TransCanada staunchly supports Keystone XL pipeline despite latest court setback

TransCanada staunchly supports Keystone XL pipeline despite latest court setback
CALGARY — TransCanada Corp. says it doesn’t know when it will be able to build its Keystone XL pipeline after a Montana judge stopped it last week but it is confident the project will make money once it is built and in service. It’s too soon to say what the decision by U.S. District Judge Brian Morris last Thursday will... Read More

Sprott backed Aben Resources at the International Precious Metals & Commodities Show

Sprott backed Aben Resources at the International Precious Metals & Commodities Show
MUNICH – The International Precious Metals & Commodities show will take place this Friday and Saturday in Munich. The conference, which has taken place since 2005, is exclusively dedicated to investments in precious metals and commodities, expecting both institutional and retail investors. Just like the years prior, exciting programs in collaboration with national and international speakers await attendees. Peter Spina, founder... Read More

Randgold shareholders vote in favour of merger with Barrick Gold

Randgold shareholders vote in favour of merger with Barrick Gold
TORONTO — Shareholders of Randgold Resources Ltd. have voted in favour of a merger with Barrick Gold Corp. Randgold says just over 95 per cent votes cast were in favour of the deal, representing about 70 per cent of outstanding shares. The proposed combination, announced in September, will add gold mine properties in Mali, Senegal, Ivory Coast and the Democratic... Read More

Nutrien to focus on Saskatchewan for potash, writes off east coast facility

Nutrien to focus on Saskatchewan for potash, writes off east coast facility
SASKATOON — The head of Nutrien Ltd. says the company has enough room for potash expansion in Saskatchewan that it doesn’t make sense to invest in expanding production in costlier regions. Chief executive Chuck Magro made the remarks on conference call with financial analysts Tuesday after taking a writedown due to the permanent closure of its potash mine in New... Read More

Barrick shareholders vote more than 99 per cent in favour of Randgold takeover

Barrick shareholders vote more than 99 per cent in favour of Randgold takeover
TORONTO — Barrick Gold Corp. says shareholders have voted more than 99 per cent in favour of a takeover of Randgold Resources Ltd. The proposed combination of the two companies, announced in September, would add gold mine properties in Mali, Senegal, Ivory Coast, and the Democratic Republic of Congo to Barrick’s portfolio. The deal would also see Randgold chief executive officer Mark Bristow move... Read More

Divisive Minnesota mine wins permits, but faces challenges

Divisive Minnesota mine wins permits, but faces challenges
MINNEAPOLIS — Minnesota regulators on Thursday granted key permits to the long-planned PolyMet copper-mining project that’s opposed by environmentalists who fear it could someday foul waters, including Lake Superior. The state Department of Natural Resources issued permits to PolyMet Mining Inc. for the company’s proposed NorthMet project in northeastern Minnesota. The project still needs permits from other agencies, and likely... Read More

Higher oil prices and production gains drive operating earnings beat at Suncor

Higher oil prices and production gains drive operating earnings beat at Suncor
CALGARY — Suncor Energy Inc. is reporting third-quarter operating income of $1.56 billion, an 80 per cent increase over $867 million in the same period of 2017. The earnings amount to 96 cents per share, in line with analyst expectations of 95 cents according to Thomson Reuters Eikon, but well ahead of 52 cents in the third quarter of 2017.... Read More

Encana to buy Newfield Exploration in all-stock deal, plans to raise dividend

Encana to buy Newfield Exploration in all-stock deal, plans to raise dividend
CALGARY — Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion. Under the deal announced Thursday, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock. Encana will also assume US$2.2 billion of Newfield debt. “This strategic combination advances our strategy and is immediately... Read More