Resources & Agriculture

Lower lumber prices meant weaker earnings results for West Fraser Timber (TSX:WFT), which released its third quarter results October 28.

BCBC sees bureaucratic backlogs, climate targets as fossil fuel development roadblocks

Plans to export LNG from B.C. to Asia could establish the province as a global supplier, but both the province and industry must move quickly and aggressively to beat out the competition and capture market share in Asia, according to recent research from the Canada West Foundation.

Pine beetle devastation leaves companies with wood shortfall

After Vancouver-based mid-tier gold producer B2Gold Corp. (TSX:BTO) raised US$259 million in debt financing last summer, mining analysts and investors questioned whether the company was eyeing a large-scale purchase.

Ultra Lithium Inc. (ULI) (TSX-V:ULI) signed a non-binding letter of intent October 28 for a joint venture with China-based CCG Mining Inc. for a joint venture to explore and develop ULI's South Big Smoky Valley claims in Nevada.

Teck Resources Ltd. (TSX:TCK) announced third quarter profits of $252 million ($0.44 per share) October 24 – a 40% drop compared with Q3 2012’s profits of $425 million ($0.73 per share).

Total global budget for nonferrous metals exploration dropped to $15.2 billion in 2013 from $21.5 billion in 2012, a 29% decrease likely to remain the same until the end of the year, according to preliminary results from SNL Metals Economics Group’s latest report.

West Fraser Timber will close its Houston, British Columbia sawmill in 2014 in an attempt to deal with the effect of the mountain pine beetle epidemic, the company announced today.

Vancouver-based gold mining giant Goldcorp (TSX:G) had a tough third quarter.