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  • *Jean-Sebastien Jacques takes over as Rio CEO on Saturday. SYDNEY, July 1- After a rapid rise at Rio Tinto, Jean-Sebastien Jacques, 44, is the youngest boss at a major mining company: the first in a generation that will need to shift from an era of cuts to one of cautious growth. The mining industry, worth nearly $2.5 trillion at its peak in 2011, has reeled from the...

  • CALGARY, Alberta, June 30- Two separate wildfires shuttered oil sands operations in northern Alberta in May and June, forcing producers to halt hundreds of thousands of barrels per day of production. A blaze in the Wabasca region prompted Cenovus Energy and Canadian Natural Resources Ltd to shut in 23,800 barrels, while oil companies have been ramping up...

  • *Indonesia lacks data on permits and reclamation funds. SAMARINDA, Indonesia, June 29- Thousands of mines are closing in Indonesia's tropical coal belt as prices languish and seams run dry. Abandoned mine pits dot the bare, treeless hillsides in Samarinda, the capital of East Kalimantan province on Indonesia's part of Borneo island.

  • Li Keqiang SOTs

    China's Premier Li Keqiang takes questions from KPMG's John Veihmeyer about capital market reforms and Alcoa's Klaus Kleinfeld on steel and coal overcapacity.

  • CALGARY, Alberta, June 27- Canada's oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than new projects, analysts at IHS Energy said on Monday. HIS estimates that since 2014, the cost of building and operating a new oil sands plant has fallen by $10 a barrel, and...

  • *Panama Canal cuts travel from Atlantic to Pacific by two weeks. SINGAPORE, June 26- Bigger ships could mean bigger paydays for commodity producers when the expanded Panama Canal opens this weekend as they can utilize larger vessels more frequently to tap into fast growing Asia-Pacific consumer markets. The Panama Canal Authority estimates that the enlarged...

  • June 23- Canadian oil production will grow by 28 percent to hit 4.9 million barrels per day by 2030, the Canadian Association of Petroleum Producers said in its annual report. Production from Alberta's oil sands, the world's third-largest crude reserves and No. 1 source of U.S. oil imports, will hit 3.7 million bpd by 2030, the industry group said on Thursday.

  • WASHINGTON, June 22- A U.S. program meant to encourage coal mining on federal land is open to industry abuse and costs taxpayers billions of dollars in lost revenue every year, a White House study to be released on Wednesday concluded. Roughly 40 percent of U.S. coal comes from federal land and taxpayers are being short changed on those sales due to lax oversight and...

  • BERLIN, June 21- Germany's coalition government agreed to ban fracking for shale gas indefinitely on Tuesday, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal. If the law is approved by parliament, Germany will follow France, which has banned fracking, whereas Britain allows it...

  • BERLIN, June 21- Germany's coalition government agreed to ban fracking for shale gas indefinitely on Tuesday, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal. If the law is approved by parliament, Germany will follow France, which has banned fracking, whereas Britain allows it...

  • BERLIN, June 21- Germany's coalition government agreed to ban fracking for shale gas indefinitely on Tuesday, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal. If the law is approved by parliament, Germany will follow France, which has banned fracking, whereas Britain allows it...

  • BERLIN, June 21- Germany's coalition government agreed to ban fracking for shale gas indefinitely on Tuesday, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal. If the law is approved by parliament, Germany will follow France, which has banned fracking, whereas Britain allows it...

  • No correlation between oil and renewable energy: Enel CEO

    The correlation between oil, gas and coal is weakening, says Francesco Starace, Enel Group CEO, discussing the company's mission to generate more renewable energy to meet the world's energy needs.

  • There's finally light at the end of the tunnel for the mining industry.

    Mining industry sentiment has finally started to improve, after several years of gloom amid a commodity price slump.

  • CHICAGO, June 20- The U.S. Department of Justice has opposed a plan by coal producer Alpha Natural Resources to sell valuable assets to its creditors, which it said puts significant mine cleanups at risk, according to a court filing on Monday. The government does not plan to approve the transfer of any federal lease or contract unless cleanups are assured, the...

  • Australia Mining

    Most Australian miners believe that commodity prices have bottomed out and will head up, says Newport Consulting's David Hand.

  • HOUSTON, June 20- Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. That shale giants Hess Corp, Apache Corp and more than 25 other companies have beaten back OPEC's attempt to sideline them...

  • CALGARY, Alberta, June 14- Suncor Energy Inc has told employees the massive wildfire that struck northern Alberta in May will cost the company nearly C $1 billion, two sources at Canada's largest crude producer said on Tuesday. The wildfire, which forced the evacuation of the oil sands hub of Fort McMurray, also shuttered operations at facilities owned by Suncor...

  • CALGARY, Alberta, June 14- Suncor Energy Inc has told employees the massive wildfire that struck northern Alberta in May will cost the company nearly C $1 billion, two sources at Canada's largest crude producer told Reuters. The wildfire, which caused the evacuation of the Canadian oil sands hub of Fort McMurray, forced Suncor and other major crude producers in...

  • Mad Money 2

    Mad Money host Jim Cramer discusses news natural gas is surpassing coal for electricity used in the U.S.