Energy Top Stories

Global oil supply could face 4.5 million barrels shortfall — Wood Mackenzie

Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.

Cecilia Jamasmie | April 27, 2016 | 7:55 am

Stanford University decision to keep fossil fuels holdings triggers uproar

The board of trustees said they didn't believe in divesting…

Cecilia Jamasmie | April 27, 2016 | 6:16 am

Adani’s $12bn Carmichael project hit with yet another lawsuit

A green group asked the Supreme Court in Queensland to…

Cecilia Jamasmie | April 27, 2016 | 3:43 am

Forget the Saudis, Texas will win the oil price war

Senate told price needed to start pumping from 6,500 drilled…

Frik Els | April 26, 2016 | 12:33 pm

Nova Scotia’s proposed overhaul of mining rules met with criticism, demands

While the province says the proposed ruling will cut red…

Cecilia Jamasmie | April 26, 2016 | 9:15 am

Fresh doubts over Olympic Dam as BHP freezes hiring

BHP's board was to make a decision on the $30 billion project this year, but a newspaper report over the weekend said a decision will not be made until 2014 and BHP's uranium division "confirmed the deferral and said a recruitment freeze was now in place".

Frik Els | July 30, 2012 | 12:32 am

Mittal: Investing in mining, but not India or China

I'm not locating capital to India or China as I don't see things progressing there. We can't remain stuck, so we move on. Now our priority is to reduce debt, we sell non-core assets. But we continue to invest in mining and become self-dependent.

Frik Els | July 29, 2012 | 10:07 pm

Feds quash 21-year old permit after coal mining restarted, overruling Alaska Natural Resources Dept

A coal mining permit issued in Alaska 21 years ago — but not utilized until recently — has been ruled as no longer valid by a US federal agency because the Alaska DNR “erroneously transferred and renewed invalid permits."

Frik Els | July 29, 2012 | 1:39 am

20 arrested after shutting down coal mine in West Virginia

Patriot Coal's Hobet mine was back in production by late afternoon.

Frik Els | July 29, 2012 | 12:16 am

Not convinced Chinese trade is a disaster? Take a look at these shipping numbers

Examples: Worldwide orders for dry-bulk vessels dropped 49% to 9.8 million deadweight tons in the first half of 2012. The monthly index of new-ship prices in China is now at its lowest point since March 2004.

Frik Els | July 27, 2012 | 9:51 pm

53 rescued, 5 still trapped in coal mine in China’s Guizhou province

53 people have been rescued while five still remain trapped in a coal mine in China's south-western province of Guizhou following the collapse of two separate sections of the mine's tunnel within the space of several days.

Marc Howe | July 27, 2012 | 2:22 am

Argus Metals drops 44% on the day

Reports that assays contained "interesting enrichment in certain rare earth elements" and that gold mineralization was not tested in the area, were not enough to deter investors from dumping the stock – which traded at 17 times the normal volume.

Joshua Zapf | July 26, 2012 | 8:19 pm

Potash Corp. cuts profit hopes as earnings slide

Potash Corporation of Saskatchewan Inc. reported a sharp drop in second-quarter earnings on Thursday as well as lower than anticipated profits.

Cecilia Jamasmie | July 26, 2012 | 3:00 pm

All that wealth and now somewhere to put it

Located somewhere under 'a building within the international airport compound' in Hong Kong, Malca-Amit's vault is designed to hold 1,000 tonnes of gold – roughly 22% of the gold bullion currently at Fort Knox.

Joshua Zapf | July 26, 2012 | 7:27 am

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