HSBC Warns OpenAI Needs $207B More by 2030 Even With $200B-Plus Revenue Forecast
HSBC says OpenAI could need more than $200 billion in additional funding by 2030 to sustain its rapid expansion, warning that the company’s scale-up may outpace even aggressive revenue growth. HSBC’s analysis, detailed in reporting by the Financial Times, projects that OpenAI will remain unprofitable through the decade as compute requirements, cloud commitments, and infrastructure […]
Property Owners Sue BC, Federal Governments Over Land Title Ruling
Property owners in British Columbia have filed a class action lawsuit against provincial and federal governments, alleging they knowingly misled the public about land title security while aware of unresolved Indigenous claims. The lawsuit, filed November 21 in BC Supreme Court, stems from an August ruling that granted the Cowichan Nation Aboriginal title to approximately […]
After Joly Said “Look” At Stellantis Contracts, Deputy Says She Didn’t
Industry Minister Mélanie Joly is facing scrutiny after her deputy told a Commons committee she never read the full $15-billion Stellantis agreement she has publicly defended, even as the automaker moves toward cuts affecting roughly 3,000 Canadian workers. Blacklock’s Reporter said Deputy Industry Minister Philip Jennings testified at the Commons government operations committee that Joly […]
Canadian Propane Export Terminal Faces Strike as Labor Disputes Continue to Plague Ports
Workers at Canada’s first propane export terminal launched a strike Thursday, marking the latest labor disruption to hit the country’s port infrastructure and threatening energy exports to Asia. The International Longshore and Warehouse Union Local 523B began strike action at the Ridley Island Propane Export Terminal on November 27, following unsuccessful contract negotiations with AltaGas […]
Ontario Approves $26B Pickering B Nuclear Refurbishment
Ontario has approved a full refurbishment of the Pickering Nuclear Generating Station’s B site, described as a roughly $26.0 to $26.8-billion capital decision to return about 2,200 MW of firm capacity to the grid while supporting 30,500 jobs during construction and 6,700 jobs during ongoing operations. On operating performance, Pickering’s 2023 energy production of 21.5 […]
Liberal Exodus: Who Might Be Exiting Carney’s Government?
Rumours of multiple Liberal MPs leaving caucus have converged into a single operational risk for Mark Carney’s government: safe-seat departures that force synchronized by-elections while ideological and career tensions stack up inside cabinet and on the backbench. The latest flashpoint is a report that Industry Minister Mélanie Joly is eyeing an exit from caucus, framed […]
Barrick Mining Settles Mali Mine Dispute With $430 Million Payment
Canadian mining giant Barrick Mining (NYSE: B) has agreed to pay $430 million to settle a two-year dispute with Mali that shuttered one of Africa’s largest gold mining operations, according to sources familiar with the deal. The settlement, finalized Monday, ends a contentious standoff over the Loulo-Gounkoto complex that began when Mali implemented a new […]
Joly: Anglo-Teck Decision in ‘Months,’ Not Next Month
Canada’s Industry Minister Mélanie Joly will not decide on the proposed Anglo American–Teck Resources merger next month, contrary to earlier media reports, her office confirmed Monday. The Globe and Mail‘s review of audio from Joly’s November 18 media scrum revealed she said the government would make its decision “in the next months,” not “next month” […]
Mako Mining Enters Definitive Terms For Mt Hamilton Project In Nevada
Mako Mining (TSXV: MKO) is set to expand their portfolio of assets. The company has officially entered into a definitive arrangement to acquire the Mt Hamilton gold-silver project in Nevada, which follows a binding term sheet being announced back in September for the transaction. The arrangement will see Mako acquire the fully permitted project from […]
Barrick Completes $1.1 Billion Sale Of Hemlo Mine
Barrick Mining (TSX: ABX) has officially completed the sale of their Hemlo Mine. The major Canadian gold mine was sold to a newly assembled group referred to as Carcetti Capital, whom has since renamed themselves to Hemlo Mining Corp. The mine was sold for total consideration of $1.09 billion, which is just under the recently […]