Globe and Mail

Canadian energy firms push alternatives to oil sands

Western Canada's conventional energy producers are looking to step out of the long shadow cast by the oil-sands sector to tout the economic and environmental benefits of light oil and natural gas development.

Apache joins foreign exit from Canada's energy sector

Another international oil company is marking its exit from Canada’s energy sector – this time Houston-based Apache Corp.

Goldman bullish on commodities amid mining’s accelerating rally

Commodities are back in favour, boosting oil producers and miners after their annus horribilis of 2015.

Moody’s downgrades Potash Corp. as fertilizer slump lingers

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.

Copper, platinum key to future of auto industry, mining financier says

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.

Oil sands surplus jamming up pipelines to U.S., pushing more crude into rail cars

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.

Police killed 65, injured 270 at Barrick mine in Tanzania, inquiry hears

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 bail on copper as ‘supply storm’ looms

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 mulls selling minority stake in copper mine portfolio

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 to plead guilty over pollution in Trail, B.C.

Teck Metals Ltd. is expected to be hit with substantial fines.

World's two biggest miners expected to cut dividend

Already beset by plummeting metal prices, BHP Billiton and Rio Tinto now face a new challenge – preparing their shareholders for sharply lower dividends.

Goldcorp closes Timmins mine amid metals downturn

Goldcorp has announced it will permanently stop mining at its underground Dome mine, located near Timmins, Ont., as of this summer.

Stock sell-off puts mining sector’s future in question

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.

BHP cuts 76 Canadian jobs, keeps building Saskatchewan potash mine

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.

Job-seekers in Alberta consider move east as opportunities arise in The Maritimes

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 global coal output is uneconomical, Moody’s says

Half of the world’s coal isn’t worth digging out of the ground at current prices, according to Moody’s Investors Service.

Alberta to consider mountaintop coal mine for company facing environmental probe

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.

Quebec’s Plan Nord project snubs uranium mining in the province

One activity notably absent from Quebec's to-do list in the 20-year mining-forestry-energy action plan is uranium mining.

Teck Resources delays Frontier oil sands project by five years

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 weighs deal for Dominican mine

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.

Low prices and rising global political will are shifting future of the oil sands

Collapsed prices, a looming recession, calls for a development moratorium, halting federal action on emissions – the oil sands are under pressure on many fronts.

Vale may sell potash assets in Saskatchewan

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.

NDP seeks to reassure Alberta oil sector and green interests

In Fort McMurray, even New Democrats sport “I Love Oil Sands” T-shirts.

Shares sink as Potash Corp. slashes 2015 forecast on price outlook

Tthe world’s largest fertilizer producer, cut its full-year earnings forecast because of higher taxes and lower income from foreign investments.

India eyes uranium supply deal with Canada

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.