Energy Top Stories

EY: Distress and divestments to dominate mining deals in 2016

EY notes that after the fifth consecutive year of declining deal volume and values, increasing levels of financial distress will trigger more divestments, spin-offs, joint ventures and possibly hostile takeover bids.

Ernst & Young | March 8, 2016 | 2:00 am

Cameco slowly expands world’s biggest uranium mine, betting on recovery

Cameco's McArthur River mine in northern Saskatchewan is expected to…

Reuters | March 7, 2016 | 10:24 am

Mongolia settles row with Canadian miner, pays $70 million

The move comes as the Asian country is launching a…

Cecilia Jamasmie | March 7, 2016 | 3:11 am

Oregon becomes first US state to ban coal-fired power

The Clean Energy and Coal Transition Act commits to eliminating…

Andrew Topf | March 6, 2016 | 2:53 pm

Mining stocks in once-a-decade rally

Friday's jump in copper and iron ore prices propel mining…

Frik Els | March 4, 2016 | 2:43 pm

Kloppers clobbers capex: Forget Olympic Dam and Jansen, BHP is now even cutting back iron ore

“The economics of some of these projects has changed,” he said. “I think for the next two years, 18 months perhaps, we will just wait and see how things develop.”

Frik Els | June 7, 2012 | 10:12 pm

Not enough R&D threatens future of oil sands

With the shift in research and development (R&D) policies – more grants and fewer tax breaks – announced in March by Finance Minister Jim Flaherty, the latest report from Deloitte & Touche LLP says Canada is putting the future of its oil sands industry at risk.

Cecilia Jamasmie | June 7, 2012 | 3:19 pm

10-year review critiques the mining industry’s sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

Cecilia Jamasmie | June 7, 2012 | 1:50 am

Churchill’s legal problems a warning to others in Indonesia

After having their assets seized without due compensation, the London based Churchill Mining, filed a law suit against the island nation for $1.8 billion.

Joshua Zapf | June 7, 2012 | 12:20 am

Round two: Queensland coal mine vs Great Barrier Reef

A delegation from the Australian state of Queensland will meet federal environment minister Tony Burke on Thursday to hammer out a deal on a massive coal project led by India's GVK and Hancock Prospecting after Burke halted the approval process.

Frik Els | June 6, 2012 | 11:59 pm

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.

Cecilia Jamasmie | June 6, 2012 | 2:29 pm

Discovery of world’s largest tungsten mine sends Chinese stocks skyrocketing

Shares of China's tungsten companies climbed on Wednesday after the country’s Ministry of Land and Resources announced the discovery of the world's largest tungsten mine in east province of Jiangxi.

Cecilia Jamasmie | June 6, 2012 | 1:34 pm

Investment, technological advances to double Canada’s crude oil production by 2030

Canada will double its crude oil production by 2030, increasing output from three million barrels a day to 6.2 million barrels a day, according to a study by the Canadian Association of Petroleum Producers.

Michael Allan McCrae | June 6, 2012 | 4:54 am

At least 30 coal carriers with unsold cargo floating off China’s coast

The drop-off in demand, exacerbated by high inventories thanks to a mild northern hemisphere winter and a surge in US exports have led to a collapse in thermal coal prices.

Frik Els | June 5, 2012 | 11:21 pm

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