Other Commodities
South American countries are fearing a negative impact from a Biden presidency
Much has been said about the energy policy of President-elect Joe Biden and the negative impact on the US oil industry, which is grappling with a global oil glut and significantly lower energy prices. This is in stark contrast to outgoing President Trump's …
Peru might be revoking Canadian mining licenses
The Peruvian Department of Energy and Mines is working on a report aimed at overturning a number of decrees that have granted Nuevo Arcoiris S.A.C, a subsidiary of Canada's Tesoro Minerals Corp (TSXV: TES), certain mineral exploration rights. The report is …
Researchers turn coal into graphite - in a microwave
An international team of researchers has shown that pulverized carbon powder can be converted into high-quality nano-graphite in just 15 minutes. In a study published in the journal Nano-Structures & Nano-Objects, the scientists explain how they created an …
Oil prices fall amidst new lockdown fears
Prices fell as much as $ 1 a barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns around the world, as well as a stronger US dollar. Brent was down 57 cents, or 1%, at $ 55.42 a barrel around 1205 GMT after …
Lucapa Diamond announces find of 113 carat diamond
Lucapa Diamond (ASX: LOM) said today that its 17th +100 carat white diamond is from its Lulo alluvial mine in Angola. Lucapa said the 113 carat white gem quality stone is the 1st + 100ct diamond that was mined from mine block 46, immediately downstream of the …
Force Majeure responsible for MMG contract issues in peru
MMG said Thursday that transportation was temporarily suspended due to roadblocks by local residents near its Las Bambas copper mine in Peru, forcing the company to declare force majeure for some supply contracts. "Based on the current Las Bambas schedule, …
Copper Growth Stock offers strong potential in a market with supply deficit
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Norwegian Supreme Court gives the Go for arctic drillings
The Norwegian Supreme Court on Tuesday dismissed a lawsuit by environmental groups that had sued Norway five years ago for opening up areas in the Arctic for oil drilling by 11-4. In 2016, environmental organizations, including the Norwegian section of …
Labour Union accuses Maduro of foul play
A senior representative of the Venezuelan oil workers' union has accused the government of political persecution, the AFP reports, citing an interview with the official who has since left Venezuela. "The idea is to neutralize the oil union movement by force," …
Mexico is shutting its oil industry for foreign investors
Mexico kept its borders closed to foreign oil interests for nearly 80 years, with the state-owned Petroleos Mexicanos (Pemex) being the only company allowed to drill for gas on Mexican territory. In 2017, then-President Enrique Peña Nieto opened Mexico's …