LONDON/TORONTO, Sept 16 (Reuters) – Mining group Anglo
American has pulled out of the Pebble copper-gold
project in Alaska, less than two months after pledging to halve
a $17 billion pipeline of potential mines and bring down the
cost of keeping future options open.
The decision, announced on Monday, leaves junior exploration
company Northern Dynasty to push ahead alone with the
plan to develop one of the largest copper-gold deposits in the
world – but also a hugely environmentally challenging project
that has already been studied for almost three decades.
TORONTO, Sept 15 (Reuters) – A few years ago, a successful
run on the festival circuit might have propelled a small
independent film into a limited art-house run and then onto the
shelves of the local video store, where for the most part, it
would be forgotten.
The rise of streaming and Video on Demand (VoD) is changing
that model, allowing independent filmmakers to skip the studio
distribution process and tap directly into new audiences on
their computers, smartphones and television sets.
TORONTO (Reuters) – Ask the new wave of Canadian directors why they’re getting calls from Hollywood and the answer is easy: Canada’s thriving film industry has allowed them the freedom to tell the stories they want to tell, in the way they want.
In a Hollywood built around commercial success – often at the cost of originality – Canadian directors are now bringing their voices to major feature films. So far, the response has been good.
TORONTO (Reuters) – Controversial Canadian director Paul Haggis is back in Toronto with his latest feature, which may end up being even more divisive than “Crash,” his 2004 story of racism, love and interlinking lives that won the Oscar for best picture.
In “Third Person,” which premiered at the Toronto International Film Festival this week, Haggis again creates a multi-character drama, this time exploring the themes of love, trust and guilt.
LOS ANGELES/TORONTO (Reuters) – As director Bill Condon was finishing up his film “The Fifth Estate” about Julian Assange and anti-secrecy website WikiLeaks, former spy agency contractor Edward Snowden started leaking U.S. security documents, reigniting the public debate over secrecy, security and whistleblowing in the Internet era.
“The same lines were being used, the same script was being recited, it was fascinating,” said Condon. “And then Assange appeared and became part of the story.”
TORONTO (Reuters) – Toronto Mayor Rob Ford, who denied allegations earlier this year that he was caught smoking crack cocaine on camera, casually admitted on Wednesday that he has smoked “a lot of” marijuana.
The offhand comment by the leader of Canada’s largest city came as Ford was leaving a business luncheon and was asked by reporters if he had ever smoked the drug.
TORONTO (Reuters) – The 38th Toronto International Film Festival promises a heavy dose of Oscar bait and celebrities, with past Academy Award winners Meryl Streep, Colin Firth and Julia Roberts all expected in town for the 11-day event, which starts on September 5.
Widely considered the kick-off to Oscar season, the 2013 festival will feature 146 world premieres, including talked-about new films from acclaimed Canadian directors Paul Haggis and Denis Villeneuve. The full program was released on Tuesday.
TORONTO, Aug 20 (Reuters) – The 38th Toronto International
Film Festival promises a heavy dose of Oscar bait and
celebrities, with past Academy Award winners Meryl Streep, Colin
Firth and Julia Roberts all expected in town for the 11-day
event, which starts on Sept. 5.
Widely considered the kick-off to Oscar season, the 2013
festival will feature 146 world premieres, including
talked-about new films from acclaimed Canadian directors Paul
Haggis and Denis Villeneuve. The full program was released on
TORONTO, Aug 1 (Reuters) – Barrick Gold Corp
reported stronger-than-expected quarterly results on Thursday,
sending its shares up as much as 5.6 percent even as it recorded
a massive $8.7 billion impairment charge and cut its dividend by
The world’s largest gold producer also lowered its capital
spending forecast for the year and cut its cost estimates for
both copper and gold production.
By Julie Gordon
(Reuters) – Top U.S. gold miner Newmont Mining Corp (NEM.N: Quote, Profile, Research, Stock Buzz) on Friday posted a $2 billion second-quarter loss after a sharp drop in bullion prices and an impairment charge related to two Australian mines.
Newmont said the one-time $1.8 billion charge was primarily tied to two of its Australian mines, Boddington and Tanami, where sinking gold and copper prices have lowered the value of property, plant and mine development.