China sets spy trial date for Rio Tinto executives

Four Rio Tinto executives facing spying and bribery charges in China will go on trial in Shanghai on Monday with part of their hearing held in secret, the Australian government confirmed yesterday. The Anglo-Australian mining giant refused to comment

Modular increases productivity at open-pit gold operation in Krygz Republic

The Kumtor gold mine in the Kyrgz Republic has implemented Modular Mining’s IntelliMine® suite of products into its operation. The installation includes the DISPATCH® mine management system, the MasterLink® wireless network, the PowerViewTM reporting software suite, as well as interfacing with the VIMS® system on Caterpillar haul trucks. All of these were selected to assist [...]

Yukon-Nevada Gold reports successful test of mercury recovery and control technology

Yukon-Nevada Gold achieved positive results with recent stack tests at its wholly owned subsidiary Queenstake Resources’ Jerritt Canyon gold mine, near Elko, Nevada. The developing mercury recovery and control technology there has produced positive results. Six stack tests, conducted by an independent contractor, all showed mercury levels at approximately 50% and SO2 levels of less than 2% of the [...]

Liepert disagrees with Pembina report

A report suggests that companies going deep underground to get at oilsands deposits have a wide range of environmental performance. The report's author, Simon Dyer of Edmonton's Pembina Institute, says the differences show that government rules aren't

Verderflex exports hose pumps to Morocco

Verderflex has exported 30 of its VF hose pumps to Morocco. Verderflex has exported 30 of its VF hose pumps to Morocco.

AVX adds 85VDC varistor to Transguard Series

AVX has expanded its multilayer Transguard Series to include an 85VDC rating in a 1210 case size.

Hu to face trial as Rio boss visits China

Australian national Stern Hu is charged with giving and receiving bribes. [Rio Tinto: Supplied] Stephen McDonell, China correspondent It has been eight months coming, but the detained executives from Rio Tinto's Shanghai-based iron ore negotiating team

Australian Taxation Office Mulls Appeal Against BHP Billiton Ruling

MELBOURNE -(Dow Jones)- The Australian Taxation Office said Thursday it is still considering whether to launch a fresh appeal after losing the latest round in its long-running A$2.2 billion tax dispute with mining giant BHP Billiton Ltd. (BHP.AU). The

OPEC Baghdad Symposium Would Take Place In Oct-Iraq Governor

VIENNA -(Dow Jones)- A symposium of the Organization of Petroleum Exporting Countries in Baghdad would take place in October instead of coinciding with OPEC's 50th anniversary in Sept, Iraq's OPEC governor said Wednesday. In a press statement closing a

BHP victory in $2.2bn tax case

THE taxman has lost an appeal in a $2.2 billion tax case against the financial arm of mining giant BHP. One judge said businesses would have been put "in a torturous straightjacket," if the ATO had won. The long-running case relates to two bad debts that

'Furious' China confronts Pilbara merger

CHINA has taken the advice of former Australian competition tsar Allan Fels that it has the right to investigate and challenge the $US116 billion ($126bn) merger between Rio Tinto and BHP Billiton's Pilbara iron ore operations. China, as the world's

Ex-Yahoos Launch A New Data Mining Company (YHOO)

Ex-Yahoos Bassel Ojjeh and Krishna Uppala today launched nPario , a data mining company that promises to increase 'insights into customer behavior.' Bassel Ojjeh was a SVP Strategic Data Solutions at Yahoo, and left the company in October. He is CEO

Shares open up on strong Wall St

THE share market has risen in opening trade, after US stocks closed higher for a seventh straight session. At 10.15am AEDT the benchmark S&P/ASX200 index was up 8.5 points, or 0.18 per cent, at 4861.7, while the broader All Ordinaries index had risen 8.8

Iron Ore Recovery Business to Pay $138,016 Civil Penalty for Unpermitted Discharges, Dredging in Washington County, Mo.

Environmental News

BHP BILLITON WARNS WORLD GOVTS ON WITHDRAWING STIMULUS

The world's largest resources company plans to spend about A$20 billion (US$18.46 billion) on capital expenditure next year, BHP Billiton chairman Don Argus said in his final letter to shareholders before his retirement on March 30. "We remain cautious

Pinnacle's Silver Coin at 24.7 Mt of 1.19 g/t Au M+I

Pinnacle Mines Ltd. has revised its Dec. 30, 2009, NI 43-101 preliminary economic assessment report for its Silver Coin gold project located near the town of Stewart, in northwestern British Columbia. The revised technical report prepared by the

