“Underground city” copper mine in Minnesota inches forward
A proposal for a large underground copper mine in Minnesota reached a milestone last week.
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Canadian crude falls to $47.50 below world price after dropping 14% in one day
Bitumen is expensive to extract, upgrade and refine and cannot compete with the many new shale oil plays, which have pushed US production to its highest level in a decade.
Workers for rival miners brawl at pubs
A Port Hedland pub has banned patrons from wearing work uniforms due to rising tensions between the workers of rival Pilbara mining companies.
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.
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.
