USA

SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’ yet

Cecilia Jamasmie | March 31, 2015
SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’

The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.

Canpotex finalizes pricing deal with China

Cecilia Jamasmie | March 30, 2015
Canpotex finalizes pricing deal with China

While it did not release price terms, it is believed the group will be selling its crop nutrient for US$315 per a tonne,

Coal industry’s decade-long drop in productivity hits reverse

Cecilia Jamasmie | March 30, 2015
Coal industry’s decade-long drop in productivity finally hits reverse

U.S. miners have stabilized or even increased productivity at both surface and underground coal operations in the past two years, a study released Monday shows.

Unionized coal mines safer, more productive than non-union operations

SNL Energy | March 30, 2015

SNL Energy's analysis looked at 1,086 mines in 2013 and 2014, including 54 union mines and 1,032 nonunion mines.

PetroChina wants to smoothly sail away from the oil sand business

Cecilia Jamasmie | March 27, 2015
PetroChina wants to smoothly sail away from the oil sand business

The oil giant is “actively engaged” in talks to swap North American assets, mostly Canadian, with international oil companies.

US coal producers shaved production costs further in challenging 2014

SNL Energy | March 26, 2015

Production costs for a handful of U.S. coal producers declined in 2014, but some Illinois Basin producers actually reported higher costs, according to a cost-of-coal-sales-per-ton analysis by SNL Energy.

Energy regulator staff probed over handling of TransCanada safety violations

Cecilia Jamasmie | March 25, 2015
Energy regulator staff probed over handling of TransCanada safety violations

The Association of Professional Engineers and Geoscientists of Alberta (APEGA) probe centres on the alleged mishandling of claims of natural gas pipeline violations at TransCanada by engineers working for the energy regulator (NEB).

Gwen Preston - Resource Maven

Exciting days at the bottom

codelco 200 million revamp mines feat

The broad bottom is in – and well settled in, seemingly, with at least another summer of sideways markets ahead. But time isn't a bad thing.

Cecilia Jamasmie

Belaruskali deal with China dents other players’ chances

Cecilia Jamasmie | March 24, 2015
Belaruskali deal with China dents other players’ chances

The move may be the first of many more competitive deals by producers in the potash market, which has historically operated with large joint ventures controlling prices.

Freeport axes dividend by 84% amid weak commodity prices

Cecilia Jamasmie | March 24, 2015
Freeport axes dividend by 84% amid weak commodity prices

The copper and gold miner will pay a dividend of 5 cents.

Gold climbs on weaker dollar, rate outlook

MINING.com Editor | March 23, 2015
Gold climbs on weaker dollar, rate outlook

Gold prices were up for the fourth straight session on Monday, hitting a fresh two-week high.

Scientists claim gold in human excrement is worth millions

Cecilia Jamasmie | March 23, 2015
Scientists claim gold in human excrement is worth millions

They have given the expression "where there's muck there's brass" a whole new meaning.

Cliffs sells Ontario’s Ring of Fire claims to Noront for $20 million

Cecilia Jamasmie | March 23, 2015
Cliffs sells Ontario’s Ring of Fire claims to Noront for $20M

The U.S. miner said the sale is part of a strategy to divest non-core assets and focus on supplying iron ore pellets to the North American steel industry.

Gold price history in major world currencies vs stock performances

Gold-Eagle.com | March 23, 2015

The following charts clearly demonstrate gold’s fantastic price appreciation during the past 14 years.

Honeywell lockout at Illinois uranium plant coming to an end

Cecilia Jamasmie | March 23, 2015
Honeywell lockout at Illinois uranium plant coming to an end

The seven-month work stoppage as crippled the U.S. only facility that converts uranium oxide into hexafluoride, used as fuel in nuclear power plants.

Obama unveils long-awaited fracking rules

Cecilia Jamasmie | March 20, 2015
Obama to announce long-awaited fracking rules

The updated regulations, in the works since 2012, set standards for wells and disposal of wastewater. They also require disclosure of chemicals used.

Gold prices: The big picture

Gold-Eagle.com | March 20, 2015

Gold has phases and as each one comes up, we watch it closely to see if this time repeats a similar pattern.

Caterpillar Feb. sales down 11%

Cecilia Jamasmie | March 19, 2015
Caterpillar Feb. sales down 11%

The company experienced a annual drop in the resource industries segment sales in every geographic region except Asia/Pacific.

Gwen Preston - Resource Maven

Hats off to Yellen

Hitting a sensible balance between expectations and realities, the Federal Reserve said No to any near-term rate raises.

Taseko’s defamation trial resumes end of March

Williams Lake Tribune | March 18, 2015

The B.C. Supreme Court case examining the defamation suit launched by Taseko Mines Ltd. against the Wilderness Committee will resume March 31.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

Oilprice.com

Texas: From shale boom to water revolution

Oilprice.com | March 18, 2015

Texas is famous the world over for two things on a massive scale: oil and droughts. Now the slick but dry state is becoming famous for water: that precious element that both resolves the drought problem and also makes it possible to pump more oil out of the ground.

Foresight deal would land Murray Energy at top of US coal's two hottest basins

SNL Financial | March 18, 2015
Coal mine background

Murray Energy plans to expand its footprint in the U.S. coal sector's other geographical hot spot with a major $1.40 billion investment in Illinois Basin-producer Foresight Energy LP.

Gold forecast: Bearish sentiment clouding bullish fundamentals

Gold-Eagle.com | March 18, 2015

Our gold price forecasts have anticipated this breakdown in price for many months now.

Gold down to 4-month low ahead of Fed Reserve meeting

Cecilia Jamasmie | March 17, 2015
Gold down to 4-month low ahead of Fed Reserve meeting

The precious metal has lost over 8% so far this year.

Wood Mackenzie: Nearly 17% of US coal production uneconomic at current market pricing

Wood Mackenzie | March 17, 2015
coal train mining

Close to 17% of forecast 2015 US coal production is at risk of idling or closure, totalling 162 million short tons (Mst), as these mine's total cash costs plus sustaining capital expenditures exceed current market pricing, according to Wood Mackenzie's latest coal market outlook.

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