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Canadian law firms sue Barrick over troublesome South American project

Canadian law firms sue Barrick over troublesome South American project

A group of Canadian law firms are pursuing a class action against Barrick Gold (TSX, NYSE:ABX) and a few of its current and former senior executives, claiming they misrepresented how much risk the miner really faced when it kicked-off construction at the now shelved Pascua-Lama project in South America.
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B.C. provides $3M for mine, geothermal exploration near Prince George

B.C. provides $3M for mine, geothermal exploration near Prince George

A heretofore underexplored region west of Prince George will see enhanced geological surveying, thanks to $3 million in new funding from the B.C. Ministry of Energy and Mines.
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Japanese company to open LNG transport tank container business in Vancouver

Japanese company to open LNG transport tank container business in Vancouver

Hitachi High-Technologies Corporation and Air Water Plant & Engineering Inc have agreed to operate a manufacturing and sales business in Vancouver for tank containers for transporting LNG and related products.
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Petronas CEO warns BC against 'unrealistic expectations' on LNG

Petronas CEO warns BC against 'unrealistic expectations' on LNG

The B.C. government’s annual three-day LNG Conference opened May 21 in the shadow of an announcement that Russia had signed a $400 billion, 30-year deal to supply natural gas to China – one of B.C.’s hoped for long-term liquefied natural gas customers.
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Fungus and climate change threaten global coffee supply

Fungus and climate change threaten global coffee supply

A coffee bean-killing fungus that has spread across Central America likely won’t have an impact on prices this year, but starting in 2015, coffee drinkers in British Columbia could be paying a higher price for Americanos and lattes.
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Ainsworth Lumber deal worth $1 billion falls apart amid anti-trust scrutiny

Ainsworth Lumber deal worth $1 billion falls apart amid anti-trust scrutiny

Ainsworth Lumber Co. and Louisiana Pacific Corp. have dropped a planned $1.1 billion acquisition by LP of the Vancouver OSB manufacturer, saying both Canadian and American anti-trust regulators had thrown up too many hurdles.
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LNG projects could generate $200 billion in investment in B.C., EY estimates

LNG projects could generate $200 billion in investment in B.C., EY estimates

U.S. and Australia have a head-start in the global race to dominate market, LNG conference speakers warn
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Increase in mining deals predicted this year

Increase in mining deals predicted this year

Upbeat news for the mining industry keep piling up, with most major research groups including PwC and E&Y, predicting a significant increase in mining deals this year. The latest one to come up with optimistic data on the matter is Business Monitor, which also warns austerity will remain a key priority for mining firms.
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Ivanhoe inks $125 million bought deal with Canadian banks

Ivanhoe inks $125 million bought deal with Canadian banks

Three major Canadian banks are backing two mines that Ivanhoe Mines Ltd. (TSX:IVN) plans to build in the Democratic Republic of Congo (DRC) with the purchase of $125 million worth of shares in the company.
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LNG competitiveness in B.C. depends on five factors: EY

LNG competitiveness in B.C. depends on five factors: EY

Before British Columbia’s LNG dreams can become a reality, there are five factors that must be addressed, according to an EY report released May 20.
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