Posts by Michael Allan McCrae:

Ernst & Young finds a lot to like in the TMX Group and LSE merger

Ernst & Young supports the merger of the TMX Group and LSE since it believes that the respective strengths of the two exchanges would complement one another. In a report looking at increased market capitalization on the TSX by miners, Ernst & Young says that both the LSE and TSX provide rich sources of capital to companies at different stages in the mining lifecycle. While the TSX is good at attracting startup and exploration companies, the LSE is focused on developed and diversified businesses.
Michael Allan McCrae | March 3, 2011 | 4:46 pm

Top TSX miners increase market capitalisation $142 billion in 2010: Ernst & Young

Market capitalisation for miners on the TSX and TSX Venture rose from Can$325 billion in 2009 to $467 billion in 2010, according to a study released by Ernst & Young on Wednesday. The study also found that the mining sector raised $17.7 billion through IPOs and private placements, eclipsing the oil and gas industry which only managed $11.3 billion. The study also found that there were 52 mining initial public offerings on the TSX and TSX Venture that raised more than $1.3 billion.
Michael Allan McCrae | March 3, 2011 | 4:30 pm
Red Truck Mining Wheel

Miners should be Alberta Bound: Fraser Institute

Quebec's three-year run as the Fraser Institute's favourite mining jurisdiction ended after Alberta took the top spot. Releasing it's findings on Wednesday, the think tank lauded Alberta's tax policies and clear rules regarding mining. “Alberta’s resource-friendly government, competitive taxation regime, and superior infrastructure render the province a standout for mining investment, not only in Canada but also globally,” said Fred McMahon, coordinator of the survey and the Institute’s vice-president of international policy research.
Michael Allan McCrae | March 3, 2011 | 3:46 pm
Mining finance calculator

Canada Lithium shares halted for a mineral resource estimate do-over

Canada Lithium said today it will have to take another look at a resource estimate it used to fund a Can$202-million open pit mine in Quebec. The company said that it was unable to reconcile its own results with a previously announced 43-101-compliant report dated Oct. 28, 2010. In January the company raised Can$110 million via a bought-deal financing.
Michael Allan McCrae | March 1, 2011 | 7:08 am