Mining – Oil & Gas 360

US agency takes steps to protect Nevada mountains from energy development

December 30, 2024

(Investing) – The Biden administration on Monday took steps to protect the Ruby Mountains in northeast Nevada from oil, gas and geothermal development for 20 years. The Interior Department said it had approved an application by the U.S. Forest Service to withdraw 264,442 acres of federal lands in the Ruby Mountains from mineral and geothermal leasing. The application’s approval removes the

Canadian dealmaking seen rebounding in 2024, led by energy, mining

January 4, 2024

Nasdaq TORONTO- Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to the lowest since the outbreak of COVID-19, bankers said. Money markets are betting that the Bank of Canada (BoC), which raised interest rates to a 22-year

China demand doubts darken mood as miners baulk at energy costs

August 19, 2022

US News LONDON – The prospect of a global recession and doubts over economic stimulus in China, the world’s biggest user of raw materials, add to the challenges of mining companies as they grapple with energy costs, raising the risk of downsizing and layoffs. None of the major diversified miners is under financial strain after years of strong commodity prices.

Biden looks abroad for electric vehicle metals, in blow to U.S. miners

May 25, 2021

Fox Business U.S. President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters. The plans will be a blow to U.S. miners who had hoped

CEO of commodities giant BHP: Global economic outlook ‘stronger than we were expecting’

March 4, 2021

CNBC Mike Henry stepped into his role as CEO of Australia-based BHP, the world’s largest publicly listed mining company, just a few weeks before the coronavirus pandemic triggered lockdowns across the globe. Henry is a proponent for health and safety, strong value and a low environmental footprint. His goals for BHP met the headwind of Covid-19 as it cast an uncertain

World Powers Increasingly See Icy Arctic as a Hot Property

August 22, 2019

From AP News From a helicopter, Greenland’s brilliant white ice and dark mountains make the desolation seem to go on forever. And the few people who live here — its whole population wouldn’t fill a football stadium — are poor, with a high rate of substance abuse and suicide. One scientist called it the “end of the planet.” When U.S.

Angkor Subsidiary Receives Approval for Cambodian Oil and Gas Concession

August 13, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 EnerCam Resources receives approval from the Royal Government of Cambodia to develop Petroleum Block VIII EnerCam Resources Co. Ltd., a subsidiary of Canadian mineral company Angkor Gold Corp. (stock ticker: ANK:CA, ANKOF), has received approval from the Royal Government of Cambodia on its application for a 7,300 square kilometer oil and

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