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The Drilldown: Nunavut judge grants Baffinland Iron Mines injunction
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The Drilldown: Wilkinson co-hosts summit on phasing out coal
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The Lead
Endeavour Mining Corp., a Canadian gold company, is switching its focus to developing new mines in the African continent. The group will not be making new acquisitions anytime soon after buying two mining firms in the past year: Semafo Inc., based in Montreal, and Teranga Gold Corp., headquartered in Toronto, which provides Endeavour with mining operations across West Africa.
CEO Sébastien de Montessus has stated he wants to foster “organic growth in six gold mines across Ivory Coast, Senegal and Burkina Faso.”
“Some people say, ‘He did two M&A deals, this is an M&A junkie.’ No. I’m just trying to do the right thing for our shareholders,” de Montessus added told Reuters. Moreover, growth “will be driven by assets the company already owns, with management targeting output of 1.4 million to 1.5 million ounces this year.”
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Alberta’s 2021-22 budget predicts a deficit of $18.2 billion and debt ballooning to a record $115.8 billion by the end of the fiscal year, as the province continues to recover from the COVID-19 pandemic and low oil prices.
The budget, tabled Thursday by Finance Minister Travis Toews, points to widespread distribution of the COVID-19 vaccine in the second half of 2021, the rebound of the oil and gas sector and potential changes to the public sector salary structure as key factors in an eventual fiscal recovery.
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Try refreshing your browser. Province projects $18.2 billion deficit with no timeline for balancing books Back to video
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Cuts to services, public service job losses, a ballooning deficit and no timeline for getting back to balance are some of the takeaways from the United Conservative Party’s 2021 Alberta Budget.
The budget predicts a deficit of $18.2-billion and a debt shooting to a record level of $115.8-billion by the end of the fiscal year but Strathcona County’s two local MLAs remain steadfast in their party’s plans.
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“Budget 2021 invests in health care, we’re preparing for an economic recovery, which we see in this budget, while maintaining responsible spending but the focus is health care and jobs,” explained Sherwood Park MLA Jordan Walker. “This budget offers Albertans great hope and certainty throughout this fiscal year and going forward as we invest record amounts into health care. We have the largest amount of monies allocated to heal
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