Impact Minerals announced it has been granted exploration licences covering about 20,000sqkm in eastern Botswana, specifically to explore for deposits of uranium, in an area adjacent to known near-surface deposits of uranium mineralisation. The licences cover about 350km of the strike extensions of rocks that host deposits and prospects near the town of Serule and [...]

Energy Resources of Australia (ERA) Ltd, which produces 10 per cent of the world’s uranium, expects reduced production in the second quarter after flooding at its main pit restricted access to higher grade ore.
The stock declined nearly two per cent after ERA said the average grade of uranium oxide during the second quarter was expected [...]

Oil prices rose to an intraday trading record above $112 a barrel Tuesday after the U.S. dollar fell further and crude supplies to the U.S. and elsewhere were disrupted.
The main driver of crude’s rally was a decline in the greenback relative to the euro on Monday, analysts said. Crude oil’s recent run above $100 a [...]

The 9th International Mining and Machinery Exhibition, organised by Confederation of Indian Industry (CII) In association with Ministry of Mines, Ministry of Coal, Government of India, focuses on the opportunities, both international and national, provided by the shift of mining companies towards customer satisfaction and expectations. It examines till the elements that make up The [...]

President Hugo Chavez said Thursday that his government has approved funding to build an iron and nickel foundry with Cuba.
Cuba is among the world’s largest producers of nickel, which is used to make stainless steel. Venezuela and Cuba signed an agreement last year to produce stainless steel using Cuban nickel–a project slated to involve some [...]

Nearly 700 people are supposed to get more than $192,000 in back pay from a coal mine operator accused of violating federal labor law.
The U.S. Department of Labor says Frasure Creek Mining incorrectly calculated overtime pay for 678 employees for nearly two years from January 2006 through December 2007.
The Labor Department says Frasure Creek also [...]

Tenaga Nasional Bhd (TNB) and Sabah Electricity Sdn Bhd (SESB) have been told to consider using hydro or gas to generate electricity in Lahad Datu as an alternative to the RM1.3 billion coal-fired power project that the state government has rejected for Silam within the district.
Responding to a TNB article in “TNB Talks” that Sabah [...]

Oil giants Chevron Corp. and Total have confirmed that they are in discussions with the Iraqi Oil Ministry to increase production in an important oil field in southern Iraq.
The discussions are aimed at finalizing a two-year deal, or technical support agreement, to boost production at the West Qurna Stage 1 oil field near Iraq’s second-largest [...]

India’s No. 1 power producer, NTPC Ltd will soon float a global tender to import 5 million tonnes of coal, its chairman and managing director T. Sankaralingam said on Thursday.
“We will like to cut down the coal import prices. It is competitive market and competition is key,” he said without elaborating on the grade of [...]

The senior vice president and chief information officer of coal producer Foundation Coal Holdings Inc. exercised options for 2,100 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, James A. Olsen reported he exercised the options Monday for $4.87 [...]