October 5, 2011

Forget pricing, politics and pipelines – there’s a much bigger threat to the oil sands

Even if both Keystone XL and Enbridge's Northern Gateway pipelines are built, bitumen is expensive to extract and cannot compete with the many new shale oil plays – particularly in…

October 5, 2011

Anglo American buys rest of Peace River Coal for $166m

Global diversified miner Anglo American announced Wednesday it has cquired the remaining 25%, along with rights to royalties it didn't already own, in BC-based Peace River Coal Partnership (PRC), for…

October 5, 2011

Greens sue over Keystone ‘construction’, TransCanada says it only ‘mowed some grass’

The Keystone XL pipeline project of TransCanada Corp. should be halted because the US did not complete an environmental impact review before work started, green advocacy groups said in a…

October 5, 2011

Total AUM on commodities rise in August

Total assets under management (AUM) in commodities in August rose to $390 billion from $385 billion in July, Societe Generale said in a report on Wednesday. The rise in AUM…

October 5, 2011

Richards Bay Coal Terminal CEO quits

Richards Bay Coal Terminal (RBCT) CEO Raymond Chirwa has resigned. RBCT chairperson Imogen Mkhize said in a statement that RBCT’s GM Alan Waller would act as RBCT CEO until further…

October 5, 2011

Europe gold reserves jump €56.8 billion

Gold and gold receivables held by euro zone central banks rose by €56.8 billion to €420 billion after a quarterly revaluation, the European Central Bank said on Wednesday. Net foreign…

October 5, 2011

Calls for more women in the mining industry

MORE women are being encouraged to consider a career in the traditionally male-dominated mining industry as the sector recognises the benefits of diversity in the workforce. Employment Office Managing Director,…

October 5, 2011

Coal at the crossroads: Mercury rises on coal costs

Half of the airborne mercury pollution in the US comes from coal-fired power plants. After years of study and debate, the Environmental Protection Agency is planning to announce new limits…

October 5, 2011

Aston sells 10 pct stake in Maules Creek

Aston Resources Ltd has agreed to sell 10% of its Maules Creek coal project in New South Wales to a subsidiary of Japan’s Electric Power Development Co Ltd for A$370…

October 5, 2011

Commodities may rally 20 pct on emerging-markets growth, Goldman Sachs says

Commodity prices may advance 20 percent over the next year as growth in emerging markets offsets the impact of the sovereign-debt crisis in Europe and a slowdown in developed economies,…