MINING.COM Staff Writer

Proactive Investors reports Canada-based Fission Energy Corp   said Monday that it has discovered a 4 kilometre long radioactive boulder train at […]

CNBC reports an expansion of one of the world's largest open pit copper mine received an important boost Monday after Utah regulators signed off on a permit allowing increased emissions from dust. Kennecott Utah Copper, which produces some 300,000 tonnes per year, can now begin to actively pursue almost two dozen other permits that are needed for the mine's expansion, including approvals for the conversion of a coal-fired power plant to natural gas.

Shell has signed an agreement with the Alberta and Canadian governments to ensure $865 million in funding is plugged into a project to capture and store some 1 million tonnes of CO₂ released from its upgrader near Edmonton. The facility processes heavy oil from the Athabasca oil sands and the Quest Carbon Capture and Storage (CCS) Project comes after Shell’s announcement to expand its 100,000 barrels a day Athabasca project to 255,000 barrels per day.

Zacks Investment Research on Monday, despite the excellent first-quarter 2011 results provided by Newmont Mining Corporation, downgraded its recommendation from Outperform to Neutral based on a number of challenges that the company faces at the Boddington mine. Newmont reported adjusted net income of $513 million or $1.04 per share, up from last year’s $408 million or $0.83. Total revenue was $2.5 billion, up 10% year over year.