Cameco Corporation announced it is suspending uranium hexafluoride (UF6) production at the company’s Port Hope plant.
As previously announced, a contract dispute between Cameco and its sole supplier of hydrofluoric acid (HF) has resulted in unreliable and expensive deliveries of this material necessary for the production of UF6. The dispute remains unresolved and Cameco has exhausted [...]

Peabody Energy announced it has entered into a sales agreement for its 62.5 percent interest in the Baralaba Mine in Australia with Cockatoo Coal Limited.
Peabody is receiving approximately US$33.6 million [A$52.5 million] for its interest in Baralaba, which has approximately 1.5 million tons of remaining reserves and produced approximately 330,000 tons of thermal and PCI [...]

Mammoth Energy Group, Inc. announced the results from the first well in its 8 well project located near the Arkansas River in Pawnee County, Oklahoma. This first well was drilled to a depth of 1688′ and had commercially viable amounts of oil in the Layton from 1542′ to 1551′. The well was acidized and treated [...]

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has received independent laboratory analysis of a recent bulk sample that confirms high volatile, high-fluidity metallurgical coking coal at the Mamahak coal project in East Kalimantan, Indonesia. SouthGobi owns 85% of the [...]

Cameco Corporation reported a modest increase in water inflow to a development area of the McArthur River uranium mine. Production areas were not impacted.
“The inflow is only about 10% of our total capacity to pump water out of the mine,” said Tim Gitzel, Cameco’s chief operating officer. “We have prepared for just such events and [...]

Atlas Oil and Gas, Inc. announced the results today from the first well in its 8 well project located near the Arkansas River in Pawnee County, Oklahoma. This first well was drilled to a depth of 1688′ and had commercially viable amounts of oil in the Layton from 1542′ to 1551′. The well was acidized [...]

The American Coalition for Clean Coal Electricity (ACCCE) issued this statement in response to Oregon Governor Ted Kulongoski’s state climate change agenda:
“ACCCE expresses deep concern with the governor’s decision to develop emissions standards for new energy production sources, ensuring they be ‘at least as clean as natural gas’. This action would preclude any new coal [...]

Rio Tinto Alcan will be the title sponsor of Montreal’s new BIXI self-service bicycle rental system, supplying funding for the project as well as aluminium for the construction of the bicycles. BIXI will be offered to the public as of April 2009, with 2,400 bikes available at a network of 300 stations covering central Montreal.
“It’s [...]

Peabody Energy announced that its board of directors has doubled the size of the company’s existing share repurchase program, raising the total authorized amount to $1 billion. The company has been repurchasing shares under this program, which was first authorized in 2005.
“This expanded repurchase program reflects our ongoing commitment to deliver shareholder value,” said Peabody [...]

Boliden Odda AS and Norwegian power company Statkraft have entered into agreements for the supply of electricity for the periods 2009-2020 and 2021-2030. The total quantity of electricity supplied under both contracts amounts to 900 GWh/year.
“The agreements ensure Boliden’s access to a dependable and long-term supply of electricity, at predictab
le prices, for the Odda zinc [...]