US coal industry on board ‘slow-motion train wreck’— report
Analysts from McKinsey and Co. warn the U.S. is currently home to a collection of “zombie mines” that cannot turn a profit, but are too costly to close.
An Indian conglomerate is planning to build Queensland's biggest coal mine near Rockhampton in the state's central region, including a new town, runway, railway and port facilities.
The last time a nuclear reactor was approved in the state of Georgia, Jimmy Carter was ensconced in the White House and the Bee Gees had three of the top 10 hits on the Billboard charts.
Canada’s nuclear-energy industry generates some $6.6 billion in annual revenue, $1.2 billion in exports each year and employs roughly 31,000 people according to Harper's office.
Canadian miner giant Teck Resources (TSX:TCK.B) reported Thursday a record annual profit of $2.7 billion, up by half from 2010, fuelled mainly by higher coal prices.
As Canadian oil falls to $50 less than the international benchmark, crude calculations show oil sands producers are losing out on $100 million dollars a day because they cannot sell into global markets.
Reuters reports that sovereign wealth fund China Investment Corp (CIC) and state oil company Sinopec are among three cornerstone investors that will pledge $350 million towards Sunshine Oilsands Ltd's Hong Kong IPO.