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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 ...

MONTREAL- SNC-Lavalin Group Inc. slashed its dividend by 65 per cent Friday as it reported a fourth-quarter loss of $1.6 billion. The troubled engineering and construction giant said it will now pay a quarterly dividend of 10 cents per share compared with its earlier payment of 28.7 cents per share. ...

By Giuseppe Valiante THE CANADIAN PRESS MONTREAL- Quebec’s Revenue Department is trying to seize the assets of a former SNC-Lavalin executive facing trial on fraud-related charges after estimating he owes the government more than $11 million in back taxes. A Feb. 18 court filing alleges Sami Bebawi did not disclose ...

CALGARY, Alberta, Feb. 20, 2019 — Steel River Group Inc. (“SRG” or the “Company”) announced today that its subsidiary, Steel River Solutions (“SRS”), was named as the Prime Contractor for “Spread B”, a 65 km section of Tidewater Midstream and Infrastructure’s (“TSE: TWM”) (“Tidewater”) 120 km Pioneer Natural Gas Pipeline ...

GRANDE PRAIRIE, Alta- Alberta is giving $80 million in future royalty credits for construction of a new methanol plant in the province’s northwest. Premier Rachel Notley says Nauticol Energy is to start construction on the $2-billion plant near Grande Prairie next year with an opening set for 2020. She says ...