David Jordan

Recent Posts on BCBusiness - Page 4

Jan 7, 2014
Jake Kerr Bids Goodbye to Forestry

After one false start, Jake Kerr is finally exiting the forestry business. The managing partner of Lignum Forest Products LLP is leaving the company after its sale to Conifex Timber Inc. for US$4 million, announced earlier this week. The limited partnership was the second iteration of a forestry company founded by...

Jan 6, 2014
A New Era in Junior Financing

Junior mining companies and the brokerages that raise financing for them are facing unprecedented challenges that threaten the existence of the industry, according to finance and mining veterans who gathered at the Capital Ideas 2013 conference last fall. Brokers, investors and junior-mining executives singled out automated trading programs and consolidation among...

Jan 3, 2014
Vancouver Has Fewer Taxis Than Any Other Canadian City

Vancouver may not have the highest taxi fares in Canada, but that’s little comfort to city residents trying in vain to hail a cab downtown on a Friday night. In a recent report, the Conference Board of Canada found that Vancouver has the lowest number of taxis per capita of any...

Dec 16, 2013
China Lumber Exports Break Records

B.C. lumber exports to the province’s three main trading partners surpassed 2012 levels in just the first ten months of 2013. Exports to China through October surpassed the previous annual record, with $1.17 billion of softwood lumber going to that country, compared to the previous annual high of $1.1 billion in...

Dec 6, 2013
Fortress Mill Faces Shutdown

Fortress Paper Ltd. faces further trouble at its Thurso, Quebec, mill, with the announcement yesterday that the mill will be shut down at least until December 10 in order to repair a faulty pipe, losing at least six days of production. The company announced in October that it intends to convert...

Dec 6, 2013
Lights Out at Light-Based Technologies

Light-Based Technologies Inc. of Vancouver is folding up shop. After seeking a buyer for the company, CEO Art Aylesworth reports that “No offers to acquire or invest were received and the company is rapidly running out of cash. Unfortunately... the board was left with no alternative but to wind down...

Nov 4, 2013
Chad Wasilenkoff, CEO, Fortress Paper Ltd.

Chadwick Wasilenkoff is not your typical forestry CEO. Rather than work his way up the corporate ladder, the 41-year-old top executive at Fortress Paper Ltd. created the company from scratch. He got Fortress off the ground in 2006 by putting together a group of investors that bought two European paper...

Nov 1, 2013
Clean Energy Looking for a Place in the New North

In August this year BC Hydro released a draft of its 20-year plan describing how it plans to meet future growth in demand for electricity. The power utility sought public input through October 18, and plans to submit a final draft to the provincial government for approval by November 15. Absent...

Oct 7, 2013
2013 Mining and Metals EOY: Clive Johnson

In 1988, Clive Johnson found himself, at 31 years old, in an office with a single employee and visions of building a company. Nineteen years later that company, Bema Gold Corp., sold for $3.8 billion. At the time it had 800 employees and was operating mines in Russia and South...

Oct 7, 2013
Craig Richmond, CEO, YVR

You were born in Vancouver and raised in Kamloops, and served in the Canadian Armed Forces as a fighter pilot. Did you go straight from high school to the Armed Forces? I did. Back then, at the height of the Cold War, you didn’t have to go to university. So I...

Sep 23, 2013
D-Wave Takes a Quantum Leap

D-Wave Systems Inc., manufacturer of quantum computers, last week unveiled its new research and manufacturing facility in Burnaby. The 42,000-square-foot site replaces D-Wave’s previous 18,000 square-foot facility, also in Burnaby. Joining D-Wave co-founder and chief technology officer Geordie Rose at the ribbon-cutting were president and CEO Vern Brownell; Minister of Technology...

Sep 19, 2013
B.C. Signs on to National Securities Regulator

The governments of B.C., Ontario and Canada jointly announced this morning an agreement to establish a “co-operative capital markets regulatory system” in Canada. In an exclusive interview with BCBusiness, Minister of Finance Michael de Jong explains what that means. What does this agreement mean in practical terms? Does it mean the...

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