June 8, 2015

Enbridge to pay $4 million over 2010 Kalamazoo oil spill in Michigan

The proposed sum is on top of the $75 million the firm agreed to pay to Michigan last month.

June 8, 2015

G7 agrees to phase out fossil fuels by end of the century

U.S., Canada, Germany, France, the UK, Japan, and Italy agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century.

June 8, 2015

Low metals prices force Canadian First Nickel to idle Ontario mine

The company said the mine will either be put on "care and maintenance" for a possible restart or closed.

June 8, 2015

Churchill Mining, Indonesia in talks to solve alleged fraud in coal project licencing

The news comes after Indonesia’s last week decision to drop allegations that the miner had defrauded the state when buying the East Kalimantan coal project.

June 8, 2015

Trouble brewing in South Africa’s gold mining sector

The country's radical Association of Mineworkers and Construction Union (Amcu) said it would begin a wildcat strike in the sector if its rival union and companies extend wage deal to…

June 5, 2015

Mythbusting the gold standard

10 ways economists get it wrong when they bash gold bugs and the gold standard. (No 3: Maintaining the gold standard costs more than the fiat money system)

June 5, 2015

Newmont sells New Zealand mine to OceanaGold for $101 million

The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.

June 5, 2015

China’s five year plan and the end of an era

At its centre will be a shift of emphasis away from trade with the advanced nations, whose prospects are bound to subside towards their level of economic growth.

June 5, 2015

Mining investments in Chile to reach $64 billion by 2025 — report

According to the state copper commission, Chile’s portfolio of planned mining investments remains the largest in Latin America.

June 5, 2015

Pacific Potash risks mining rights in Brazil over $2.1 million tax debt

This is not the first time the company’s rights for its Amazonas project have been at risk of being revoked for failure of tax payments.