October 30, 2012

TransCanada’s profit in the third quarter down 4%

TransCanada Corp. (TSX, NYSE:TRP), Canada's largest pipeline company, said Tuesday third-quarter profit dropped 4% compared to the same period last year, missing estimates.

October 30, 2012

New oil, gas and mineral discoveries boost African economies growth — World Bank

Despite setbacks in the global economy, sub-Saharan Africa is expected to grow at 4.8% in this year, broadly unchanged from the 4.9% growth rate registered in 2011 and largely on…

October 30, 2012

Oldest nuclear plant in US on alert as Hurricane Sandy lifts water levels

The Oyster Creek nuclear plant in New Jersey was placed on alert on Monday night as Hurricane Sandy sent water rising 6 feet above sea level.

October 30, 2012

Mounties turn to ‘diamond cop’ to deal with smuggling of gemstones and drug dealers’ treasures troves

The Royal Canadian Mounted Police (RCMP) have appointed a special "diamond cop" to combat the smuggling of gemstones and precious metals as the illegal trade flourishes on the back of…

October 30, 2012

Yuan’s rise to historic highs could lend impetus to China’s overseas buying spree

The Chinese yuan hit historic highs against the US dollar on the inter-bank spot market on Monday, rising to RMB6.2371 per dollar […]

October 30, 2012

Central bank gold is not in the vaults: Embry

Precious metals investment strategist John Embry says the physical gold in the vaults of central banks falls far short of what they […]

October 29, 2012

Number of High Risk Suppliers, Including Counterfeiters, Surges by More than 60 Percent from 2002 to 2011

Growing trend highlights the need for members of all tiers of the supply chain to implement tighter supplier-monitoring and procurement procedures

October 29, 2012

Fluor to Provide Engineering Services on MacKay River Oil Sands Project in Northern Alberta

It will provide Suncor Energy front-end project management and engineering services on the energy company’s MacKay River Phase 2 oil sands project near Fort McMurray, Alberta, Canada.

October 29, 2012

Xstrata shareholders caught in ‘prisoner’s dilemma’ Could Anglo or Vale free them?

Even shareholders choking on $200 million of management bonuses, may have to okay the compensation if they want the deal to go ahead. But Xstrata may have other options beside…

October 29, 2012

Russia nearly doubles 9M 2012 copper exports

Exports of refined copper from Russia increased by 93.5% YoY in January-September 2012 to 204,900 metric tons, the Ministry of Economic Development has reported.