June 18, 2012

L&L Energy buys majority stake in Chinese coal mine

US-based L&L Energy, Inc. (NASDAQ: LLEN), a company with five-year track record of profitable coal operations in China, announced it has entered into an MOU to acquire the Lashu Mine…

June 18, 2012

Australia sets conditions to Rinehart’s $6.4 billion coal mine project

Australian environment minister, Tony Burke, has told GVK and #4 mining billionaire Gina Rinehart to improve four areas of their $6.4 billion Alpha Coal project if they want to gain…

June 18, 2012

Alpha cut accident rates at coal mines formerly owned by Massey Energy: prosecutors

Alpha Natural Resources (NYSE: ANR) has drastically cut its accident and injury rates in the six months since a landmark $210 million settlement, which spared the company criminal charges over…

June 18, 2012

Yamana Gold to acquire Extorre for $400 million, aiming for 18% dividend boost

Canadian Yamana Gold Inc. (TSX:YRI) (NYSE:AUY)(LSE:YAU) announced a $400 million acquisition Monday of Argentina-focused junior miner Extorre Gold Mines (AMEX:XG) (TSX:XG), which has an appealing gold-silver project in the South…

June 17, 2012

End of the supercycle is also spelling the end of radical resource nationalism

"Natural resources companies with a pipeline of, say, five projects in five different countries are now likely to build just two or three of those. Thus, executives have the power…

June 17, 2012

Australia: Mine, all mine

By having too much of a good thing, the argument goes, Australia, or the “quarry in China’s backyard”, has become too dependent on commodity-led growth. That has made it lazy…

June 17, 2012

Japan’s restart, supply shortages could see uranium price return to $70

Apart from developments in Japan and the expiry of the Russia-US nuclear weapons agreement Beijing restarting its construction programme after a review will support oxide prices.

June 17, 2012

Physical precious metals versus their ETFs: which is best for you

Your risk tolerance, capital, and access to the futures markets will determine whether you’ll play precious metals in the futures markets or not.

June 17, 2012

Cliffs slashes thermal coal sales, production volume expectations at W.Va. mine

Cleveland-based Cliffs Natural Resources Inc. said June 15 that it is reducing its full-year 2012 thermal coal sales and production volume expectations to approximately 800,000 tons from 1.1 million tons…

June 17, 2012

Why I’m buying this global mining giant

Diversified Australian resources company BHP Billiton (NYSE: BHP) has its hands in nearly every commodity that can be pulled out of the ground.