Brent Crude Price Falls Below $28 a Barrel

The price of a barrel of Brent Crude has fallen below $28 for the first time in around 12 years, as the price briefly hit $27.67 on the morning of Monday 18th January 2016, before recovering slightly. The price drop has been put down to the recent lifting of sanctions on Iran which are likely … Read more Brent Crude Price Falls Below $28 a Barrel

Bolivian Government Makes Assurances Over Mining Nationalisation

Coeur d’Alene Mines Corporation has insisted that it has assurances from the government of Bolivian President Evo Morales that its silver mine at San Bartolomé will not be nationalised following an announcement from the South American leader that mines would taken into state ownership. Coeur d’Alene Mines Corporation and Pan American shares dropped following the … Read more Bolivian Government Makes Assurances Over Mining Nationalisation

Aussie Bet on Rare Earth Demand Pays Off

Rare Earths are 17 chemically similar elements that are increasingly being used by manufacturers of flat screen tvs, ipods, computer systems, and sonar systems, that include neodymium, cerium and lanthanum. An Aussie businessman Nick Curtis is seeing his bet on the rare earth market begin to pay off handsomely, with his Lynas Corp rare earth mine … Read more Aussie Bet on Rare Earth Demand Pays Off

BHP Billiton Bet on US gas prices increasing – plans to buy Chesapeake Shale Assets

In what may become a stroke of corporate brilliance, or a gamble, BHP Billiton today announced it will purchaseChesapeake Energy Corps Arkansas shale gas assets for $4.75 billion in cash. In a bid that US gas prices will continue to increase over the mid term, the move will see BHP’s US gas and oil reserves … Read more BHP Billiton Bet on US gas prices increasing – plans to buy Chesapeake Shale Assets

Fortescue (FMG) Profits surge, Pays Shareholders First Dividend

One of Australias largest, and most talked about mining companies, Fortescue, have today reported a massive 628% increase in first half profits on the previous reporting period. Consequently, a maiden dividend to shareholders has been annoucned at 3 cents per share. First half net profit increased to $US314.1 million ($311.2 million), up 628 per cent … Read more Fortescue (FMG) Profits surge, Pays Shareholders First Dividend

BHP Billiton Profit Rises 72%

On the back of commodity price rises, BHP Billiton, the worlds largest mining company, today announced a massive 72% rise in profit for the first half of the financial year. As a consequence shareholder returns have increased dramatically, from 188.6 cents per share for the 6 months to December 31st 2010, up from 109 cents … Read more BHP Billiton Profit Rises 72%

Lanzatech Signs Deal with Henan Coal for Biofuel

At the beginning of September 2010, LanzaTech and Henan Coal and Chemical Industrial Corporation (HNCC) signed a deal in Zhenzhou, China, regarding the use of coal to produce ethanol fuels and chemical products. Coal gasification and LanzaTech’s biological fermentation process will be used to produce 2,3-Butanediol (2,3-BD) – a key building block in the production … Read more Lanzatech Signs Deal with Henan Coal for Biofuel

Australia: Mining “Super-Tax” to be Introduced in July 2012

The Australian government is planning to introduce a 40% tax on profits of natural resource extraction in the Antipodean state. Taking effect from 1st July 2012, the tax will apply after allowing for extraction costs and recouping capital investment. Companies will also not pay the Resource Super Profits Tax until after they provide shareholders with … Read more Australia: Mining “Super-Tax” to be Introduced in July 2012

Jade Art Group Full Year Financial Results

Jade Art Group, an exporter of raw jade from China, has announced decreased profits in the year to December 2009. The company transports the semi-precious stone for use in construction and high-end jewellery. The key figures were as follows: Revenue of $25.3 million represents a 17% decrease from $30.5 million in 2008. Gross profit was … Read more Jade Art Group Full Year Financial Results

TSX:KRI & Mongolia: President Suspends Issuance of New Mining Permits

The Mongolian President, Elbegdorj Tsakhia, ordered all new mining permits and transfers to be halted in Mongolia until a new law can be passed to prevent attempts to “exert pressure on and influence our sovereign policies.” The President issued the decree on 23rd April 2010 and criticised the culture of unlawfulness which dogs the mining … Read more TSX:KRI & Mongolia: President Suspends Issuance of New Mining Permits