March 29, 2024

Lots of money at stake in film industry

Thousands of people packed North Shore Studios to rally support for the BC film industry. Many in the industry say BC is losing productions to Ontario because of tax breaks and other incentives. Cheryl Nex is the Vice-Chair of the Motion Picture Industry Association, "Their incentives are higher. When you talk about the base incentive and then … [Read more...]

Xstrata sells stake in B.C. coal for US$435M

VANCOUVER - A subsidiary of Swiss global mining giant Xstrata PLC that operates in B.C.'s coal industry says JX Nippon Oil & Energy Corp. will pay US$ 435 million for a 25 per cent stake in the operation.Xstrata Coal British Columbia said Wednesday it will retain a 75 stake in the joint venture, that will own coking coal assets in B.C.'s Peace … [Read more...]

Mariana Resources sells 20 per cent stake

VANCOUVER - Mariana Resources Ltd. (TSX:MRY) sells a nearly 20 per cent stake in the South American mining company to AngloGold Ashanti Ltd. for about US$ 8.5 million. Local news from metronews.ca/vancouver … [Read more...]

Cameco reduces stake in undeveloped property

VANCOUVER - Windarra Minerals Ltd. (TSXV:WRA) has agreed to buy a half-interest in the Little Deer Lake property from Cameco Corp. of Saskatoon (TSX:CCO), Canada's largest uranium company.The transaction will increase Windarra's holding in the property to 70 per cent at a cost of $ 25,000.Cameco will continue to own 15 per cent of the property and … [Read more...]

Rusoro says Venezuela wants controlling stake

VANCOUVER - Rusoro Mining Ltd. (TSXV:RML) says Venezuela's government intends to form a "mixed interest enterprise" with the company for the development of gold assets in the South American country.It said the message was delivered to Rusoro's president and chief executive Andre Agapov and chairman Vladimir Agapov by Rafael Ramirez, who is … [Read more...]

Much at stake for Grits in HST dispute

As British Columbians anxiously await Friday’s HST referendum results, the political implications for Premier Christy Clark and the B.C. Liberals are also up in the air. “My prediction is that (the HST’s opponents) will win,” said Simon Fraser political science Prof. Marjorie Cohen. “And then, of course, (the Liberals) will have to come up with … [Read more...]

Greenscape Capital to buy stake in CapTherm

VANCOUVER - Business advisory firm Greenscape Capital Group Inc. (TSXV:GRN) says it intends to buy a 40 per cent interest in CapTherm Systems Inc. for $ 1.9 million.CapTherm makes cooling hardware for devices such as servers, computers, electric vehicles, LED lighting, the military and MRI machines to help reduce energy costs.CapTherm has … [Read more...]

Nemi Northern Energy sells Peace River stake

VANCOUVER - Nemi Northern Energy and Mining Inc. (TSX:NNE.A) says it has agreed to sell its 12.18 per cent stake in the Peace River Coal Ltd. Partnership to Anglo Coal Canada Ltd. for $ 73 ... Vancouver News latest RSS headlines - Big News Network.com … [Read more...]