An Indian billionaire doubles down on controversial coal mine

Current low prices will generate a supply crunch as oil companies cut billions of dollars in spending on developing fields.

Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.

Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.

For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.

About 118 staff members have been moved to nearby Wabasca by bus and helicopter as a precaution.

World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.

Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.

An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.

Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.