February 12, 2016

Pummeled by oil bets, Freeport and Teck get some crude reward

Teck Resources and Freeport-McMoRan led a mining stock rally on Friday as surging oil prices provided relief for their foray into energy before prices tumbled.

February 11, 2016

TransCanada posts $2.5bn loss in Q4 on Keystone XL charge

The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.

February 11, 2016

Teck Resources logs $536M loss in Q4 on depressed commodities, asset charge

The loss includes a Cdn$598 million impairment charge on its Fort Hills oil sands project in Alberta.

February 10, 2016

Congo gives up plans to change mining code

The move could have driven away investors at a time of historically low commodity prices and energy shortages that are driving down output in the country.

February 10, 2016

Government throws lifeline to BC mines

The B.C. government is throwing the mining industry an emergency lifeline in the form of deferred electricity bill payments that could be worth more than $300 million.

February 10, 2016

US mining and exploration investment declined 35 pct in 2015

The figure is the second largest year-over-year decline since the U.S. Bureau of Economic Analysis (BEA) began reporting the series in 1948.

February 9, 2016

Colombia bans mining in country’s vast moorlands

Mining in the area of the Andes mountains right above the continuous tree line had been prohibited since 2011, but concessions granted before such ban had continued to date.

February 9, 2016

A crude correlation with Canada’s currency

Canada is the world’s fifth largest oil and gas producer and its energy export revenues are a significant part of the economy.

February 9, 2016

Canadian companies sell “jewels” to keep oil sands afloat

Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.

February 8, 2016

Fission’s New R840W Zone to Receive Expanded Drill Program

1200m of additional drilling to follow up high-grade area west of R600W