Major global mining companies have cut their investment budgets for the second year in a row, and China's relentless demand looks set to continue, which could herald price increases in precious metals, Bloomberg reports.
JUNEAU, Alaska (AP) — A U.S. government report indicates a large-scale copper and gold mine in Alaska's Bristol Bay region could have devastating effects on the world's largest sockeye salmon fishery and adversely affect Alaska Natives, whose culture is built around salmon.
The U.S. Environmental Protection Agency on Wednesday released its final assessment of the impact of mining in the Bristol Bay region. Its findings are similar to those of an earlier draft report, concluding that, depending on the size of the mine, up to 94 miles of streams would be destroyed in the mere build-out of the project, including losses of between 5 and 22 miles of streams known to provide salmon spawning and rearing habitat.
Up to 5,350 acres of wetlands, ponds and lakes also would be lost due to the mine footprint.
ANCHORAGE, Alaska (AP) — London-based mining giant Rio Tinto announced Monday it plans to conduct a review of the Pebble Mine prospect in southwest Alaska, including whether to cut its ties with the proposed project.
The Defense Department said in a new report that its reliance on China for rare earths necessary for military manufacturing has fallen in the past few years as new markets have opened, Reuters reports.
ST. LOUIS (AP) — A federal bankruptcy court has approved Patriot Coal's reorganization plan, clearing the way for it to emerge from 17 months of bankruptcy, the St. Louis-based company said Tuesday as it finished wrapping up its exit financing.
RICHMOND, Va. (AP) — A company is suspending its campaign to mine one of the world's largest known deposits of uranium ore in Virginia, concluding that Gov.-elect Terry McAuliffe's opposition presents a significant challenge over the next four years.
WELLINGTON, New Zealand (AP) — New Zealand's government on Thursday dropped all charges against the former boss of a coal mine where 29 miners died in an explosion and instead accepted a financial settlement — a decision that left some of the victim's relatives angry.
Transportation Secretary Anthony Foxx on Wednesday will announce new rules covering oil train safety, sources told The Wall Street Journal, which says the plan has railroads concerned about possible speed restrictions and oil companies worried about limits on tank car volumes.
ABB, the Swiss engineering group, has posted a 17 percent drop in second quarter net profit, a bigger loss than expected, dragged down by delays to solar power and offshore wind projects which have hurt the company’s power systems unit, Reuters reports.
Major electricity providers -- including Florida Power & Light and Duke Energy -- have been presenting testimony to the Florida Public Service Commission this week in support of their request to cut back on energy efficiency programs, a move opposed by conservationists, The News Service of Florida reports.
Environmentalists concerned about fish kills at the Indian Point nuclear plant on New York’s Hudson River are raising just a few of the questions being discussed as the state’s Department of Environmental Conservation opened hearings on renewing water quality permits for the facility, The New York Times reports.
Changes the Department of Energy is proposing to the way LNG export permits are handled will cause more delays and “regulatory uncertainty,” according to comments the American Petroleum Institute filed with DOE, FuelFix reports.
Federal Energy Regulatory Commission approval for construction of LNG export facilities in Cameron Parish, Louisiana is being challenged by groups including the Sierra Club, which are asking the FERC for more environmental analysis, Platts reports.
The city of Wichita Falls is mixing treated wastewater with lake water to guarantee a continued flow into the taps of residents, but they are turning up their noses at the idea of drinking it, Reuters reports.
By the end of 2014 General Electric hopes to produce systems that generate electricity using a solid oxide fuel cell, now that it has opened a testing and research facility for the process in upstate New York, Bloomberg reports.
A full range of Defense Department operations -– from planning to training and infrastructure -– are affected by climate change, which officials are trying to counter with a pro-active approach to the situation, Deputy Assistant Secretary of Defense Daniel Chiu told lawmakers at a hearing Tuesday.