There is an emerging oligopoly in one of the hottest elements on the periodic table, lithium.
The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.
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Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.
The deal is for an initial three-year term on a "fixed-price take-or-pay basis."
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Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.
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The American Petroleum Institute and eight other national oil and gas trade associations jointly called for companies in the industry to receive relief from anticipated US steel tariffs and quotas. In their May 18 comments, they outlined ways the US Department of Commerce could improve the relief approval process so as not to sever supply chains to industry.
Steps in the right direction seldom cover much ground. To call something a step in the right direction is to spray cheery paint on disappointment.
Gulfport Energy Corp., Oklahoma City, updated recent well results on its SCOOP Woodford assets in Oklahoma’s southeastern Anadarko basin.
Rising US LNG exports could put upward pressure on US gas prices and expose a previously isolated North American market to global market dynamics, a study by the US Commodity Futures Trading Commission’s (CFTC) Market Oversight Office suggested.
The overall US rig count continues its climb with a slight gain this week. Baker Hughes’ calculation of active US rigs increased by 1 unit during the week ended May 18 to 1,046. Rigs drilling for oil were unchanged at 844 rigs compared with last week, while those rigs targeting natural gas gained 1 unit to 200 rigs.