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The Mongolian government pays Canada’s Khan Resources Inc. to resolve a seven-year dispute over lost mining licenses, signaling a brand new willingness to draw in foreign investment. The shares surged the most intraday on record. The US$70 million will be paid on or before May 15, according to terms of the agreement, disclosed in a press statement issued by Khan Resources Monday. ...

This economy isn’t a lunchroom where provinces can swap like children their baloney for goodies There was a time when Canada was referred to as a nation of traders. Perhaps we are still, somewhere. At home we might as well call ourselves a nation of garish wheeler-dealers, with provinces brashly bartering support for economic pet projects as if the whole ...

Crown land sales in British Columbia’s oil and gas basins dropped to zero recently inside a sign the crippling oil price environment has diminished the companies’ appetite to tap new lands for drilling. “Nobody bought anything,” said Gregg Scott, president of Calgary-based Scott Land & Lease Ltd., who estimates the B.C. government has raised a mere $200,000 from sales to ...

It presumably wasn’t intended to be this way but two recent reports from the regulators reveal different levels of performance. There was the report issued Monday by the Ontario Securities Commission, noting an increase in enforcement activity last year with 31 cases commenced compared with 22 in 2014. And there is the discharge from IIROC – the business that oversees ...

CALGARY ? Malaysia’s Petronas is frustrated that Prime Minister Justin Trudeau’s climate-change priorities are introducing new uncertainty because of its proposed $36 billion Pacific NorthWest LNG project in northern Bc and it has threatened to walk away whether it does not get federal approval by March 31, according to a source close to the project. Alberta coal power contracts teminated as ...

Like several Canadian lawyers, Stikeman Elliott LLP holds a variety of seminars on mining law during the PDAC convention. The current state of mining industry is perhaps best summed up with the selection of topic that began Stikeman’s set of rapid-fire presentations on Monday morning: insolvency and restructuring. This obviously isn’t the happiest of topics. It’s sort of like going ...

United Airlines has ordered another 25 aircraft from Boeing Co., virtually killing Bombardier Inc.’s hopes of selling the CSeries towards the big U.S. carrier. United said Tuesday that it will supplement its previously announced order for 40 narrow-body 737-700 jets with 25 more. “The new 737-700 aircraft are ideal for our fleet as we still reduce our reliance on 50-seat ...

OTTAWA – Prime Minister Justin Trudeau says the financial institution of Canada is looking for a woman to become featured on the new bank note from 2018. Trudeau and Finance Minister Bill Morneau are marking International Women’s Day by announcing the search for a brand new face for the currency. The bank is asking the general public to appoint women ...