February 9, 2012

Nova Mining Corp launches new website about its diamond mine

Nova Mining Corp. (OTCQB:NVMN) announced it has launched a new website following progress at its diamond mine.

February 8, 2012

Namibia uranium deal on the boil for Rio

Rio Tinto is eager to secure a joint venture with the likely new owners of the huge Husab uranium deposit in Namibia.

February 8, 2012

Crude Canada: Most expensive to extract; sold cheapest

As Canadian oil falls to $50 less than the international benchmark, crude calculations show oil sands producers are losing out on $100 million dollars a day because they cannot sell…

February 8, 2012

Great Basin Gold misses production targets: Wednesday Market Roundup

Wednesday market sentiment was jittered by the never-ending Greek debt negotiations story. Main indices recovered some of the ground lost earlier in the morning but some of them were still…

February 8, 2012

Loose lips sink ship for the Xstrata boss

The Deutsche Bank and JPMorgan bankers must have been sweating in the London hotel room on Tuesday night where their client, the Xstrata boss Mick Davis, vented his frustration that…

February 8, 2012

Imminent construction of Baltic nuclear power plant

Engineers are preparing to pour the concrete foundation of the Baltic Nuclear power plant in Kaliningrad. Once underway, it will be the ninth power reactor under construction in Europe.

February 8, 2012

Drug Abuse Runs Wild in W.Va. Coal Mines

The wild and not-so-wonderful drug problem plaguing West Virginia's coal mining sector is getting a lot of attention this week.

February 8, 2012

BHP H1 earnings up 8% on record iron ore, gas production

BHP Billiton raked in US$18.7 billion in the half-year ended December 31, 2011 — an 8.3% increase in Underlying EBITDA from the second half of 2010.

February 7, 2012

Chinese companies hurling headlong into Sunshine Oilsands IPO

Reuters reports that sovereign wealth fund China Investment Corp (CIC) and state oil company Sinopec are among three cornerstone investors that will pledge $350 million towards Sunshine Oilsands Ltd's Hong…

February 7, 2012

Shareholders downgrade Xstrata on merger: Tuesday Market Roundup

Tuesday morning precious metals benefited from the announcement that the Greek government is accepting the terms of a second bailout. The euro also gained support and the EUR/USD index gained…