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Carpenter Technology to cut 200 jobs as weak oil prices hurt

By: Reuters     Updated 2 hours 14 minutes ago Alloys maker Carpenter Technology said on Tuesday that it will cut about 10% of its salaried workforce, or 200 jobs, to reduce costs amid weak oil and gas prices. The company, which makes corrosion-resistant stainless steel, nickel-base and titanium alloys used in onshore and offshore fields,... 

Scotiabank’s commodity price index rallies in February as oil and gas rebound somewhat

By: Henry Lazenby     Updated 2 hours 17 minutes ago The Bank of Nova Scotia’s ‘commodity price index’ rallied by 2.4% month-over-month in February, after falling in January to the lowest level since early 2007. The third-largest Canadian bank said on Tuesday its ‘oil and gas index’ rebounded in February, with Alberta light and heavy crude oil... 

Scotiabank’s commodity price index rallies in February as oil and gas rebound somewhat

Brazil's Petrobras will not sell distribution arm – board member

By: Reuters     Updated 2 hours 39 minutes ago Petrobras, Brazil's state-run oil company, will not sell its fuel distribution arm as part of its ongoing asset sale plan, company board member Silvio Sinedino said on Tuesday. In a live speech broadcast on Youtube, Sinedino said Aldemir Bendine, CEO of the company, officially Petroleo... 

Class action to proceed against Baja Mining

By: Henry Lazenby     Updated 2 hours 43 minutes ago London, Ontario law firm Harrison Pensa is proceeding with a class action under the Class Proceedings Act, 1992 against Baja Mining Corp, certain of its former directors and officers and the company's auditor, PricewaterhouseCoopers. The action alleged that during a period from November 1, 2010,... 

First Majestic completes new technical report for La Guitarra, Mexico

By: Henry Lazenby     Updated 3 hours ago Mexico-focused miner First Majestic Silver has completed a new Canadian National Instrument 43-101-compliant technical report on its La Guitarra silver mine, in Mexico, which validated the rrason the company ought the property from Silvermex Resources in 2012. President and CEO Keith Neumeyer... 

Atlatsa’s Bokoni mine achieves new production record

By: Megan van Wyngaardt Triple-listed Atlatsa Resources’ Bokoni mine, in South Africa, produced 194 036 platinum, palladium, gold and rhodium (4E) platinum-group metal (PGM) ounces in the 2014 financial year – a 13.9% increase on the 170 295 oz produced the year before. This was also the mine’s highest production since... 

DoE outlines next nuclear steps as it completes ‘pre-procurement phase’

By: Terence Creamer The Department of Energy (DoE) announced on Tuesday that the pre-procurement phase for South Africa’s proposed roll-out of a nuclear new build programme had been completed, following the latest in a series of workshops with vendor countries and their companies. Consultations had been held with... 

DoE outlines next nuclear steps as it completes ‘pre-procurement phase’
South Africa's only nuclear plant, Koeberg

Ncondezi receives extension from EdM

Aim-listed energy provider Ncondezi Energy has been granted an extension for meeting certain conditions relating to the conditional commercial deal signed between it and Electricidade de Moçambique (EdM) for its 300 MW power plant. Ncondezi was establishing an integrated thermal coal mine and... 

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