Resources & Agriculture

Richmond company turns page on new chapter as it emerges from creditor protection

Vancouver's First Quantum (TSX:FM) and Toronto's Inmet Mining (TSX:IMN) are caught in a correspondence cross fire as both companies issued letters regarding the $5.1 billion hostile takeover bid for Inmet, reports MINING.com.

Opponents of Enbridge's Northern Gateway pipeline are planning to rally at Victory Square this afternoon as the company's environmental assessment and Energy Board hearings open in Vancouver.

The B.C. government has granted a conditional environmental assessment certificate to Creek Power Inc. for the $420 million Upper Lillooet hydro project.

Kinder Morgan Energy Partners, L.P.’s (NYSE:KMP) Trans Mountain Pipeline ULC has announced plans to increase the capacity of its proposed expansion of the Trans Mountain pipeline, which supplies oil and petroleum products from the Albertan oil sands to the Chevron refinery in Burnaby.

Methanex Corp. (TSX:MX) on January 10 announced plans to idle its Chilean operations in March due to anticipated insufficient natural gas supply.

Vancouver-based Eldorado Gold Corp (TSX:ELD)(NYSE:EGO) this week announced it would spend $98.5 million on exploration in 2013, and posted 2012 production results that came in just shy of its mid-year guidance, reports MINING.com.

Vancouver-based First Quantum Minerals Ltd. (TSX:FM, LSE:FQM) is dipping deeper into its pockets in its second attempt to acquire Toronto-based Inmet Mining Corp. (TSX:IMN).

Progress Energy Canada Ltd. has selected TransCanada Corp. (TSX:TRP; NYSE:TRP) to design, build, own and operate a proposed $5 billion Prince Rupert natural gas pipeline.

Finning International Inc. (TSX:FTT) announced January 8 that CEO Mike Waites plans to retire this year and will stay on until the company finds a replacement.