December 27, 2011

Three decades of oilsands development viewed from space

NASA put together time-lapse satellite images of development around the Millenium Mine and the Athabasca River.

December 27, 2011

Crumbling confidence in government and banks will continue to propel precious metals

The current bull market in precious metals is set to hit new heights in the coming years, but many financial types still do not fully grasp the implications of what…

December 27, 2011

Gold drops to 1-week low as Europe woes damp commodities demand

Dec. 27 (Bloomberg) -- Gold fell, declining to the lowest level in a week, on concern that Europes debt crisis may escalate, boosting the dollar and damping demand for commodities.…

December 27, 2011

Zinc leads drop in metals as int’l markets take a break

Zinc led a dive among the most traded contracts of four base metals on the Shanghai Futures Exchange Monday, as the Christmas period lessened the impact from international markets. The…

December 27, 2011

Japan Q1 crude steel demand seen at near 2-yr low

Japanese demand for crude steel is expected to fall 6.2 percent from a year earlier to an almost two-year low of 26 million tonnes in the January-March quarter, as a…

December 27, 2011

Pakistan coal reserves to provide electricity more than 30 years: Dr Samar

Member of the Science and Technology Planning Commission, Dr Samar Mubarakmand on Monday said that Pakistan has enough coal reserves that can provide electricity to the country for more than…

December 27, 2011

China cracks down on gold exchanges

Governments hate competition. Due to record breaking gold prices this year, more unauthorized gold exchanges have been created to capitalize on gold fever.

December 27, 2011

Shenhua planning Asia’s largest thermal power project in S. China’s Guangxi

NANNING, Dec. 27 (Xinhua) -- China Shenhua Group Co. Ltd., the country's largest coal producer, has signed an agreement to build Asia's largest thermal power project in southern Guangxi Zhuang…

December 27, 2011

Mining – Chile – Mining represents 70.1 pct of authorized FDI in 2011

Chile saw authorized foreign direct investment (FDI) in 2011 increase 4% compared to the prior year to a record US$13.8bn, of which US$9.67bn or 70.1% corresponds to mining, the economy…

December 27, 2011

Mining – Chile – Teck submits EIA for waste handling center at Quebrada Blanca

Vancouver-based Teck (NYSE: TCK) submitted an environmental impact assessment (EIA) to the Chilean environment ministry's (MMA) evaluation service for a US$1mn project to build a new, integrated waste...