Mining

Styrian Mining Company Causes Problems for Austrian Banks

The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.

December 28, 2011

East Coast Minerals Reaches Milestone in Lithium Project

Exploration and mining licenses for the lithium deposit in Carinthia have been transferred to the Australian company.

September 14, 2011

Noricum Announces Significant Gold Mineralization at Austrian Projects

The London-based gold exploration and development company gives a positive update regarding the exploration program at its projects in south-central Austria.

September 5, 2011

Renaissance for Carinthian Lithium

A currently closed lithium mine in Carinthia will be reopened by an Australian company after its acquisition for a price of € 9.25m. It is the largest deposit in Europe.

May 30, 2011

OMV Starts Operations in Tunisia

El-Badr-5 is the first OMV operated production well to go into operation with a production of 1,500 boe/d. Durra production concession has been granted. Both assets were part of the Pioneer portfolio acquired earlier this year.

April 27, 2011

OMV Announces Major Gas Discovery in Australia

OMV has discovered gas on the North West Shelf of Australia in the Zola-1 exploration well. This represents one of the largest gas discoveries by the company.

April 14, 2011

Australian Mining Company Seeks to Extract Lithium

Europe's largest lithium reserves are considered to be in the Austrian Alps. There is already interest for its extraction in Australia.

February 12, 2011

voestalpine: Major project shelved in Styria

voestalpine’s project was to build an ore pellet plant at the Styrian town of Eisenerz. The project is not being talked about anymore.

November 10, 2010
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