BHP to boost copper output, lower costs at vast Olympic Dam

Announced yesterday, the government of Nunavut is in favour of uranium mining on the condition that the radioactive ore be used for peaceful and environmentally responsible purposes only.

“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.”

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

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%.

Coal and nuclear power plants rely heavily on water for cooling, but a warmer climate could reduce the availability of water and limit power output.

When looking for a dominant investment theme the approach I take involves looking at global or big picture conditions.

There are "growing signs" that Outer Harbour  will take precedence over BHP's massive Olympic Dam project and the greenfield Jansen potash venture in Canada.

If the board of the world's largest miner does not make a decision on the giant copper-gold-uranium-silver project in South Australia's outback by 8 December then it would lose all approvals and royalties concessions.

John Hick, lead independent director of First Uranium Corp, described demands from Olma Investment Group and other dissident shareholders received by the company Tuesday as "unrealisic".