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China boosts exploration funding

China boosts exploration funding

China is boosting state support for domestic mineral exploration in an effort to secure dominance in the resource sector amid rising competition from Western rivals, the Financial Times reported on Thursday. At least half of the 34 provincial...
Ohio’s new power policy takes step forward

Ohio’s new power policy takes step forward

The end to nearly $500,000 in taxpayer daily subsidies for two coal-fired power plants, one in Indiana, has taken a major step forward. Despite objections from a Washington, D.C.-based conservative energy group, the Ohio Senate unanimously passed Senate Bill 2, a...
Rio Tinto, Gold Valley make plays for CZR

Rio Tinto, Gold Valley make plays for CZR

After Gold Valley Iron Ore proposed an on-market takeover of CZR Resources, rivalling the bid Fenix Resources made in late February, Rio Tinto has entered the fray. Gold Valley’s bid involved the company acquiring all CZR shares for $0.31 per CZR share. Rio...
Copper climbs above $10 000/t 

Copper climbs above $10 000/t 

Copper rose above $10 000/t on the London Metal Exchange for the first time since October, as buyers in the US race to import supplies of the key industrial meal ahead of potential tariffs. Prices have risen 14% since the start of the year on the LME. Still, that...