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UAE's Dubal Holding looks into buying stakes in energy projects

By: Reuters     Updated 10 minutes ago Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday. The firm was looking for equity interests related to coal, solar, gas, and other alternative... 

UAE's Dubal Holding looks into buying stakes in energy projects

Vale taps Barclays to advise on Australian asset sale – sources

By: Reuters     Updated 1 hour 13 minutes ago Brazil's Vale has chosen Barclays to advise it on the sale of some or all of its Australian coal assets, two people close to the situation said on Monday, as the company looks to raise money to ride out the commodities rout. 

Mongolia signals it will not pay $100m to Canadian miner

By: Reuters     Updated 1 hour 18 minutes ago Mongolia signalled on Monday it will not abide by an international tribunal's order to pay more than $100-million to Canadian uranium explorer Khan Resources. A decision not to pay the sum, awarded to Khan in a incensing dispute, could set back efforts by the government of the landlocked Asian... 

Mongolia signals it will not pay $100m to Canadian miner

U3O8 Corp forms local partnership on concessions next to Argentina project

By: Henry Lazenby Canadian uranium explorer U3O8 Corp has signed an exploration agreement with the provincial petroleum and mining company of Chubut province, Argentina, which would allow it to explore properties located next to its own Laguna Salada uranium deposit. Should it succeed to define resources on the... 

Southern Copper reports lower Q1 profit as river spill clean-up costs mount

By: Henry Lazenby Mexican mining giant Grupo Mexico subsidiary Southern Copper has reported a 12.7% slide in profit for the three months ended March 31, as expenses related to the Sonora river spill last year impacted the bottom line. The NYSE- and BVL-listed miner reported net income of $282.4-million, which was... 

Southern Copper reports lower Q1 profit as river spill clean-up costs mount

Peru says it could ask for changes to Southern Copper project amid protests

By: Reuters Peru's energy and mines minister said on Friday the government could ask Southern Copper to make further changes to its $1.4-billion Tia Maria project if needed after protests by farmers turned deadly this week. Rosa Maria Ortiz said the government was focused on restarting talks with opponents... 

Energy adviser slams Eskom

By: Kim Cloete South African mining and energy adviser Ted Blom has raised a litany of concerns about the state of power utility Eskom and has warned of runaway costs and shortfalls in coal and water, as well as rail capacity. Blom was surprised by the recent buoyancy shown by Eskom acting CEO Brian Molefe, who... 

Energy adviser slams Eskom

Drilling kicks off at Burkina Faso gold project

By: Natasha Odendaal Canadian exploration company Savary Gold has started a 15 000 m drill programme at its Karankasso project, in Burkina Faso. The project was a joint venture between Savary and West Africa-focused gold explorer Sarama Resources. 


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