The Ministry of Mines of the Democratic Republic of the Congo reports “good progress as it undertakes the final phase of the Contracts Review. Negotiations between the key parties to a number of the 61 contracts are approaching conclusion, although the Ministry does report that some of the contract holders have yet to come to the […]

Uranium explorer, Toro Energy, has welcomed the Western Australian election results defeating the prospect of a uranium mining ban in that State. Toro made the comment after the announcement that the National Party has agreed an alliance with the Liberals to form government in Western Australia in the wake of the close State election held […]

“Coal is not merely important to the United States and to the world, it is indispensable,” said a coal industry leader today at the Senate Energy Summit. James F. Roberts, Chairman and CEO of Foundation Coal Corp, urged Congress to support efforts to accelerate the development and deployment of carbon capture and storage (CCS) technologies that […]

First Majestic Silver’s President and CEO, Keith Neumeyer commented at the Denver Gold Show in Colorado and the Hard Asset Conference in Las Vegas this week that with the shares now trading at close to three year lows that “the fundamentals of our business are not being recognised.” A comment that is broadly fair and applicable […]

North American Gem has signed a Memorandum Of Understanding (MOU) with Appalachia Coal Corp, a private company with advanced stage coal interests in West Virginia, USA. ACC currently controls approximately 20,000 acres of coal leases in West Virginia that are in various stages of permitting. Several different coal seams run on ACC’s properties including the […]

Austpac Resources has announced that a further A$5.7 million capital had been raised by a placement of another 30 million shares to BHP Billiton and 27 million to professional investors. BHP Billiton remains the company’s largest shareholder with 55 million shares representing about 7.25% of the issued capital. The Newcastle Demonstration plant continues the successful […]