Resources & Agriculture

Just three days after Petronas and Progress Energy Resources Corp. (TSX:PRQ) announced they were moving ahead with a $9 billion to $11 billion liquefied natural gas plant in Kitimat and promised to increase its output 60% if the federal government approved a previously rejected takeover of Progress by Petrona, Ottawa did just that.

The Haisla First Nation – a major player in B.C.’s nascent liquefied natural gas industry and Northern Gateway pipeline proposal – has quit the Coastal First Nations (CFN) alliance over a difference of opinion on the LNG industry.

The sawmill in Burns Lake that exploded in January, killing two workers, will be rebuilt – despite a legal case hanging over the head of the American company that owns the mill.

Malaysian petroleum giant Petronas and its Canadian partner, Progress Energy Resources Corp. (TSX:PRQ), are upping the stakes in their bid to build a liquefied natural gas plant near Prince Rupert.

Vancouver gold miner defends itself against criticism highlighted by new documentary

Possible legal troubles raise questions over plans to rebuild Burns Lake mill

Ardew Wood Products owners blame tight supply of good quality timber for closure

Despite market volatility and softening commodities demand, Canadian mining companies should keep investing in their projects, according to a new Deloitte report.

The B.C. government will host the first international conference on the liquefied natural gas industry in February. But even as the government gears up to promote the industry in B.C., opponents are ramping up anti-LNG efforts.

Vancouver-based Lucara Diamond Corp. (TSX:LUC) has announced that, amidst a diamond sale this week, it sold a 9.46-carat blue diamond for $4,515,000 or $477,272 per carat.