Other Commodities
Argonaut will be drilling for copper in South Australia despite protests
Mining company Argonaut Resources is preparing to begin drilling for copper on the shores of Lake Torrens in South Australia next week, it announced on Friday - against the declared will of local Aboriginal groups. The drilling for the Murdie project should …
First Majestic Silver takes over gold mine in Nevada
First Majestic Silver (TSX: FR) (NYSE: AG) is acquiring the Jerritt Canyon gold mine in Elko County, Nevada from Sprott Mining for $ 470 million in shares and five million share purchase warrants. As part of the deal, Sprott Mining President Eric Sprott will …
Colombia will continue to subsidize its coal industry for decades
The world's fifth largest coal exporter, Colombia, is confident that continued demand for coal in Asia will warrant the Colombian government's support for the industry for at least two more decades, even after Glencore said it would give up its mining …
Plans for new British coal mine on hold
Plans to build the UK's first new deep coal mine in three decades are under public scrutiny after pressure from climate officials saying the project would "increase global emissions." Prime Minister Boris Johnson's government halted development of West Cumbria …
Shell increases profits from oil business in 2020
Shell doubled its profit in trading crude oil and refined products in 2020 from 2019, with trading offsetting some of the negative effects of the collapse in refining margins and fuel demand during the pandemic. Shell's detailed 2020 annual report this week …
There is a coming bull market for oil stocks
If you thought the bull market was all made up of speculative tech stocks, cryptocurrencies, and electric car companies, then you should change your mind. By far the strongest sector in the S&P for 2021 is the energy sector. The price of crude oil has …
Peru´s mining minister promises a new copper production record
Peru's copper production could hit a record 2.5 million tons in 2021, well above the 2.15 million tons produced last year, Energy and Mining Minister Jaime Gálvez said Tuesday. Gálvez said recent mine expansions would help the world's second largest copper …
Saudi Arabia to increase security around its oil facilities
Saudi Arabia will take steps to deter attacks on its oil facilities, its foreign minister said Wednesday after an attack on the heart of industry earlier this week by the Iranian-allied Houthi movement in Yemen. Prince Faisal bin Farhan Al Saud said at a press …
New US Energy Secretary wants to shift strategic focus on energy metals
US Secretary of Energy Jennifer Granholm said Tuesday that the United States must ramp up domestic production of minerals for making electric vehicles as long as it is done in a sustainable manner. The United States has been trying to wean its automotive …
New York will be home to one of the world´s largest hydrogen production plants
New York State continues to be one of the frontrunners when it comes to meeting the world's great need for green energy. This time around, the state is partnering with Plug Power Inc. (NASDAQ: PLUG), a move that will prompt the company to expand its green …