Monthly Archives: September, 2011
Mining Accident claims three lives in Harmony Gold mining
Two rescue workers and a miner’s life while trying to have claimed the body of a miner Harmony Gold’s Evander mine in Mpumalanga to meet, the company said Tuesday. Investigations are currently working on the causes of the accident to determine its Evander mine in Mpumalanga, the report said. Meanwhile, one third of the external [...]
Miner killed and another rescued after colliery and collapsing in Yorkshire coal mine
A miner was killed and another rescued after an accident in a coal mine in Yorkshire yesterday. The man died after a roof collapsed at the Kellingley Colliery, near Knottingley West Yorkshire. The surviving miner was trapped by his leg, but was later rescued and treated. Coal, by British Coal, the largest remaining deep mine [...]
Pike River Coal receivers negotiated $63m insurance payout to creditors
PIKE River Coal receivers have negotiated a $ NZ80 million ($ 63.31m) insurance payout to creditors. Under the agreement, 29 per cent shareholder New Zealand Oil & Gas to quick payment plan for my 465, the unsecured creditors. Priority Bank of New Zealand owners and the owners of leased mining equipment will be paid a [...]
Gold and silver ETFs snapped on Tuesday, posting its first positive close of the week and leaving enough space for more bargain basement shopping.
The SPDR Gold Trust (GLD) rose 1.9% and the iShares Silver Trust (SLV) jumped 4.7%. Yet, after four straight losing days post Tuesday, GLD shares are still a price from August levels. Meanwhile, SLV inventory of actual progress from mid-February. In futures markets, gold today regained the psychologically important level of $ 1,600. Gold for [...]
In the dash for cash, gold ETF investors hanging down
Amidst the second largest gold sell-off since 1983, was the casual observer might think that investors were dumping bullion in droves. Initial data suggests otherwise. he loss of confidence that caused gold prices to fall 10 percent in four days to Monday is not nervous investors in the leading gold Exchange Traded Fund, or caused [...]
Gulf to open for oil and gas leases
The Obama holds its first auction since BP oil spill last year. More than 20 million acres in the western Gulf will be offered in December. The Obama announced Friday that its first oil and gas lease sales in the Gulf of Mexico to hold since the deadly explosion and oil spill Deepwater Horizon. “This [...]
Gulf oil spill can cause permanent damage to fish populations, study finds
Fish in the Gulf of Mexico marshes exposed to oil spill last year have cellular changes that can lead to developmental and reproductive problems undergo a group of researchers reported Monday in the journal Proceedings of the National Academy of Sciences. The study, which was funded by the National Science Foundation and the BP-funded Gulf [...]
