NYMEX-U.S. crude ends shade lower, monthly decline sharp

US crude futures ended a choppy session slightly lower on Wednesday, slipping late as equities markets pared gains and as government data released earlier showing a big rise in crude oil stocks weighed on prices.

Reuters | August 31, 2011 | 9:38 pm

Australia’s Whitehaven shares fall after stake selldowns

Private equity groups First Reserve Corp and AMCI International have sold A$390 million ($416 million) worth of shares in Australian miner Whitehaven Coal , which failed to find a buyer for the company this year.

Reuters | August 31, 2011 | 3:36 am

Macarthur Coal backs sweetened Peabody, Arcelor offer

Australia's Macarthur Coal has backed a slightly sweetened A$4.9 billion ($5.2 billion) takeover offer from Peabody Energy and ArcelorMittal . Peabody and ArcelorMittal raised their offer by 3 percent to A$16 a share and will also add Macarthur's A$0.16 a share dividend, for a total offer value of A$16.16. Macarthur bowed to the higher offer after fending off four takeover attempts over the past three years.

Reuters | August 30, 2011 | 1:40 am

Plains plans Tuesday restart for Alberta pipeline

Plains All-American Pipeline plans to restart its Rainbow oil pipeline in Alberta on Tuesday now that it has final regulatory approval after a four-month outage, the company said. Alberta's energy regulator said last week the company could restart the 187,000 barrel a day pipeline provided it met a number of conditions, including operating the line at 75 percent of its maximum pressure. The pipeline has been down since late April, when it ruptured and spilled 28,000 barrels of crude in a wilderness area near a native community.

Reuters | August 29, 2011 | 6:49 pm

US review to find Canada pipeline impact ‘limited’ – report

The U.S. State Department's final environmental review of a proposed Canada-to-Texas oil pipeline will affirm an earlier finding that the project will have "limited adverse environmental impacts," The Washington Post reported on Wednesday.

Reuters | August 25, 2011 | 3:39 am

BHP plans rail line in threat to its biggest supplier

Global miner BHP Billiton is looking to build a new rail line between some of its inland Australian coal mines and the coast in a move that could threaten dominant coal haulage firm QR National, a newspaper said on Thursday.

Reuters | August 18, 2011 | 1:05 am

Eurasian Natural Resources Corporation announces interim dividend

Eurasian Natural Resources Corporation announced that the Board has approved a 2011 interim dividend of $0.16 per share amounting to $206 million, which will be paid on October 6, 2011, to shareholders on the register at the close of business on August

Reuters | August 17, 2011 | 8:37 am

Q+A-What happened to China’s power shortages

Earlier this year, China warned that it could be facing its worst electricity shortages in years and that blackouts and power rationing could dent the economy over the summer. Experts said China's fixed pricing system was eating into margins and

Reuters | August 15, 2011 | 8:46 am

Chilean miner Codelco sees higher profits in 2011

The world's top copper miner, Chile's Codelco, will likely post a bigger profit this year than in 2010, the chairman of the state-run company said on Friday.

Reuters | August 12, 2011 | 4:24 pm

METALS-Copper steady, caught between China and world economies

Copper steadied on Friday as prospects for stronger demand from top consumer China helped sustain prices, while a gloomy outlook for global economic growth and demand prevented gains.

Reuters | August 12, 2011 | 10:13 am

North America base metal miners sink, gold miners rise

Shares of North American base metal miners tumbled on Monday along with the price of copper, zinc, and nickel after the downgrade of the U.S. credit rating by S&P amplified fears of a global economic slowdown.

Reuters | August 8, 2011 | 3:52 pm

Pricking the carbon finance bubble

Hazel Henderson writes for Reuters, after the first year of the Dodd-Frank reform in the USA, the too-big-to-fail financial bubble still looms. Missed by Frank-Dodd are the obsolete fossilized asset allocation models and Rigged Carbon Markets. An explosive new report from Carbon Tracker shows how these errors in asset valuation have saddled stocks and sovereign bonds with unrealistically over-valued fossil fuel reserves. These coal, oil and gas deposits carried on company and government books as "assets" may actually prove unmarketable and worthless!

Reuters | August 5, 2011 | 1:46 pm

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