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Keith Schaefer: Expect Oil M&A Activity in Q3, Q4 2015

Oil – Keith Schaefer spoke to Resource Investing News at VRIC about a variety of topics, including the ongoing glut in the oil market and what he thinks the future holds for major and junior oil companies. He also touched on LNG in British Columbia.

Company News

Glencore To Cut Australian Coal Exports By 15 Million Tonnes

Coal – Following a shutdown of its coal operations over Christmas, Glencore (LSE:GLEN) announced plans to reduce Australian exports by 15 million tonnes in 2015. Analysts still see both the thermal and metallurgical coal markets as very oversupplied.

Greece Softens Stance on Eldorado Gold’s Mine Operations

Gold – Last than a month after the Greek government unequivocally stated its opposition to Eldorado Gold's (TSX:ELD) Skouries mine in the country, Reuters reported that Greece has said that it won't block the mine. However, the government will review permits for a processing plant at the site.

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Diamcor Mining Details Plans for 2015

Diamond – Diamcor Mining Inc. (TSXV:DMI) CEO Dean Taylor spoke to Resource Investing News about the Krone-Endora at Venetia project in South Africa.

Market News

Small Modular Reactors in Nuclear Co-generation and Hybrid Systems in 5th Annual Small Modular Reactor Summit

Uranium – The 5th Annual Small Modular Reactor Summit 2015 will be hosting a panel discussion on integrating small modular reactors (SMRs) into nuclear co-generation and hybrid energy systems. The panellists include Shannon Bragg-Sitton, Deputy National Technical Director, Idaho National Lab; Fred Moore, Executive Director – Emeritus, NGNP Alliance Ltd; Kajetan Rozycki, Head of New Reactor Technologies [...]

US Supply Falls Lower Than Expected, Price Drops

Gas – The US Energy Information Administration reported that the country's natural gas supply for the week ending February 20 has declined by 219 billion cubic feet from the previous week.

Apple Looking to Break into Electric Vehicle Market

Lithium – Benchmark Mineral Intelligence reported that Apple Inc. (NASDAQ:AAPL) is being sued by A123 Systems Inc. (ETR:ALC), a lithium-ion battery producer, for stealing its employees to set up a new battery division.

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