its properties in the Western United States, it said yesterday in releasing its 2008 earnings. The company reported losing $80.6 million last year. Denison has five mines operating on the Colorado Plateau: the Sunday, Pandora, West Sunday, [...]
Rio Tinto selling its Jacobs Ranch coal mine to Arch Coal
Arch Coal Inc. has agreed to purchase Rio Tinto‘s Jacobs Ranch mine in the Powder River Basin of Wyoming for $761 million, it said today. In 2008, Jacobs Ranch produced 42.1 million tons of high-quality sub-bituminous coal for sale to power generators located throughout the United States. The deal gives Arch 381 million tons of [...]
U.S. nonfuel minerals production value rose again in 2008
The value of U.S. nonfuel mine production rose to $71 billion in 2008, a 2.4% increase from that of 2007, according to preliminary estimates by the USGS. Deteriorating economic conditions, however, resulted in a downward trend for minerals consumption at year-end 2008. The U.S. Geological Survey released on Feb. 9 its annual report on events, [...]
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- Real energy projects continue to take shape around the world September 8, 2010