Harmony Gold briefly dropped to a year low of $9.68 on Friday after the company announced a steep fall-off in output for the first quarter. Now worth $4.4 billion the counter is down a third in a year, but its Papua New Guinea project may be worth that by itself.
Kinder Morgan (NYSE: KMP) is going ahead with its planned $5 billion expansion of the Trans Mountain pipeline in Canada, which brings crude oil from the Alberta oil sands to Vancouver’s port.
The Minerals Council of Australia (MCA) resumed today an ad campaign initially launched in July last year, attacking alleged hikes on the federal government's mining and carbon taxes.
Guyana Goldfields vaulted 15.8% on Thursday, after raising just shy of $26 million from an institutional investor and its CEO, and announcing a revised feasibility study for its Aurora gold project in Guyana.
The company we will use the funds to bring its Timmins West Mine in Ontario Canada to full production, complete mill expansion and advance underground work at its other producing mine Bell Creek.
The Chinese economy is likely to land softly, rather than with a jolt, with growth forecast at 8.2% this year and 8.6% in 2013, according to The World Bank.
The price oil sands producers receive improved to $34.50 a barrel below the international benchmark on Thursday after a 7.4% overnight spike, close to its best level for the year and a 50% improvement from the multi-year lows struck at the beginning of March.
Indonesia wants to have its mining cake and eat it too, as the country, one of the world's largest exporters of copper and coal, will speed up a tax on mining exports, the industry minister Mohamad S. Hidayat told Reuters today.