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Canada’s Prime Minister Mark Carney signed an agreement with Alberta’s premier on Thursday that rolls back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast. Under the agreement, the federal government will scrap a planned emissions cap on the oil and gas&nbs...
Zimbabwe will hike royalties on gold producers as it moves to take advantage of recent record high bullion prices, a 2026 national budget speech showed on Thursday. As part of a raft of revenue measures aimed at boosting state income and supporting local industry, gold miners will pay a 10% royalty if prices exceed $2,501 per ounce, according to […]
China is heading into winter expecting record power use again, and officials are already warning that both electricity load and daily gas demand are likely to set new highs. The NDRC says the heating season will run longer this year. That usually means heavier coal burn and more gas in the mix. Beijing says the […]
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Argo Queensland, a new entity backed by a consortium of European and Japanese investors, has acquired a 70 per cent stake in Fitzroy Australia Resources. AMCI Group, a privately held investment firm, sold its controlling interest for an undisclosed sum. The deal, brokered through a Queensland Government trade mission, will breathe new life into three […]
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Barrick Mining Corporation has completed the sale of its Hemlo gold mine in Ontario to Carcetti Capital, which will be renamed Hemlo Mining Corp (HMC), in a deal worth up to $1.09-billion. The transaction includes $875-million in cash, $50-million in HMC shares and up to $165-million in production- and gold price-linked payments over fi...
