Vale adds to iron ore supply glut — second highest ever quarterly output
The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
"What is more disconcerting is that while investors have over the past few weeks appeared cautious of running too short on gold, this fear looks to have evaporated."
Humpback whales may be the main victims of Australia's thriving coal industry, according to a study published on the May issue of the Marine Ecology Progress Series journal.
Recent news that President Obama's re-election web page on energy policy didn't include coal on the list of "all of the above" energy sources sparked outrage in coal-producing states like Kentucky, Virginia, West Virginia, Ohio and Pennsylvania.
Canadian company Cameco, the world's largest uranium miner, has signed a deal to buy Nukem Energy, a German company that trades nuclear fuel products and services, for $136 million in cash plus debt.
Anglo Asian (LON:AAZ) shares were up 3% to 35 pence this morning on news that the government of Azerbaijan has approved the development of the group's second gold mine in the country, Gosha.
The Clean Mining Alliance (CMA), a Canadian a non-profit industry association based in Vancouver, BC, unveiled today its new association aimed at supporting and advocating technological advancements to make the mining industry cleaner and more environmentally responsible.
Australian mining billionaire Clive Palmer is threating to sue the Sydney Morning Herald, one of the most respected daily newspapers in Down Under, for $50 million over "totally false and improper claims" about his China First coal mine.
Junior miner Firestone Diamonds announced today it has found three large diamonds at its Liqhobong mine in Lesotho and that first quarter production at the location was looking up.