Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,858.35, up 58.06 points).Baytex Energy Corp. (TSX:BTE). Energy. Up three cents, or 1.36 per cent, to $2.23 on 7.5 million shares.Encana Corp. (TSX:ECA). Energy. Down 18 cents, or 2.69 per cent, to $6.51 on 7.4 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.05, or 10.34 per cent, to $11.20 on 7.4 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.52 per cent, to $1.92 on 6.2 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up five cents, or 0.82 per cent, to $6.12 on 5.7 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 25 cents, or 1.03 per cent, to $24.43 on 5.7 million shares. Companies in the news:CannTrust Holdings Inc. (TSX:TRST). Up nine cents or 5.2 per cent to $1.81. CannTrust Holdings Inc. said Thursday that about $1.3 million worth of its products will be returned by the Alberta government’s cannabis wholesaler and online retailer. The Alberta Gaming, Liquor and Cannabis agency announced the returns on Wednesday after Health Canada suspended CannTrust’s licences to produce and sell pot. CannTrust noted Thursday that Health Canada has not ordered a recall in respect of any of the company’s products. But it said that under the terms of its agreement, the goods may be returned for any reason and it will be responsible for the cost of the goods and all expenses related to the return.Transcontinental Inc. (TSX:TCL.A). Up four cents to $15.81. Transcontinental Inc. says the son of its founder will acquire Benefits Canada, Les Affaires and several other specialty publications while a second buyer will acquire Investment Executive, Advisor’s Edge and two other publications. The Montreal-based company said most of the employees in the divested businesses will be retained by the new owners but that about 20 people will have their employment terminated. It didn’t disclose financial terms of the sales agreements, but said they are part of Transcontinental’s ongoing shift away from publishing.Bombardier Inc. — The Mitsubishi Aircraft Corp. is putting down roots in Quebec, unveiling plans for a new product development centre in the Montreal area after reaching a deal in June to buy Bombardier Inc.’s regional jet program. The office will be part of the company’s push to get a single-aisle airliner off the ground in 2020 as it doubles down on regional jets. It plans to hire 100 engineers and certification specialists in Montreal within a year to assist the point team in Washington state. Premier Francois Legault says the Quebec government will lend Mitsubishi $12 million, which will be forgiven if the Japanese firm provides high-paid employment for 250 workers over five years. This report by The Canadian Press was first published Sept. 19, 2019.The Canadian Press read more

IRMA releases Standard for Responsible Mining global certification program

first_imgThe Initiative for Responsible Mining Assurance (IRMA) has released the Standard for Responsible Mining, a precedent-setting global certification program for industrial-scale mine sites. “With growing awareness and demand for ecologically and socially-responsible products, jewellers, electronics businesses, auto makers and others have sought assurances that the minerals they purchase are mined responsibly. The Standard seeks to emulate for industrial-scale mine sites what has been done with certification programs in organic agriculture, responsible forestry and sustainable fisheries.” An online Responsible Mining Map was also launched that will allow responsible producers and purchasers of minerals to demonstrate their commitment to a responsible minerals value chain and enable business relationships to develop.The Standard for Responsible Mining reflects the input from over 100 companies, organisations and individuals worldwide and has support from leading companies like Anglo American, ArcelorMittal, Microsoft and Tiffany & Co. IRMA has also worked with mines and technical experts to conduct two field tests of the Standard for Responsible Mining to ground-truth the Standard through simulated mine audits in the United States and in Zimbabwe. Auditors hired by IRMA reviewed company documentation, made first-hand observations at the mine sites, and conducted interviews with company representatives and other stakeholders to verify the requirements in the Standard are clear, practicable, and measurable.“As interest in the responsible sourcing of metals and minerals grows it is important to have standards that meet the needs of the wide variety of customers that mining serves, and address the expectations of society as a whole,” said Jon Samuel, Group Head of Social Performance and Engagement at Anglo American. “We look forward to trialling the IRMA Self-Assessment Tool and to continuing to contribute to the development of IRMA as a demonstration of our commitment to responsible mining.”“Microsoft believes that fairly-applied global mining standards such as those outlined in the Standard for Responsible Mining are essential to helping solve labor, human rights, and environmental issues at the far reaches of industry’s supply chains,” said Joan Krajewski, General Manager, Compliance and Safety, Microsoft. “Making progress on these important and challenging issues will require the efforts and engagements of many, which is why we play an active role in collaborative initiatives like the Initiative for Responsible Mining Assurance.”The Standard for Responsible Mining is the result of more than ten years of collaboration between groups from the mining industry, organised labor, non-governmental organisations, impacted communities, and businesses. The Standard offers shared value for mining industry participants, while addressing purchaser demand for greater options in sourcing responsibly mined materials, and civil society desire for transparency and independent verification.“The Standard for Responsible Mining is a welcome initiative, moving us forward in establishing verifiable human rights standards for communities and workers at mine sites around the world,” said Dewa Mavhinga, Southern Africa Director at Human Rights Watch.The Standard for Responsible Mining’s best practice requirements for mining include elements such as health and safety for workers, human rights, community engagement, pollution control, mining in conflict-affected areas, rights of indigenous peoples, transparency in revenue payments from companies to governments, and land reclamation once mining is done. The Standard is not simply a pass/fail system, instead focused on transparency, where different levels of performance are recognised and continuous improvement is encouraged, but where certification is still available for those industrial-scale mine sites meeting all major best practice requirements.“IndustriALL Global Union represents over 50 million workers in mining and manufacturing in 140 countries. We have worked hard to ensure that the interests of working miners and communities are fully represented in the development of this multi-stakeholder certification and assurance reporting system for the mining industry,” said Glen Mpufane, Mining, Gems Ornaments and Jewellery Production Director at IndustriALL Global Union and a former miner and member of the National Union of Mineworkers of South Africa.”“The Standard for Responsible Mining responds to the power of markets to create greater incentive and leverage for protection of the environment and the communities who live closest to mines,” said Aimee Boulanger, Coordinator of the Initiative for Responsible Mining Assurance (IRMA). “The Standard for Responsible Mining will offer shared value to corporations who seek to make a profit, while also offering an ethical value chain to their customers.”“As a member of a community directly impacted by mining pollution, I applaud the new Standard for Responsible Mining,” said Jacinda Mack, Co-Founder of Stand for Water, a project of the First Nations Women Advocating Responsible Mining in Canada. “People of First Nations need our community rights honored and our clean water protected from irresponsible mining practices.”last_img read more