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IEA cuts gas demand outlook again as glut seen to end of decade

  Bloomberg While oil markets will start re-balancing after a slump next year, an oversupply in natural gas won’t disappear until the end of the decade, the International Energy Agency said, slashing its gas demand outlook for a fourth straight year. Global consumption will expand by 1.5 percent annually from 2015 through 2021, down from last year’s forecast of 2 ...

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Lundin seeks up to $940mn for Ecuador gold mine

  Bloomberg Lundin Gold Inc. is forging ahead with its gold project in Ecuador, one of the world’s largest undeveloped deposits, in a signal the industry is moving back into expansion mode as the metal continues to rally. The Vancouver-based miner is planning to raise $820 million to $940 million in two phases to finance the Fruta del Norte project, ...

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Underground tomb for radioactive waste

  Eurajoki / AFP Deep underground on a lush green island, Finland is preparing to bury its highly-radioactive nuclear waste for 100,000 years — sealing it up and maybe even throwing away the key.Tiny Olkiluoto, off Finland’s west coast, will become home to the world’s costliest and longest-lasting burial ground, a network of tunnels called Onkalo — Finnish for “The ...

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