Alberta inks $1.36bn deal with three firms to shut down coal plants
Payments will be done over the next 14 years to compensate the firm for shutting down their plants earlier than originally planned.
Cecilia Jamasmie , Editor-in-Chief
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BHP, Vale throw cash lifeline to their halted Samarco iron ore mine
Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.
South32 looking for more coking coal mines
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Finland to ban coal use for energy by 2030
Coal use has been steadily falling in the European nation since 2011 and it currently generates barely 8% of its power needs.
China to invest $1.3bn expanding Toromocho, its largest overseas copper project
Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.
Dr. Copper hints mining sector officially out of intensive care
Prices for the metal soared again Thursday to more than $5,700 a tonne.
French man finds $3.7M worth of gold in his new house
An estimated 220 pounds (100 kg) of the precious metal was located all around the home, including 5,000 gold pieces, two 26-pound bars and 37 smaller bars weighing two-pounds each.
Potash Corp cuts production, lays off 140 from Cory mine
The company also said it expects layoffs resulting from temporary production halts at its Lanigan and Allan mines in early 2017.
Dollar knocks gold price below $1,200
A resilient dollar extended its rally thanks to strong US economic data that further made a Federal Reserve interest-rate increase next month as certain as death and taxes.
Rio Tinto sells Scottish aluminum assets for $410 million
With this deal, Rio has now agreed to more than $1.3bn in divestments this year.
Panama moves to unlock copper from First Quantum mine
Commerce and Industries Minister may approve by Tuesday exports of already mined ore from Cobre Panama’s stockpiles.