Lithium ion batteries cost for electric vehicles to decline
The price of automotive lithium ion batteries is expected to fall dramatically by the end of the decade and even further by 2025, according to a new McKinsey study.
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India’s Jindal employees in Bolivia arrested and equipment seized for alleged ‘breach of contract’
Two employees of India’s Jindal Steel and Power were arrested on Friday and equipment confiscated in Bolivia, after the company abandoned its $2.1 billion El-Mutun iron ore project five days ago.
No signs of the mining boom ending for Australia any time soon: studies
There is no end on sight to the mining boom in Australia, a country which mineral resources sector value is expected to reach $122.6 billion by 2016, growing at an annual average rate of 4.3%, reveals a study published Saturday.
Congo probe into mining companies’ disappearing tax payments
The Democratic Republic of the Congo's new prime minister has ordered an investigation into the nation's mining industry after a damning report by an international watchdog found tens of millions of dollars a year in tax revenues were being lost in the system.
China’s Sino Iron mine in Australia just got $2 billon more expensive
The cost of building China's CITIC Pacific’s first iron ore mine in Australia, Beijing’s largest investment in the Aussie mining sector, has increased to a shocking $8 billion.
Two solar power plants to relieve mining sector’s power needs in Chile
As subsidies for renewable energy are falling in the depressed European economies, which represent the world's largest market for solar technology, manufacturers have started looking to new markets and Chile seems to be the most attractive one.
London 2012: And the 92.5% silver gold medal goes to…
Making the 2012 Olympic gold medal from pure gold would amount to $22,000 per medal at Friday's closing price of $1,585 an ounce. Event organizers baulked and opted for a mix of silver, a few grams of gold and copper for winning athletes.
Something made a hole in Mars
NASA’s Astronomy Picture of the Day this week gave an indication of how much there still is to explore just in our […]
David Letterman unloads on fracking
The CBS Late Show host does not like hydraulic fracturing.