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Why Potash Corp should take a run at Intrepid Potash…in a year

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Potash Corp. of Saskatchewan Inc. should consider a takeover of Intrepid Potash Inc. even though the analyst recommending such a deal doesn’t think it will happen for a year. Ben Isaacson at Scotiabank noted that Potash Corp.’s failed acquisition of Germany-based K+S AG was about both consolidation and accretion. However, …

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TransCanada Corp launches US$15-billion lawsuit against U.S. government for rejecting Keystone XL

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CALGARY – TransCanada Corp. said Wednesday it intends to file a challenge under the North American Free Trade Agreement (NAFTA) seeking US$15-billion in damages from the United States government over President Barack Obama’s denial of the Keystone XL pipeline. In addition, the Calgary-based company filed a lawsuit in U.S. Federal …

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Dundee Corp listened and responded with better proposal on amending its preferred shares

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The people have spoken and the people, in this case holders of Series 4 preferred shares issued by Dundee Corp. who responded negatively to an initial proposal, have emerged victorious. But they only won because Dundee listened and changed a plan that seemed destined to be shot down at a …

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Eldorado Gold Corp shares plunge 19% after company suspends most activities in Greece

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Over several years, Eldorado Gold Corp. earned a reputation for getting mines built in challenging countries where its rivals struggled. But in Greece, that reputation is being seriously tested. The Vancouver-based miner’s stock plunged 19 per cent to $3.53 on Tuesday after it announced the suspension of most of its …

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Eldorado Gold Corp suspends much of its mine construction in Greece as permit delays continue

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Canadian miner Eldorado Gold Corp on Monday said it was suspending much of its mine construction and development in Greece after a year of confrontations with the Greek government that included permits being revoked and delayed by the state. Eldorado said it would suspend construction at its Skouries project and …

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TransAlta Corp cuts dividend by more than a third to save money for shift away from coal

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TransAlta Corp, the Alberta power generator, cut its quarterly dividend by more than a third to save money as it transitions toward gas and renewable power generation and away from coal. The quarterly dividend was cut to 4 cents a share from 18 cents previously, the company said in a …

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Potash Corp of Saskatchewan to shutter New Brunswick mine at cost of 430 jobs

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Potash Corp. of Saskatchewan Inc.’s decision to shut its New Brunswick operations reflects the fact that potash demand hasn’t met the fertilizer industry’s hopes for the better part of a decade. The move effectively nullifies a $2 billion investment that was first approved in 2007, and will result in up …

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After Keystone XL rejection, TransCanada Corp looks to beef up U.S. Gulf Coast presence

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With its ambitious Keystone XL project rejected by U.S. President Barack Obama, TransCanada Corp. is pursuing more modest developments in the U.S. Gulf Coast to make inroads in the oil refinery complex. TransCanada launches US$15B lawsuit against U.S. government for rejecting Keystone XL TransCanada Corp. said Wednesday it intends to …

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Potash Corp. sues over alleged flaws in construction of $2.2-billion New Brunswick mine

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Potash Corp. of Saskatchewan Inc. is suing the engineering company that built part of its $2.2 billion Picadilly mine in New Brunswick, alleging that construction flaws have resulted in the “complete failure” of a mine shaft. The Saskatoon-based miner seeks unspecified damages from Cementation Canada Inc., which was hired in …

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Barrick Gold Corp shares are sinking this morning after warning of $3-billion writedown

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TORONTO — Barrick Gold Corp. shares were lower in pre-market trading, following its advance notice of a US$3-billion asset writedown. Barrick (TSX:ABX) says it will be writing down the value of its stalled Pascua-Lama mining project on the border of Chile and Argentina and its Pueblo Viejo gold operation in …

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