September 16, 2011

Huadian Power to buy 85 pct stake in Haoyuan Coal

Huadian Power International Co Ltd, the largest power producer in Shandong Province of China, on Sep. 14 said it will acquire a 85% stake in Inner Mongolia Haoyuan Coal Co…

September 16, 2011

Four men in flooded Welsh mine, rescue efforts continue

British rescue workers pumped water today from a flooded coal mine in south Wales in an attempt to reach four trapped miners.

September 16, 2011

WA mining jobs grow as manufacturing haemorrhages staff

Western Australia’s manufacturing sector is losing nearly 150 jobs per day as workers chase high wages in mining.

September 16, 2011

MEG calculates $17 billion spent on non-ferrous exploration in 2011

Preliminary estimates from Metals Economics Group’s (MEG) Corporate Exploration Strategies (CES) study indicate that 2011 nonferrous exploration budgets will exceed $17 billion for expenditures related to precious and base metals,…

September 15, 2011

Changes to oil sands royalty rates boost Alberta coffers by $1 billion without scaring investors

In a study released Thursday by Calgary University's School of Public Policy, Professor Ken McKenzie using economic data found incremental revenue for the government of Alberta over the last two…

September 15, 2011

Falling oil prices: Worrying trend or saving grace?

When oil prices start to decline, investors and economists get worried.

September 15, 2011

Huge steppe up for Prophecy Coal after Mongolia approves power plant

TSX-V junior Prophecy Coal was trading up 6% by early afternoon on Thursday after jumping 11% earlier in the day on news that the Mongolian government has given the go-ahead…

September 15, 2011

Patriot Coal and Peabody Energy benefit from favorable pricing environment

Coal producers are benefitting from skyrocketing demand and improved pricing of late. Meanwhile, Coal shortages in China and India are directly assisting US exporters and have played a major role…

September 15, 2011

China buying gold in bid to devalue U.S. dollar

According to a recently released WikiLeaks cable, China is shifting some of its massive foreign holdings into gold and away from the U.S. dollar, undermining the dollar's role as the…

September 14, 2011

Labrador could lift uranium mining ban

The Inuit government of Labrador says it will review a 2008 moratorium on uranium mining that it brought in to protect the environment, The Winnipeg Free Press reported, with the…