In an unusual move, Chinese state-owned CNOOC and Canada’s Nexen Inc. (NYSE,TSX:NXY) have resubmitted notice of their potential deal to US regulators, which will reset the clock on Washington’s approval for the $15 billion energy deal.
Canada’s Barrick Gold (NYSE, TSX: ABX) will invest about $2 billion in Argentina next year mainly to advance construction at its massive Pascua-Lama gold-silver project, straddling the border with Chile.
Persian Gulf-based Investcorp said on Tuesday it had sold US truck and trailer parts distributor FleetPride to TPG, one of the largest private equity investment firms, for more than $1 billion.
While the world concerns itself with the Syrian civil war and the dangers it poses for the already disturbed Middle East, little notice is taken of the conflicts affecting Africa, probably the single most complex region of the world and arguably its most troubled, warned Tuesday the Centre for Research on Globalization (CRG).
Driven by several recent Discovery Channel shows dedicated to prospecting and steady gold prices of $1,600 and up per ounce, weekend placers —how they like calling themselves— have been recently wading into the state of Colorado's streams in numbers not seen before.
The Arab states of Sudan and Saudi Arabia unveiled Tuesday plans to start mining for gold, copper, silver and other riches along the Red Sea basin between the two countries as early as 2014.
South Africa’s economy continues to struggle as a consequence of the widespread strikes that have hit its mining sector since August, weighing more heavily on the economy in the third quarter than what economists had predicted.
Western Canada’s Vancouver, Victoria, Smithers and Prince George are expected to be Tuesday the main stage for rallies against oil and gas pipelines, as part of national and international actions spearheaded by the Unis’tot’en clan of the Wet’suwet’en Nation in British Columbia.
Canada’s Enbridge Inc. (TSX, NYSE:ENB) announced Monday its has entered into an agreement with Canopy Prospecting Inc. to develop rail facilities that will deliver crude oil from the Bakken shale prospect in North Dakota to Philadelphia refineries by the third-quarter of 2013.
