Industry News
Calgary – De Beers Group said Wednesday it has determined it’s not economically viable to extend the life of its Victor diamond mine in northern Ontario and will be shutting down the operation in early 2019.
Paris, France – Canada continues to garner international respect as a trusted global leader, committed to clean energy, gender equality, innovation and energy security. Building on these strengths, Canada's Minister of Natural Resources, the Honourable Jim Carr, held productive discussions with international counterparts in Paris over the past two days at the International Energy Agency (IEA) Ministerial meeting.
Toronto – The EY Canadian Mining Eye index gained 2% during Q3 2017, following a 7% decline in Q2 2017. The gain was driven by increases across the board in precious and base metals.
Toronto – Energy and mining stocks propelled Canada's main stock index to a record high Monday on the strength of spiking commodity prices.
Halifax – Nova Scotia Business Minister Geoff MacLellan says word of 49 layoffs at Cape Breton's Donkin coal mine is tough news for the families affected.
Ottawa – The National Energy Board says it will not expedite the process to determine if the city of Burnaby, B.C. is deliberately obstructing construction of the expanded Trans Mountain Pipeline by refusing to issue necessary construction permits.
Ottawa – The single biggest element of Canada's national emissions reduction plan might not be unveiled on time.
Regina – SaskPower says it won't likely support more carbon capture and storage projects due to costs.
Chicago, Ill. – The Power Transmission Distributors Association (PTDA) elected its 2018 Board of Directors and Manufacturer Council at the annual business meeting during the recent NIBA/PTDA Joint Industry Summit in Hollywood, Fla.
Montreal – The drop in oil and gas investment and the abandonment of projects like the Energy East pipeline may well get worse in Canada due to the erosion of our competitive position relative to the United States. This is the main conclusion of a Research Paper published today by the MEI.
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