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Enbridge finalises $7.5bn mainline replacement cost estimate

Oil and gas infrastructure giant Enbridge this week announced that it had finalised the $7.5-billion cost estimate for its largest capital project ever, the Line 3 Replacement (L3R) programme. The L3R project entails replacing all segments of Line...
19th June 2014

Western Canada expected to lead economic growth in 2014

Western Canada can expect the fastest growing provincial economies in the country this year and again in 2015, with Alberta resuming its customary place at the top of the list. The near-term outlook is looking increasingly positive for Manitoba...
18th June 2014

Fed govt accepts independent review of Northern Gateway pipelines

The Canadian federal government on Tuesday accepted an independent panel’s recommendation to approve the Enbridge Northern Gateway project, subject to 209 conditions. In outlining the federal government’s decision for the C$6.5-billion...
18th June 2014
Mining Services

Slurry pump undergoes special testing

Recent testwork conducted on the Hippo slurry pump, which usually operates at 980 rpm, increased to 1 183 rpm when the power supply was switched to 60 Hz
Centurion, South Africa-based pumps manufacturer Hazleton Pumps proprietary range of Hippo slurry pumps, for which Hazleton is the sole manufacturer and repairer, underwent power-differential testing in May, 2014 at a specialised testing facility,...
13th June 2014

Mexico-focused project developer Bacanora aims for London listing

Magdalena test pit, Mexico. TSX-V-listed project developer Bacanora Minerals, which is working to advance its Mexican borate and lithium projects, intends to list its stock on Aim in July, which is expected to be the only new mining issuer to start trading on the platform in...
9th June 2014

After 20 years, Vermilion Energy is poised to keep on giving

Canadian oil and gas producer Vermilion Energy is expecting to reach new heights over the coming five years, as its international portfolio of assets continue to grow and investors revere the company’s reliable and growing dividend. From the...
6th June 2014

Canada-focused Coalspur warns of funding crunch

Coal developer Coalspur shares took a beating on the ASX on Friday after the company expressed concern over the development of its Vista project, in Canada. Coalspur told its shareholders on Friday that the company’s ongoing viability and the...
30th May 2014

Mindoro to delist from the ASX

Mindoro Resources, which has four joint-venture (JV) agreements with TVI Pacific to develop nickel/iron projects in the Philippines, on Wednesday announced that it had applied to delist from the ASX. The Edmonton, Alberta-based firm said its...
28th May 2014

Proactive prevention key to fighting corruption risk

CKR Global's Maggy Wilkinson (left) and Casie Neitzke (right). In light of the first sentencing of an offender under Canada’s Corruption of Foreign Public Officials Act (CFPOA) on Friday, Canadian extraction companies need to heed the warning and take proactive steps to ensure their compliance with...
24th May 2014

US Oil Sands makes final investment decision for Utah bitumen project

TSX-V-listed US Oil Sands this week approved the final investment decision to proceed with construction of its PR Spring Project, in Utah. The Calgary, Alberta-based firm’s board on Wednesday reported that it would proceed to build an enhanced...
17th May 2014

Karnalyte Resources announces abrupt change of CEO

TSX-listed potash project developer Karnalyte Resources this week announced that mining veteran Thomas Drolet had replaced Robin Phinney as president and CEO with immediate effect. Karnalyte on Tuesday said that Drolet, with 43 years of...
14th May 2014

Barrick to defend itself ‘vigorously’ against Canadian class action

The world’s top gold producer on Friday said it would “vigorously defend” itself against class actions instigated by Toronto-based Merchant Law Group with the Courts in Ontario and Alberta, alleging that between May 7, 2009, to May 23, 2013,...
2nd May 2014
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