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Experts urge Canada to follow New York’s “no fracking way” example

Expert from Cornell University, said that authorities should wait for results of the several ongoing studies on health and environmental dangers of fracking before granting rights to mining companies. In a talk given last night in New Brunswick, Canada, Dr. Ingraffea, said that one of the biggest problems of fracking is the failure of wells, which allowes methane gas to escape, polluting drinking water and entering the atmosphere.

Gold hit a 2-week high on Thursday

Gold hit a 2-week high on Thursday as gains in equities and the euro prompted buying from speculators after major central banks took coordinated action to prevent the euro-zone debt crisis from igniting a global economic meltdown.

Mining licence granted for Namibian uranium project

Kalahari Minerals (LON:KAH) and Extract Resources (ASX:EXT) were both up slightly today after the companies announced they have received a mining licence for their Husab uranium project in Namibia. London-listed Kalahari has a 42.7% stake in Extract. Kalahari said in a press release that the mine lease, valid for 25 years, will allow the project to move into production and establish Husab as one of the three largest uranium mines in the world. The company states the mine would produce 15 million pounds of U3O8 per year through open-pit mining. The deposit has a resource estimate of 500 million pounds U3O8.