Change is coming to Williamsport Pennsylvania in the form of Marcellus Shale. The multi billion dollar bounty of natural gas which lies below the ground is going to make sure of that.
By Joel Scanlon
7 Jul 2010
The West Kentucky coal mine collapse revealed inadequate roof control plans, leading to two fatalities and prompting an investigation into safety compliance.
By Joel Scanlon
7 Jul 2010
Tony Hayward seeks Gulf funding to address the historic U.S. oil spill, with Saudi investors eyeing a stake in BP amid plummeting share prices.
By Joel Scanlon
7 Jul 2010
Lonmin Plc (LON:LMI), the third largest and lowest cost producer of Platinum Group Metals (PGMs) has appointed Simon Scott as its new CFO.
Sundance Resources Ltd saw the final chapter in its recent tragedy written today as the bodies of the six Australian nationals were placed on a flight from the Congo to Australia.
The recent decision to scrap the proposed RSPT and the introduction of the revised MRRT has lead Swiss mining company Xstrata to restart work on the Wandoan Coal mine. The planned $6 billion coal mine including exploration activities are now back on track.
By Joel Scanlon
7 Jul 2010
Vancouver-based Taseko Mines (TSX: TKO, NYSE AMEX: TGB) awaits the British Columbia government’s approval for its proposed open pit mine. The CEO Russell Hallbauer predicted that the cabinet will have a decision on the proposed mining project after it reviewed the environmental threats.
The May 2010 trade surplus of $1.65 billion reflects strong export performance, particularly in rural goods and gold, boosting Australia's economy.
By Joel Scanlon
7 Jul 2010
OneSteel says that the government’s proposed Minerals Resource Rent Tax or MRRT won't negatively affect Whyalla steelworks. Geoff Plummer, Chief Executive for OneSteel is however negotiating for a more simplified deal.
Chevron has discovered a new gas well in the Carnarvon Basin which will help its proposed expansion of the Wheatstone project.
Extract Resources (ASX and TSX code: EXT), an Australian based mining company is setting up a new uranium (U3O8) project in Namibia.
Heemskirk Consolidated Ltd. offers $84 million for North Queensland Metals Ltd., surpassing Conquest Mining's bid and promising significant shareholder value.
By Joel Scanlon
6 Jul 2010
The Australian Greens leader Bob Brown advocates for environmental protections against the Felton coal to petrol project affecting prime agricultural land.
By Joel Scanlon
6 Jul 2010
In the opinion of Mr. Ken Henry, the Treasury Secretary, the new tax on mining (MRRT) is going to be worse for jobs in the mining sector than the originally planned Resources Super Profits Tax (RSPT).
By Joel Scanlon
6 Jul 2010
Macarthur Coal Ltd has had a good year and this reflects in its revised full year profit forecast.
By Joel Scanlon
5 Jul 2010