Shares of coal mining stocks rose Tuesday as investors smelled a bargain and production cuts hinted at lightening of the current supply and demand imbalance.
Shares of Consol Energy Inc. climbed $2.11, or 7 percent, to close at $32.49 on the New York Stock Exchange. Also on the NYSE, Massey Energy Co. gained $2, or 9.6 [...]

Japanese trading house Mitsui and Co. says it plans to jointly develop one of the world’s largest uranium mines in Russia to supply Japanese nuclear power plants.
Mitsui and the Russian state-owned nuclear fuel firm Techsnabexport (Tenex) will together spend nearly 29 billion yen (245 million dollars) to develop the mine, with the aim of beginning [...]

A uranium producer plans to build a mill outside this town to service several uranium mines in western Colorado and eastern Utah.
Energy Fuels Resources Corp., based in nearby Nucla, owns mines near Gateway and in Utah between Moab and Blanding.
“One of the things this area lacks is a uranium mill,” said company President George Glasier [...]

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% [...]

Commissioner of Mines, Clinton Thompson, has confirmed that the St. Ann Bauxite Company has failed to restore mined-out lands within the stipulated three years.
But Mr. Thompson says the Government is not considering applying the penalties that accompany such breaches.
Restoration schedule
“The aim of the Government is not to collect the penalty but to ensure that the [...]