Industry
Mining & Resources
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Oil and gas sector applauds new Alberta premier’s many pro business pledges
CALGARY – The Alberta oilpatch is applauding the provincial election win by Jason Kenney and his United Conservatives. The Canadian Association of Petroleum Producers offered congratulations and welcomed the UCP’s commitment to making regulatory, economic and fiscal policy reforms. It…
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Federal government gives environmental nod to $1.8 billion gold mine in B.C.
OTTAWA – The federal government has given approval for the $1.8-billion Gold open pit gold and silver mine in central British Columbia. An assessment by the government has determined the mine, about 110 kilometres southwest of Vanderhoof, is not likely…
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Nova Scotia seeking firms to explore possibility of digging out remaining coal
HALIFAX – Nova.Scotia’s Liberal government wants to retrieve coal from old mines, even as its federal counterpart aims for the phasing out of coal-fired electricity. A provincial request for proposals is asking firms to determine if it would be viable…
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RCMP arrest three ‘grandmothers’ at Alton Gas protest site
FORT ELLIS, N.S. – Three women described as “grassroots grandmothers” were arrested Wednesday at a rural construction site north of Halifax, where an Indigenous protest camp has long held up a company’s contentious plan to build a natural gas storage…
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Nova Scotia opens $1.5 million mineral development fund for applications
HALIFAX – Nova Scotia’s mines minister is highlighting $800,000 added to a mineral development fund as part of the Liberal government’s 2019-20 budget. The province is increasing the Mineral Resources Development Fund to a total of $1.5 million. Minister Derek…
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Newmont shareholders vote in favour of US$10 billion Goldcorp takeover
VANCOUVER – Newmont Mining Corp.’s US$10-billion all-share takeover deal of Goldcorp Inc. is almost complete after shareholders of the Denver-based company voted in favour of the merger Thursday. The company said shareholders voted more than 76 per cent in favour…
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From Hawkesbury to Estevan, documents show towns to be hit hardest by automation
HAWKESBURY, Ont. – Sitting around a table with fellow Steelworkers, Steve Berniquez starts listing companies that once stood in and around Hawkesbury, a small Ontario town an hour’s drive east of Ottawa. When he mentions Canadian International Pulp and Paper,…
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Lundin Mining signs deal to buy Chapada mine in Brazil from Yamana Gold
TORONTO – Lundin Mining Corp. has signed a deal to buy the Chapada copper-and-gold mine in Brazil from Yamana Gold Inc. in a deal worth more than US$800 million. Under the agreement, Lundin will pay US$800 million in cash for…
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Goldcorp shareholders vote in favour of takeover by Newmont Mining
VANCOUVER – Goldcorp Inc. shareholders have voted overwhelmingly in favour of the company being taken over by U.S. mining giant Newmont Mining Corp. Vancouver-based Goldcorp says its shareholders voted more than 97 per cent in favour of the deal that…
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Man, 27, suffers life threatening injuries in gypsum mine accident
HAGERSVILLE – Provincial police say a man is in life-threatening condition after a large rock fell on him at a gypsum mine southwest of Hamilton. The Ministry of Labour has been called in to investigate after the workplace accident at…
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Canadian Arctic has all the mineral ingredients for prized blue gemstones
VANCOUVER – Baffin Island holds some of its treasures in plain sight with rocks that produce rare gems sitting exposed to the elements, scientists say. A new study from the University of British Columbia shows the area is home to…
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All workers ‘accounted for’ after tower collapse in Sarnia: Imperial Oil
SARNIA – Imperial Oil says “all workers have been accounted for” after a tower collapsed at its facility in Sarnia, Ont., Tuesday night. In a post on its Facebook page, the company says the tower was out of service at…
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Crude by rail rises in March but storage high despite Alberta curtailments
CALGARY – Crude-by-rail shipments from Western Canada staged a minor recovery in March after falling in February to their lowest level in nine months, but oil storage levels remain stubbornly high, according to Genscape. The U.S. company, which monitors western…
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Detour Gold names new permanent CEO after Paulson led proxy battle
TORONTO – Detour Gold Corp. has named a new CEO after an activist investor helped push for a leadership shake-up last year. The company says Michael McMullen will come on as chief executive and director on May 1, pending his…
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Canadian oilfield services firms bringing in more revenue from U.S. operations
CALGARY – Large Canadian oilfield services companies with operations in the U.S. are now earning more of their revenue south of the border than they are in Canada, according to a study by AltaCorp Capital. That trend is expected to…
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Hudbay’s Rosemont mine pushes ahead despite concerns on water impacts
TORONTO – A controversial mine being developed by a Canadian company in Arizona shows the lengths to which the industry will go to feed the world’s unrelenting demand for copper. Hudbay Minerals Inc. and a previous owner have been pushing…
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Potash companies say Saskatchewan did not consult on budget tax change
REGINA – Two major potash companies say the Saskatchewan government gave them no warning it would be eliminating deductions and credits related to its potash production tax. The move was announced in the provincial budget released Wednesday. The government says…
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Newmont Mining to pay special dividend if Goldcorp takeover approved
DENVER – Newmont Mining Corp. is offering a special dividend to its shareholders if its friendly takeover of Goldcorp Inc., which has faced opposition, wins shareholder approval. The gold miner will make a one-time payment of 88 cents per share,…
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Support for climate change action could wane if no help for coal workers: report
OTTAWA – The federal government has to prepare communities that are economically dependent on coal for a future when their products aren’t needed if it wants to maintain public support for climate-change action, says a task force on making that…
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Imperial Metals selling 70 per cent stake in Red Chris mine to Newcrest
VANCOUVER – Shares in Imperial Metals Corp. soared in early trading after the company announced a deal to sell a 70 per cent interest in its Red Chris copper and gold mine in B.C. to Australia’s Newcrest Mining Ltd. for…