OPEC ministers keep output unchanged

VIENNA: OPEC ministers agreed not to change oil output targets they are already exceeding, anticipating that demand will pick up later in the year to mop up extra barrels the producers may pump. But with economic recovery still fragile as powerhouse

Rain still hampering coal supply chain

The company that oversees the coal supply chain to the Dalrymple Bay terminal in central Queensland says wet weather continues to affect operations. The speed limit for trains across the Goonyella supply chain network has been dropped by 20 kilometres

UPDATE 1-BHP confident can seal iron ore jv with Rio in 2010

MELBOURNE, March 18 (Reuters) - Global miner BHP Billiton said it expects to finalise its iron ore joint venture with Rio Tinto this year and took a swipe at a plan being considered by Australia to hike taxes on miners. 'It is imperative that the impact

BHP Billiton: Remains Cautious About State Of Global Economy

Dow Jones Newswires SYDNEY -(Dow Jones)- BHP Billiton Ltd. (BHP) outgoing Chairman Don Argus said Thursday he remained cautious about the state of the global economy, as countries face the difficult task of winding back stimulus measures. Argus, in

Huge Opec upstream investment needed, says IEA

From Petroleum-economist.com: The world is cutting down on carbon emissions, but it will continue to rely heavily on Opec oil. Opec must invest in new production capacity, says the IEA. Oil demand is unlikely ever to reach 105m barrels a day (b/d),

OPEC may not need to act as market tightens - Saudi

From Reuters: Oil demand is picking up and that could mean OPEC does not need to take any further action on supply this year, the group?s biggest producer Saudi Arabia said as ministers prepared to rubber stamp existing outpaced targets. ?We have been

Fund flow into gold, commodities continue

From Commodityonline.com: Commodity prices may see a mixed bag this week. Gold and silver have some upward momentum, and could move higher after some rocky price experiences last week. Petroleum prices meanwhile may well decline over the coming week, as

Australian Stocks Rise as Japanese Futures Are Little Changed

March 18 (Bloomberg) -- Australian stocks rose as higher prices for oil and metals boosted commodity companies, while Japanese index futures were little changed. Rio Tinto Group, the worlds third-biggest mining company, gained 0.5 percent in Sydney as

No plan to up coal royalties: Fraser

Queensland Treasurer Andrew Frawer says he has no plans to increase coal royalties in this year's state budget. The chief executive of the Queensland Resources Council (QRC), Michael Roche, is urging the Government to honour its election promise not to

Rudd urged to do more to help Stern Hu (AAP)

A federal coalition MP has called on the prime minister to do more for Australian businessman Stern Hu, who faces trial in China on charges of receiving bribes and infringing commercial secrets.Authorities have announced the Rio Tinto mining executive's

Energy position takes McQueen to Europe

Petroleum and Energy, The CEO of the Carbon Capture and Storage Association in England, the International Trade's Oil Sands Advocacy Group and a host of Canadian ambassadors. McQueen will also get the chance to visit a carbon capture and storage site in

Michigan’s top farm commodities for 2008

Michigan’s top 15 agricultural commodities in cash receipts in 2008, the most recent year available: 1. Milk, $1.49 billion 2. Corn, $1.2 billion 3. Soybeans, $714.8 million 4. Floriculture, $633.5 million 5. Cattle and calves, $384.9 million 6.

Promoting African Commodity Exchanges

(New York) In April 2008, Ethiopia's first commodity exchange was established in a country where only a third of the agricultural produce reached the market. The Ethiopia Commodity Exchange (ECX) was created to provide security and visibility for the

EIP Report: Electric Power Industry 'Not Making A Dent' in Dangerous Mercury Pollution, Which Rose at Over Half of the Nation's 50 Dirtiest Power Plants

More than half (27) of the nation's 50 worst power plants for mercury emissions increased their mercury emissions from 2007 to 2008 (the latest year for which data is available), according to a new report from the nonprofit and nonpartisan Environmental

Shell oilsands project up $600M

The cost of Shell's Athabasca oilsands expansion project has climbed by $600 million this year to $14.3 billion, but much of the increase in being blamed on a higher Canadian dollar. Chevron Corp., one of

Analysis shows Borneo can say 'no' to coal power

Plans for a coal power plant in the Malaysian state of Sabah in northern Borneo have run into stiff opposition. Environmentalists say the coal plant could damage extensive coral reef systems, pollute water supplies, open rainforests to mining, and

World stocks, commodities rise on low rate policy

The Dow industrials gained for a sixth straight session to hit an intraday 17-month high, while a major pan-European stock index surged to a 17-month closing high. The U.S. dollar fell against higher-yielding currencies such as the Australian dollar,

