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Monthly Archives: March 2019

Court fight over access to Alton Gas site focuses on Indigenous rights

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 ...

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OECD concerned with allegations Trudeau interfered in SNC Lavalin case

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 ...

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NewsAlert: Barrick and Newmont sign Nevada joint venture agreement

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 ...

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Imperial Metals selling 70 per cent stake in Red Chris mine to Newcrest

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 ...

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Tourist development mulled at summit of Vancouver Island’s Malahat Drive 

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 ...

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New integrity regime will add ‘flexibility’ to procurement bans: minister

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 ...

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