September 23, 2011

Coal India to use $9.2 billion cash to pay higher dividends

(Updates with comment from analyst in fifth paragraph.) Sept. 23 (Bloomberg) -- Coal India Ltd., the world’s biggest producer of the fuel, plans to use its $9.2 billion of cash…

September 23, 2011

Alliance to spend $525M on coal mining

Tulsa-based Alliance Resource Partners LP will spend up to $525 million on an Illinois longwall mining operation, the company announced Thursday.

September 23, 2011

Shares of Canadian Oil Sands Trust Fall…

Canadian Oil Sands Trust (NASDAQ:COSWF) traded today at a new 52-week low of $19.16. This new low was reached on above average trading volume as 460,000 shares traded hands

September 23, 2011

Mongolian ministers assigned to renegotiate foreign mining deal

The Mongolian Cabinet Office would ask Canadian and Australian mining companies to renegotiate the Oyu Tolgoi copper-gold mining agreement, local media reported Thursday. Chimed Khurelbaatar, chief of the Cabinet Office…

September 23, 2011

Copper, coal: crystal balls for the global economy

Copper, coal and other industrial commodities can be great tools for predicting economic prospects and right now they’re offering a gloomy outlook, but a closer analysis shows a glimmer of…

September 23, 2011

Alliance to invest up to $525M in coal project

Alliance Resource Partners LP said Thursday it will invest $400 million to $525 million over three or four years in a coal-mining operation under construction in Illinois. The deal includes…

September 23, 2011

Day of carnage on oil market brings Suncor 2011 losses to $20 billion

Weak manufacturing data from China and a US economy deemed to have "significant downside risk," saw benchmark North American crude futures drop more than $5 to just above $80 a…

September 22, 2011

Come on already, let’s build Keystone XL

American activists have been tireless in efforts to block the development of the Keystone XL pipeline project. The $7 billion, 1,700-mile pipeline would help bring more than 700,000 bbl per…

September 22, 2011

Mining companies not the best way to bet on silver

Current market uncertainty has caused many investors to seek safety in precious metals, including gold and silver.

September 22, 2011

Oilsands controversy: U.S. groups use obscure trade law to push for sanctions against Canada

U.S. conservationists are using an obscure American trade law to pressure Canada over how they manage the oilsands. An environmental coalition has filed an application under what's known as the…