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Natural Resources

Aug 30, 2016
Booming Vancouver film industry short on locations and workers
Marcie Good

Vancouver has a “burnout of space,” according to film producers who can no longer find unfamiliar shooting locations. “Certain locations have been used so many times that they become recognizable on film and TV,” a local production assistant told CBC. Thanks to the low Canadian dollar and tax incentives offered...

Aug 23, 2016
Vancouver's Rusoro Mining wins US$1.2-billion lawsuit
Marcie Good

Rusoro Mining Ltd. has won US$1.2 billion in a suit against the Venezuelan government, which appropriated its assets in the country in 2011 as part of a nationalization of the gold industry. The Vancouver-based company attempted for several months to negotiate compensation without success before it filed a US$303-billion claim...

Aug 17, 2016
Poll: Should fracking be banned in B.C.?

Recently, documents obtained through freedom of information requests revealed that some BC Hydro experts are worried fracking might cause B.C.’s Peace Canyon Dam to fail. Fracking, or hydraulic fracturing, is the injection of fluids into rock to release oil and gas; it's been linked to, among other things, earthquakes. The...

Aug 16, 2016
Fracking threatens dams: BC Hydro
Marcie Good

Earthquakes triggered by fracking are a potential danger to Peace River dams, according to internal emails of BC Hydro officials. Those dams at risk include the W.A.C. Bennett Dam, the Peace Canyon Dam and the $9-billion Site C dam, currently under construction. While BC Hydro has never discussed these concerns...

Aug 9, 2016
Fisheries minister promises "rigorous and robust action" to protect Fraser River salmon
Marcie Good

More fish to fry. Four years after the Cohen Commission completed a report on the decline of sockeye salmon in the Fraser River, Federal Fisheries Minister Dominic LeBlanc has reiterated his government’s commitment to act on all 75 recommendations. However, he did not say that Ottawa would follow through on...

Aug 2, 2016
Silver Wheaton pays $800 million to get more gold
Felicity Stone

Silver Wheaton now has rights to 75 per cent of a Brazilian mine's production. The Vancouver-based company, which buys “streams” of future production from miners, is spending US$800-million for rights to an additional 25 per cent of the gold produced from the Salobo mine owned by a subsidiary of Vale...

Jul 26, 2016
B.C. junior miner wins David and Goliath battle against hostile takeover bid
Marcie Good

Silver win. In a decision hailed as a precedent, Vancouver-based Dolly Varden Silver Corp. was allowed to go ahead with a private placement equity offering in a joint hearing of the Ontario and B.C. securities commissions. The $6-million placement was a defensive strategy to a hostile takeover bid by Idaho-based...

Jul 22, 2016
Goldcorp CEO David Garofalo rides the highs and lows
Marcie Good

It was a year of very highs and very lows for Goldcorp Inc., which produced more gold than ever in 2015. With annual revenues of US$4.4 billion, it jumped six spots on this year’s Top 100 list—despite recording a US$4.2-billion loss. David Garofalo, who left the top position at HudBay Minerals...

Jul 19, 2016
"Global glut" of LNG is jeopardizing B.C.'s prospects: analyst
Marcie Good

Just breathe. Earlier this week, the Shell-backed partnership LNG Canada delayed its final decision indefinitely for a proposed LNG facility in Kitimat. Some, including energy analyst David Hughes of Global Sustainability Research, are wondering if this is a bad omen for the development of the industry in British Columbia. “I...

Jul 14, 2016
Poll: Should B.C. shift its focus away from LNG?

The LNG joint venture led by Royal Dutch Shell PLC has postponed its decision on building an export terminal in Kitimat. The Petronas-backed Pacific NorthWest LNG project near Prince Rupert is still not approved. The global supply of LNG has increased while demand is flat and oil prices are low.

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