May 28, 2012

Gold eases higher in slow holiday trade

Gold futures eased higher in slow U.S afternoon trade Monday, but were off the highest levels of the session amid ongoing concerns over political turmoil in Greece and growing fears…

May 28, 2012

Brazil’s Vale to sell all of its Colombian coal assets for over $400 million

Mining giant Vale said on Monday it will sell its coal assets in Colombia to CPC, a unit of Colombian Natural Resources, for $407 million.

May 28, 2012

Market Chatter: Oil India Eyes Stake in ConocoPhillips’ Canada Oil Sands

State-run explorer Oil India is looking at buying stake in ConocoPhillips' (COP.N) oil sand assets in Canada, as well as the Gabon assets of France's Maurel et Prom, Finance Director…

May 28, 2012

Pro-coal group allegedly paid fake activists to wear its shirts at EPA hearings

The U.S. Environmental Protection Agency (EPA) held 12 hours of stacked hearings in Chicago on Thursday, allowing the public to express their opinions (mostly adulation according to The Huffington Post)…

May 28, 2012

Australian mining community outraged by government’s decision to grant first ever right to hire foreign workers

Australia’s decision to grant first ever right to hire foreign workers at the Roy Hill project in the Pilbara on Friday has sparked heated critics by local unions and the…

May 27, 2012

Big miners playing game of chicken as marginal producers sink below break-even

Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price…

May 27, 2012

Glenstrata takes shape this week

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will find its way to the inboxes of shareholders this week.

May 27, 2012

Granted first ever right to hire foreign workers Friday. Saturday shuns 14,000 locals queuing at jobs expo

Gina Rinehart's Hancock Prospecting which is hiring 1,700 foreign workers for the Roy Hill iron mine were absent from the Australian mining association job fair in Perth and so were…

May 26, 2012

UK greens warn of a return to era of ‘dirty coal’

Coal-fired power stations trialling 'carbon capture' technology could be exempt from regulations.

May 26, 2012

Military drones for mines and tailings

I can hardly wait to get my first project involving the use of a drone to monitor the performance of a mine tailings facility. These days some are so big…