News
Mexico pushing labour reform, won’t ratify new NAFTA with U.S. tariffs in place
OTTAWA – Mexico’s Congress will be asked to approve a major labour-reform bill this spring as a necessary step to ratifying the new North American free-trade pact later this autumn, say Mexican officials. But unless the Trump administration lifts the…
Newmont Mining board rejects Barrick takeover offer, proposes joint venture
TORONTO – The board of directors of Newmont Mining Corp. unanimously rejected a hostile takeover offer from Barrick Gold Corp. on Monday and countered with a proposal of its own – a new joint venture to operate the two companies’…
Oil curtailment mistakes spawn costly Alberta rail plan, Husky execs say
CALGARY – The Alberta government’s decision to spend $3.7 billion to move more crude by rail is an unintended consequence of its poorly considered production cut order, executives with Husky Energy Inc. charged on Tuesday. The Calgary-based company, which has…
Syncrude wants judge to dismiss lawsuit of former firefighter with PTSD
CALGARY – Oilsands giant Syncrude Canada wants a judge to dismiss a lawsuit by a former first responder who claims he was wrongfully fired following a diagnosis of post-traumatic stress disorder. Michael Swan filed the lawsuit in Alberta Court of…
Encana says cost cutting includes 15% job reduction after Newfield acquisition
CALGARY – The CEO of Encana Corp. says it cut its total workforce by 15 per cent and reduced its ranks of executives by 35 per cent in just over a week after closing its deal to buy U.S. rival…
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RAM 1500 Ages Like a Fine Wine
While RAM, which at the time was still a Dodge, may have been one of the first to introduce a ‘semi’ truck looking front end to its pick-up truck, it is now the norm. Just look at the grilles on…
‘Can be justified:’ Regulator gives conditional OK to Trans Mountain expansion
CALGARY – Battle lines over the Trans Mountain pipeline expansion were already being redrawn Friday after the National Energy Board gave its conditional endorsement to the project. The federal energy regulator said an increase in tanker traffic from a bigger…
Environmental groups go to court today over Old Harry oil exploration
ST. JOHN’S, N.L. – Environmentalists fearing the consequences of an oil spill in the Gulf of St. Lawrence, home to thousands of marine species, will have their say in court Monday. Newfoundland and Labrador’s offshore regulator will be in court…
Calgary cement plant worker injured on job, dies en route to hospital
CALGARY – A worker is dead after an accident at a Calgary cement plant. Emergency crews were called to the Inland Concrete operation in the city’s northwest on Tuesday. A man was taken by ambulance for treatment but died of…
Stelco says fed measures helping steel prices as it focuses on domestic market
HAMILTON – Steel producer Stelco Holdings Inc. says federal protections for the industry have helped prop up earnings as it focuses more on the domestic market. Executive chairman Alan Kestenbaum said measures Ottawa put in place to protect against cheap…
Alberta government helping new methanol plant with $80M in royalty credits
GRANDE PRAIRIE – Alberta is giving $80 million in future royalty credits for construction of a new methanol plant in the province’s northwest. Premier Rachel Notley says Nauticol Energy is to start construction on the $2-billion plant near Grande Prairie…
Hudbay investors ramps up criticism of company in push for leadership change
TORONTO – An investor in Hudbay Minerals Inc. has released more detailed criticisms of the company as part of an effort to replace its leadership team. Waterton Global Resource Management Inc., which owns about 12 per cent of Hudbay, outlined…
Barrick’s makes hostile bid for Newmont as talks on partnership fall apart
TORONTO – A simmering dispute between world’s two largest gold miners erupted publicly Monday as Barrick Gold Corp. formally made a hostile US$18-billion bid to merge with Newmont Mining Corp. in a plan that would create the undisputed global leader…
Magna says tariffs still a problem, but USMCA could eventually give it a leg up
The head of Magna International Inc. says U.S. tariffs on Canadian steel and aluminum continue to dent the auto parts maker, but suggested President Donald Trump’s move to rev up production lines on U.S. soil could give it an advantage.…
Oilpatch AI keeps a wary eye on remote wells after human officials go home
CALGARY – From a computer in his downtown office, Jeremy Bernard calls up live video of an oil well site in rural Alberta, clicking to bring up a cluster of small buildings, then a gravel road that leads across snowy…
Threat of closure is best tool to urge roof safety in N.S. coal mine:minister
HALIFAX – Nova Scotia’s labour minister says the threat of closure is his best tool to penalize a coal mine that broke mining rules by not reporting two massive cave-ins within the required 24 hours. Labi Kousoulis says issuing fines…
AP analysis: Steel tariffs waived even with tough trade talk
WASHINGTON – Despite President Donald Trump’s tough talk on trade, his administration has granted hundreds of companies permission to import millions of tons of steel made in China, Japan and other countries without paying the hefty tariff he put in…
Media report cites workplace concerns at site of Alberta plant explosion
A media report says a wood pellet plant west of Edmonton where a fire and explosion occurred this week was also the scene of a fire early last month Three people, including one with serious injuries, were sent to hospital…
Goldcorp loses $4 billion Q4 due to charge related to Newmont takeover
VANCOUVER – Goldcorp Inc. lost almost $4 billion in the fourth quarter, owing almost entirely to a non-cash impairment related to its takeover by Newmont Mining Corp. The Vancouver-based miner said its loss compared with a $242-million profit a year…
Statistics Canada reports manufacturing sales down 1.3 per cent in December
OTTAWA – Statistics Canada says manufacturing sales fell 1.3 per cent to $56.4 billion in December as sales of petroleum and coal products fell. The agency says the drop for the final month of 2018 was the third consecutive month…
