Resources & Agriculture

Canadian power companies will need to spend $300 billion on capital improvements over the next two decades, but have no clear strategy for keeping power rates from skyrocketing, a new KPMG study concludes.

Ottawa must immediately freeze new licences for salmon farms in the Discovery Islands, remove the promotion of fish farming from Department of Fisheries and Ocean (DFO)’s purview and implement and properly fund a wild salmon policy that was only half-heartedly adopted in 2005.

The Mining Association of BC (MABC) announced yesterday that MABC executive member Jim O’Rourke, the CEO of Copper Mountain Mining Corporation, will be inducted into the Canadian Mining Hall of Fame on January 10, 2013.

Mining

What's the followup act for Fronteer Gold founder after its $2.3 billion sale to Newmont Mining? O'Dea reveals the plan – and his gold forecast – to BIV

West Fraser Timber Co. Ltd. (TSX:WFT) announced its third-quarter results Monday, revealing a 76% increase in earnings year-to-date compared with the same period last year.

Exxon Mobil enters Western Canada natural gas market while Petronas bid is rejected

Simpson calls it short-sighted, but forestry council supports Victoria's action plan

Vancouver-based Eldorado Gold Corporation (TSX:ELD) announced its third-quarter results Friday, showing a 26% decrease in net income compared with the third quarter of 2011. Net income was US$75.8 million for the quarter, compared with $102.

Vancouver-based Canadian Tirex Resources (TSX-V:TXX) has received the go-ahead from Albania's Ministry of Economy, Trade and Energy to transition six areas from exploration licences to 25-year mining permits, the company announced this morning.