Ultimately the widespread selling is evidence of investors’ revulsion for a sector that has struggled with falling prices for four years and has demonstrated no clear schedule for a recovery.
Anglo-Australian miner BHP Billiton PLC will cut 76 jobs from its Canadian potash operations due to low commodity prices, a company spokesperson said on Friday.
The Maritimes have long been portrayed as an area of economic stagnation, with a stream of job-seekers headed to all points west. However, it may be time to re-evaluate that depiction.
Alberta’s energy regulator is about to consider a plan for a large mountaintop coal mine at the same time it investigates the proponent for possibly fouling a crucial spawning stream for endangered trout.
Teck Resources Ltd. is delaying the planned startup of a multibillion-dollar oil sands mine by at least five years, becoming the latest company to push back development as shaky energy markets threaten profits in the high-cost sector.
Barrick Gold Corp. is considering raising funds from its key gold mine in the Dominican Republic, according to people familiar with the matter, as the world’s largest gold producer races to pay down its debt.
Collapsed prices, a looming recession, calls for a development moratorium, halting federal action on emissions – the oil sands are under pressure on many fronts.
As Brazil’s Vale SA figures out what to do with its fertilizer business, the mining giant is thought to be testing the waters on a potential sale, according to people familiar with the matter.
