Resources & Agriculture

Timber supply crunch could create windfall as prices rise, but will also cause volatility

Despite increasing optimism in the economy, only 24% of global mining and metals companies are focused on mergers and acquisitions (M&A) in the next six months, according to an Ernst & Young (E&Y) report released this morning.

At its core, Canada is an export nation. And our largest export is oil and gas.

A massive anticipated demand for new gas supplies by liquefied natural gas industry in B.C. has yet to result in any increase gas field activity, according to National Energy Board statistics.

Despite capital markets retreating from mineral exploration plays and gold prices dropping 13% in April, Teck Resources Ltd. (TSX: TCK) is bucking a trend by sinking $10 million into a local gold exploration company with prospects in West Africa.

A forestry analyst is warning that companies who can't adjust quickly to take advantage of surging lumber markets are going to miss out on a huge opportunity.

The BG Group has unveiled its plans for a liquefied natural gas plant in Prince Rupert that would bring between 200 and 300 LNG tankers into port each year, consume more than half of the electricity that would be produced by the Site C dam and take five years to build, with construction taking place around the clock, seven days a week.

Talisman Energy Inc. (TSX:TLM) CFO Scott Thomson has been recruited to replace outgoing Finning International (TSX:FTT) CEO Mike Waites, who is retiring.

Catalyst Paper reported a net loss of $9.8 million in the first quarter of 2013, an improved result compared with the $35.2 million loss the company took in the last quarter of 2012.

Slew of job-generating megaprojects, from pipelines to Site C, likely to get rough ride under NDP