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.
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.
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.
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
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.
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.
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
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.
June 17 (Reuters) – Montreal’s new mayor, who pledged to
stamp out corruption when he took office last November, was
arrested and charged with fraud on Monday in another blow to the
reputation of Canada’s biggest cities.
Michael Applebaum, whose predecessor resigned under
pressure, faces 14 charges linked to two real estate deals,
police said during a morning news conference.
June 12 (Reuters) – Freeport-McMoRan Copper & Gold Inc
on Wednesday declared force majeure to free itself from
obligations to deliver copper concentrate from its Grasberg mine
in Indonesia, where work has been suspended after a May accident
that killed 28 people.
“Because of the temporary disruption, (Freeport Indonesia)
has notified its customers of a Force Majeure event under its
concentrate sales agreements,” the company said in a statement.