Industry
Mining & Resources
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Group wants new agency to oversee oil and gas industry in British Columbia
VANCOUVER – British Columbia’s Oil and Gas Commission isn’t taking action that would protect the environment in the public interest, favouring instead the companies it is intended to police, says a new report. Author Ben Parfitt accused the Crown corporation…
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Oil spills leave regulator unhappy with performance of N.L.’s offshore industry
ST. JOHN’S – The chairman of Newfoundland and Labrador’s offshore oil industry regulator says back-to-back spills from the Hibernia platform over the last month represent concerning failures to meet obligations to society and the environment. An estimated 2,200 litres of…
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ExxonMobil fined $40,000 after near miss on rig off Nova Scotia last fall
HALIFAX – Nova Scotia’s offshore regulator has fined ExxonMobil Canada Ltd. $40,000 after a “near miss” incident last fall that saw a chain dropped on the Noble Regina Allen drilling rig. The Canada-Nova Scotia Offshore Petroleum Board says it found…
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Barrick earns US$194M profit, annual production expected at top end of guidance
TORONTO – Barrick Gold Corp. reported a second-quarter profit of US$194 million compared with a loss of US$94 million a year ago. The gold miner, which keeps its books in U.S. dollars, says the profit amounted to 11 cents per…
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Transportation Safety Board team in Yukon after Aug. 6 fatal plane crash
WHITEHORSE – Transportation Safety Board investigators have arrived in Yukon to begin the investigation into Tuesday’s fatal crash of a small plane north of Whitehorse. The pilot, 24-year-old Shawn Kitchen of Whitehorse, and his passenger, 33-year-old Vancouver-based geologist Julia Lane,…
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Finning optimism rises on better than expected oilsands, construction markets
Surprising strength in western Canadian oilsands and construction markets along with rising interest in driverless mining trucks and a tax cut in Alberta are fuelling optimism for Finning International Inc. The Vancouver-based heavy equipment dealer on Wednesday credited sales and…
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Mosaic lays off about 350 workers as it idles Colonsay mine in Saskatchewan
COLONSAY, Sask. – The Mosaic Co. says it is cutting about 350 workers at its Colonsay potash mine in Saskatchewan as it ramps up production at a lower-cost operation. The fertilizer giant says it has issued 395 layoff notices to…
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Crude curtailment program ‘no way to run a railroad,’ says Imperial Oil CEO
CALGARY – Alberta’s oil curtailment program has worked to reduce inventories that had resulted in steep discounts in local oil prices, but it has hurt crude-by-rail economics and it’s time for it to end, the CEO of Imperial Oil Ltd.…
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B.C. First Nation buys 5 per cent stake in $2.5 billion clean energy projects
VICTORIA – An Indigenous nation in northwest British Columbia says an investment in clean-energy projects worth more than $2.5 billion represents a historic move towards its economic independence. The Tahltan Nation announced Monday the purchase of a five per cent…
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Hudbay shares plunge after U.S. court halts Rosemont copper project
TORONTO – Shares of Hudbay Minerals Inc. closed down more than 21 per cent on the Toronto Stock Exchange Thursday on news that a U.S. court had blocked development of a major copper mine. The company says a U.S. federal…
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Canadian Natural identifies more cost savings from $3.8 billion Devon purchase
CALGARY – Cost-saving synergies from its $3.8-billion purchase of the Canadian heavy oil and oilsands operations of Devon Energy Corp. will likely exceed expectations, Canadian Natural Resources Ltd. said on Thursday. The Calgary-based company said initially it expected to realize…
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Continental Heavy-Duty Air Hose
Super Rock Drill 600 HT, Continental new heavy-duty air hose, has been introduced for the construction and mining markets. The air hose is designed for applications requiring high working pressure hose in a high temperature environment. “This is a hand-built…
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Barrick Gold reaches deal for Acacia Mining after raising offer for company
TORONTO – Barrick Gold Corp. has reached a deal to buy the stake in Acacia Mining that it does not already own, after raising its offer for the African gold miner. Under the deal, the Toronto-based mining giant will swap…
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Bystander training gains traction as tool to prevent sexual harassment, violence
It wasn’t until the rise of the #MeToo movement that Julia Gartley began talking more about that night, early in her mining career. The engineer was one of the few women at a remote mining operation when, after a social…
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Research on capturing carbon from mining secures federal funding
CALGARY – A research collaboration between universities and mining companies to capture carbon in mine tailings has been boosted by a federal government grant. Natural Resources Canada has awarded $2 million to the University of British Columbia-led project, while several…
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Trudeau says Ottawa open to proposals for B.C. refinery as gas prices soar
VICTORIA – Prime Minister Justin Trudeau says Ottawa is open to proposals from the private sector for a refinery in British Columbia, as a public inquiry into the province’s soaring gas prices reviews possible solutions. The prime minister says he…
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Critics and industry clash over accuracy of Alberta well cleanup cost estimates
CALGARY – An Alberta coalition that says oil and gas producers are lowballing how much it will cost to clean up their wellsites is being accused by the head of the Alberta Orphan Well Association of overstating those numbers. The…
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Natural gas producers demand government action in open letter to Kenney
CALGARY – The CEOs of nine Alberta natural gas producers have released an open letter to Premier Jason Kenney asking him to show “bold leadership” in supporting a plan to restrict production to boost low gas prices. The letter warns…
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RNC Minerals CEO resigns for personal reasons effective immediately
TORONTO – RNC Minerals says its president and chief executive has resigned effective immediately for personal reasons. Mark Selby was appointed CEO in 2014, about four years after joining Royal Nickel Corp., as it was previously called, as senior vice-president…
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Barrick Gold reaches deal for Acacia Mining after raising offer for company
TORONTO – Barrick Gold Corp. has reached a deal to buy the stake in Acacia Mining that it does not already own, after raising its offer for the African gold miner. Under the deal, Barrick will swap 0.168 of a…
