Goldcorp spent around US$445M upfront in cash and shares to buy Kinross Gold's 25 per cent stake in Cerro Casale and all of its Quebrada Seca exploration project for an initial US$260 million in cash.
Power Shift: Commodities Innovation
‘A bubble waiting to burst’: Why some investors aren’t buying the cannabis hype
With the federal government reportedly just weeks away from tabling legislation that would create a fully legalized cannabis market by mid-2018, producers have been gearing up to feed a new market Canaccord expects could soon serve as many as eight million Canadians spending more than $6 billion on legal marijuana per year.
Total elbows Western aside in pursuit of Savanna
Total Energy Services is elbowing Western Energy Services aside in its pursuit of Savanna Energy Services, snapping up more than 50 per cent of the shares outstanding in the company. For more on the unsolicited bid, BNN is joined by Daniel Halyk, president and CEO, Total Energy Services.
OPEC to review supply cut extension with non-member producers
A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday.
Three people, and one animal, that could still kill Keystone XL
Despite winning the Keystone XL presidential permit it has sought for nearly a decade on Friday, TransCanada still faces a litany of issues that could still kill the controversial oil sands pipeline proposal.
“We’re not done yet,” TransCanada Director Derek Burney in an interview with BNN. “We still have to get permits from Nebraska and South Dakota – that will take some time. But by being persistent, by sticking to our guns, we see some light at the end of the long, long pipeline tunnel.”
Ontario natural gas rates set to rise on April 1
The Ontario Energy Board approved rate increases for Union Gas that will see the average customer in the north west pay an extra $50.30 a year, an increase of $40.76 for customers in the north east and an extra $20.20 per year for southern Ontario customers.
Enbridge oil spill east of Edmonton estimated at 10,000 litres
Enbridge said that as of Tuesday morning, it had recovered almost all of the oil, which had leaked from a tank value in an industrial area of Strathcona County.