Around the world, buyers’ remorse sets in for costly clean power
Two decades ago, governments and utilities around the world began offering above-market rates and contracts to fuel the rise of clean energy, but now these pacts are under attack.
Chiquita Brands International will work with ForestEthics to eliminate shipping of Chiquita bananas with fuel from refineries that use Canada’s controversial Tar Sands. Chiquita joins a market trend against Tar Sands that now includes 15 publicly confirmed actions by major US companies.
Canada is sitting on nearly 4% of the world's coal resources, with at least 80 billion tonnes of exploitable coal and 8 billion tonnes classified as commercially feasible under today's conditions.
Rambler Metals and Mining plc (CVE:RAB, LON:RMM) enjoyed a 2.5% bump in its stock price Thursday on news that the Toronto and London-listed company has poured the first gold from its Ming Copper-Gold Mine in Newfoundland/Labrador, Canada.
Australian Paladin Energy (ASX:PDN) sees its ambitions of becoming a major uranium mining house a step closer. After three years of stand-by due to a moratorium on uranium mining on indigenous lands in Labrador, Canada, the Perth-based miner is able to start operations in the area in 2012.
Agrium Inc. (TSX and NYSE: AGU) announced today that its Board of Directors has approved a one million tonne brownfield potash capacity expansion at its Vanscoy potash facility in Saskatchewan, Canada.
Vancouver-based miner Endeavour Silver has discovered two high-grade silver/gold zones at its Guanajuato mine in Mexico and anticipates a significant increase in reserves and resources at the mine at the year-end.
Natural Resources Minister Joe Oliver says Canada's environmental review process takes too long and it should be streamlined so it doesn't last any longer than two years. Oliver made the statement in announcing federal approval for French oil giant Total's Joslyn North oilsands mine project 65 kilometres northwest of Fort McMurray, Alta.
Toyota Tsusho Corp., the trading company of the Asia’s largest automaker, will help accelerate production of rare-earth metals for Canadian mining company Matamec Explorations Inc. and buy all the output from its Kipawa mine.