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Mickey Fulp: A Hopeful Optimist in Today’s Markets

At this year’s Prospectors and Developers Association of Canada conference, Investing News Network spoke with Mercenary Geologist Mickey Fulp, who is hopefully optimistic in today’s resource market.

Mickey Fulp Likes US Uranium Producers

At the Vancouver Resource Investment Conference, Mickey Fulp identified Energy Fuels as a company that will prosper as the uranium price rises.

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Teck Resources to Delay Opening of BC Mine as Part of Cost-cutting Measures

CBC reported today that Teck Resources Ltd. (TSX:TCK.B) will delay the start of its Quintette coal mine in Tumbler Ridge, BC. Teck also plans to cut 600 jobs worldwide after posting profits amounting to less than half of what it made in last year’s first quarter.

TransCanada Shares Fall Following Keystone XL Delay

The Financial Post reported today that oil prices in Canada are holding steady, although shares in TransCanada Corp. (TSX:TRP) fell after news that the U.S. would delay a decision regarding the company's Gulf Coast pipeline project. TransCanada share prices fell by 3.7% in Toronto on Monday, the biggest fall since summer 2009, according to the Post.

Aldrin Resource Intercepts Strong Alteration in First 4 Drill Holes at Triple M

Aldrin Resource Intercepts Strong Alteration in First 4 Drill Holes at Triple M

Aldrin Resource Corp. (TSXV:ALN) announced that the initial four (4) drill holes on its Triple M Property in northern Saskatchewan intersected alteration, structures, and breccias zones within a metasedimentary rock succession including elevated radioactivity counts in a graphitic fault zone.

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Market News

BC Reverses Environmental LNG Rules

The Vancouver Sun reported that a government decision to exempt 99 percent of provincially produced natural gas from environmental assessment was reversed by the Liberal government and British Columbia Environment Minister Mary Polak on Wednesday.

Brent Crude Gains Tempered by Libyan Port Openings

Reuters reported today that U.S. Benchmark Brent crude oil prices increased to their highest on almost six weeks on expanding sanctions against Russia over issues in Ukraine. However, the price rise was halted with news of the first oil tanker being reloaded on Tuesday at Libya's Hariga port after a month long closure.

BC Coal Miners Take a Hit With Falling Prices

The Globe and Mail reported that a slump in coal prices is hurting mining in British Columbia and has caused US-based Walter Energy Inc. (NYSE:WLT) to cease mining operations in the province.

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