The province has been warned to address rising costs and debt levels or risk having its credit outlook downgraded from stable to negative. The warning comes as Premier Tony Wakeham revealed today that discussions have begun with Quebec on a new Churchill River agreement. NTV’s Ben Cleary explains.
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A new buyer has been confirmed for the Canada Fluorspar mine in St. Lawrence. On June 6, the Supreme Court of Newfoundland and Labrador approved the sale of CFI to a private company registered in Singapore for $25 million, which closed today, June 13. The buyer is a subsidiary company of AMED Funds, a group of […]
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Marathon Gold is now eight months into the construction phase of its Valentine Lake Project. There are now over 160 employees on site with the company, and the number is expected to grow as they move closer toward production. The road to the site has been completed and materials are now being shipped for the […]
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Swoop Airlines, Westjet’s discount carrier which only launched in this province three years ago, has announced it’s shutting down operations across Canada. It’s the latest airline to pull access from this province but Swoop, which had offered flights from St. John’s and Deer Lake to Hamilton, is being folded by its operator, Westjet.Recently a strike […]
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Bombardier representatives were in Gander on Friday morning, where together with the College of the North Atlantic, they highlighted a new partnership to enhance the aircraft maintenance program. The company has donated a Lear Jet Aircraft, as well as a quantity of parts to help students in their training. The CEO for the college says […]
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