Another international oil company is marking its exit from Canada’s energy sector – this time Houston-based Apache Corp.
Commodities are back in favour, boosting oil producers and miners after their annus horribilis of 2015.
Moody’s Investor Service on Friday downgraded the credit rating of Potash Corp. of Saskatchewan, citing concerns of a longer-than-expected fertilizer slump, ahead of the company’s planned merger with rival Agrium Inc.
The current lithium frenzy will end badly while gold bugs should look at the riper opportunities available in copper and platinum, according to mining financier Robert Friedland.
Canada is sending a record amount of oil to the United States, filling pipelines to capacity and threatening to push more crude into rail cars.
Tanzanian police have killed 65 people and injured 270 during years of sporadic clashes with villagers at a controversial Canadian-owned gold mine, according to evidence heard by a Tanzanian government inquiry.
Hedge funds and other large speculators held a net-short position, or bets on price declines, of 4,991 U.S. copper futures and options contracts in the week ended Aug. 23, according to Commodity Futures Trading Commission data released three days later. They switched from a net-long position, or wagers on a rally, of 2,237 a week earlier.
Freeport McMoRan Inc. is considering selling a minority stake in its portfolio of copper mines, sources familiar with the matter said, one of the options on the table as the company scrambles to slash its $20-billion (U.S.) debt load.
Teck Metals Ltd. is expected to be hit with substantial fines.
Already beset by plummeting metal prices, BHP Billiton and Rio Tinto now face a new challenge – preparing their shareholders for sharply lower dividends.
Goldcorp has announced it will permanently stop mining at its underground Dome mine, located near Timmins, Ont., as of this summer.
Ultimately the widespread selling is evidence of investors’ revulsion for a sector that has struggled with falling prices for four years and has demonstrated no clear schedule for a recovery.
Anglo-Australian miner BHP Billiton PLC will cut 76 jobs from its Canadian potash operations due to low commodity prices, a company spokesperson said on Friday.
The Maritimes have long been portrayed as an area of economic stagnation, with a stream of job-seekers headed to all points west. However, it may be time to re-evaluate that depiction.
Half of the world’s coal isn’t worth digging out of the ground at current prices, according to Moody’s Investors Service.
Alberta’s energy regulator is about to consider a plan for a large mountaintop coal mine at the same time it investigates the proponent for possibly fouling a crucial spawning stream for endangered trout.
One activity notably absent from Quebec's to-do list in the 20-year mining-forestry-energy action plan is uranium mining.
Teck Resources Ltd. is delaying the planned startup of a multibillion-dollar oil sands mine by at least five years, becoming the latest company to push back development as shaky energy markets threaten profits in the high-cost sector.
Barrick Gold Corp. is considering raising funds from its key gold mine in the Dominican Republic, according to people familiar with the matter, as the world’s largest gold producer races to pay down its debt.
Collapsed prices, a looming recession, calls for a development moratorium, halting federal action on emissions – the oil sands are under pressure on many fronts.
As Brazil’s Vale SA figures out what to do with its fertilizer business, the mining giant is thought to be testing the waters on a potential sale, according to people familiar with the matter.
In Fort McMurray, even New Democrats sport “I Love Oil Sands” T-shirts.
Tthe world’s largest fertilizer producer, cut its full-year earnings forecast because of higher taxes and lower income from foreign investments.
Canada’s biggest uranium producer is in advanced talks with India on a deal to supply the country of 1.2 billion with fuel for nuclear power plants as Ottawa prepares to welcome Indian Prime Minister Narendra Modi.
These were the six mining transactions that defined the current deal-making landscape.