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The Court of Appeal rejects the oil industry’s attack on the landmark transparency law

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WASHINGTON, DC – The U.S. branch of the Publish What You Pay coalition warmly welcomed the U.S. Court of Appeals’ decision to dismiss, for lack of jurisdiction, the oil industry’s lawsuit against the landmark law on the disclosure of oil, gas, and mining payments.Section 1504 of the Dodd-Frank Act of 2010, a provision known as […]

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Appeals Court dismisses oil industry attack on landmark sunshine law

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WASHINGTON, DC – The Publish What You Pay US coalition cheered a decision by the US Court of Appeals to dismiss on jurisdictional grounds a lawsuit brought by the oil industry against a landmark oil, gas and mining payment disclosure law.  Section 1504 of the Dodd-Frank Act of 2010, the so-called “Cardin-Lugar” provision requires U.S.

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2012 U.S. copper production at highest level in 3 years – U.S.G.S.

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U.S. smelter copper output last year declined to its lowest level since before World War II, the U.S. Geological Survey reported. RENO (MINEWEB) – U.S. production of refined copper in 2012 decreased by about 3% from that in 2011, the U.S. Geological Survey observed in a Mineral Industry Survey made public Thursday. Nevertheless, mine production

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Obama to ask for $105m for NASA asteroid capture/mining mission

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« It would be mankind’s first attempt at modifying the heavens to enable the permanent settlement of space, » say scientists. RENO (MINEWEB) – A senior Obama Administration official confirmed reports by the chairman of the U.S. Senate Commerce Subcommittee on Science and Space that the Administration will announce this week that it is seeking more than

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Randgold boosts gold reserves and grades, looking at JVs

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LONDON (Mineweb) – In its 2012 annual report, Randgold Resources confirms it is looking at jvs with cash-strapped developers and explorers. Randgold Resources is one of two mid-tier gold miners quoted on the London stock Exchange main board making announcements today – the other is Petropavlovsk – and CEO Mark Bristow was able to give another upbeat assessment

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Conflict Minerals bill expected to be tabled in Canadian Parliament

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RENO (Mineweb) – Buoyed by the launch of a petition drive and the backing of human rights NGOs, MP Paul Dewar is expected to make another run at a Canadian Conflict Minerals bill. New Democratic Party MP Paul Dewar, who represents Ottawa Centre, is expected to introduce conflict minerals legislation in Canada’s Parliament Tuesday, The Globe

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Freeport’s risky energy plan highlights copper woes

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Freeport’s stock fell nearly 16% after its plan to move into energy was announced Wednesday and investors, it appears, would have preferred it sticks to what it knows best. (Reuters) – Thursday , 06 Dec 2012 Freeport-McMoRan Copper & Gold Inc’s decision to diversify into energy highlights the dearth of attractive options available in copper,

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Paris avoids nationalizing Florange, Mittal will invest

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PARIS (Reuters) – The French government announced an agreement with ArcelorMittal on Friday evening regarding the future of Florange, thus avoiding having to carry out its threat to nationalize the Moselle steelworks. The Prime Minister announced that the steel giant had agreed to invest 180 million euros over five years in the steel processing part

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