Australian nickel mining company, Albidon has discovered exciting drill results at its Sunnyside project, the company has announced.
Believed to be the most substantial nickel sulphide intersections in Botswana outside the Selebi-Phikwe and Tati nickel mining districts, the intersections include 8.6m@1.21 percent nickel, 0.30 percent copper within an intersection of 18.6 metres with grades ranging [...]

Emerging nickel producer Nickelore Limited (ASX: NIO.AX) is pleased to announce completion of the Share Purchase Plan, which raised a total of $0.25 million via the issue of 3,621,467 fully paid ordinary shares. In addition, the Company has raised a further $0.27 million from the sale of listed investments at a profit.
The Company previously announced [...]

A Saskatchewan mineral exploration company and Japan’s government-owned natural resource corporation are teaming up to look for uranium in the Athabasca River basin.
Under the terms of an agreement signed Friday, Japan Oil, Gas and Metals National Corp. will invest $9 million in exploration projects managed by Saskatoon-based Titan Uranium Inc. (TSXV:TUE) over the next three [...]

India believes it will only be a matter of time before the Australian government supplies it with uranium.
The Labour Party government in Australia has decided against selling yellowcake to India.
Even though the previous Australian administration was in favour of supplying uranium to India, the new government has banned sales because New Delhi is not a [...]

Steel Authority of India (Sail) has agreed to pay the revised coal price of $150 per tonne, to Bharat Coking Coal, in 2008-09, as compared to the previous fiscal, when it paid $105 per tonne. “The price issue is settled. We will sell coking coal from BCCL at $150 per tonne, 40% lower than the [...]

The number of rigs actively exploring for oil and natural gas this week in the U.S. rose by 27 from last week.
Of the 1,889 rigs running nationwide, 1,493 explore for natural gas and 386 for oil, according to a report Friday from Baker Hughes Inc., which tracks rig operations worldwide. Ten are listed as miscellaneous.
A [...]

Mexico’s state-run oil company says output fell 9 percent to 2.87 million barrels a day in the first four months of the year, as production at its biggest oil field sagged.
Petroleos Mexicanos (Pemex) said output from its main Cantarell oil field dropped by 416,000 barrels a day, or 26 percent, from the same period last [...]

In a report to be released Tuesday, London-based New Finance Energy says increased biofuels production is not a primary culprit behind rising food prices.
The study looks at food price increases from 2004 to 2008 and factors such as input costs, dollar depreciation, supply and demand, and speculative activity. It finds that growing emphasis on biofuels [...]

Oilfield services company Halliburton Co. made a conditional bid of $3.36 billion for U.K.-based competitor Expro International Group PLC.
The all-cash bid of $30.14 per share tops the $28.36 per share offer made in April from a consortium led by Candover Partners Limited, valuing the company at $3.16 billion.
Halliburton said it considers Expro’s subsea and flow [...]

Americans are driving less as they pay more at the pump. The Transportation Department says the estimated vehicle miles traveled on U.S. roads in March fell by 11 billion miles — 4.3 percent — from the same month a year ago.
It is the first March decline since 1979 and the sharpest drop for any month [...]