World coal consumption to drop up to 4% further by year-end
Use of coal for power generation peaked about two years ago, a new report suggests.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Mining in Europe began more than 4,000 years ago, study reveals
Mining in the Alps dates back much further than previously thought — in the Austrian region of Montafon since the Bronze Age.
Paragon Diamonds halts trading on capital, financial position woes
The Africa-focused miner needs funding to complete the acquisition of the Mothae project and to repay short-term debts, including £500,000 due this week.
This is Hillary Clinton’s $30bn plan to save coal miners
While the US Democratic presidential candidate doesn’t believe in coal mining, she plans to invest in job training and education, infrastructure and healthcare, and projects to turn abandoned mines into new real estate.
These two record-breaking diamonds were bought for $77 million, by the same person
Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.
BHP Billiton hits decade low on Brazil tragedy update
The miner has also been extremely hard-hit in recent months by a double whammy of falling prices and China fears.
India’s appetite for gold takes global demand to two-year high
While Indian consumer demand jumped 13% to 268 tons, the World Gold Council warns the outlook for the fourth quarter is “muted.”
Anglo reshuffles top management team, waves iron ore boss good-bye
With the changes, Anglo’s chief Mark Cutifani is trying to turn around the company’s fortunes following years during which it has underperformed its peers.
US Congress grants citizens rights to own asteroid-mined riches
Until now, there was no legislature clarifying issues such as whether resources mined from celestial bodies could be sold on Earth.
Canadian Oil Sands accuses Suncor of paying brokers to win takeover bid
Suncor, Canada's dominant oil sands player, telling COS shareholders the firm has a record of “underperformance, financial challenges,” and vulnerability to low oil prices.
Allied Gold starts Sadiola expansion, boosts output outlook
Startup of new processing capacity sets the stage for higher grades, stronger cash flow and multi-year growth at Sadiola.
