Caterpillar Inc. has announced a groundbreaking alignment with BHP Billiton to develop an autonomous mining haulage system. The agreement couples the market leader in mining equipment with the world’s largest diversified natural resources company.
“Our joint autonomous technology project is a significant initiative that will bring benefits to both Caterpillar and BHP Billiton,” said Caterpillar Group [...]

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use.
The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India.
The reports were baseless and the new mining law likely to be passed by Parliament by June would in [...]

Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in [...]

Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals.
“I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a [...]

Torrent Energy Corporation announced it has retained U.S.-based Pfeiffer High Investor Relations, Inc., and Canada’s CHF Investor Relations (Cavalcanti Hume Funfer Inc.) to develop and manage a North American investor awareness campaign together. This program will be supplemented with an internet based program contracted through Stockgroup Media.
John Carlson, Torrent’s President and CEO, commented, “We [...]

Coal is experiencing a mini-boom as an energy source for generating electricity, thanks to soaring energy demand, abundant supplies and volatile natural-gas prices.
Utilities companies have concentrated on building cleaner-burning natural-gas power plants for the past two decades. Now, 153 new coalburning power plants are under way or being proposed nationwide, according to the National Energy [...]

Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% [...]

Magnus International Resources (”Magnus”) “the Company”)
NASD OTC-BB: ‘MGNU’) announced today that it has entered into a letter of intent to acquire
African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in
four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its
mineral portfolio into Africa, [...]

California Oil & Gas has signed a Letter of Understanding with March Resources through which the Company will farm-in on an exciting exploration program on the Pica North Block in the Tamarugal Basin of Northern Chile, with an option to obtain an interest in the Pica South Block. March has received approval from the Ministry [...]

Coal is in the running to overtake oil as the best-performing energy investment.
That, at least, is the emerging consensus from a range of speculators, investors and giant corporations including Wilbur Ross, the billionaire bankruptcy specialist; BHP Billiton, the world’s largest mining company; and Merrill Lynch, the U.S. securities firm.
Because “coal is the cheapest, most abundant [...]