Suncor cuts spending by 10% after posting $2bn loss on writedowns
The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.
Latest Stories
Senior gold producer Goldcorp takes large stake in Nevada’s Gold Standard Ventures
Thibaut Lepouttre, editor of Caesars Report, speculates on why the major acted when and where it did, and what it might mean for the future.
The sub-mine crisis of 2016
The collapse of the global resources stock market capitalization will have severe consequences.
Russia cries Dyadya (Uncle), is Saudi Arabia listening?
According to Bloomberg, the Russian Energy Ministry issued a statement that "Energy Minister Alexander Novak and the heads of Russia's biggest oil companies discussed the possibility of working with OPEC."
INFOGRAPHIC: The world’s most famous case of deflation (Part 1 of 2)
The Great Depression was the most severe economic depression ever experienced by the Western world. It was during this troubled time that the world’s most famous case of deflation also happened.
China ‘war on coal’ to drive labour unrest — report
The country's renewable energy industry will benefit, as it is set to step in as a substitute for coal in the coming years.
India mulls key investment to set iron ore plants in Iran
According to official figures, Iran has now more than $10 billion of investment pledges under its belt.
Chile’s court confirms 2nd highest fine in history for Caserones mine
The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.
Luxembourg joins race to conquer space mining
The move comes only three months after U.S. President Barack Obama signed a space exploitation law.
