April 30, 2012

Argentina’s Supreme court demands environmental reports used to approve Barrick’s Pascua Lama

The Argentine supreme court has ordered the national and the San Juan provincial governments to submit the environmental reports that were used to approve Canadian miner Barrick Gold's (NYSE: ABX)…

April 30, 2012

North America to lead energy investments in 2012: analysts

North America will head global energy investments this year, driven by boom in unconventional production, with a $392 billion on upstream capital and operating expenditures in the region, say global…

April 30, 2012

Zimplats sees quarterly profits jump 170 pct

A 32% increase in revenue from higher average platinum prices saw Impala Platinum's Zimbabwe unit's profits climb 170% quarter on quarter despite some labour and power shortage problems.

April 30, 2012

Energy Transfer paying US$5.3 billion for Sunocor

Energy Transfer (NYSE: ETP), a natural gas transportation company based in Texas, and Sunoco, Inc. (NYSE: SUN) agreed on a US$5.3 billion merger in a cash and stock transaction valued…

April 30, 2012

Chinese firm has plans to revive Uganda’s Kilembe copper/cobalt mine

Gingko Energy Company plans to spend $100 million over five years to revive production at the Kilembe copper/cobalt mine, which was abandoned in the early 1980s due to political turmoil.

April 30, 2012

Mongolia’s mine law change unlikely to be retroactive – minister

Vice finance minister, Chuluun Ganhuyag, says the proposed new law will only apply to investment in certain deposits, but the list will go beyond the country's current list of strategic…

April 30, 2012

Worldwide steel consumption growth to drop this year

The World Steel Association is cutting its forecasts for global use of the commodity by 1.8% this year, as China - the world’s biggest consumer of steel- has slowed down…

April 30, 2012

Gold holds above $1,660/oz on monetary easing talks

Gold stayed above $1660 an ounces Monday as prices received support from speculation the U.S. Federal Reserve could launch a new round of monetary easing.

April 30, 2012

Gold and commodities largely flat in Monday morning trade

Physical bullion demand giving "no support", S&P downgrades Spanish banks, French and German politicians "moving to the right", COMEX net longs in gold fell 5%

April 30, 2012

Giant mining machines to descend on Edmonton, Canada, for awareness show

Giant mining machines towering over Churchill Square this week won’t be extracting riches from downtown Edmonton, but are part of an exercise to build awareness of mining’s impact on everyday…