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BC Ferries is bracing the public for a series of losses over the next 18 months as declining passenger volumes and increased maintenance costs push the corporation into the red.

Flush with cash, Vancouver mining giant Teck Resources Ltd. (TSX:TCK.B) said it plans to buy back and cancel up to US$650 million in senior debt. The various notes it plans to purchase include its 10.75% senior secured notes due 2019, its 10.

The mining industry could be the main driver behind economic growth in B.C. next year. A Scotia Economics provincial trends report released this week predicted the province’s GDP would grow 2.8% next year.

Ventana Gold Corp. (TSX:VEN) became the target of a $1.2 billion takeover attempt this week, 10 days after the company released a resource estimate for its La Bodega project in Colombia.

Nothing has been finalized yet, but Western Coal Corp. (TSX:WTN) could soon become one of the largest coal producers on the planet.

The 2010 Vancouver Olympic Village, also known as the greenest neighbourhood in North America, can now add to its list of titles the biggest real estate project placed under receivership in the Lower Mainland in 2010.

B.C.

Shareholders of Vancouver-based Protox Therapeutics Inc. (TSX:PRX) have approved multi-stage financing that could see a global private equity firm become the company’s majority shareholder.

Imperial Metals Corp. (TSX:III) issued an updated feasibility study for its Red Chris project Tuesday envisioning a mine that’s significantly more expensive than it was in 2005.

A First Nations-run business has entered into an agreement to buy the global rights for an energy conversion and waste disposal technology. On Tuesday, Vancouver-based Nass Valley Gateway Ltd.