Globe and Mail

No argument over oil sands in Alberta election

Alberta’s oil sands stir controversy during election season − just ask politicians trying to solidify power in Ottawa or Washington. But for leaders jostling for the premier’s seat in Alberta? Not so.

Iron ore producers undeterred by slowing growth in China

Rio Tinto warned Tuesday that growth in China's steel output is slowing.

Government plays down oil sands document

The federal government disassociated itself on Thursday from an embarrassing official policy paper that said the country’s independent energy regulator, now studying a controversial oil pipeline, is in fact a government ally.

Ottawa promises speedier review of oil sands projects

The federal government is working to speed into place changes this year to expedite the regulatory review of new industrial projects. Ottawa plans to unveil new plans in “months, not years,” Natural Resources Minister Joe Oliver said in Calgary on Wednesday.

Europe’'s crisis sideswipes precious metals sector

The precious metals that were supposed to provide a haven in times of economic turmoil are rapidly losing their lustre as the year draws to a close.

Warburg Pincus sees oil sands opportunity

Warburg Pincus LLC, one of the world’s oldest and largest private equity firms, wants to do more deals in Canada’s oil sands. In a rare interview, Charles (Chip) Kaye, co-president of the New York-based firm, said he thinks the U.S. government’s decision to postpone approval of TransCanada Corp.’s Keystone XL pipeline was shortsighted. And it will in no way diminish Warburg Pincus’s appetite for oil sands investments.

Activist nun who fought Indian mining companies brutally murdered

How an activist nun in eastern India lost her life while organizing impoverished aboriginals against mining company interests.

AngloGold gains 20 pct stake in Mariana

Mariana Resources Ltd. (MRY-T0.210.0743.33%) has agreed to sell a nearly 20-per-cent stake in the mining company to AngloGold Ashanti Ltd. for about $8.5-million (U.S.) through a private placement.

Native community resists BC premier's China-backed coal-mine plans

The Globe & Mail reports this week, British Columbia premier Christy Clark announced during her China trade mission that she has secured $860 million in financing to build a coal mine in northeast BC near Hudson’s Hope which will eventually create 4,800 jobs. What Clark didn’t mention is the hitch: The proposed Gething mine would be built in the West Moberly First Nation’s territory. The province knows full well that the native band – one of a small number with a treaty in BC – opposes the plan.

MF Globals demise felt by commodities exchanges

The most dramatic effect of MF Global’s bankruptcy is being felt on the other side of the world from the company’s New York offices. Sheep farmers in Australia woke up on Tuesday morning to discover their wool futures market had closed down.

'Discount' valuation adds shine to North American Palladium

The outlook for the palladium sector is not so grim despite slowing demand for the white metal from Asia’s auto industry, says Raymond James analyst Bart Jaworski.

Natives renew their fight as Ottawa weighs revised plan for B.C. gold mine

First nations leaders say the are experiencing an unsettling sense of déja vu as they resume the fight against a massive gold mining project in British Columbia that was rejected by the federal government last year after a scathing environmental assessment.

Facing 'dirty' label, oil patch looks to partners

corporate heavyweights in Fort McMurray, Alta., will help to derail a new fuel standard they say discriminates against oil sands crude. Some time in the next few weeks, European nations will consider a fuel quality directive that seeks to reduce the

Mining: A great sector to play seasonal trends

The metals and mining sector offers one of the more consistent seasonal plays each year. Its period of strength is from the end of November to the end of May. Average return per period during the past 20 periods is 8.0 per cent.

Short-sellers level new charges against Silvercorp

Short-sellers increased their pressure on Silvercorp Metals Inc. (SVM-T). In a posting on alfredlittle.com, the short-sellers accused China-focused Silvercorp of inflating earnings, and offered more details on earlier allegations against the miner.

Why diamonds may be an investing gem

Can you name a precious commodity that hit record prices this summer? That has long been considered highly valuable for its remarkable beauty alone? In which demand is surging at the same time as mineable supplies are shrinking?

Amid oil sands growth, a boom for natural gas

The rapid growth of Canadas oil sands is expected to dramatically increase its consumption of natural gas over the coming decade, a prospect that stands to help Albertas gas industry but raise the countrys emissions.

Selling oil sands coast to coast

The environmentalists protesting daily outside the White House over a proposed pipeline to carry “dirty” Alberta oil south – and landing in the slammer for it – cast doubt on Canada’s image as a pristine purveyor of nice. Luckily, Gary Doer has been several steps ahead of them.

Aurizon’s new CEO takes reins at gold miner

In late June, Aurizon Mines announced that George Paspalas would take over as president and chief executive officer for David Hall, who has been with the company for decades. (Mr. Hall is staying on as chairman.) Mr. Paspalas' career includes fourteen years in senior management positions, most recently as the Chief Operating Officer at Silver Standard Resources Inc.

Gold's steady rise in pictures

A look at gold's movement since the U.S. abandoned the gold standard in 1971.

Xstrata to pump $530 million into Quebec nickel mine

Global miner Xstrata announced Tuesday it plans to invest a further $530 million to develop new projects at Raglan mine in northern Quebec. The U.K.-based company says the investment will allow it to further develop the nickel project.

Technical investor cashes in on silver miners

Now living on Gabriola Island, B.C., retired teacher Rob Plowright says he’s glad to have received two important lessons about investing. “When we paid off our mortgage, my accountant said to me, ‘You’re not used to having that money. Put away what you’ve been paying on your mortgage in an RRSP, and you’ll have a lot of money when you retire.’”

BHP Billiton declares force majeure at Escondida

BHP Billiton Ltd. has declared force majeure on exports from the world’s biggest copper mine, as a mine workers’ strike entered its eighth day. The strike at BHP’s Escondida mine in Chile, which supplied 7 per cent of the world’s copper last year, comes in a month of widespread mining strikes from Indonesia to South Africa. BHP's Escondida mine (pictured) has been the site of an 8-day strike in Chile.

Glencore to stop reporting quarterly results

Glencore has decided to stop reporting its results every quarter, in a move that is likely to soothe tensions with Xstrata, the mining company in which it owns a 34 per cent stake.

Rio Tinto iron ore output rises

Global miner Rio Tinto (RIO-N70.71----%) is on track to hit its 2011 iron ore production target after posting on Thursday a 12-per-cent rise in second-quarter output on the year, but its Australian coal operations were still recovering from floods.