Articles Tagged "canada"

Cameco Declares Commercial Production at Cigar Lake

Cameco has faced some difficulties at its Cigar Lake mine. However, the company announced Friday that the operation was in commercial production as of May 1. The mine remains on track to achieve its annual production target of 6 to 8 million packaged pounds of uranium for the year, and its long-term production target of 18 million pounds by 2018 also remains in place,

Canada to Cut 30% Emissions by 2030

Mining.com reported that Canada’s federal government has decided to cut its greenhouse gas emissions by thirty percent below 2005 levels by 2030, an ambitious target that includes plans for the oil sands sector.

TSX Recovers After NDP’s Alberta Win Sparks Energy Sector Concerns

The New Democratic Party's victory in Alberta's provincial election caused the TSX to drop on Wednesday as energy stocks took a hit. Specifically, the S&P/TSX Composite index dropped 0.99 percent, or 150.05 points, to close at 15,023.89 points. The dip marked a one-month low and put seven out of 10 of the main sectors on the index in the red.

Surge Expands Crude Oil Discovery at Upper Shaunavon and Announces Sale of SE Saskatchewan and Manitoba Assets

Surge Energy Inc. (TSX:SGY) announced it has continued to expand the Upper Shaunavon crude oil discovery in southwest Saskatchewan through ongoing delineation drilling results. The company also announced it has signed a definitive purchase agreement to sell all of its southeast Saskatchewan and Manitoba assets for $430 million.