Three weeks after SouthGobi Resources' $925 million deal with Chalco, the Government of Mongolia told SouthGobi that it had to suspend exploration and mining activity on certain licenses.
While Silicon Valley maybe a center of the environmental activism, Greenpeace issued a report on Tuesday accusing IT companies of setting up data centers in the eastern United States where power is cheaper and dirtier.
Denison Mines (NYSEAMEX:DNN) was up 14.69% to $1.64 on Tuesday after announcing Energy Fuels Inc. (TSE:EFR) will acquire all its mining assets and operations located in the United States in exchange for 425.44 million common shares of EFR.
Oil sands producer, Nexen Inc. (TSX, NYSE: NXY), said it received regulatory approval to proceed with development of pads 14 and 15 at Long Lake and the Kinosis 1A area.
Toronto fund manager, John Oliver, had his head shaved today after wagering four years ago that gold would hit $2,000/oz. Oliver, who works for Sprott Asset Management and said he would get his hair shorn if the prediction didn't pass, made the bet on April 16, 2008 when gold was $920/oz.
About 40-minutes’ drive beyond a seaside resort town in Mexico, past tomato, mango and orange farms, Westridge Resources has optioned an 11,000 ha property. The Charay project (pronounced "cha-rye") is a gold/silver epithermal system.
China, the world's biggest consumer of coal, said that the gross domestic product came in at 8.1% in the first quarter, the lowest figure in three years.
While gold's primary use these days is a hedge against Europe going belly up or paper currency becoming debased, researchers at MIT found that a little gold added to copper can also act as a strong catalyst and convert carbon dioxide into methane or methanol.
Hitachi has built an 11-kilowatt motor that uses no rare earth materials. The motor took four years to develop, and commercial production is expected in two years.
