Canada Top Stories

Zimbabwe, Russia sign $4B platinum mine deal

The mine would be built on one of the largest…

Copper producer KGHM may freeze more mines in Canada, US – CEO

KGHM's foreign assets have struggled with rising costs, falling copper…

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No Keystone XL means Canadian crude will stay dirt cheap

Caving to pressure from environmental groups, the Obama administration on Wednesday rejected the $7 billion-plus Keystone XL pipeline which would have carried 700,000 barrels of crude oil a day from the Alberta oil sands to refineries along the US Gulf coast. The lack of pipelines like Keystone has meant that Canadian crude sells for much cheaper than global oil – on Wednesday the discount widened to over $30.

Kinross down 19% after announcing Tasiast project setback

Kinross Gold (K.TO) erased 19.46% of its value, with shares dropping to $10.65 a share on Tuesday, after it disclosed that it will take ". . . a material non-cash accounting charge, primarily relating to the goodwill recorded for the Tasiast mine in connection with the 2010 Red Back acquisition."