January 13, 2012

Prospecting in Queensland just got much more expensive

The Australian reports the Queensland government is going after speculative prospecting by what the state treasurer termed two-dollar shell mining companies, slapping the industry with $375 million in additional fees.…

January 13, 2012

Patriot Coal down 12% after idling three met mines citing weak global demand

Patriot Coal was beaten down more than 12% on Friday after announcing it will cut production of coking coal due to weakening global demand.

January 13, 2012

Markets comfortable again with gold

While dollar prices for gold slipped on Friday morning, measured in euros gold rose throughout the morning session.

January 13, 2012

BHP halts underground ops at Khutala South Africa after fatality

Mining major BHP Billiton’s South African energy coal unit Becsa has suspended mining activities at the underground operation of its Khutala colliery near Witbank, after a fatal accident on Thursday.

January 13, 2012

Forget native protests and Keystone delays: oilsands crude will flow south and west anyway

Mark Hislop, editor of the Calgary Beacon, poses the question many in the oilsands are asking these days as the future of both the Keystone XL pipeline and the Northern…

January 13, 2012

Gold going to $2000 this year, mining execs tell survey

Eighty percent of gold company executives expect gold to continue rising in 2012 and peak at $2,000, according to the results of a new survey by PwC.

January 12, 2012

Protest in Mozambique blocks coal train line

AFP reports about 500 protesters blocked a coal train line in Mozambique in a dispute with Vale over housing.

January 12, 2012

Uranium North Discovers New High Grade Gold and Silver Zones at Nowyak

Uranium North Resource Corp. ("Uranium North" or the "Company") (TSX VENTURE:UNR) announces that the 2011 exploration program on the Nowyak property in Nunavut has focused the company into a zone…

January 12, 2012

Oilsands Quest to Conduct Solicitation Process

Oilsands Quest Inc. (NYSE Amex: BQI) ("Oilsands Quest," "OQI" or "the Company") has requested and obtained approval from the Alberta Court of Queen's Bench (the "Court") to conduct a process…

January 12, 2012

Crosshair Announces Initial Uranium Resource at Juniper Ridge

Crosshair Energy Corp. (TSX:CXX)(NYSE Amex:CXZ) ("Crosshair") is pleased to announce the results of the initial independent National Instrument (NI) 43-101 Mineral Resource estimate on the Juniper Ridge Project, in southern…