Levels of economic freedom among American states have declined significantly compared to Canadian provinces, according to a new report released today by the Fraser Institute.
Gareth Hatch, co-founder of Technology Metals Research LLC, gives us the lay of the land in the rare earth sector. Many variables […]
A new study is casting doubt on the viability of undersea mining, despite recent success by Vancouver-based Nautilus Minerals (TSE:NUS) in obtaining the first-ever permit to mine the seafloor off the coast of Papua New Guinea. The Canadian-led study, published in the journal Geology, states that "the possibility of mining sea floor [deposits] has stirred debate about the sustainable use of this new resource and whether commercial development is worth the risk.” The Vancouver Sun quotes Mark Hannington, the University of Ottawa's Goldcorp Chair in Economic Geology and lead author of the study, saying that while there may be vast mineral deposits under the ocean, they cannot hope to meet the world demand for metals:
Aecon Group, Canada largest construction firm, announced Monday it has signed a letter of intent with the Potash Corporation of Saskatchewan for a project valued at over $250 million to install the interior of a new process mill at the PotashCorp mine site near Rocanville, Saskatchewan. The project will create approximately 800 jobs at the construction site said Aecon in a press statement. Site preparation is expected to begin in early 2012 and this portion of the project is scheduled for completion in the fall of 2013. Monday's deal brings the total value of projects announced by Aecon since September to over $850 million which has given its share price in Toronto an almost 30% boost over the period.
ABB, the leading power and automation technology group, recently won a $24 million order to supply a complete ore hoisting solution for Xstrata Zinc's George Fisher Mine (GFM) located near Mount Isa in north-west Queensland, Australia.
Every investor knows that it's hard to time the market.
South Africa's Lesedi Drilling and Mining Contracting Company focusses on employee safety and educating staff, and they believe this positions Lesedi ahead of its competitors, they report in today's press release.
"Safety has to be a culture in which people instinctively act in a safe way," notes the Lesedi website. "That can only happen if the top and middle management of the company live, breathe and champion safe working practices all the time and the people operating machinery are properly trained."
A major expansion to an existing coal mining operation near historic Bryce Canyon National Park is getting a frosty reception in tourism-friendly Utah, reports Steel Guru. Alton Coal Development LLC and partner Kane Mining want to expand their reserves at the Coal Hollow Mine — Utah's only coal strip-mine — just one year after the mine opened. The expansion to more than 3500 acres requires the approval of the US Bureau of Land Management. But opponents are already lining up against the proposal, with one online petition signed by over 21,000 people.
In a letter to British Columbia Premier Christy Clark, 36 scientists asked for her leadership to balance impending industrial development in northwest B.C. with the outstanding fish, wildlife and ecological values of this largely pristine region.
Lake Shore Gold Corp. (TSX:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced the completion of an initial National Instrument ("NI") 43-101 resource estimate for the Company's wholly owned Thunder Creek property located in Timmins, Ontario.