Energy Top Stories

Anglo American to sell Brazilian units to China Molybdenum for $1.5 billion

The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.

Cecilia Jamasmie | April 28, 2016 | 2:56 am

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

Current oil oversupply could reverse within 20 years as low…

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

Teck Resources down 5% after profits more than halve

The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a tonne. Zinc (-15%), silver (-24%), lead (-22%) and molybdenum (-18%) prices all declined.

Frik Els | July 25, 2012 | 4:59 pm

Suncor to delay joint venture oil sands projects

Billions of dollars in joint venture projects with partner Total E&P Canada will be delayed, said Suncor Energy’s new chief executive Steve Williams on Wednesday, as both companies are analyzing alternatives to improve their profitability.

Cecilia Jamasmie | July 25, 2012 | 3:35 pm

Miners buying existing projects rather than starting their own: study

Escalating costs and economic instability may be the two main reasons why mining companies worldwide are acquiring existing projects instead of starting their own, shows the latest report from global firm Ernst & Young.

Cecilia Jamasmie | July 25, 2012 | 2:46 pm

Slowdown? What slowdown? Caterpillar’s best quarter in history

Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, raised its 2012 profit forecast on Wednesday based on its quarterly profit report, which beat by far most of Wall Street's gloomy outlooks.

Cecilia Jamasmie | July 25, 2012 | 1:35 pm

Spanish uranium mining revived

Stock in London-listed Berkeley Resources added 9% after announcing a deal with Enusa – Spain's state-owned nuclear enterprise.

Frik Els | July 24, 2012 | 4:41 pm

CNOOC-Nexen: China’s swoop shows sweet timing as Canadian crude discount halves

Despite a steep drop in the price of crude on Monday with US benchmark West Texas Intermediate down almost 4% in afternoon trade at $88.55, the price oil sands producers receive has improved dramatically since the start of July.

Frik Els | July 23, 2012 | 7:50 pm

Gold prices on hold as the US dollar strengthens

Our acquisition programme has been on hold for some time now as gold and silver prices consolidated and the mining sector failed to sparkle. Gold has temporarily been sidelined by the pantomime that is European politics.

Bob Kirtley - Gold-Prices.biz | July 23, 2012 | 5:08 pm

Summer shopping opportunities for mining equities abound

Equity valuations have so far failed to keep pace with rising bullion prices, but that makes for some outstanding investor opportunities among a few particularly well-positioned juniors that Rick Mills identifies as running ahead of the herd this summer.

The Gold Report | July 23, 2012 | 12:19 pm

Calls for fundamental reform of Australian mining tax

One of Australia's leading intellectuals and a former adviser to the country's incumbent Labor Party has called for far-reaching reforms to the resource giant's mining tax and GST.

Marc Howe | July 22, 2012 | 11:42 pm

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