• Ministerial Statement: Minister Parrott Recognizes Opening of Equinox Gold’s Valentine Gold Mine

    Source: Newfoundland & Labrador - Government Releases
    Date: 2026-10-29 16:15:13.0
    Tags: [Newfoundland and Labrador, Mining, Resources, Economy, Industry, Energy]

    Newfoundland and Labrador Minister of Energy and Mines Lloyd Parrott announced the official opening and commercial production of Equinox Gold's Valentine Gold Mine in Central Newfoundland. Equinox Gold plans to invest $436 million over the next two years for a Phase 2 expansion to double its throughput capacity, raising average annual gold production to approximately 223,000 ounces across its 320-square-kilometre property.

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  • Premier Announces Key Addition to Negotiating Team and Next Steps for Churchill Falls Agreement

    Source: Newfoundland & Labrador - Government Releases
    Date: 2026-10-28 16:15:00.0
    Tags: [Newfoundland and Labrador, Energy, Infrastructure, Resources, Governance]

    Premier Tony Wakeham and Minister of Energy and Mines Lloyd Parrott announced that Barry Perry is transitioning to Special Advisor while Gary Smith, former President and CEO of Newfoundland Power and Executive Vice-President at Fortis Inc., will take over as lead negotiator for the Churchill Falls and Gull Island agreement. The updated agreement with Quebec and the Government of Canada is projected to deliver 760 megawatts of additional power, 985 megawatts of guaranteed transmission portfolio, and an estimated $273 billion in total nominal value over its lifetime. The completed definitive agreements will subsequently be tabled in the House of Assembly for technical briefings and a special legislative debate.

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  • Atlantic business leaders call for regional policies and more natural resource development

    Source: Prince Edward Island - Regional News
    Date: 2026-09-25 21:34:13.0
    Tags: [New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Economy, Trade, Energy, Resources, Mining, Industry]

    The Atlantic Economic Panel, chaired by Don Mills and commissioned by federal Atlantic Canada Opportunities Agency (ACOA) Minister Sean Fraser, released a strategic growth plan calling for the creation of a $1 billion Atlantic prosperity fund to help regional companies scale up. The report recommends greater regional integration, including the establishment of an independent electricity system operator across the four Atlantic provinces, the elimination of interprovincial trade barriers, coordinated immigration policies, and streamlined regulatory processes for major projects. Furthermore, the plan urges a 50 per cent expansion of the region's natural resources sector, bolstered by recent provincial policy shifts such as Nova Scotia lifting bans on fracking and uranium mining and approving five new mines.

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  • Statement from the Premier on the Passage of the Churchill Falls Resolution

    Source: Newfoundland & Labrador - Government Releases
    Date: 2026-09-17 23:00:27.0
    Tags: [Newfoundland and Labrador, Energy, Resources, Infrastructure, Indigenous, Governance]

    The Newfoundland and Labrador House of Assembly passed a resolution approving the Definitive Cooperation and Implementation Agreement for Churchill Falls and Gull Island, following a four-day debate and review by the Independent Churchill River Review Committee. The agreement replaces the 1969 Churchill Falls Agreement, delivers $49 billion in present-day value ($273 billion in nominal cash flows) over its lifespan, and provides increased transmission access and power control. Premier Tony Wakeham announced that the province will advance the project in partnership with the Innu Nation to drive economic growth and job creation.

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  • Statement from the Honourable Tony Wakeham, Premier of Newfoundland and Labrador on the Canada Investment Summit

    Source: Newfoundland & Labrador - Government Releases
    Date: 2026-09-14 12:15:07.0
    Tags: [Newfoundland and Labrador, National, Economy, Energy, Infrastructure, Resources]

    Newfoundland and Labrador Premier Tony Wakeham announced that while he cannot attend the Canada Investment Summit in Toronto due to a special sitting of the House of Assembly, government officials and a team of representatives will attend to engage with global investors regarding major provincial opportunities. The province highlights its $50-plus-billion capital spend tied to the new Churchill Falls and Gull Island clean energy deal—noted as the largest clean energy investment in North American history—alongside ongoing international profiling of strategic projects such as Bay du Nord and the Churchill projects across the energy, critical minerals, technology, and natural resources sectors.

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  • Province Announces Proposed Debate Structure for Special Sitting on New and Better Churchill Falls and Gull Island Agreement

    Source: Newfoundland & Labrador - Government Releases
    Date: 2026-09-10 14:50:46.0
    Tags: [Newfoundland and Labrador, Energy, Resources, Governance, Infrastructure]

    The Government of Newfoundland and Labrador announced the proposed rules and debate structure for a special four-day sitting of the House of Assembly, scheduled from September 14 to September 17, 2026. Members of the House will debate the Definitive Cooperation and Implementation Agreement for Churchill Falls and Gull Island alongside related commitments from the Government of Canada. Over the first three days, MLAs will have access to more than 19 hours of direct questioning with negotiating teams, independent commercial and financial advisors, representatives from Newfoundland and Labrador Hydro, oversight committee chairs, Natural Resources Canada officials, and a Member of Parliament, with no speaking-time limits on expert responses. The final day will feature dedicated 10-minute closing remarks for every Member prior to the legislative vote on the resolution.

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