CBC reported today that Teck Resources Ltd. (TSX:TCK.B) will delay the start of its Quintette coal mine in Tumbler Ridge, BC. Teck also plans to cut 600 jobs worldwide after posting profits amounting to less than half of what it made in last year’s first quarter.
Articles Tagged "british columbia"
The Vancouver Sun reported that a government decision to exempt 99 percent of provincially produced natural gas from environmental assessment was reversed by the Liberal government and British Columbia Environment Minister Mary Polak on Wednesday.
The future does not look good for coal miners as increasing government regulations, environmental concerns and public opinion in favor of energy alternatives threaten the resource's market share.
The Globe and Mail reported that a slump in coal prices is hurting mining in British Columbia and has caused US-based Walter Energy Inc. (NYSE:WLT) to cease mining operations in the province.
The Globe and Mail reported that Kitimat B.C. residents have voted against the Enbridge (TSX:ENB) Northern Gateway pipeline in a non-binding plebiscite. The municipality has stayed neutral up until this point, opting not to take part in a joint review of the project, according to the Globe.
Fortune Minerals Ltd. (TSX:FT) Investor Relations Manager Troy Nazarewicz spoke to Resource Investing News at the Vancouver Resource Investment Conference about its two advanced projects: NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories, and the Arctos Anthracite project in British Columbia.
The Globe and Mail reported that in 2014, activists plan to try to get the planned Fraser Surrey Docks direct-transfer coal facility on the British Columbia government's agenda. Thus far, the provincial government has not commented on the issue.
A joint review panel has recommended that the Canadian federal government approve the Northern Gateway pipeline being proposed by Enbridge (NYSE:ENB,TSX:ENB).
CNOOC Ltd. (NYSE:CEO) — the Chinese state-owned company that a year ago acquired Nexen Inc — is now making plans to build a huge liquefied natural gas facility in northern British Columbia, the Vancouver Sun reported.
The Vancouver Sun reported that Calvin Quek, head of Greenpeace East Asia’s Sustainable Finance Program, believes that building terminals aimed at shipping more coal to East Asia — such as the planned Fraser Surrey Docks expansion — could be a waste of time and money due to new caps on coal usage in China.