TORONTO, July 16 (Reuters) – Eldorado Gold Corp
said on Tuesday it will cut 2013 capital spending by 35 percent
and push back the start of various projects, making it the
latest producer to curb spending in response to low gold prices.
Eldorado, a mid-tier producer that owns mines in Turkey,
Greece and China, said its operating plan now assumes a gold
price of $1,250 an ounce for the foreseeable future.
LAC-MEGANTIC, Quebec (Reuters) – It was a runaway train that caused this month’s deadly inferno in Lac-Megantic, but the Canadian town’s leaders, business owners and many of its residents see the railway as crucial to their survival and want it operating again as soon as possible.
Fifty people, including 17 still missing, are believed to have been killed on July 6 when a driverless train with 72 oil tanker cars crashed and exploded in the center of the picturesque, lakeside town in rural Quebec. The fire burned for hours and dozens of buildings were leveled.
LAC-MEGANTIC, Quebec (Reuters) – Quebec Premier Pauline Marois lashed out on Thursday at the railway boss whose runaway train leveled the center of a tiny Quebec town, as residents came to grips with the reality that 50 of their neighbors were likely dead.
“The behavior of the company and its president has been absolutely deplorable,” Marois said of the executive, Ed Burkhardt, and the Montreal, Maine & Atlantic Railway, whose driverless train of tanker cars smashed into Lac-Megantic early on Saturday and exploded in a wall of fire.
LAC-MEGANTIC, Quebec, July 11 (Reuters) – Residents of the
town of Lac-Megantic in Quebec were coming to grips on Thursday
with the reality that 50 of their own were most likely dead in
the aftermath of the worst railway disaster in North American in
more than two decades.
Five days after a train hauling 72 cylinders of crude oil
jumped the track and exploded into a wall of fire, provincial
police said they had recovered 20 bodies, with another 30 people
still missing and presumed dead, confirming the worst fears of a
community that had all but given up hope.
LAC-MEGANTIC, Quebec, July 10 (Reuters) – The head of the
company whose oil-tanker train exploded and devastated a small
Quebec town faced cries of “murderer” from furious town
residents on Wednesday and said the calamity may well have
resulted from crucial hand brakes on the train not being set
“It’s very questionable whether the hand brakes were
properly applied on this train. As a matter of fact I’ll say
they weren’t, or we wouldn’t have had this incident,” Montreal
Maine and Atlantic Railways Chairman Ed Burkhardt told an often
raw and unruly outdoor news conference in the eastern Quebec
town of Lac-Megantic as irate town residents looked on.
LAC-MEGANTIC, Quebec (Reuters) – The number of people dead or missing after an oil-tanker train exploded in the Quebec town of Lac-Megantic has risen to 60 from 50, police said on Wednesday, as 200 investigators sifted through the charred wreckage of what they said is a crime scene.
The runaway train derailed and blew up in the middle of the town of 6,000 near the Maine border early on Saturday morning, flattening dozens of buildings in Lac-Megantic’s historic downtown and leaving it looking like a war zone.
LAC-MEGANTIC, Quebec (Reuters) – Investigators sifted through the charred remains of Lac-Megantic’s historic downtown early Wednesday morning, as they searched for clues into what could turn out to be North America’s worst railway disaster since 1989.
Police said they are investigating whether Saturday’s derailment and subsequent explosion – which leveled the center of the lakeside Quebec town killing at least 15 and probably dozens more – involved foul play or criminal negligence.
LAC-MEGANTIC, Quebec (Reuters) – Canadian police on Tuesday said they had opened a criminal investigation into the train explosion that likely killed 50 people in Lac-Megantic, and some 200 officers were scouring the town’s devastated center for clues.
Inspector Michel Forget said police did not believe terrorism was involved when a runaway train hauling 72 cars of crude oil barreled into town early on Saturday, derailed on a curve and exploded into a huge fireball that destroyed the center of the lakeside community.
LAC-MEGANTIC, Quebec (Reuters) – Investigators seeking the cause of the deadly train crash in the tiny Quebec town of Lac-Megantic, were focusing Tuesday on the train’s brakes, the railway company’s own regulations and whether Canada needs tougher train-transport standards.
Officials from the Transportation Safety Board of Canada said more than a dozen investigators were examining every angle of the accident, in which a runaway train hauling 72 cars of crude oil plowed into the lakeside town and exploded.
LAC-MEGANTIC, Quebec, July 9 (Reuters) – Authorities in the
severely damaged Quebec town of Lac-Megantic said some residents
could start returning home on Tuesday, three days after a
runaway train derailed and exploded, killing up to 50 people.
“I have excellent news to announce this morning,” Mayor
Colette Roy-Laroche told reporters as she announced that around
1,200 of the 2,000 people who were evacuated due to the disaster
could go home. The town has 6,000 people.