August 19, 2011

Batista’s MPX in negotiations for Colombian coal contracts

MPX Energia SA, the energy company controlled by Brazilian billionaire Eike Batista, is negotiating supply contracts to sell coal from its Colombian unit as it prepares to start production by…

August 19, 2011

Backwardation possible if Chavez takes gold delivery

If President Hugo Chavez of Venezuela actually takes delivery of an estimated 10 metric tons of gold, there could be an unusual development of backwardation in the futures markets, says…

August 19, 2011

Rusoro unfazed by Chavez nationalizing gold industry

Toronto-listed miner Rusoro appeared unfazed on Thursday by President Hugo Chavez's move to nationalize Venezuela's gold industry, saying it believed the decision only targeted illegal miners.

August 19, 2011

Venezuela faces logistical, security nightmare flying back 17,000 gold bars

While Venezuela President Hugo Chavez may have little to gain from seizing the half he did not already own of the only private gold miner left in the country, bringing…

August 18, 2011

Great Panther leaps after finding buyer for its stockpiles

Great Panther escaped the mayhem on the markets and ended Thursday up 3.6% on the TSX after announcing it shipped 100 tonnes of silver-gold pyrite concentrates from its Guanajuato operation…

August 18, 2011

Catalyst Copper closes private placement

Catalyst Copper Corp. announce Friday that it has closed its previously announced non-brokered private placement of 20,200,000 common shares of the Company at a price of $0.105 per share for…

August 18, 2011

Anglo American share of Cerrejon expansion approved

Anglo American on Thursday said the $1.3 billion expansion of Cerrejon, its 33% owned coal mine in La Guajira, Colombia, has been approved.

August 18, 2011

Expansion of Cerrejon Coal: BHP to spend US$437 million

BHP Billiton today announced approval of a US$437 million (BHP Billiton share) investment to expand the Cerrejon Coal mine in La Guajira, Colombia. BHP Billiton’s investment represents one third of…

August 18, 2011

Poor iron ore supply affects production of steel – Sidor

Workers at Alfredo ManeiroSiderurgica del Orinoco or Sidor have expressed concern at the low supply of iron ore and poor quality of the input by Ferrominera Orinoco. Through a statement,…

August 18, 2011

Billionaire Chile president’s pet coal project could be his final undoing

Chile is proceeding with a massive coal mine on an island in Patagonia near the southern tip of South America despite a high-profile viral video protest campaign and accusations that…