Aboriginal Business Magazine Your source for Aboriginal Business News

FREDERICTON-The leader of New Brunswick’s Green party says municipalities and First Nations should be able to buy renewable power from locally owned companies. David Coon says NB Power’s monopoly over the electricity market is holding back development of a renewable energy industry. His comments come following a tour of the ...

HALIFAX -An intense debate over Indigenous rights was part of a court hearing today for a Nova Scotia company that wants a judge to allow the RCMP to remove protesters camped on the firm’s property. The company, Alton Natural Gas Storage, is behind a plan to store natural gas in ...

OTTAWA- The international economic group that oversees a global anti-bribery convention says it’s monitoring the allegations that Prime Minister Justin Trudeau interfered in a criminal prosecution against SNC-Lavalin. The Organization for Economic Co-operation and Development says it is concerned by accusations that Trudeau and staff in his office tried to ...

TORONTO- Barrick Gold Corp. is dropping its hostile takeover offer for Newmont Mining Corp. in favour of creating a joint-venture that will combine the two companies’ mining operations in Nevada. Under the deal, Barrick will hold a 61.5 per cent stake in the joint venture, while Newmont will own 38.5 ...

VANCOUVER- Imperial Metals Corp. has signed a deal to sell a 70 per cent interest in its Red Chris copper and gold mine in B.C. to Australia’s Newcrest Mining Ltd. for US$806.5 million in cash. The company, which will retain a 30 per cent stake in the mine, will form ...

VICTORIA- A BC tourism company is partnering with a Vancouver Island First Nation on a plan that could see a major development at the peak of the winding, steep and sometimes narrow route connecting the Greater Victoria area to the Cowichan Valley. The proposed Malahat Skywalk would be built at ...

By Andy Blatchford and Jim Bronskill THE CANADIAN PRESS OTTAWA- Canada’s minister in charge of procurement says the Trudeau government wants the federal regime for dealing with companies that have integrity problems to be more flexible, a change that could help beleaguered SNC-Lavalin. The engineering and construction giant faces corruption ...

MONTREAL- Amid an ongoing scandal that has rocked the Liberal government in Ottawa, the head of SNC-Lavalin Group Inc. said he’s tired of seeing his employees “used as a puck in a political hockey game.” “Frankly, they don’t deserve it. And we’ve had enough,” chief executive Neil Bruce said Friday ...