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Michael Allan McCrae | April 18, 2012 | 8:20 pm

Mongolian government tells SouthGobi Resources to stop mining

Three weeks after SouthGobi Resources' $925 million deal with Chalco, the Government of Mongolia told SouthGobi that it had to suspend exploration and mining activity on certain licenses.

Michael Allan McCrae | April 17, 2012 | 6:12 pm

Silicon Valley looks east for cheap energy to power data centers: Greenpeace

While Silicon Valley maybe a center of the environmental activism, Greenpeace issued a report on Tuesday accusing IT companies of setting up data centers in the eastern United States where power is cheaper and dirtier.

Michael Allan McCrae | April 17, 2012 | 5:34 pm

Sunny day for uranium miners; Energy Fuels grabs Denison’s American assets

Denison Mines (NYSEAMEX:DNN) was up 14.69% to $1.64 on Tuesday after announcing Energy Fuels Inc. (TSE:EFR) will acquire all its mining assets and operations located in the United States in exchange for 425.44 million common shares of EFR.

Michael Allan McCrae | April 17, 2012 | 4:43 pm

Nexen wins regulatory approval for major expansion

Oil sands producer, Nexen Inc. (TSX, NYSE: NXY), said it received regulatory approval to proceed with development of pads 14 and 15 at Long Lake and the Kinosis 1A area.

Michael Allan McCrae | April 16, 2012 | 6:39 pm

Wrong call on gold costs fund manager his hair

Toronto fund manager, John Oliver, had his head shaved today after wagering four years ago that gold would hit $2,000/oz. Oliver, who works for Sprott Asset Management and said he would get his hair shorn if the prediction didn't pass, made the bet on April 16, 2008 when gold was $920/oz.

Michael Allan McCrae | April 16, 2012 | 6:23 pm

‘US$60,000 would not be enough’: mining grads have high salary expectations

Reuters looks at the demand for mining school graduates and profiles some students who get to be picky about who they work for and what they get paid:

Michael Allan McCrae | April 16, 2012 | 4:33 pm

Lining up the colours: Westridge Resources’ epithermal gold project in Mexico

About 40-minutes’ drive beyond a seaside resort town in Mexico, past tomato, mango and orange farms, Westridge Resources has optioned an 11,000 ha property. The Charay project (pronounced "cha-rye") is a gold/silver epithermal system.

Michael Allan McCrae | April 16, 2012 | 5:51 am

Coal takes a beating after China’s GDP numbers disappoint

China, the world's biggest consumer of coal, said that the gross domestic product came in at 8.1% in the first quarter, the lowest figure in three years.

Michael Allan McCrae | April 13, 2012 | 8:11 pm

Who’s the fairest of them all: David Suzuki Foundation ranks provinces on climate change leadership

David Suzuki Foundation says Quebec, Ontario and B.C are "Very Good" regarding climate initiatives while Alberta and Saskatchewan rank as "Worst".

Michael Allan McCrae | April 12, 2012 | 4:45 pm

Gold can now protect us from both economic and environmental collapse

While gold's primary use these days is a hedge against Europe going belly up or paper currency becoming debased, researchers at MIT found that a little gold added to copper can also act as a strong catalyst and convert carbon dioxide into methane or methanol.

Michael Allan McCrae | April 11, 2012 | 8:13 pm

Look ma, no rare earths

Hitachi has built an 11-kilowatt motor that uses no rare earth materials. The motor took four years to develop, and commercial production is expected in two years.

Michael Allan McCrae | April 11, 2012 | 7:40 pm

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