USA and Canada

Treasury Metals has more going for it than most gold mining companies. CEO Martin Walter talks about the advantages of the Goliath project and the progress being made towards production.

In these tough economic times, it is hardly surprising that a great deal of attention is being focused on natural resources and any country lucky enough to have oil, coal or mineral reserves feels a lot more secure for that. Just how much can be derived from Canada is a matter for speculation, but there's huge interest in the known resources.

Canuc Resources Corporation has announced that diamond drilling is scheduled to commence on its Mill Village gold property in Nova Scotia by mid-November.

A minimum of 1,000 metres will be drilled on two main target areas developed during the 2012 exploration season, the Hornet and 667 grids respectively.

During May 2012, 19.475 kilometers of induced polarization (I.P.) surveying was conducted over portions of both the Hornet and 667 grids defining 20 significant individual I.P. anomalies distributed along four linear trends.

The Seattle-based company reported net income at its shops that have been open at least a year coming in at $359 million in the three months to September. Overall revenue rose 11 percent to a record $3.36 billion, while same-store sales increased by six percent. The company responded to the results by stating that it was likely to make higher than expected profits in the year to come.

TransCanada Corporation today announced that its Mexican subsidiary, Transportadora de Gas Natural del Noroeste, has been awarded the contract to build, own and operate the El Encino-to-Topolobampo Pipeline in Mexico.

TransCanada expects to invest approximately US$1 billion in the Topolobampo Pipeline project, which is supported by a 25-year natural gas transportation service contract with the Comisión Federal de Electricidad (CFE), Mexico's federal power company.

Dan Cartwright, president of Walter Energy’s Canadian operations, talks about developing reserves of a material that society can neither do without, nor replace.

Prospecting for natural resources is such a hit and miss affair that finding anything must come as a great relief. When new deposits of coal are found to consist of metallurgical rather than thermal grades, however, the champagne really starts to flow.

The New York Stock Exchange will be closed today and potentially tomorrow as Hurricane Sandy threatens to unleash unprecedented havoc on the US east coast.

We generally think of hurricane season as affecting Florida and the Caribbean in August and September. It’s not something readily associated with New York City in October.

This is, in fact, the first time since Hurricane Gloria in September 1985 that the stock market has closed for a full day because of the weather.

United Technologies Corp is selling the former Goodrich Corporation pump and engine control systems business to TransDigm Group Incorporated for approximately $236 million in cash.

The transaction is subject to regulatory approvals and customary closing conditions, but closing is expected late this year or early in 2013.

The deal, valued at $225 million, is expected to be complete by the end of the year and follows Nike’s earlier announcement that is looking to sell off the firm, which specialises in the manufacture of football kits.

"It is difficult to divest any business, but this action will enable us to focus on our highest-potential growth opportunities," said Nike boss Mark Parker. "Umbro has a great heritage but, ultimately, as our category has evolved, we believe Nike football can serve the needs of footballers on and off the pitch."

Westshore, with a capacity of 29 million tonnes per annum, is far and away the largest coal terminal in Canada handling more than the combined capacity of other ports on the North American west coast.