South Korean companies want to establish 6,000 MW coal power plants in Turkey
Today Energy minister Taner Yildiz said that South Korean companies were interested in establishing 5,000-6,000 MW coal-fired power plants in Turkey.
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Mitsubishi pays $81m for 25% stake in PGM mine
Japanese conglomerate Mitsubishi Corp will pay $81.25 million to acquire a 25% ownership in the Marathon PGM and copper project owned by Stillwater Mining.
Alberta premier promises $3 billion to help clean up oil sands
Alison Redford, the premier of the Canadian province of Alberta, promised on Wednesday to spend $3 billion on clean-up projects in the oil sands.
Goldman Sachs says buy gold. Right now!
The investment bank argues that gold is not a good long-term investment, but offers a compelling medium term trade.
AuRico Gold dumps Australian mines for $105 million
AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.
In the hole for $18 billion, Rio Tinto finds buyer for Europe alumina business
The world's number three miner bought Alcan's business on the continent in 2007 for $38 billion. So far the $100 billion Anglo-Australian company has been forced to write off $18.2 billion of the purchase price.
Baja slides 5% after Boleo update tells of escalating fuel, material and labour costs
Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.
American coins to be made out of cheaper materials
Coins in the U.S. are now going to be made out of "cost-effective materials", said Treasury Secretary Tim Geithner.
Animal poop? Now how’s that for an alternative energy source
Engineers from The Denver Zoo have taken the global concern about an energy crisis a step further by developing a method to use animal waste as fuel.