In a move that seems certain to slow foreign investment, the government of Argentinian President Fernandez de Kirchner has passed a law requiring oil, gas and mining companies to repatriate future export revenue. The Vancouver Sun reports: "President Cristina Fernandez de Kirchner, in her first move since being re-elected Oct. 23, changed a 2002 decree requiring companies such as Repsol YPF SA, Total SA, Petroleo Brasileiro SA and Pan American Energy LLC to to keep at least 30 percent of their export revenue in the country." Effective immediately, resource companies will have to repatriate (convert into pesos) all of their export revenues.

Vancouver-based Goldcorp on Wednesday reported record third-quarter net income on an adjusted, non-GAAP basis of $459 million or $0.57 per share from $244 million or $0.33 per share in the third quarter last year. Revenues for the quarter grew 48% to $1.31 billion from $885 million in 2010 on gold sales of 571,500 ounces. Average realized gold price surged 39% over 2010 to $1,719 per ounce. Cash costs at Goldcorp now amount to $258 per ounce on a by-product basis and $551 per ounce on a co-product basis.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2011) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it will pay an eligible dividend of $0.40 per share on its outstanding Class A common shares and Class B subordinate voting shares on January 3, 2012, to shareholders of record at the close of business on December 15, 2011. This represents a 33 percent increase from the previous dividend.

Washington lawmakers yesterday approved a bill to approve a land exchange clearing the way for what would be North America’s largest copper […]

The US state department's anonymous leak to the media on Tuesday lowering expectations about a decision on Keystone this year should not come as a surprise to anyone following Barack Obama's poll numbers or the increasing bitterness on the left about his perceived closeness to industry.

Potash royalties took centre stage yesterday night in a lively debate between Saskatchewan Premier Brad Wall and Dwain Lingenfelter, the leader of the province's NDP. Saskatchewan is in the midst of an election campaign with voters going to the polls on November 7. Lingenfelter went on the offensive, attacking the potash industry for what he says are unfair royalties. The NDP would tax an extra five cents of every dollar of potash sales, and use up to $700 million in extra potash revenues to fund their platform. "That's our strategy. To move (the royalty) from a nickel on the dollar, do the review and get at least 10 cents on the dollar. I don't think that's asking too much," " said Lingenfelter.

On top of a 3.3% decline in US crude oil prices on Wednesday comes news from Reuters that a US State Department official said the year-end target to approve the Keystone XL oil sands pipeline could well be missed. It would be the second time a decision has been pushed out. A surge in inventories at the Cushing hub in the Midwest, the pricing point for US crude was behind the fall and a further delay to Keystone, designed to carry Canadian crude to Texas refineries and relieve the Cushing glut, will hit oil sands producers particularly hard. Canada's heavy oil already sells at almost a $30 discount to the international price.

Canada's number one coal producer and world-leading nickel miner, Sherritt jumped 10.2% on Wednesday after reporting a doubling of quarterly net earnings and good progress at its massive Ambatovy project in Madagascar. Sherritt will start production at Ambatovy in the first quarter of next year. The company has already spent more than 90% of the planned $5.5 billion to build what will be the world's biggest nickel mine with the capacity to produce 60,000 tonnes of nickel and 5,600 of cobalt a year. Sherritt and its Asian partners have made the largest investment in the island's history and will make nickel the country's number one export for the next 27 years.

Bellhaven Copper & Gold (CVE:BHV), a Canadian exploration company operating in Panama and Colombia, received a 10.2% equity interest investment by IAMGOLD Corporation which will subscribe for eleven million units of Bellhaven at C$0.55 per unit. In mid-October, IAMGOLD (TSE:IMG) said it was going start buying new companies that would complement its core strengths, established relationships with foreign governments and working experience in Africa and the Americas. "The private placement will build our treasury to approximately $9.6 million, allowing us to ramp-up the exploration programs at La Mina," said Paul Zweng, Bellhaven's interim CEO and director.