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September 08, 2014 10:30
A well thought out exploration strategy
April 03, 2014 10:46
Pakistan holds massive potential. With only one-third of its 900,000 square kilometres of sedimentary area having been explored, the Ministry of Petroleum and Natural Resources plans to drill 110 oil and gas wells in 2014   Pakistan sits in on the periphery of one of the most prolific oil-producing regions in the world, yet it is hardly known as an oil-giant and, what’s worse, the country is now enduring a severe energy crisis. According to the US Energy Information Administration,...
Gold price snaps losing streak as Chinese buyers return
April 03, 2014 10:39
The price of gold snapped a five-day losing streak on Wednesday as bargain hunters re-entered the market. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery settled at $1,290.80 an ounce, up $10.80 or 0.8% from Tuesday's close at a 7-week low. While gold is off more than $90 an ounce from its 2014 high struck in mid-March, Asian buyers appear to have returned to the market. Chinese bullion buyers, who overtook India for the first time as top global...
MMG in halt on possible deal with Glencore Xstrata over Las Bambas
March 26, 2014 18:04
Shares of MMG, the Hong Kong-listed offshore arm of China Minmetals Corp, were halted Tuesday after jumping 8% on fresh speculation of an imminent deal with Glencore Xstrata (LON:GLEN) on its $5.9 billion Las Bambas copper project. The commodity trader and mining giant agreed to sell the mine last year in order to win approval from China's Ministry of Commerce for is Glencore- Xstrata merger. However, the company doesn’t have to do it if it comes to the conclusion that there is no suitable...
Duke Energy tries to retain customers after charged with illegally pumping coal ash into rivers
March 26, 2014 17:55
Duke Energy (NYSE:DUK), the US largest electricity company, is stepping up efforts to "regain” customer confidence following a toxic spill from a coal ash dump in North Carolina last month that forced authorities to treat the drinking water supply for Virginia, Danville and South Boston. The incident brought to light Duke's history of polluting groundwater with its leaky, unlined coal ash dumps, as subsequent investigations by the North Carolina Department of...
McEwen Mining's president gives the BEST answer on why someone should consider a career in mining
March 17, 2014 12:17
McEwen Mining's president discussed innovation, why the company has not cut back on exploration and why more young people should consider a career in mining....
Gold price only gainer amid carnage on stock, metal markets
March 14, 2014 12:37
The gold price held onto recent gains on Thursday on the back of safe haven buying as reports surfaced of Russian troops amassing on Ukraine's borders and stocks took a tumble over worries about China's economy....
Uranium shares react to Cigar Lake, China reactor plans
March 14, 2014 12:35
After seven years of close-but-no-cigar, Canada's Cameco (TSX:CCO, NYSE:CCJ), the world's number one listed uranium producer, finally announced Thursday that production at its Cigar Lake mine in the Canadian province of Saskatchewan has commenced....
Rio Tinto readies for Mongolia pounce
March 10, 2014 15:58
The Australian reported that Rio Tinto is edging closer to snaffling the stake in Canada's Turquoise Hill Resources it does not already own in a move to shore up its exposure to key copper asset Oyu Tolgoi as it tries to counter a predicted drop in the iron ore price. Rio Tinto will make cash of fer of about CAD 8 per share for the group which would value the stake at CAD 19.09 billion. The remaining 49.2% stake in Toronto Exchange listed Torquoise is currently valued at CAD 4.495 billion,...
Vale opens first new Sudbury mine in more than 40 years
March 07, 2014 12:20
Seven years and $760 million dollars later, Vale has opened the doors to a new mine in Ontario's Sudbury Basin for the first time in more than four decades. The Totten Mine – which Vale calls 'Canada's mine of the future' – officially opened on Friday in the presence of Ontario Premier Kathleen Wynne, Minister of Northern Development & Mines Michael Gravelle, members of the Sagamok Anishnawbek First Nation and other community leaders. "The opening of Totten Mine reinforces...

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