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Jul 9, 2013

Shell-shocked residents eager to return home in Quebec town

LAC-MEGANTIC, Quebec (Reuters) – Three days after a runaway train derailed and exploded in the downtown core of Lac-Megantic, many residents of the Quebec tourist town are still waiting for answers about missing loved ones, while others are just impatient to return home.

With the fires now out and the authorities finally able to access the epicenter of the blasts, the death toll is expected to climb and many of the town’s evacuated residents will finally be allowed back to assess the damage.

Jul 8, 2013

Corrected: Five die, 40 missing after Canadian freight train disaster

LAC-MEGANTIC, Quebec (Reuters) – At least five people died and 40 were missing on Sunday after a runaway train carrying crude oil exploded and destroyed the center of a small Canadian town in a disaster that raises fresh questions about shipping oil by rail.

The train had been hauling crude from North Dakota to eastern Canada, and was parked, without a driver, outside town when it began rolling downhill, gathering speed and derailing on a curve at 1 a.m. (0500 GMT) on Saturday.

Jul 8, 2013

Fire was doused on train before it smashed into Quebec town

LAC-MEGANTIC, Quebec, July 8 (Reuters) – A driverless,
runaway fuel train that exploded in a deadly ball of flames in
the center of a small Quebec town started rumbling down an empty
track just minutes after a fire crew had extinguished a blaze in
one of its parked locomotives, an eyewitness said on Monday.

The train rolled 12 km (8 miles) from the town of Nantes to
the town of Lac-Megantic, near the Maine border in eastern
Quebec, gathering speed on a downhill grade. It derailed in the
middle of Lac-Megantic early on Saturday and blew up, flattening
dozens of buildings and killing five people. Another 40 are
missing, feared dead.

Jul 8, 2013

Police struggle to probe Quebec blast; cause still a mystery

LAC-MEGANTIC, Quebec, July 8 (Reuters) – Canadian police on
Monday struggled to find the remains of people killed when a
driverless crude oil train derailed and blew up in a small
Quebec town over the weekend as questions grew over how the
disaster had occurred.

The five locomotives and 72 oil cars had been parked about
eight miles from Lac-Megantic on Friday night. The brakes then
somehow released and the train gathered pace as it rolled down a
hill into the center of the town early on Saturday morning.

Jul 7, 2013

Runaway train devastates small town in Quebec

LAC-MEGANTIC, Quebec (Reuters) – The only warning Lac-Megantic residents had of the coming disaster was the louder-than-usual rumble of a train – a runaway locomotive laden with crude oil that would jump the tracks, explode and burn down the center of town.

“I heard a rattle, louder than usual, so I went out on the balcony and I saw the train going at extremely high speed,” said Ghislain Bisson, 52, who was watching late-night television as the train approached. “Then, I saw it. It just left the track and headed right for the building.

Jul 7, 2013

Five die, 40 missing after Canadian freight train disaster

LAC-MEGANTIC, Quebec, July 7 (Reuters) – At least five
people died and 40 were missing on Sunday after a runaway train
carrying crude oil derailed and exploded in the center of a
small Canadian town in a disaster that raised fresh questions
about shipping oil by rail.

The train was hauling crude in 72 tanker cars from North
Dakota to eastern Canada. It was parked, without a driver, but
then it rolled downhill, gathered speed and derailed on a curve
in the small town of Lac-Megantic at 1 a.m. (0500 GMT) on
Saturday.

Jul 7, 2013

Canadian freight train blast death toll hits three, set to rise

LAC-MEGANTIC, Quebec (Reuters) – Canadian police on Sunday raised the death toll from a massive explosion involving a runaway freight train to three and said they expected to find more bodies in the wreckage of a small Quebec town.

The train, which had been hauling crude oil from North Dakota to eastern Canada, derailed and blew up early on Saturday in Lac-Megantic, a town of 6,000 on the edge of a deep blue lake and ringed by forests of pine and birch. There was no driver on board.

Jul 1, 2013

Analysis: Latest Barrick mine delay fans price tag fears

TORONTO (Reuters) – Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz) has slowed spending at its Pascua-Lama project in South America, delaying first output to 2016, but that may not be enough for the its shareholders, who worry that the final price tag may creep beyond what the mine is worth.

While the flagship development, which straddles the border of Chile and Argentina, is one of the richest untapped gold deposits in the world, the string of delays and budget overruns have been a nightmare for world’s top producer and its investors.

Jun 30, 2013

Latest Barrick mine delay fans price tag fears

TORONTO, June 30 (Reuters) – Barrick Gold Corp has
slowed spending at its Pascua-Lama project in South America,
delaying first output to 2016, but that may not be enough for
the its shareholders, who worry that the final price tag may
creep beyond what the mine is worth.

While the flagship development, which straddles the border
of Chile and Argentina, is one of the richest untapped gold
deposits in the world, the string of delays and budget overruns
have been a nightmare for world’s top producer and its
investors.

Jun 27, 2013

New rules pressure gold miners to come clean on costs

LONDON/TORONTO, June 27 (Reuters) – The gold industry has
released new guidelines for bullion miners under pressure to
disclose the real economics of producing an ounce of metal,
feeding a debate over the sustainability of many gold mines in a
sector battered by falling prices.

Miners have seen gold prices soar since the turn of the
millennium. At their height in 2011, prices were more than six
times the level a decade earlier.

    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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