April 15, 2012

With 4 mega-projects sucking up $120 billion, BHP vows to ‘live within its means’

BHP's four largest projects – Olympic Dam, the Outer Harbour iron ore infrastructure project in Australia, expansion of its US shale gas operations and Jansen potash in Saskatchewan, Canada –…

April 15, 2012

You’ll soon be able to choose from a bunch of diamond ETFs

A small number of investment professionals around the world are competing behind the scenes to turn the gem into a commodity that would be available to investors in the way…

April 15, 2012

How Oregon can generate a low-carbon future by going coal-free

Only six years ago the U.S. Department of Energy was anticipating a "coal resurgence," counting 150 new coal plants planned across the country (including 11 in the Pacific Northwest and…

April 14, 2012

Billionaire behaving badly? Glencore’s Glasenberg caught in Africa child labour, acid dumping row

In a scathing new BBC documentary that includes the first ever television interview with CEO Ivan Glasenberg, commodities trader Glencore is accused of allowing dumping of acid into streams, child…

April 14, 2012

It’s crunch time for UK Coal as it heads for big restructuring

The very survival of Britain?s coal mining industry depends on the success of a massive restructuring of UK Coal, which is to be announced in the next fortnight.

April 14, 2012

Gold miners should reconsider hedging – GFMS

For metals consultancy Thomson Reuters GFMS’s Paul Walker, looking to hedge from a position of strength would serve miners well when prices do eventually fall.

April 14, 2012

Churchill Mining to seek over $2 billion from Indonesia

London-listed Churchill Mining will take the Indonesian government to international arbitration and seek more than $2 billion in compensation in a dispute over a huge coal asset.

April 14, 2012

Goldcorp planning to step up information flow in view of public concerns over open pit

Hollinger pit project moving forward yet many Timmins people seem unaware.

April 13, 2012

Gold tumbles late Friday

Gold futures trading on the Comex division of the New York Mercantile Exchange experienced an after-hours selloff on Friday with prices tumbling $20 in a flurry of end-of week liquidation.

April 13, 2012

Ivanhoe staggers as Ouy Tolgoi costs balloon to $13 billion

Ivanhoe and Rio Tinto not only have to deal with higher projected mining and processing costs at the mega-mine but also development delays and most worryingly, lower ore grades.