Industry
Mining & Resources
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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…
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Chornobyl’s radioactive dust shelter unveiled
KIEV, Ukraine – Ukraine’s President Volodymyr Zelenskiy on Wednesday inaugurated a giant structure built to confine radioactive debris at the nuclear reactor that exploded in Chornobyl in 1986. The confinement structure for the Chornobyl nuclear power plant’s Reactor No. 4…
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Cenovus produces one billionth barrel from thermal oilsands operations
CALGARY – Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday. The milestone comes about 18 years after Cenovus’ Foster Creek facility was launched in 2001 as the first…
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Cape Breton coal mining suspended after new roof collapse; no injuries reported
DONKIN, N.S. – Operations at Canada’s only operating underground coal mine have been suspended due to another roof collapse, this time in the entrance tunnel to the Cape Breton colliery. Nova Scotia’s Labour Department said Monday that inspectors have been…
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Alberta to hold $2.5 million public inquiry into funding for oil and gas foes
CALGARY – The Alberta government will hold a public inquiry into environmental groups that it says have been bankrolled by foreign benefactors hell-bent on keeping Canada’s oil and gas from reaching new markets while letting oil production grow unabated in…
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ABI aluminum smelter to reopen as workers accept offer 18 months after lockout
BECANCOUR, Que. – Employees of the ABI aluminum smelter in Becancour, Que., who have been locked out for nearly 18 months, have accepted the company’s latest offer. Meeting in Trois-Rivieres, Que., workers voted 79.8 per cent in favour of the…
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Workers who were trapped deep in Saskatchewan mine now safely back on surface
SASKATOON – A fertilizer company says all 34 people who were trapped deep in a Saskatchewan potash mine for more than a day are now safely above ground. Will Tigley, a spokesman with Nutrien Ltd., said a service shaft stopped…
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Pipeline spill spoils geothermal project announcement for oil company
CALGARY – A junior oil company is announcing government funding for an environmentally friendly geothermal power project at the same time that it is cleaning up a spill of oil and water from a pipeline in northern Alberta. Calgary-based Razor…
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Gas prices could rise after fire stricken refinery closes
(AP) The largest oil refinery on the East Coast said Wednesday that it will close after a devastating fire last week that set off explosions and damaged equipment, and analysts said consumers could see gas prices rise as summer travel…
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Feds announce funding for coal transition in Alberta, Saskatchewan
NISKU, Alta. – The federal government is announcing projects to help western workers and communities dependent on coal mining to become less reliant on the industry. Natural Resources Minister Amarjeet Sohi says nine grants for organizations in Alberta and Saskatchewan…
