Energy Top Stories

How to spot buyout clues in today’s resource market

The Gold Report reached out to experts who have been…

Last standing underground coal mine in the UK to close next month

The closure of Kellingley Colliery, Britain’s last deep coal mine,…

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Cameco announces breakthrough of second shaft at Cigar Lake

Cameco (TSX:CCO) (NYSE:CCJ) announced today it has reached the main mine workings with the second shaft at the Cigar Lake uranium mining project in northern Saskatchewan. Miners removed the final section of rock connecting shaft 2 with the mine workings 480 metres below surface on January 3, 2012. The second shaft will provide for increased ventilation of the underground workings as well as additional means of entering and exiting the mine. SASKATOON, SASKATCHEWAN--(Marketwire - Jan. 3, 2012) -

PetroChina takes over Canadian oil sands project

Canadian oil producer Athabasca Oil Sands Corp. (TSX: ATH) has exercised its option to sell its remaining 40 per cent interest in the MacKay River oil sands project to Cretaceous, a unit of Chinese oil giant PetroChina for about C$680 million.