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Tag Results for "Natural Resources"

Mexico To Continue Relying on Fossil Fuels, Says PEMEX

Fossil fuels will remain Mexico's principal source of energy for years to come and the Aztec nation must get the most out of its hydrocarbon resources, the head of state-owned Petroleos Mexicanos said. continue reading »

Australia Discovers Shale Formation Containing Over 200 Billion Barrels of Petroleum

A shale formation containing up to 233 billion barrels of petroleum was found in central Australia by Linc Energy, media reports said Thursday. continue reading »

Mexico Sets Oil Price at $86 per Barrel in 2013

The government has purchased options to cover crude exports at a price of $86 per barrel and ensure it meets the targets set in the Revenue Law, the Mexican Finance Secretariat said. continue reading »

Petrobras Announces Deep-water Oil Find in Brazil

State-controlled oil company Petrobras on Wednesday announced a new light oil find in ultra-deep waters off Brazil's northeastern coast. continue reading »

Colombian Oil Output Up 10,000 Barrels Per Day From Last Year

Average oil output in Colombia climbed to 960,953 barrels per day in October, up 0.9 percent from the same month of 2011, the Mines and Energy Ministry said. continue reading »

New Oil Blocks to be Actioned in Ecuador’s Amazon Region

Ecuador will auction contracts for new Amazon oil blocks believed to contain as much as 1.6 billion barrels, Non-Renewable Natural Resources Minister Wilson Pastor said Friday. continue reading »

Camisea Reveals Nearly $100M Royalties Paid to Peru Last Month

The Camisea consortium, which is producing natural gas from Peru's largest fields, said it paid $95.7 million in royalties to the government last month. continue reading »

Bolivian Miners Fighting Each Other Over Control of Colquiri Mine

The Bolivian mining groups that are facing off over control of the Andean Colquiri mine came to blows and hurled stones at one another when those working for private cooperatives returned to the same-named town, officials said. continue reading »

Bolivian Miners and Colquiri Mining Company Reach Agreement

The groups of Bolivian miners vying for control of the Andean Colquiri mine reached an agreement that resolves their conflict by arriving at a division of its richest ore vein, Government Minister Carlos Romero said Sunday. continue reading »

Petrobras Looking to Overturn Ban on Transocean, Chevron in Brazil

Brazilian state-controlled oil company Petrobras has taken legal action to suspend a court order barring U.S. oil supermajor Chevron Corp. and drilling contractor Transocean from operating in the South American country because of an oil spill. continue reading »

Chile’s Lithium Reserves to Be Developed by National Firm

Sociedad Quimica y Minera de Chile, already one of the world's leading lithium producers, won a concession to exploit substantial reserves of the metal in the Andean nation's northern region, officials said Monday. continue reading »

Venezuela, China Working Together to Develop Gold Mine

Venezuela and China have signed an agreement to develop one of the South American country's largest gold mines, one of a series of bilateral accords reached in different areas. continue reading »

UN: Increasing Argentina’s Maize Exports Will Alleviate Pressure on International Markets

Argentina‚Äôs announcement that it would export an additional 2.75 million tonnes of maize this year will help ease tight international markets, the United Nations food agency said today, adding that while this is a welcome measure, countries must remain vigilante to avoid a global food crisis. continue reading »

Oil Production in Ecuador Over 500,000 Barrels Per Day

Crude production in Ecuador rose in July to 508,000 barrels per day, its highest level since February 2011, the Central Bank said. continue reading »

Chile Receives 3 Bids to Develop Lithium Reserves

Chile's government said Friday that three companies have submitted bids to develop lithium reserves in the country's northern region. continue reading »

El Salvador Utilizing Ocean Monitors to Prevent Natural Disasters

El Salvador's Environment and Natural Resources Ministry has installed two oceanographic stations in the Pacific to monitor waves and currents, allowing the country to be better prepared for potential disasters, officials said. continue reading »

Colombian Police Shut Down Illegal Gold Mine

An illegal gold mine operating in a rural area in Huila, a province in southern Colombia, has been shut down, police said. A mobile unit of the Huila police force seized a pump and pans used by gold miners. continue reading »

Venezuela Begins Oil Exploration off of Cuba

State-owned oil giant Petroleos de Venezuela, or PDVSA, has started exploring for oil in deepwater areas off Cuba, Oil and Mining Minister Rafael Ramirez said. continue reading »

Economic Uncertainty Halts Brazilian Mining Firm’s $3 Billion Project in Canada

Brazilian mining giant Vale has halted a $3 billion potash project in Canada due to global economic uncertainty, the daily O Estado de S. Paulo reported Friday. continue reading »

Argentina Eliminates Price Control on Natural Gas, Price Rises 300 Percent

Argentine President Cristina Fernandez has announced plans for a 300 percent hike in natural gas wellhead prices, an increase aimed at spurring greater investment in that sector. continue reading »