Nils Tilton, assistant professor of mechanical engineering at Colorado School of Mines, has received a National Science Foundation CAREER Award to develop a computational fluid dynamics model to improve efficient, low-energy options for wastewater treatment and desalination.Tilton's project, "Robust Numerical Modeling for Rational Design of Membrane Filtration Processes," will receive $547,364 ove...Read More
Base and precious metals miner Hudbay Minerals (TSX, NYSE:HBM) has agreed to buy a series of mining properties in southern Peru near its Constancia copper mine, which will see the Canadian company expanding its footprint in the country, the world's second largest producer of the red metal.The Toronto-based miner has now the option to buy a 100% interest in the Caballito (formerly Katanga) and Mar...Read More
Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, has officially closed the sale of its fertilizer business to US-based Mosaic Co. (NYSE:MOS), the No.1 producer of phosphate fertilizer, in a deal worth about $1.4 billion, considerably less than the $2.5bn originally estimated.The transaction, part of Vale's strategy to cut debt and focus on its core businesses, excludes t...Read More
Alberta-based Osum Oil Sands Corp. said that, by the end of the year, it wants to double production at the Orion SAGD project located near Cold Lake.Orion is the company's sole operating asset. The junior purchased it from Shell in 2014 for $325 million and it currently produces 9,000 barrels per day.In October 2017, just one month after completing its 1,500-barrels per day Phase 2A expansion at t...Read More
The Democratic Republic of Congo's state-owned miner, G?(C)camines, is calling the government to update the 16-year-old mining code, arguing it currently benefits foreign firms more than local producers or the country itself.The company, which is heavily indebted and has consistently failed to meet production targets as of late, said in a statement it was evident the World Bank-supported Mining C...Read More
The Republican-controlled Federal Energy Regulatory Commission or FERC unexpectedly and unanimously rejected Energy Secretary Rick Perry's plan to boost nuclear plants and slow down the closure of coal-powered plants.According to Perry, the US' power grid would become vulnerable if more coal-fired power plants were to close down, a common occurrence in past years as the rise of natural gas and ren...Read More
A tractor-trailer carrying uranium concentrate or yellowcake to Cameco's Blind River refinery was involved in a minor traffic accident on Sunday. The incident took place on the Trans-Canada Highway (Highway 17) between Wawa and Sault Ste. Marie, Ontario.Although Cameco says the contracted transportation company is investigating to determine the cause of the accident, local newspaper Sault Star rep...Read More
Recently formed Equinox Gold (TSX-V:EQX) announced that its board of directors approved $146 million for the full-scale construction at the Aurizona Gold mine, located in the Maranh??o state of north-eastern Brazil.With the idea of pouring gold in late 2018, the company says it has already spent $25 million advancing detailed engineering work, raising the existing tailings facility, refurbishing e...Read More
You Can Profit from Bad CorporationsFor years, corporations have put profits over people. Coal companies blow the top off mountains, chemical companies release poisonous fumes, social media companies run psychological experiments without consent...But perhaps one of the most hypocritical companies was Volkswagen. In the United States, at least, VW sold itself as some pseudo-hippy, tree-hugger, eco...Read More
Via SovereignMan.comMay 6, 2010 started off as a pretty boring day.The most exciting stories from the morning's newspapers were reviews of the upcoming Iron Man 2 film.But all that changed at around 2:45pm when, without warning, the stock market crashed, and the Dow Jones Industrial Average dropped 1,000 points within minutes.It was unprecedented... especially because there was absolutely no reaso...Read More
Via SovereignMan.comMay 6, 2010 started off as a pretty boring day.The most exciting stories from the morning's newspapers were reviews of the upcoming Iron Man 2 film.But all that changed at around 2:45pm when, without warning, the stock market crashed, and the Dow Jones Industrial Average dropped 1,000 points within minutes.It was unprecedented... especially because there was absolutely no reaso...Read More
Just before Idaho Territory was to become the 43rd state, it had opportunities for drink in large numbers per capita - even in Mormon towns.Read full newsRead More
China is giving Western nations a headache with a ban on imports ofRead full newsRead More
You can breathe a sigh of relief.Read full newsRead More
Plan would have boosted coal and nuclear power over natural gas and renewable energyRead full newsRead More
Regular unleaded gasoline prices this year are expected to hit their highest annual average since 2014, according to gas-price tracker GasBuddy.Read full newsRead More
CloseGain/LossGold $1320.00-$0.50Silver$17.12-$0.08XAU86.29-1.26%HUI194.89-1.64%GDM656.05-0.87%JSE Gold1319.12-3.59USD92.34+0.37Euro119.67-0.75Yen88.47+0.04Oil$61.73+$0.2910-Year2.479%+0.002T-Bond151.8125UNCHDow25283.00-0.05%Nasdaq7157.39+0.29%S&P2747.71+0.17% The Metals: Gold fell $5.70 to $1314.80 in Asia before it bounced back to $1321.00 in London and then drifted back lower in morning...Read More
- Gold currently undervalued- Since 2000, the gold price has beaten the S&P 500 Index- A 'a once-in-a-decade opportunity' as gold-to-S&P 500 ratio is at its lowest point in 10 years.- Reached 'peak gold' as exploration budgets continue to tighten- $80 trillion sits in global equities, a 'ticking time bomb'- Gold remains an appealing diversifier in the current environment of high valuations and...Read More
A decade ago, smart devices promised to change the way we think and interact, and they have - but not by making us smarter. Eric Andrew-Gee explores the growing body of scientific evidence that digital distraction is damaging our mindsRead full newsRead More
A huge decision looms this week-amid Iran's biggest uprising in years.Read full newsRead More