Takeover activity is poised to heat up in the Canadian uranium sector as energy-hungry China hunts for feedstock to fuel its growing family of nuclear reactors.
The Canadian federal budget due to be released next week will please miners and the oil patch and is likely to make environmental groups see red, not green.
President Barack Obama will announce tomorrow a fast tracking of the approval of the southern half of TransCanada's (TSX, NYSE: TRP) Keystone XL oil pipeline, CNN reports.
Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) ("Rubicon") is pleased to announce that the amendments to the Permit to Take Water, the Industrial Sewage Certificate of Approval and the Air Certificate of Approval, pertaining to its 100% owned Phoenix Gold Project located in the heart of the prolific Red Lake Gold district, have been accepted and approved by the Ontario Ministry of Environment.
Mining company boss Steve Letwin was ecstatic when he struck a precedent-setting deal with the Canadian government to work together on a training project for African youth. “I think it’s the model of the future,” says the president of IAMGOLD Corp., the Toronto gold miner that operates the biggest mine in the West African country of Burkina Faso.
The government of Quebec, Canada’s most indebted province, is banking on a royalty windfall from its natural-resources sector, especially mining, to help begin its long climb out of the red.
Thomas Mulcair, a leading light in Canada's New Democratic Party and the man most likely to become the Opposition Leader when the party votes next Saturday, appears to be moderating his stance on the Alberta oilsands.
The Toronto Stock Exchange opened this morning moderately higher as commodity prices increased driven mainly by traders’ hopes of a U.S. housing market in recovery mode.