World’s largest wealth fund blacklists Glencore, Anglo over coal

The Anglo American's unit logged earnings of $607 million for 2016, basically double the $304 million it recorded in 2015.

EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.

The Australian government has opened the door to using a $5 billion fund designed to attract investment in northern Australia, to develop clean-coal projects.

The three new minerals, leesite, leószilárdite and redcanyonite, will allow researchers to study how different forms of uranium can propagate in the natural environment.

Prices for the radioactive metal have fallen more than 50% since the Fukushima disaster in 2011

The bank believes that Canada’s oil patch may be "on the cusp of a new investment cycle” as oil settles into a US$50-60/bbl range.

Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.

While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.

Cost per barrel, however, will remain at about $84,000 per flowing barrel of bitumen.