Barrick Mining Sells Hemlo Gold Mine In Deal Worth Up To $1.09 Billion
Barrick Mining (TSX: ABX) has entered into an arrangement to sell the Hemlo Gold Mine in Ontario. The deal will see the iconic Canadian mine sold to Carcetti Capital Corp (TSXV: CART.h), which will be renamed to Hemlo Mining Corp upon closing of the transaction. Carcetti Capital is to be helmed by Jason Kosec, the […]
Newmont To Delist From The TSX Due To Low Trading Volumes
In a sign of the times for the Canadian capital markets, the Toronto Stock Exchange is about to lose a major issuer. Newmont Corp (TSX: NGT) on Wednesday announced that they would be delisting from the exchange. The exit from the Canadian exchange is expected to occur upon the close of markets on September 24. […]
Doug Ford Tells Jobless Youth to ‘Look Harder’
Ontario Premier Doug Ford faced widespread criticism Tuesday after telling unemployed young people they aren’t “looking hard enough” for work, just days after government data showed the province lost more jobs than any other in August. Speaking at a Toronto Region Board of Trade breakfast, Ford said he gets frustrated when young, healthy people complain […]
Six Killed As Israel Strikes Hamas Leadership In Qatar; Chief Negotiator Survives
Israel struck Hamas leadership in Doha on Tuesday, using more than 10 fighter jets and over 10 munitions, killing six people but missing chief negotiator Khalil al-Hayya. Hamas said five of its members were killed—among them al-Hayya’s son Humam and his office director Jihad Labad, Abdullah Abdul Wahid, Moamen Hassouna, and Ahmed al-Mamluk. Qatar also […]
Hungary Signs Shell Gas Deal Ahead of EU Russia Ban
Hungary signed a 10-year natural gas supply agreement with Shell on Tuesday, marking the country’s largest energy diversification deal with a Western company as the European Union prepares to phase out Russian fossil fuel imports by 2027. The deal, announced by Hungarian Foreign Minister Péter Szijjártó at the Gastech conference in Milan, covers 2 billion […]
Ukraine Strikes Cut Russian Oil Refining Capacity by 17%, Fuel Prices Soar
Ukrainian drone strikes have knocked out 17% of Russia’s oil refining capacity, equivalent to 1.1 million barrels per day, as Kyiv intensifies its campaign against Moscow’s energy infrastructure, according to Reuters calculations and industry sources. The attacks on at least 10 major Russian refineries have created fuel shortages across Russia and forced gasoline prices to […]
Nepal Army Deployed As Death Toll Hits 22 In Gen Z-Led Protests On Social Media Blackout
Nepal’s army deployed across Kathmandu late Tuesday as the nationwide death toll from two days of protests rose to 22, capping a cascade of events that saw parliament and the Supreme Court set ablaze, the prime minister resign, and the government hurriedly reverse a sweeping social media blackout imposed last week. By nightfall Tuesday, smoke […]
Study: Canada’s Oil Emissions Cap Could Cost Up to $289,000 Per Tonne Globally
Canada’s proposed emissions cap on oil and gas production could cost up to $289,000 per tonne of carbon dioxide actually eliminated from global emissions, according to a new study that challenges the policy’s cost-effectiveness. The analysis by the Center for North American Prosperity and Security, published in June, estimates the cap would cost $2,887 per […]
California Weighs Funding Valero Up To $200M To Keep Oil Refinery Open
California legislators are considering paying Valero Energy between $80 million and $200 million to cover maintenance at its Benicia refinery in order to prevent a shutdown currently slated by April, according to people familiar with negotiations. Under the contemplated arrangement, the state would fund routine maintenance to keep the San Francisco–area plant operating. Major overhauls […]
Union Strike Suspends Soma Gold’s Colombia Operations
Soma Gold (TSXV: SOMA) said a union strike began “effective immediately,” suspending operations at both the Cordero Mine and the El Bagre Gold Complex in Colombia. The company said Sintramienergetica, Seccional Zaragoza, the union representing employees of Operadora Minera (Soma’s wholly owned subsidiary), initiated the action after declining to respond to the firm’s latest proposal. […]