Volatility in New Zealand’s sharemarket came home to roost for coking coal mine producer Pike River Coal whose dream share run came to abrupt halt yesterday after gaining nearly 50% in value in the past month.
Pike River shares have steadily risen 48%, from $1.67 on May 30 to trade around $2.47.
However, yesterday they fell more […]
Long dominated by a small group of local players, Canada’s potash industry has become red hot, as soaring prices have begun drawing both top mining companies and small exploration firms to the vast resources buried deep under the western prairies.
Used as a key ingredient in fertilizer, demand for potash has soared along with grain prices, […]
SHELL Global Solutions, the technology arm of oil giant Royal Dutch Shell Group, is committed towards developing technology to meet the region’s energy challenge.
Vice-president (Asia-Pacific) Lee Tzu Yang said the market had no other option but to boost efficiency in order to cope with increasing production costs triggered by escalating oil prices.
“That’s where our technology […]
Australia’s Newcastle port is assessing whether to lift restrictions on ship movements as the world’s biggest coal-export harbor faces a second night of high seas and strong winds.
Ships off the coast are experiencing winds of 30 kilometers an hour (18 miles an hour) and seas of up to 6 meters, according to a government statement […]
Australia said no Chinese companies have been told to withdraw applications to buy into Australian resource firms, despite media reports Canberra was pressuring China to back away from such investment.
China’s miners and steelmakers are looking to buy mining assets in Australia to lock in supplies of raw materials such as coal and iron ore to […]
Democrats Barack Obama and Hillary Clinton are walking a delicate line as they promise to aggressively tackle global warming while trying to assure voters that they continue to believe in the future of coal.
In states like Pennsylvania, where voters will cast ballots this Tuesday, and in West Virginia, Kentucky, Indiana and Montana — upcoming primary […]
GAIL (India) Limited, India’s top natural gas company, will set up a joint venture with China Gas Holdings Limited through its overseas arm, GAIL Global Singapore, to increase its investment in China, an executive from the company disclosed.
It would be a 50:50 JV and incorporated in either Hong Kong or Bermuda. Three projects will […]
A key rebel leader in Sudan’s troubled Darfur region has singled out oil companies as military targets, particularly from China, posing a threat to the Asian nation’s crude imports and adding to the mounting challenges it faces over its involvement in Africa.
In a face-to-face interview with Dow Jones Newswires, Abdelwahid Nur, head of one of […]
BHP’s (BHP.AX) proposed bid for rival Rio Tinto (RIO.AX) and the rise of emerging market players, particularly China, will force further consolidation in metals and mining, industry experts told a conference this week.
At least three more transactions worth over $50 billion are likely by June, Ernst & Young’s Partner in Charge for Global Mining and […]
Two companies have signed a historic agreement that will apply leading edge American technology to solving China’s number one challenge - the pollution from coal-fired power plants, factories and household use. Clean Coal Technologies, Inc. (CCTI) of Florida, USA will join with Shanxi Poar Group, headed by CEO and General Manager Mrs. Guo Lihua, to […]