Norwegian chemical company makes $40 million investment in IC Potash

IC Poatash popped 17% to $1.04 share on Monday after Yara International announced a $40 million "strategic investment" in the company on Friday.

Michael Allan McCrae | April 2, 2012 | 5:01 pm

CHALCO pays $925M for 60% of SouthGobi Resources

In a three-way deal with Robert Friedland's Ivanhoe Mines, the Aluminum Corporation of China (CHALCO) is bidding for 60% of SouthGobi Resources' and paying $8.48 for each common share.

Michael Allan McCrae | April 2, 2012 | 4:26 pm

The spiralling cost of making nuclear energy safe is bringing the industry to its knees: researcher

The costs don't add up for nuclear power, according to a study by the Vermont Law School, and the high price tag of making nuclear energy safe is imperilling the industry.

Michael Allan McCrae | March 30, 2012 | 6:42 pm

Robot meets 30 foot cliff

Boston Dynamics, a leading robot maker funded by the US Army, filmed two of its latest devices navigating rough terrain.

Michael Allan McCrae | March 30, 2012 | 5:05 pm

Budget shines on resource sector, environmental groups get more scrutiny

The Canadian finance minister delivered a budget for the resource sector, promising faster project approvals and changes to immigration to increase manpower, while enviromental groups will receive closer scrutiny from the Canadian Revenue Agency.

Michael Allan McCrae | March 29, 2012 | 10:18 pm

Bye, bye penny

The Royal Canadian Mint will stop producing pennies this fall, announced Finance Minister Jim Flaherty during his budget speech on Thursday.

Michael Allan McCrae | March 29, 2012 | 9:07 pm

Russia’s central bank lightens its gold holdings

Russia's central bank sold off about $200 million of gold in February, according to a report from the Financial Times.

Michael Allan McCrae | March 29, 2012 | 8:46 pm

Real-time wind map goes viral

A wind map has gone viral on the web. Data visualisation specialists at hint.fm use surface weather data to generate an almost live wind map of the U.S.

Michael Allan McCrae | March 29, 2012 | 8:21 pm

American coins to be made out of cheaper materials

Coins in the U.S. are now going to be made out of "cost-effective materials", said Treasury Secretary Tim Geithner.

Michael Allan McCrae | March 28, 2012 | 6:12 pm

Gold bar with tungsten core found in UK

A 1,000gm gold bar with a tungsten core was bought by a scrap dealer in the United Kingdom, reports ABC Bullion.

Michael Allan McCrae | March 26, 2012 | 4:42 am

The bulls can rest their case on this one chart

Gold is being amassed largely on the fears that the global currency system is flawed, and bears also believe American and Chinese economies are headed for another fall. However, there is a deep economic imbalance that is rapidly being righted that can result in a lot of prosperity for all.

Michael Allan McCrae | March 25, 2012 | 7:03 pm

A list of the top movies about mining

Mining has all the elements that make for a good movie: long odds, adventure, conflict, danger, amazing natural scenery, and heroes and villains.

Michael Allan McCrae | March 25, 2012 | 5:18 pm

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