Athabasca Oil Corp. (TSX:ATH) confirmed Friday that it is in the preliminary stages of establishing a joint venture for two of its Alberta oil sands assets, but it declined to identify its partner.
Tibetan nomads in China's vast inland province of Qinghai have clashed with Chinese gold miners in attempts to defend a mountain considered sacred by local religious beliefs.
Qatar’s sovereign wealth fund has publicly said Friday it will vote against the mooted $70 billion merger between Glencore (LON:GLEN) and Xstrata (LON:XTA), which sent shares of both the Swiss commodity trader and the coal giant down the slope Thursday in London.
Iron ore prices hit the lowest level since November 2009 on Tuesday as the commodity crashed 4.6% closing at $94.80. The dive proved a drag for producers of the commodity, particularly companies investing heavily to expand their production capacity.
MMG (HSX:1208) CEO Andrew Michelmore says China's leadership transition later this year could put the brakes on overseas investment due to impeded decision-making by China's policy-making elite.