Angelos Damaskos, principal adviser of the Junior Oils Trust, admits that he finds the recent collapse in oil price a mystery. Nonetheless, he has no doubt that demand will compel higher prices in the medium and long term.

As usual the leaders of the G20 countries will be deliberating on issues that will have ramifications for not only their respective economies but also the rest of the world, including those who will not be represented at the deliberations.

Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American.

Veto likely if passed by Congress.

Sioux Corporation’s electric motor driven, industrial cold water pressure washers have received third party certification by ETL to UL and CSA safety standards.

The technology involved in coal mining around the world has advanced a great deal over the years, especially in terms of improving the health and safety of the miners. At the same time mining efficiency and production rates have also improved. These advancements have been made possible, in part, by the increasing use of high pressure pumping systems that power the critical roof support systems and allow the vast array of very expensive equipment to be recovered once a mine has been exhausted.

The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.

Alberta, which derives a quarter of its economy from the oil sands and other energy resources, is poised to grow at the slowest pace in five years as crude prices slump.

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.