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Canada Mining Exploration Company Shift Away From Metal Mine Exploration to Coal Mine Exploration
Canada’s biggest diversified mining company has made a major shift away from metals to coal.
Teck Cominco Ltd.’s $14-billion (U.S.) offer for Fording Canadian Coal Trust – the largest coal sector deal in history – amounts to a major bet by Teck on continued strength for the commodity, which is used to make steel and is [...]
Forget About the Gold Price Today Stay Focused on the Long-Term
Sometimes it pays to step away from the daily gold stock price action and remind ourselves why we are in a MASSIVE Gold Bull Market.
The Dollar Index (a trade weighted index of the US Dollar vs. other major currencies) is dangling off a cliff.
There is nothing but fresh air under 80. Never in the history [...]
Marathon Oil Ranks No. 30 on the 2007 Fortune 500
Marathon Oil (MRO (Charts, Fortune 500)) ranks no. 30 on FORTUNE’s list of America’s largest corporations.
The Houston, TX-based company was ranked No. 23 on the 2006 list. Its 2006 revenues were up 2.9 percent from the previous year; profits were up 72.6 percent from the previous year.
Other companies in the Petroleum Refining sector on [...]
Separation of Halliburton, KBR Subsidiary Is Complete, Officials Say
The separation of Halliburton Co. and its subsidiary, KBR Inc., has been completed, officials announced Thursday.
The separation process between the oil services company and KBR, its engineering, construction and government-services arm, began in 2005.
KBR had been a Halliburton subsidiary for 44 years.
Goldman, Deutsche Bank Say Double Down on Commodities (Update1)
Anyone who followed the advice of Goldman Sachs Group Inc. last year and invested $10 million in the Goldman Sachs Commodity Index would have lost 15 percent, or $1.5 million.
Like so many of Wall Street’s best and brightest, Goldman, the biggest securities firm by market value, says it wasn’t wrong, just early, and to expect [...]
$5 Billion Award Ruled Excessive : Damages Are Halved in Exxon Valdez Oil Spill
A federal appeals court on Friday cut in half a $5 billion jury award for punitive damages against Exxon Mobil in the 1989 oil spill that smeared black goo across 1,500 miles of Alaskan coastline.
The case, one of the nation’s longest-running noncriminal legal disputes, stems from a 1994 decision by an Anchorage jury to award [...]
Size Really Does Matter: In the Case of Uranium Stocks, Smaller May Be Better
James Finch submits: In light of TradeTech’s December 15th announcement of the largest percentage increase of the weekly spot uranium price in history, the brewing kettle of some 300-plus uranium companies could quickly boil over. Multiple uranium buyers offered more than $70/pound for a modest amount of uranium oxide [U3O8] auctioned by Mestena LLC. The [...]
Natural resources minister keen on one-office mining project approvals
He might have been joking when he offered to blow up the Department of Fisheries and Oceans, but federal Natural Resources Minister Gary Lunn says he’s serious about streamlining the process of approving new mining projects.
The Vancouver Island MP told the B.C. Association for Mineral Exploration on Friday he’s committed to a timely, one-stop regulatory [...]
Record energy prices may be near
Analysts at a Denver energy conference say BP’s shutdown of an Alaska oil field will raise prices at least temporarily.
The shutdown of the United States’ largest producing oil field is likely to send near-record energy prices into uncharted territory.
Analysts said the closure of BP Plc’s Prudhoe Bay oil field in Alaska will spook the already-nervous [...]
