The Republican Party's 2012 Party Platform says it will 'rein in the EPA' in the pursuit of domestic energy independence and push for the development of coal, oil and natural gas reserves as well as nuclear energy.
BHP Billiton (LON/ASX/NYSE:BHP) took Monday another step away from resource expansion in Australia, particularly in the uranium sector. The world's number one miner announced it's selling one of the country's largest undeveloped deposits of the yellow element to Canadian Cameco (TSX:CCO) (NYSE:CCJ) for $430 million.
The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries cutting costs.
Marius Kloppers, CEO of mining giant BHP Billiton, has decided to waive his annual bonus in light of a recent forecast in which BHP's revenues are projected to drop 38%
A study undertaken by the UN on the impact of the global resources sector on the world's indigenous communities is set to make the Australian mining industry an area of focus.
US appeal court judges have ruled that a case seeking a resumption of licensing work for a nuclear waste repository at Yucca Mountain will be put on hold, despite agreeing that the Nuclear Regulatory Commission cannot legally give up work on the application.
Two of the German reactors ordered to shut after Fukushima will be dismantled as soon as possible. EnBW has applied for permission to do the work and said it has more than enough funds set aside.
The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80 billion less that at its peak.