A survey says the national average price for gasoline rose 5 cents over the last two weeks.
The average price of self-serve regular gasoline on Friday was $3.32 a gallon, mid-grade was $3.44 and premium was $3.55. That’s according to the Lundberg Survey of 7,000 stations nationwide released Sunday.
Of the cities surveyed, the cheapest price was [...]

Xstrata, the world’s largest thermal coal exporter, has settled thermal coal contracts with Japan’s Chubu Electric for the business year starting this month at $125 a tonne, up 125 percent, a source close to the deal said on Monday.
The settlement price compares with last year’s $55.65, based on Xstrata Plc’s final settlement price with a [...]

South Korean steelmaker POSCO said on Monday it has agreed to a sharp rise in coal prices with an Australian miner for fiscal year 2008.
POSCO, the world’s fourth-largest steelmaker, had agreed on a 205 percent to 210 percent hike in coking coal prices with the Australian supplier from April 1, a company spokeswoman said.
Earlier in [...]

An Adelaide-based company has struck a deal to provide clean coal technology to an energy consortium in the United States.
GTL Energy Limited has signed a memorandum of understanding for the technology to be used in an electricity plant in North Dakota.
It is expected that the technology will transform low-grade coal into a cleaner fuel, to [...]

Oil prices jumped close to 106 dollars on Friday as investor sentiment was driven by the weak US dollar, tight energy supplies and more bad news on the US economy, analysts said.
On Friday, New York’s main oil contract, light sweet crude for delivery in May, jumped 1.92 dollars to 105.75 dollars per barrel, after earlier [...]

Cambrian Mining has admitted it is in talks with the independent executive director of Coal International (LSE: CLN.L - news) about a possible offer for the coal group.
“Current discussions are focussed on a share for share exchange with the proposed ratio still under negotiation,” it said in a short statement Friday.
“Discussions with Coal International form [...]

Downer EDI Limited today announced that the company’s Mining Division, Downer EDI Mining, has signed long-term contracts with Peabody Pacific Pty Limited (Peabody) for its Millennium and Wambo open cut coal mining projects.
This follows the announcement on 21 December 2007 that Peabody had selected Downer EDI Mining as the preferred tenderer for these projects.
With a [...]

Jasper Mining Corporation has completed the non-brokered private placement financing announced on March 7, 2008. This private placement was originally announced as a brokered private placement which was in error. The Company raised $133,000 through the sale of 380,000 units, each unit consisting of a common share and a one-half share purchase warrant. The financing [...]

U Mining Resources Inc. (Other OTC:UMNG.PK - News) today provided updates on the impending agreement in the Republic of Guinea. Comitrag S.A., the majority-owned subsidiary of U Mining, has been preparing the necessary additional documentation to satisfy the requirements of the Company’s official application for the BOOT Agreement.
When U Mining and Comitrag met with Guinea’s [...]

Cambrian Mining Plc. confirmed it is in talks with the independent executive directors of Coal International Plc. regarding a potential offer to acquire the issued share capital of Coal International not already owned by Cambrian.
The company said current discussions are focused on a share-for-share exchange, with the proposed ratio still under negotiation.