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Latest Stories

Coal is an energy drink?

The Renewable Energy Accountability Project has developed some hit and miss advocacy ads. The latest attempt at producing a viral video takes aim at coal. Renewable Energy Accountability Project is lobbying for greater use of renewable energy sources.

What happened at Bougainville

SBS World News Australia reports that Bouganville copper mine, one of the world's largest deposits of copper, could open if past combatants could be fairly compensated. The report also alleges new complicity in the conflict that cost the lives of around 15,000 to 20,000 people. The open pit mine was established in Papua New Guinea in the early 1970s by Bougainville Copper Limited, a subsidiary of Rio Tinto. While operating, it accounted for 20% of the country's national budget.

Pebble Mine gets referendum results on Tuesday

Northern Dynasty's proposed Pebble Mine hears from local residents on Tuesday when the results of a referendum will be announced. Residents in southwest Alaska, the Lake and Peninsula Borough, are being asked to ban the granting of mine permits that could significantly impact salmon streams. While a successful referendum would be a set back to Pebble mine, the referendum results are not the last word. It is one of many decision points that the mine has to face. Regulatory bodies, the judiciary and other levels of government still have to weigh in.

Only a handful of rare earth mines will emerge outside of China: conference

Only four to six new producers might emerge outside of China to serve the demand for rare earth metals over the next five to ten years, according to analysts at a rare earth conference in China. The Metal-Pages(TM) Minor Metals and Rare Earth Conference was held in Beijing, China on September 13-17, 2011. The main reason cited for so few mines is the relatively small demand for rare earth metals outside of China. Most of the major electronic manufacturing resides within China.

Substition hurts rare earth demand

Subsitution is driving rare earth demand down, according to analyst Dudley Kingsnorth speaking at an industry conference in China. Kingsnorth is executive director of Industrial Minerals Company of Australia. Dudley told the Metal-Pages(TM) Minor Metals and Rare Earth Conference in Beijing last September that he is dropping projected demand of rare earth oxide per annum to 170,000 tonnes from a previous forecast of 195,000. For example manufacturers of rechargeable batteries may start using lithium ion materials instead of a nickel-metal hydrid, which uses the light rare earth lanthanum.

Arch Coal lowers guidance, stock declines 5%

Arch Coal (NYSE:ACI), one of the world's top five coal producers, declined 5.14% on Friday after lowering guidance. Arch Coal expects earnings to be $900 million to $1.0 billion range and adjusted earnings per diluted share to be in the range of $1.00 per share to $1.40 per share. "The reduction in earnings guidance resulted largely from lost metallurgical coal production at the Mountain Laurel complex," said the company in a statement.

How to mine 1,600 meters underwater

Nautilus Minerals (TSE:NUS), a Toronto-based miner seeking to extract minerals from the ocean floor, uploaded some multimedia showing how it will mine the sea floor. The company is exploring for copper, gold, silver and zinc in seafloor massive sulphide (SMS) deposits, equivalent to land-based volcanogenic massive sulphide deposits such as Kidd Creek in Canada. The company's main focus is Solwara 1 Project, located off Papua New Guinea in the western Pacific Ocean. The mineralised zone is about 1.3 km long and up to 200 m wide. It has been drilled up to depths of 19 m below the seafloor. Water depth is approximately 1600m.

Cameco expects to hire 70 full-time workers for Gas Hills project

KTWO reports that Cameco plans to hire 70 full time workers for its in-situ Gas Hills project in Wyoming. Cameco is currently waiting for its environmental assessment from the Bureau of Land Management before it begins work. It expects to receive clearance and begin work by 2013. Gas Hills is estimated to have total proven reserves of 10.6 million lbs of U3O8.