Analysts cheered SunPower Inc., a day after the solar company said its first-quarter net income soared to $12.8 million, or 15 cents per share, from $1.2 million or 2 cents per share a year ago. The company also expects second-quarter earnings to triple first-quarter results.
PacificCrest analyst Mark Bachman in a client note said domestic demand [...]

The government has agreed to grant a demand from mining company Rio Tinto for a fixed-rate tax facility for its US$3 billion nickel project in Sulawesi, providing leeway for other mining giants to receive similar privileges.
Chairman of the Investment Coordinating Board Muhammad Luthfi told reporters Monday the government had agreed to provide the company with [...]

The government is beginning to show concern that the country could achieve its crude oil production target this year amid soaring price in the world market.
Head of the fiscal policy of the finance ministry Anggito Abimanyu said the country’s crude oil production has shown a downtrend, adding production has always been below 917,000 barrels as [...]

Venezuela began taking a bigger cut of foreign oil companies’ windfall profits, as a higher tax on those earnings went into effect.
Under a law approved Tuesday by the National Assembly, President Hugo Chavez’s government is charging a 50 percent tax on additional earnings when crude prices pass $70 per-barrel and 60 percent on additional earnings [...]

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 [...]

Territory Resources announced today it has committed to spend $25 million over the next two years with the aim of substantially expanding its high grade resource base and extend mine life at the Frances Creek iron ore project.
Territory Resources Chairman Michael Kiernan said the Company was focused on delivering a steady increase in production at [...]

Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced the receipt of an additional $200,000 in financing through the sale of one new convertible debenture to Moore Investment Holdings, LLC, a Nevada limited liability company. The financing will be utilized to complete ongoing reconstruction and equipment [...]

GOLDCORP INC. is pleased to declare its fourth monthly dividend payment for 2008 of $0.015 per share. Shareholders of record at the close of business on Thursday, April 17, 2008 will be entitled to receive payment of this dividend on Friday, April 25, 2008. Goldcorp has paid a monthly dividend to its shareholders since 2003.
Canadian [...]

Oppenheimer & Co. analyst Fadel Gheit tallied up some key numbers for the oil and gas sector in 2007. He found market capitalization for the group at year-end was $1.617 trillion, led by Exxon Mobil Corp. with $481 billion — close to a third of the group total.
Gheit says group net income dropped to $146 [...]

Malaysian Estate Owners’ Association president Boon Weng Siew said the price control mechanism under the Cooking Oil Subsidy Scheme (COSS) was causing the industry to suffer.
Responding to Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad’s suggestion to review price control and subsidies, Boon said artificial price controls led to shortages in the market.
Cooking [...]