Saudi Arabia releases ambitious plan to diversify economy
The "Vision for the Kingdom of Saudi Arabia" could radically transform Saudi Aramco, the Saudi economy, and the country's social structure.
Latest Stories
Iron ore price plummets amid Chinese speculative mania
China clamps down, but Beijing's record on market intervention is not good and speculative bubbles tend to blow up spectacularly inside the country.
Barrick ‘is back’ chairman Thornton tells shareholders
Barrick Gold has reduced its debt load, reshuffle management and sold several assets.
Potential lithium brines investigated in Australia
As society becomes more dependent on technology, metals like lithium are in high demand.
Vale gives its potash project in Argentina a second chance
The miner has scaled down the project and it now aim to produce 1.3 million tons of potash a year, down from the 4 million tons originally planned.
Global oil supply could face 4.5 million barrels shortfall — Wood Mackenzie
Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.
Stanford University decision to keep fossil fuels holdings triggers uproar
The board of trustees said they didn't believe in divesting from the fossil fuel industry until there are competitive and readily available alternatives.
Adani’s $12bn Carmichael project hit with yet another lawsuit
A green group asked the Supreme Court in Queensland to review the environmental approval of the controversial coal mine and rail project.
Iron ore price: Only question now is how rapid the fall
Beijing clampdown on Chinese commodity markets where six out of ten of the world's most active derivates are now traded doesn't bode well for iron ore price.
