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Resources & Agriculture

Malaysia’s Petronas to acquire Progress Energy for $5.5b

Malaysia’s Petronas to acquire Progress Energy for $5.5b

Petronas , Malaysia’s national oil and gas company, has acquired Calgary-based Progress Energy Resources Corp. (TSX:PRQ) for approximately $5.5 billion. The deal gives Petronas 100% control of Progress’ natural gas assets in northeast B.
Vancouver potash company to buy Regina wastewater

Vancouver potash company to buy Regina wastewater

Western Potash Corp . (WPX:TSX) will pay the City of Regina $200 million over 45 years for treated wastewater to be used at a new potash mine south of the Prairie capital.

Resource briefs

Mining: Yamana bids for embattled Extorre
Catalyst creditors approve reorganization plan

Catalyst creditors approve reorganization plan

Catalyst Paper Corp .'s (TSX:CTL) creditors have given the OK for a planned restructuring that will see the company sold. Creditors rejected a proposed restructuring plan last month, forcing the company to seek a stalking horse bid.
Perception – not science – driving opposition to GM apples, orchardist says

Perception – not science – driving opposition to GM apples, orchardist says

Farmers fear business losses if genetically modified fruits get federal approval
Baja Mining obtains standstill agreement from lenders

Baja Mining obtains standstill agreement from lenders

Vancouver-based Baja Mining Corp. (TSX:BAJ) announced this morning that it has obtained a 45-day standstill agreement from its lenders with regards to project financing of its Minera y Metalúrgica del Boleo S.A. de C.V. (MMB) subsidiary.
Company aims to drive business plan with clean coal

Company aims to drive business plan with clean coal

MicroCoal reactor uses microwaves to extract usable water and create higher-grade, cleaner coal

Researcher wants greens to come clean on funding

More transparency sought, but environmental groups say concerns are misrepresented
Shareholder sues Baja Mining for late cost overrun disclosure

Shareholder sues Baja Mining for late cost overrun disclosure

One of Vancouver miner Baja Mining Corp. 's largest shareholders is suing the company (TSX:BAJ) and demanding an independent investigation into cost overruns at its Boleo project, Baja announced June 18.

Local mining companies banking on uranium revival

Price rising, market activity up as global nuclear energy fears generated by the fallout from Japan's devastating tsunami begin to fade