Moly – Marengo Mining Ltd. (TSX:MRN,ASX:MMC) provided an update on its Papua New Guinea-based Yandera copper-molybdenum-gold project, commenting that before a final feasibility study can be prepared, the company needs to identify an alternative cost-competitive source of power for the project. That's because Marengo's preferred third-party power provider has backed out of the proposed arrangements for power supply.
Coal – With a rise in crude oil prices, the price of coal has tagged along for the ride, but will likely diverge in the long run.
Uranium – WSJ.com reports renewed interest in nuclear power. Nuclear plants do not emit carbon dioxide. Some 60 nuclear reactors are under construction around the world, according to the International Atomic Energy Agency. For complete editorial, click here.
Moly Investing News reports China chasing Chile to be the top placing as a moly exporter. According to the data compiled recently, Chile exported 27,097 tonnes in material of molybdenum in the first half of 2009, having increased by 12.6 per cent compared with that of 24,054 tonnes in the same period of 2008. The quantities of molybdenum [...]
Coal Investing News reports Obama’s adminstration will reverse rule on coal mining companies dumping mountaintop debris into valley streams. It may be recalled that the Bush-era rule allowed coal mine operators to use “the cheapest and most convenient disposal option” for mountaintop fill. “We must responsibly develop our coal supplies to help us achieve energy [...]
Coal Investing News reports coal prices are at the bottom however with the credit markets working, the only way is to go up. While US President Barack Obama’s cap-and-trade anti-emissions policy may sound scary for coal, Joy Global CEO Mike Sutherlin is not nervous and looks to China for huge demand. China is “doing everything right” with [...]
Coal Investing News reports coal stocks have been hit pretty hard with this global recession. Coal stocks at Qinhuangdao, China’s top coal shipping port, however, climbed 13 per cent on the week, to 5.5 million tonnes, as more coal arrived than was shipped out. According to Reuters calculation based on the data a total of 265 [...]
Aluminum Investing News reports aluminum demand and supply react to the US stimulus plans. Aluminium LME warehouse inventories leapt by 13,125 tonnes to stand at 3.17 million tonnes, their highest ever. Stocks have risen more than 35 per cent since December. According to Aluminum Association Inc, Aluminum demand in the U.S. and Canada declined 16 per cent [...]
Heavy Oil Investing News reports the recent jump in oil price was caused by a drop in inventories. The rally in oil contrasted with the grim global economic picture. The U.S. Labor Department said the number of American workers drawing unemployment aid jumped to a record high of nearly five million, highlighting the deterioration in the [...]
Coal Investing News reports the American elections and the future of the coal industry. The story: In a “secret” interview, the Senator admitted to the San Francisco Chronicle that he would purposefully bankrupt the coal industry. So, what was said in this so-called “secret” interview that had Sarah Palin, Fox News, and the coal industry [...]
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