June 8, 2012

Copper at a six month low after fears resurface about Chinese economy

Copper dropped sharply on Friday after China's decision to cut interest rates suddenly revived fears of a slowdown in the world's second largest economy.

June 8, 2012

Anglo American’s $1.7 billion Grosvenor coal mine given state go-ahead

The London-based diversified miner wants to triple production of met coal in Australia over the next 8 years.

June 8, 2012

Alpha to stop coal production at four Kentucky mines; cut 150 jobs

Shares in the miner fell 1.8% in morning trading on the NYSE after it announced plans to stop production at four of its coal mines in Kentucky, with 150 jobs…

June 8, 2012

Funding increased for Yucca Mountain review

An additional $10 million in funding has been approved for the Nuclear Regulatory Commission (NRC) to complete its review of the licence application for the Yucca Mountain repository. Last year,…

June 8, 2012

U.S. environment agency sues India-based coal firm

A group of coal companies owned by a massive India conglomerate ran illegal surface mines in eastern Kentucky that polluted waterways, according to lawsuit filed by the U.S. Environmental Protection…

June 8, 2012

Canadian government of Nunavut allows uranium mining

Announced yesterday, the government of Nunavut is in favour of uranium mining on the condition that the radioactive ore be used for peaceful and environmentally responsible purposes only.

June 8, 2012

Indonesia denies plans to tax coal exports

Energy and Mineral Resources Minister Jero Wacik has denied any plans to tax thermal coal exports after hinting at the move last May.

June 8, 2012

Concerned shareholders of Alberta Oilsands Inc. send letter and mail proxy circular to shareholders

Concerned shareholders of Alberta Oilsands Inc. have filed a dissident circular and are in the process of calling for the replacement of the company's existing directors.

June 7, 2012

Kloppers clobbers capex: Forget Olympic Dam and Jansen, BHP is now even cutting back iron ore

“The economics of some of these projects has changed,” he said. “I think for the next two years, 18 months perhaps, we will just wait and see how things develop.”

June 7, 2012

Beware of false claims about rare earth metals: Bob Wolf

Bob Wolf, Alliance LLC vice president, doesn't believe everything he reads. Manufacturers claim they can swap out rare earth elements for cheaper, more accessible materials, while some miners insist they…