Why Commercial Coal Mining Won’t Solve India’s Energy Problems

Why Commercial Coal Mining Won’t Solve India’s Energy Problems

As many investors have no doubt heard, there have been indications that the Indian government may break state behemoth Coal India's monopoly on the domestic coal market by allowing foreign miners to set up shop in India. However, some believe the move may not be the answer to India's energy woes.

Nuclear Power Programs Restarting in Japan

The city assembly of Satsumasendai voted to allow the restart of two nuclear power plant reactors, with analysts saying the news will provide welcome relief to the industry.

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Why Stria Lithium’s Latest Metallurgical Results Are So Important

Stria Lithium's president and CEO, Julien Davy, discusses the significance of recent metallurgical test results for the company. The results confirm that Stria can use lithium mineralization from its Pontax lithium project as feedstock for its new pilot plant.

Company News

Energi Group’s Lithium Extraction Process Exceeds Expectations

Enirgi Group Corporation reported that it has validated its proprietary lithium extraction technology. The technology, which was developed and validated at a demonstration plant in partnership with the Australian Nuclear Science and Technology Organisation Minerals Division, has exceeded expectations.

Consol Energy Increases Revenue by 10 Percent

Consol Energy (NYSE:CNX) saw revenues increase by 10 percent last quarter, according to coalguru.com. Higher costs took out some of that profit, but still, the company posted a significantly narrower loss for the quarter in a year over year comparison.

Anfield Resources Receives Conditional Approval for Shootaring Mill License Transfer

Anfield Resources Receives Conditional Approval for Shootaring Mill License Transfer

Anfield Resources (TSXV:ARY) reported that the Utah Division of Radiation Control (UDRC) has granted conditional approval for the transfer of ownership of the Shootaring Canyon Uranium Mill radioactive materials license. The UDRC has also extended the license renewal deadline to allow Anfield to prepare a license renewal application for the mill.

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Company Videos

Dr. Keith Barron Interviewed on Palisade Radio: The Uranium Bottom is In Right Now

Last week, experienced exploration geologist Dr. Keith Barron was interviewed on Palisade Radio regarding his perspective on the uranium sector. Barron says he believes "the bottom is in right now" for the metal, and that "we will see a very quick double in the spot price for uranium," once Japan's reactors are turned back on.

Northern Uranium Corp. CEO Chad Ulansky (TSX-V:UNO)

Northern Uranium Corp. (TSXV:UNO) CEO Chad Ulansky spoke to Resource Investing News about the company’s Northwest Manitoba project which was recently optioned from CanAlaska Uranium Limited.

Market News

India May Open Commercial Coal Mining to Foreign Companies

In a bid to tackle the India's coal supply shortage - which happens despite the country sitting on the world's fifth largest coal reserves - Prime Minister Narendra Modi is considering opening up commercial coal mining to foreign companies, according to Reuters. Companies like Rio Tinto (NYSE:RIO) would be allowed to operate in India if they set up units in the country.

US to Close Loophole That Helps Coal Export Profits

The US government is planning to tighten up rules surrounding coal exports since the discovery of a loophole that has allowed companies to boost profits, according to Reuters.

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