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Fortune makes new copper discovery at NICO

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Saskatchewan hopes to export $3bn in uranium to China

Brad Wall, premier of the Canadian province of Saskatchewan, says the negotiation of a nuclear agreement between Canada and China could lead to huge exports of uranium from the prairie province to the PRC. Wall made the comments during an interview with Canada's CBCin Hong Kong during a group visit to China with other Canadian premiers for the purpose of boosting business ties. According to Wall the Canadian prime minister's negotiation of the Nuclear Cooperation Agreement with China could enable Saskatchewan to export $3 billion into what he refers to as the "most robust nuclear power program in the world." Wall extolled the benefits of trade with China for Saskatchewan, saying China's food and energy needs will serve as an immense boon for the province's potash and uranium exports.
For Saskatchewan there's a great importance here. We've seen our exports to China from Saskatchewan triple from 2006. We've moved past Ontario and Quebec in terms of the exports to China specifically. In the first half of this year we're up 103% over the first half of last year and typically our best exporting months come at the back end of the year.
Image courtesy of the Saskatchewan Premier's channel via Youtube

PotashCorp ups dividend 50%

Potash Corporation of Saskatchewan Inc. (NYSE:POT) announced on Thursday that it was increasing the the company's quarterly cash dividend from 14 cents per share to 21 cents per share.

Verdict on massive Nunavut iron ore mine imminent

Baffinland's controversial and massive Mary River iron ore mine in the Qikiqtani Region of Nunavut —almost 500 kilometres inside the Arctic circle— continues to polarize residents as the $4 billion project awaits its final approval.