Buffet’s railways switch from coal to oil

Don't worry, Warren Buffet who spent $26.5 billion on acquiring Burlington Northern Santa Fe railroad and Union Pacific Corp. is weathering the coal downturn by switching to oil and gas made plentiful by the hydraulic fracturing glut.

Michael Allan McCrae | August 2, 2012 | 6:35 pm

Kinross dumps CEO

After seeing its share price halved in the past year, the Kinross Gold (TSE:K) board decided to remove Tye Burt and promote Paul Rollinson from Executive Vice-President, Corporate Development to CEO.

Michael Allan McCrae | August 2, 2012 | 5:28 am

Three people shot dead after mob rushes Aquarius Platinum mine

Three protestors are dead and 20 are injured at Aquarius Platinum's Kwezi shaft when 200 disgruntled former contractors, some carrying petrol bombs, forced their way onto the company's property.

Michael Allan McCrae | August 1, 2012 | 10:58 pm

Royal Nickel gets $12 million of government help for its $1.8 billion Dumont nickel project

Royal Nickel (TSE:RNX) announced that the Ressources Québec, a resource investment arm run by the province, gave the company $12 million in return for 0.8% of the net smelter return of the Dumont Nickel Project.

Michael Allan McCrae | August 1, 2012 | 10:28 pm

Miners will head to Newfoundland or Ontario if Quebec increases royalty rates: KPMG

A study of Quebec's royalty rates for miners, which was hurried out before the provincial election, warned the government not to dip its hand any deeper into resource company pockets.

Michael Allan McCrae | August 1, 2012 | 10:00 pm

Mining in Bolvia is ‘different’

Theo Stromer published a pictorial on CNN looking at cooperative mining in Bolivia, as well as the damage caused to the environment and the miners themselves in a region that lacks modern safeguards.

Michael Allan McCrae | August 1, 2012 | 8:00 pm

Midwest coal plant operator facing bankruptcy

The Chicago Tribune reports that Midwest Generation is facing bankruptcy as it being squeezed by low natural gas prices and costly upgrades to its six coal-fired electric generating plants in Illinois:

Michael Allan McCrae | August 1, 2012 | 5:50 am

Maple Group takes control of TMX Group

With 91% of outstanding deposited, the Maple Group has taken control of the TMX Group. The deal has taken over a year to complete and is worth $3.8 billion.

Michael Allan McCrae | August 1, 2012 | 5:38 am

Retreating ice reveals huge riches in Greenland

Business Insider has the story about Greenland and global warming, which is peeling back thick ice and uncovering vast mineral wealth.

Michael Allan McCrae | July 31, 2012 | 9:15 pm

Don’t worry coal industry, Dale Earnhardt Jr. has got your back

NASCAR celebrity driver, Dale Earnhardt Jr., is appearing in ads supporting the coal industry.

Michael Allan McCrae | July 31, 2012 | 8:59 pm

World’s gold deposits are drying up

Natural Resources Holdings produced a terrific report—which lists the world's top 50 producing mine and undeveloped deposits—that warns there is a paucity of exploitable gold in the coming years.

Michael Allan McCrae | July 31, 2012 | 7:46 pm

Renewables cheaper than fossil fuels, nuclear by 2030

Looking at all the costs to construct and run power plants, it will be cheaper to build a wind or solar power plant within 18 years rather than one using nuclear or fossil fuel, says a research unit within the Australian Government.

Michael Allan McCrae | July 31, 2012 | 4:20 pm

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