The Canadian government will provide C$325,000 to the Mining Association of Canada (MAC), which will go towards the creation of a ‘climate change adaptation’ programme for the mining sector. MAC, Golder Associates and Lorax Environmental Services have committed to match the federal funding for the project,...
Canadian company Major Drilling (TSX:MDI) has just released its Q3 results for 2017 and the numbers, a 22% increase in revenue, suggest the mining industry is firmly on the way back. Quarterly revenue reached US$84 million up from $69.1 million recorded for the same period last...
Canada’s Dominion Diamond Corporation (NYSE:DDC) has accepted a sweetened takeover offer of US$1.2 billion from privately-owned corporate group Washington Companies. The world’s third largest diamond miner by market value has been offered a price of US$14.25 per share, up from an initial offer of $13.50 a...
Eldorado Gold (TSX:ELD) (NYSE:EGO) has completed the acquisition of Integra Gold, in a deal worth around US$457 million, bolstering its position in gold-rich Quebec. The Canadian miner announced the agreement was approved by Integra shareholders and the Supreme Court of British Columbia at the end of...
PotashCorp (TSX, NYSE: POT) will change its name to Nutrien once the merger transaction with Agrium is completed, making it the world’s biggest fertiliser producer. The Canadian company said the new organisation will be the global leader in reliable, low-cost nutrient production, combined with the largest...
UK energy company Centrica (LSE:CNA) has become a pure-European player following the £413 million sale of parts of its Canadian assets. The multinational utility firm confirmed the sale of its 60% stake in in the Canadian exploration and production (E&P) joint venture, CQ Energy Canada Partnership...
Canada produced around 66% of its electricity from renewable sources, largely as a result of its booming hydroelectric sector. According to a recent National Energy Board (NEB) report, around 60% of Canada’s electricity originated from hydro energy, with a further 6% coming from wind, solar and...
Chevron (NYSE:CVX) has agreed the sale of its Burnaby oil refinery and gas stations in Canada to Parkland Fuel Corporation (TSE:PKI) for a fee of around US$1.1 billion. The assorted assets, located East of Vancouver in British Columbia, include 129 gasoline stations, three terminals and the...
Chevron (NYSE:CVX) is exploring the possibility of offloading its 20% stake in Canada's Athabasca Oil Sands project, a sale which could generate a figure around the US$2.5 billion mark. It is understood that the US oil giant has spoken with investment banks regarding the prospect of...
US-based ConocoPhillips (NYSE:COP) has announced the US$13.3 billion sale of its oil sands assets in Western Canada to Cenovus Energy (NYSE:CVE). Conoco, the world’s largest independent oil and gas explorer, said the sale would allow it to repay debt and return cash to its stakeholders, while...