NYMEX-Crude ends up on EIA fuel data, soft dollar

NEW YORK, March 17 (Reuters) - U.S. crude oil futures settled higher on Wednesday after a government oil inventory report showed falling fuel supplies and as the dollar softened in the wake of the Federal Reserve interest rate decision. 'A renewed

Ideas being debated for a U.S. climate bill

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N.L. looks to future of mining industry with review and development strategy

ST. JOHN'S, N.L. - The Newfoundland and Labrador government is launching what it calls the first comprehensive review of the province's mining industry since the 1970s. The government says the aim is to come up with a development strategy that puts the

Seeing Machines wins major contract with BHP Billiton

Business Financial Newswire - Vision-based industrial systems provider Seeing Machines has signed a contract to supply its DSS product suite to two companies in BHP Billiton's Energy Coal unit. The contract includes fit-out of the entire haul truck

Silver Shield completes option and joint-venture agreement for claims in West Timmins Gold Camp

BURLINGTON, ON, March 17 /CNW/ - Silver Shield Resources (SSR-TSXV) announces that it has signed the final Option and Joint Venture Agreement, whereby The Company and a private company, Mhakari Gold, will each acquire 50% of four groups of mining claims

Conquest Further Clarifies Its Detour Lake Area Property Holdings

(Marketwire via COMTEX) ----Conquest Resources Limited (TSX VENTURE:CQR) wishes to clarify that it has not acquired any interest in the Detour Lake Gold Project being developed by Detour Gold Corp. Conquest has been exploring its own Detour Lake Area

Wednesday's ETF Movers: IPW, BBH - Zibb.com

Companies: Alkermes, Inc. (ALKS), Cameco Corp. (CCO), Canadian Oil Sands Trust (COS.UN), Merrill Lynch Biotech HOLDRs Trust (BBH), Shire PLC (SHPGY) In midday trading Wednesday, the SPDR S&P International Energy Sector ETF (IPW) is outperforming other

Wednesday's ETF Movers: IPW, BBH

up about 2.9% on the day. Components of that ETF showing particular strength include shares of Canadian Oil Sands Trust (COS

Alberta government says it will combat 'propaganda campaigns' against oilsands

Alberta government will be rolling out initiatives over the next few weeks to combat "propaganda campaigns" against the oilsands. Energy Minister Ron Liepert says both the province and the oil and gas industry are under attack from well-funded

UPDATE 4-OPEC sticks to its guns, demand rising

VIENNA, March 17 (Reuters) - OPEC ministers agreed not to change oil output targets they are already exceeding, anticipating that demand will pick up later in the year to mop up extra barrels the producers may pump. But with economic recovery still

Saudi Arabia expects steady OPEC output for 2010

In advance of Opec's production group meeting, Saudi Arabia's oil minister Ali Naimi has said he expects OPEC oil output to hold steady throughout 2010. "The Saudis, who are OPEC's top producers, usually have their way within the organization. But with

Stern Hu to be tried in closed court

The Australian Greens have called on Foreign Minister Stephen Smith to lobby his Chinese counterpart to ensure the trial of an Australian businessman is open and fair. The Chinese have announced that Stern Hu will face trial from next Monday on charges

Market update (AM): Global optimism boosts mining stocks

Miners lead FTSE gains this morning with Fresnillo, Kazakhmys and Xstrata taking the top three positions on the leader board. With renewed optimism off of the back of the Federal Reserves decision to keep its monetary policy stance unchanged and the Bank

Secret trial

Stern Hu has been charged with receiving bribes and infringing commercial secrets. (Rio Tinto: Supplied) The Australian Government has expressed concern at a decision by Chinese officials to conduct parts of the trial of Stern Hu and three other Rio

Gold Stock :

The World Gold Council, an industry advocacy body said, gold made up 10 percent of the country's foreign reserve assets after Sri Lanka bought 10 tonnes of gold from the IMF pushing its total stock to 15.3 tonnes. Sri Lanka had about 5.0 billion US

Senate votes to move ahead with jobs bill;...

The U.S. Senate voted 61 to 30 on March 15 to end debate on the amended version of the 'jobs bill' H.R. 2847 and proceed to a final vote on the measure Wednesday, March 17at 9:30 a.m. EDT, according to the National Stone, Sand & Gravel Association

Sweden to help SA with clean energy

The Swedish government has promised to help South Africa develop more renewable energy sources as the two countries vow to fight the devastating effects of climate change. Briefing the media following their meeting in Tuynhuis on Wednesday, Deputy