Statoil getting out of oil sands, takes $500 million loss
Statoil ASA, (NYSE:STO) the Norwegian-owned oil and gas major, does not believe it has a future in the Canadian oil sands.
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Fed rate hike whacks gold
The long-anticipated interest rate increase by the U.S. Federal Reserve has had the predicted impact on gold.
Oyu Tolgoi resumes copper shipments to China
Move follows extensive talks with Chinese and Mongolian authorities.
Nickel key to unveiling mystery of dinosaurs extinction
A nickel spike found in sediments above the spot where a giant asteroid hit the Earth some 66 million years ago, may help scientists trace segments of the celestial body that wiped out dinosaurs and 75% of all organisms on the planet.
New Zealand deep-sea life needs ‘better protection’ from mining, study shows
Scientist from Victoria University of Wellington says too little is known about the seafloor communities found in in New Zealand's Exclusive Economic Zone.
De Beers latest diamond sales hit by India’s demonetization
The diamond producer by value sold $418 million of gems in its 10th cycle, compared with $476 million at its previous offering, which shows demand has slowed since India's withdrawal of high-value bills.
Why Alberta oil will be California-bound
But Asia rises as potential market for Trans Mountain crude say analysts.
Atlas Copco to coordinate EU initiative for Sustainable Intelligent Mining Systems
Atlas Copco Rock Drills AB has been named coordinator of the European consortium on Sustainable Intelligent Mining Systems (SIMS). This mining industry initiative is funded by Horizon 2020, the biggest EU research and innovation program ever.
Donald Trump’s cabinet to include oilsands-loving Texans
Donald Trump's prospective cabinet is now stacked with friends of Canadian oil, with vocal proponents of the Keystone XL pipeline his picks to run key posts in the State and Energy departments.
