Breadcrumb Trail Links Oil & Gas Energy Commodities Oilsands major underperformed its peers in second half of 2022, triggering a clause in last year’s peace agreement The Suncor Energy Edmonton Refinery. Photo by David Bloom/Postmedia files Article content Activist investor Elliott Investment Management LP appears poised to add a fourth member to Suncor Energy Inc.’s […]
Breadcrumb Trail Links Mining Commodities Agriculture Planning to hire 600 people in 2023, with large portion of workforce drawn from local community A construction worker “tubbing” a mine shaft at BHP Billiton Ltd.’s Jansen potash mine. Photo by BHP Billiton Article content Seasons change, and so does the weather, but one thing remains constant in […]
Breadcrumb Trail Links Oil & Gas Energy Commodities ‘It’s not pitting ourselves against any other province,’ says Grant Fagerheim of controversial bill Grant Fagerheim is the chief executive of Whitecap Resources. “We love making ourselves non-competitive,” said Fagerheim of Ottawa’s oil-and-gas emissions cap policy, which is expected to be released in 2023. Photo by Todd […]
Article content Rio Tinto Ltd. said on Friday it had completed its long drawn-out acquisition of the remaining 49 per cent stake in Turquoise Hill Resources, giving the Anglo-Australian firm a 66 per cent share of Mongolia’s Oyu Tolgoi, the world’s largest-known copper and gold deposit. Article content Turquoise Hill shareholders last week voted in […]
India has raised basic import duty on gold to 12.5 per cent from 7.5 per cent, according to a government notice dated June 30. This step has been taken to reduce influx of gold into the world’s second-largest consumer of the precious metal, after India’s ballooning trade deficit pushed the Rupee to a record low. […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading weak in India on Thursday, despite positive global trends. On Multi Commodity Exchange, gold August futures were ruling Rs 17 down at Rs 50,712 per 10 gram. So far this fiscal year, MCX gold has fallen 2.4 per cent. Silver September futures […]
Sugar mills have urged the government to allow exports of 8 million tonne (MT) of the sweetener under the open general licence (OGL) in the next season which commences on October 1. This, according to the Indian Sugar Mills Association (Isma), will help the sugar mills enter into future exports contracts well in advance prior […]
Reacting to the government’s move to restrict the export of sugar from June 1, the Indian Sugar Mills Association (ISMA) has said mills should be allowed to export an additional 1 million tonne of the sweetener in the current marketing season from October 2021 to September 2022. Shipments are the only viable option left for […]
State-run oil marketing companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation may soon have to start raising retail prices in small tranches as the Indian basket of crude oil hit a decadal high of $121.28 per barrel on Friday. The Indian basket represents a derived basket consisting of sour grade […]
India, the world’s second-largest sugar producer, exported 3.06 million tonne (MT) of the sweetener until June 2 this fiscal — 53% higher than a year before — official sources told FE. The unusual surge lends some credence to the government’s fears that sugar stocks could be substantially depleted by the festival season if outbound shipments […]