GFM Network News


BHP Billiton to cut 76 Sask. potash jobs

Reuters — Anglo-Australian miner BHP Billiton will cut 76 jobs from its Canadian potash operations due to low commodity prices, a company spokesperson said on Friday. Work continues on sinking and lining shafts at BHP’s potash mine near Jansen, Sask., about 60 km southeast of Humboldt, according to the spokesperson. The mine would be the […] Read more

(Barry Wilmore photo courtesy NASA)

Global markets: Mine shutdowns, U.S. jobless claims

CNS Canada — The following is a glance at news moving markets globally. BHP EXECUTIVE SAYS SHUTTING MINES WON’T AFFECT PRICES – An executive from BHP Billiton Ltd., a multinational mining, metals and petroleum company, said mines being shut down will not affect commodity prices-like copper-because the mines being shut are not profitable. Some analysts […] Read more

(Dave Bedard photo)

Liberals, NDP say would clarify foreign takeover rules

Winnipeg | Reuters –– Canada’s Liberal and New Democratic parties, vying to replace the governing Conservatives in a tight three-way election race, both say they would clarify rules around foreign corporate takeovers if they win. Liberal leader Justin Trudeau, campaigning in Winnipeg on Tuesday, said foreign investors need clearer rules around takeovers. “(Conservative Prime Minister […] Read more