USA

US to miss own emissions targets: report

Cecilia Jamasmie | May 27, 2015
US to miss own emissions targets: report

Necessary tougher measures are likely to meet fierce Republican opposition.

Study: Climate affects copper deposits

Climate has a strong impact on copper resources, according to a new research by the University of Idaho and the University of Michigan.

U.S. Global's Brian Hicks shares his summer plans for creating the ultimate resource fund

The Energy Report | May 26, 2015

Plus, he reveals the dramatic shift he made in the fund this year that allows him to get paid to wait for the market to catch fire.

China to launch $16bn gold investment fund

Cecilia Jamasmie | May 26, 2015
China to launch $16bn gold investment fund

The entity will be run by a new company to be established by gold producers and financial institutions.

Cecilia Jamasmie

China’s Zijin inks deals with two Canadian firms on the same day

Cecilia Jamasmie | May 26, 2015
China’s Zijin grabs stake in two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.

Barrick sells 50% in Papua New Guinea unit to China's Zijin

Cecilia Jamasmie | May 26, 2015
Barrick sells 50% in Papua New Guinea unit to China's Zijin

The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.

Canada’s Territories hold massive shale oil reserves similar to US Bakken field

Cecilia Jamasmie | May 25, 2015
Canada’s Territories hold massive shale oil reserves similar to US Bakken field

Energy regulator says it holds as much as 200 billion barrels of shale oil reserves, comparable to North Dakota’s thriving Bakken field.

Barrick sells Cowal mine to Evolution Mining for $550 million

Cecilia Jamasmie | May 25, 2015
Barrick sells Cowal mine to Evolution Mining for $550 Million

With the acquisition Evolution Mining will become Australia's second largest gold producer.

US Congress passes bill on space mining

Cecilia Jamasmie | May 22, 2015
US Congress passes bill on space mining

Welcome to the future.

US coal miner Murray Energy to lay off around 1,800

Cecilia Jamasmie | May 22, 2015
US coal miner Murray Energy to lay off around 1,800

The planned cuts, about 21% of Murray’s workforce, will come largely at mines in Ohio and West Virginia, a state hit hard by recent coal mine closures and layoffs.

Imitation is the sincerest form of flattery

Peter Schiff - SchiffGold | May 22, 2015
Stimulus marathon' good for gold price

To hear BitGold founders Joshua Crumb or Roy Sebag talk about their new company, one would think they came up with the idea of individuals transacting in gold or using a debit card to access their gold holdings on their own.

This is what the CAT 336F L XE hybrid excavator looks like

MINING.com Editor | May 21, 2015
This is what the CAT 336F L XE hybrid excavator looks like

It has a “smart” pump, boom works faster, and burns less fuel.

BHP to pay $25 million in 2008 Beijing Olympics bribery probe

Cecilia Jamasmie | May 20, 2015
BHP to pay $25 million in 2008 Beijing Olympics bribery probe

The U.S. Securities and Exchange Commission concluded BHP did violate a U.S. anti-corruption law by paying for officials and their families to attend the Games.

Mitsui mulls expanding into food, drugs sectors to offset profit drop

Cecilia Jamasmie | May 20, 2015
Mitsui mulls expanding into food, drugs sector to offset profit drop

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Peruvian discovery may hold ‘hidden pool’ of rare earths

Cecilia Jamasmie | May 19, 2015
Peruvian discovery may hold ‘hidden pool’ of rare earths

Capacscaya also has significant amounts of copper, zinc, cobalt, aluminum and iron ore.

Mosaic announces new $1.5bn share repurchase authorization

PR Newswire | May 15, 2015

The move would allow the potash firm to reacquire Class A or common shares, through open market purchases, accelerated share repurchase arrangements, privately negotiated transactions or otherwise.

Canada to cut 30% of emissions by 2030, including oil sands

Cecilia Jamasmie | May 15, 2015
Canada to cut 30% of emissions by 2030, does not include oil sands

While the ambitious target doesn’t include specifics for the oil sands, they are included in the plan, says the government.

Duke Energy pleads guilty to coal ash pollution charges, to pay $102 million

Cecilia Jamasmie | May 15, 2015
Duke Energy pleads guilty to coal ash pollution charges, to pay $102 million

The U.S. largest electrical utility, has pleaded guilty to nine criminal violations of the Clean Water Act for polluting four major rivers with coal ash.

Copper prices struggle on demand fears

SNL Energy | May 14, 2015
copper feat fin

Demand fears continue to restrict the extent of upside moves, whilst supply disruptions at the mine level have more recently provided a floor to prices following the early-year sell-off.

Global gold demand drops 1% in Q1, but investments jump — report

Cecilia Jamasmie | May 13, 2015
Global gold demand drops 1% in Q1, but investments jump — report

Once again Asia drove demand, with China and India alone accounting for 54% of the total.

US coal-fired plants retiring to peak this year — study

Cecilia Jamasmie | May 13, 2015
Most US coal-fired plants retiring this year — study

SNL says the closures represent about 4% of installed coal capacity in the U.S. and it will make up a third of nationwide coal plant retirements between 2010 and 2015.

Patriot Coal files for bankruptcy, in talks to sell all assets

Cecilia Jamasmie | May 12, 2015
Patriot Coal files for bankruptcy, in talks to sell all assets

The US coal miner listed assets and liabilities of more than $1 billion each in court filings.

Global CO2 levels reach historic record

Cecilia Jamasmie | May 8, 2015
Global CO2 levels reach historic record

The monthly global average concentration of CO2 in March was the highest since scientists began tracking this greenhouse gas in the global atmosphere.

Rare Earth Salts close to commercialization of separation technology

Rare Earth Salts | May 8, 2015

Work has begun on testing process flow modeling for separations processing and commercial component feasibility. The test work aims to prove process flows and the scalability of RES’ proprietary separations technology.

Bank of America has just dumped coal

Cecilia Jamasmie | May 7, 2015
Bank of America has just dumped coal

The banks is reducing its financing for coal mining projects, which now considers too risky.

ArcelorMittal cuts profit expectations for 2015 amid steel glut

Cecilia Jamasmie | May 7, 2015
ArcelorMittal cuts profit expectations for 2015 amid steel glut

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.

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