Europe to spend billions on lithium-ion battery plants

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.

As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.

The spending decline comes as U.S. coal miners struggle to clear hurdles on the federal level, including both newly proposed measures and regulations already being implemented.

And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.

ICVL wants boost annual production at its Benga mine from 5.3 million tonnes to 13 million tonnes in the next five years.

The recent nuclear non-proliferation agreement between Iran and the U.S. has created a firestorm debate in the Middle East and both sides of the Atlantic.

The company has officially shifted operations at its flagship Udachnaya mine from open-pit to underground mining.

Canadians can expect the value of the loonie to drop even further this summer, reaching US$0.75 — or perhaps even lower — according to economists at BMO.

Teck Resources Ltd. (TSX:TCK.B)(NYSE:TCK) reported increased profit in 2015’s second quarter but as commodity prices slide, the company sees a greater risk of its credit rating being demoted from investment-grade.