Gold bug psychology must be neutered

A highly anticipated National Academy of Sciences report on uranium mining concluded Monday that Virginia must overcome "steep hurdles" before it can assure that a rich deposit of the radioactive ore can be safely extracted and processed.

A feasibility study released Wednesday for the Ajax copper-gold project estimates the capital costs at $795 million.

Imperial Oil is spending close to $9 billion to expand its 71%-owned Kearl Oil Sands Project.

The gold price rose above $1,640/oz on Wednesday after better-than-expected take up by European banks of ECB-tendered cheap loans, easing fears of a credit crunch.

Shares in the Thai steelmaker fell sharply on Wednesday after ArcelorMittal pulled out of a deal to buy a 40% stake in it.

A California company says it has discovered a new way to make liquid fuel from coal without consuming water or producing carbon dioxide.

Anglo American (LON:AAL) has increased the capital expenditure budget for its largest project in development, the Minas-Rio iron ore mine in Brazil, by 15%, the London-listed major miner announced on Tuesday. That takes the capex for the project up to US$5.78 billion.

Peregrine Diamonds Ltd. ("Peregrine" or "the Company") is pleased to report that it has entered into a binding agreement with BHP Billiton to purchase BHP Billiton's 51 percent participating interest in the 8,580 square kilometre Chidliak diamond project ("Chidliak" or "the Project"), Baffin Island, Nunavut, Canada.

Peabody Energy (NYSE: BTU) today announced that it has completed the acquisition of all outstanding shares in Macarthur Coal Limited and holds 100 percent of the company.