Media Room

Even Trudeau’s Canada, gripped in carbon fight, won’t ditch coal

Set against lush hills, deep inlets and snow-kissed mountain peaks, Vancouver is the wellspring of Canadian environmentalism—and the heart of its climate dilemma. British Columbia’s premier city prides itself on its green bona fides. The province is the birthplace of Greenpeace, ushered in Canada’s most successful carbon tax and is governed by a coalition that includes Green Party lawmakers.

Maximus shareholders back board

The shareholders of ASX-listed Maximus Resources have overwhelmingly voted in favour to maintain the current board, following a failed spill attempt by shareholder Kesli Chemicals.

Maximus on Friday noted that a near record 32% of all issued shares were voted by proxy ahead of the shareholder meeting, with 91.5% of all voting cast against the board spill.

TerraCom launches A$63m refinancing

Coal miner TerraCom on Friday unveiled a A$63-million capital restructure, consisting of a A$35-million capital raise and a $20-million convertible bond.

The ASX-listed company would raise some A$35-million through an entitlement offer, priced at 58c a share, under which eligible shareholders would be entitled to apply for three new shares for every 20 shares held.