TOKYO (Reuters) – Vast deposits of rare earth minerals, crucial in making high-tech electronics products, have been found on the floor of the Pacific Ocean and can be readily extracted, Japanese scientists said on Monday. “The deposits have a heavy concentration of rare earths. Just one square kilometer (0.4 square…
China’s monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests. China accounts for 97 percent of the world’s production of 17 rare-earth elements, which are essential for electric cars, flat-screen TVs,…
Archeologists believe they may have uncovered the remains of the lost city of Atlantis, which was allegedly destroyed by a tsunami thousands of years ago in southern Spain.…
A procedure to permanently plug a ruptured oil well in the Gulf of Mexico has achieved the “desired outcome,” BP said Wednesday. “The well pressure is now being controlled by the hydrostatic pressure of the drilling mud, the desired outcome of the static kill procedure,” the company said in a…
BP says it will start shoving mud and maybe cement into the blown-out oil well in the Gulf of Mexico on Tuesday in what could be one of the final steps to plug it for good. BP PLC Senior Vice President Kent Wells said Monday that crews will likely start…
Three months into the disaster in the Gulf of Mexico, the federal government’s spill chief says a relief tunnel should finally reach BP’s broken well by the weekend, meaning the gusher could be snuffed for good within two weeks. After several days of concern about the well’s stability and the…
BP floated a new option Monday to plug the Gulf of Mexico oil leak and end the economic and environmental disaster sooner than expected. The “static kill” operation would involve pumping heavy drilling fluids known as mud through the blowout preventer valve system that sits on top of the well…
BP CEO Tony Hayward told ABC’s George Stephanopoulos that it could be another 2 days before he knows if the “top kill” process worked. BP, which owns the well and is the largest oil and gas producer in the United States, began injecting mud into the well on Wednesday afternoon…
Powered by Mochila BP still deciding whether to pump mud to stop oil BP CEO expects to decide soon whether to start ‘top kill’ bid to plug Gulf oil leak with mud GREG BLUESTEIN and MIKE BAKER AP News May 26, 2010 07:51 EDT BP was still running tests and…