Bitech gets Russian settlement

Article Abstract:

Bitech Petroleum Corp. (Montreal) has beaten back an attempt to seize Russian oil field licenses that the company has held since 1994, with annual production of about US$75-million and oil reserves worth $4-billion. According to Bitech, Tomov & Co. acquired the oil field licenses at a privatization auction in the early 1990s, and then sold them to Bitech in 1994. The licenses are for development and production at six oil fields in the Komi republic, an Arctic Circle region of northwestern Russia. In its filing in April to the Komi court, Tomov & Co. claimed that when it sold out to Bitech, the signatory on the license documents was not authorized to sign, and that the license transfer should be reversed.

Bitech Petroleum Corp.

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Silicosis "spike" has Hemlo miners fearful

Article Abstract:

Canada's Ministry of Labour is alerting mine workers to the dangers of contracting occupationally induced silicosis. This follows an unexpected rise in the number of workers who have come down with the disease in the Northern Ontario gold fields of Hemlo.

Ontario, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Labor Training & Services, Health aspects, Prevention, Social policy, Manpower policy, Silicosis

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Russian mines official targets Barrick Gold

Article Abstract:

Toronto, Ont.-base dBarrick Gold Corp. will not be allowed to bid for a Siberian gold mining license. Russia's Natural resources Minister Boris Yatskevich is favoring Russian mining companies for the coveted license.

Russia, Political activity, Political aspects, Barrick Gold Corp.

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