Are low crude oil prices a “boom or a curse” for the world economy?

The International Monetary Fund increased its outlook for the world's economy on Tuesday, saying it expects global GDP to expand by 3.5 per cent this year.

Freeport McMoran Copper & Gold is currently valued so low that it is an excellent target for a takeover, according to media reports today.

The federal government gives just over $4 billion in direct subsidies to mining companies each year, mainly in the form of cheap fuel and tax breaks for building roads and railways, according to a report by the Australia Institute think tank.

Three weeks after SouthGobi Resources' $925 million deal with Chalco, the Government of Mongolia told SouthGobi that it had to suspend exploration and mining activity on certain licenses.

While Silicon Valley maybe a center of the environmental activism, Greenpeace issued a report on Tuesday accusing IT companies of setting up data centers in the eastern United States where power is cheaper and dirtier.

Denison Mines (NYSEAMEX:DNN) was up 14.69% to $1.64 on Tuesday after announcing Energy Fuels Inc. (TSE:EFR) will acquire all its mining assets and operations located in the United States in exchange for 425.44 million common shares of EFR.

Canadian rare earth explorer Pele Mountain Resources Inc. (TSX-V:GEM)(OTCQX:GOLDF) announced today that it has entered into a binding agreement to sell its Highland Gold projects to a wholly owned subsidiary of Prodigy Gold Inc. (TSX-V:PDG) for US$1.8 million.

Canadian rare earths explorer Pele Mountain Resources closed up 18% on Monday after the Toronto company announced an updated PEA on its Eco Ridge project.

Oil sands producer, Nexen Inc. (TSX, NYSE: NXY), said it received regulatory approval to proceed with development of pads 14 and 15 at Long Lake and the Kinosis 1A area.