OTTAWA – Last week, International Trade Minister Chrystia Freeland declared mission accomplished in Canada’s efforts to close an all-encompassing cope with its European partners. But it’s now increasingly entirely possible that Britain, our biggest customer in the biggest trading region of the world, might soon not be part of that agreement. There’s every chance that citizens of the United Kingdom ...
Read More »Focus on real issues and don’t get distracted, advises Raging River, Taseko dissident
It won’t take as long as the U.S. presidential election, but the battle for the hearts and minds of shareholders of Taseko Mines, underway for 2 months, has 8 weeks to operate before the final showdown on May 10. And halfway through, Chicago-based shareholder Raging River Capital – that is leading the charge to have its four director nominees elected, ...
Read More »PDAC 2016: Mining downturn poses enormous threat to NWT, premier says
When De Beers halted its Snap Lake mine within the Northwest Territories in December and let go 600 people, it sent some shockwaves through the region. It had been not a secret the mine had major problems, but De Beers spent a lot cash on it that many people didn’t think the company would actually quit. “It was forever in ...
Read More »Stock exchange cracks down after stream of ‘shell’ companies make it to market
A good flow of “shell” companies with little cash, assets or business plans marched onto public markets in 2014 and early last year. Now, under pressure from regulators, the Canadian Securities Exchange is taking significant steps to tighten that access. An overhaul of the CSE’s listing requirements is in progress, caused by negotiations with regulators, primarily in the Ontario Securities ...
Read More »Alberta coal power contracts terminated as natural gas prices plunge
CALGARY C Companies are wiggling from money-losing contracts to purchase electricity from coal-fired power plants in Alberta as a result of the province’s new climate change policies, leaving a provincial agency to honour the agreements. TransCanada Corp., a business most widely known for building pipelines but that also includes a power business, cited a recent alternation in Alberta’s climate laws ...
Read More »PDAC 2016: Fission CEO says utilities need to buy uranium sometime soon, dismisses proxy fight as distraction
The uranium market has been around a five-year bear market that shows no signs of recovery, in part because utilities are betting prices will stay low and therefore are in no hurry to secure future supply. Dev Randhawa, chief executive of Fission Uranium Corp., said they need to start buying in big amounts within the next three years to have ...
Read More »Sentiment muted at PDAC conference despite signs of life in mining industry
Some optimism is beginning to creep back into the mining sector – although not much. Sentiment is rather muted to date in the Prospectors and Developers Association of Canada (PDAC) conference, which kicked off Sunday in Toronto. The conference, which is the world’s biggest gathering of mining professionals, works as a good barometer for the state of the industry, which ...
Read More »PDAC 2016: Integra hands out $500,000 to ‘Gold Rush’ contest winners in giant mining bash
The PDAC conference is legendary because of its giant booze-fueled parties, and there were none bigger on Sunday night than the one hosted by Integra Gold Corp., which named the winners of their clever “Gold Rush Challenge.” The contest began last year, after Integra acquired a project in Quebec that came with six terabytes of mining records dating back 1933. ...
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