TORONTO, March 14 (Reuters) – Diamond Fields International
Ltd, a Canadian mining company that shot to fame
following the discovery of the massive Voisey’s Bay nickel
deposit, said on Thursday it is being de-listed for failing to
meet Toronto Stock Exchange requirements.
The company, originally founded as Diamond Fields Resources
Inc by Jean-Raymond Boulle in 1993, was credited with finding
the Voisey’s Bay deposit – widely viewed as one of the greatest
mineral finds in Canada in decades – in the eastern province of
Newfoundland and Labrador.
TORONTO, March 14 (Reuters) – Canadian regulators unveiled
proposals on Thursday on the use of poison pills as a takeover
defense that are likely to make hostile corporate takeovers in
the country more difficult.
The two sets of proposals, laid out by provincial securities
regulators, aim to bring more coherence to Canada’s regulatory
regime after conflicting rulings by some provincial regulators
on poison pills, which companies use to fend off unwanted
TORONTO (Reuters) – BlackBerry will offer technology to separate and secure work and personal data on mobile devices powered by Google Inc’s Android platform and Apple Inc’s iOS operating system, the company said on Thursday.
The new Secure Work Space feature will be available before the end of June will be managed through BlackBerry Enterprise Service 10, the platform that allows BlackBerry’s corporate and government clients to handle devices using different operating systems on their networks.
TORONTO, March 13 (Reuters) – BlackBerry’s volatile
shares surged on Wednesday after the smartphone maker said one
of its established partners had placed an order for 1 million
BlackBerry 10 smartphones, with shipments set to begin
The Waterloo, Ontario-based company said it is the largest
ever single purchase order in its history, a big fillip for the
company that is attempting to regain relevance in the
ultra-competitive smartphone market, where it has ceded ground
to rivals like Apple Inc’s iPhone, Samsung Electronics’
line of Galaxy devices and other devices powered by Google Inc’s
Android operating system.
TORONTO, March 12 (Reuters) – First Quantum Minerals Ltd
moved closer to clinching its hostile acquisition of
fellow Canadian miner Inmet Mining Corp on Tuesday
after a majority of the base metal miner’s shareholders tendered
shares in favor of First Quantum’s C$5.1 billion ($5 billion)
First Quantum said in a statement that a total of 43.2
million Inmet shares, representing about 61.5 percent of
outstanding shares, had been tendered in favor of its offer. It
extended the offer to 11:59 p.m. EDT (1559 GMT) on March 21.
TORONTO, March 11 (Reuters) – BlackBerry shares rose
12 percent on Monday, fueled by takeover speculation and news
that AT&T Inc will start selling the new BlackBerry Z10
touchscreen smartphone in the United States on March 22.
The CEO of China’s Lenovo Group Ltd told a French
newspaper on Monday that the personal computer maker might
consider an acquisition of Canada’s BlackBerry at some point in
TORONTO, March 6 (Reuters) – A purge of exploration-stage
mining companies seems inevitable over the next 18 months as
cash shortages threaten hundreds with extinction, de-listing or
bankruptcy, industry insiders say.
With the mining sector enjoying an extended bull run in
recent years, the ranks of explorers listed on Canada’s TSX
Venture Exchange – the world’s biggest market for start-ups in
the sector – has ballooned to over 1,300, accounting for almost
60 percent of all companies listed on the exchange.
TORONTO, March 5 (Reuters) – Leave it to the irreverent
Robert Friedland to brighten the mood of a mining conference in
the throes of a deep, collective depression.
The outspoken financier, known for his talent for picking
winners in a risky business, made a rare public appearance on
Monday to trumpet his latest venture, Ivanplats Ltd.
TORONTO, March 4 (Reuters) – A growing sense of caution
gripping the mining industry is having a big impact on
exploration service providers such as Major Drilling Group
International Inc, which posted a quarterly loss on
Monday and offered little hope of an early turnaround.
The mining sector’s new emphasis on austerity in the face of
stagnant metal prices has led to a sharp pullback in exploration
spending. Juniors and more established miners alike have delayed
or canceled exploration programs, clouding the outlook for Major
and its rivals for years.
TORONTO, March 4 (Reuters) – The war of words between
fertilizer maker Agrium Inc and its biggest shareholder,
Jana Partners, escalated on Monday with Agrium slamming the
hedge fund’s plan to split the company in a letter to investors
ahead of its annual meeting next month.
Calgary, Alberta-based Agrium, which has begun mailing its
proxy circular to shareholders ahead of the meeting on April 9,
said Jana’s plan is an “ill-conceived scheme” that will destroy