
BHP says costs at Jansen potash project up, first production pushed back to mid-2027
The miner now estimates the project cost will be in a range of US$7 billion to US$7.4 billion, up from an earlier estimate of US$5.7 billion.
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Cision Canada
an hour ago
- Cision Canada
Boyd Group Services Inc. announces pricing of C$275 million senior unsecured note offering and amendment and extension of existing revolving credit facilities
WINNIPEG, MB, Aug. 20, 2025 /CNW/ - Boyd Group Services Inc. (TSX: ("BGSI", "the Boyd Group", "Boyd", or the "Company") today announced that it has entered into an underwriting agreement to sell C$275 million principal amount of senior unsecured notes due 2033 of the Company (the "Notes") pursuant to a private placement offering (the "Offering"), at a price of C$1,000 per C$1,000 principal amount of Notes, with an interest rate of 5.75% per annum, payable semi-annually in arrears on March 4 and September 4, commencing on March 4, 2026. The Notes will be guaranteed by all of the Company's material subsidiaries. In addition, the Company today announced that it has increased and extended its existing revolving credit facilities to US$575 million for a five-year term, with an accordion feature which can increase the credit facilities to a maximum of US$875 million (the "Facilities"). The Facilities will provide more favorable pricing and mature in August 2030. The existing US$125 million Term Loan A maturing in March 2027 remains unchanged. "The new Notes, along with the amended credit facilities, increase our financial flexibility," said Jeff Murray, Executive Vice President and Chief Financial Officer of the Boyd Group. "These financing arrangements will enable us to continue executing our latest five-year goal, designed to drive growth and enhance profitability through 2029." The Offering is being made through a syndicate of underwriters led by National Bank Financial Markets and TD Securities, as Joint Active Bookrunners, and CIBC Capital Markets, as Joint Passive Bookrunner. The lending institutions participating in the Facilities include The Toronto-Dominion Bank and National Bank of Canada as co-lead arrangers, Bank of America, The Bank of Nova Scotia, and Canadian Imperial Bank of Commerce. The Notes will be offered for sale in Canada on a private placement basis and may also be offered to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") in the United States. The securities offered have not been and will not be registered under the U.S. Securities Act, and may not be offered, sold or delivered, directly or indirectly, in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be an offer, solicitation or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The net proceeds of the Offering are intended to be used to repay existing indebtedness. Subject to customary closing conditions, the Offering is expected to close on or about September 4, 2025. About Boyd Group Services Inc. Boyd Group Services Inc. is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. BGSI shares trade on the Toronto Stock Exchange under the symbol BYD. For more information on The Boyd Group Inc. or BGSI, please visit our website at About The Boyd Group Inc. The Boyd Group Inc. ("Boyd") is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. Boyd operates locations in Canada under the trade names Boyd Autobody & Glass ( and Assured Automotive ( as well as in the U.S. under the trade name Gerber Collision & Glass ( In addition, Boyd is a major retail auto glass operator in the U.S. with operations under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Boyd also operates a third-party administrator, Gerber National Claims Services, that offers glass, emergency roadside and first notice of loss services. Boyd also operates a Mobile Auto Solutions ("MAS") service that offers scanning and calibration services. For more information on The Boyd Group Inc. or Boyd Group Services Inc., please visit our website at Caution concerning forward-looking statements Statements made in this news release constitute forward-looking information within the meaning of certain securities laws. Forward-looking information can be generally identified by words such as "may", "will", "anticipate", "estimate", "expect", "intend", "continue", "should", "believe" or the negatives thereof and similar expressions. Specifically, forward-looking information in this news release include statements respecting the anticipated benefits of the Offering and the Facilities, the Company's ability to close the Offering, the anticipated closing date of the Offering and the expected use of proceeds of the Offering. Forward-looking statements in this news release describe the expectations of the Company as of the date hereof. These statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including, without limitation, the risks and uncertainties detailed under the "Risk Factors" section of BGSI's Annual Information Form, the "Risks and Uncertainties" and other sections of our Management's Discussion and Analysis of Operating Results and Financial Position and our other periodic filings with Canadian securities regulatory authorities. All forward-looking statements presented herein should be considered in conjunction with such filings. Although the Company believes the expectations reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be given that actual results will be consistent with such forward-looking statements, and they should not be unduly relied upon. With respect to the forward-looking statements contained in this news release, the Company has made assumptions regarding there being no significant disruptions affecting the operations and economic performance of the Company and its subsidiaries. Except as required by law, the Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. The forward-looking information contained herein are expressly qualified in their entirety by this cautionary statement. SOURCE Boyd Group Services Inc.


Globe and Mail
an hour ago
- Globe and Mail
Helix Energy Solutions Awarded Multi-Year Contract in the Gulf of America
Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has been awarded a multi-year contract with a major operator to provide production enhancement and well abandonment services in the U.S. Gulf of America. The contract, commencing in 2026, includes a minimum commitment of vessel utilization, split over three years. The contract calls for the provision of either the Q5000 or Q4000 riser-based well intervention vessel, a 10k or 15k Intervention Riser System (IRS) and remotely operated vehicles as well as project management and engineering services. Our services cover operations from fully integrated production enhancement to fully integrated plug and abandonment well services. The contract includes equipment and services as part of our Subsea Services Alliance, a strategic partnership between Helix and SLB that combines our collective strengths to deliver industry-leading subsea solutions. Scotty Sparks, Helix's Executive Vice President and Chief Operating Officer, stated, 'We are pleased to expand our backlog by successfully executing another multi-year contract for well intervention services. This contract underscores our commitment to delivering safe, cost-effective and efficient production enhancement and abandonment services in the Gulf of America, supported by Helix's advanced vessels, decades of industry-leading experience, and the collaborative capabilities of our Subsea Services Alliance.' About Helix Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments. For more information about Helix, please visit our website at About Subsea Services Alliance For more information about the Subsea Services Alliance, please visit its website at Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the agreement, the equipment and services thereunder and the parties thereto; the current market or demand for our services; our ability to enter into, renew and/or perform commercial contracts; our current work continuing; and any impact on our financial and operating results and estimates; any statements regarding our strategy; any statements regarding our business model or the global energy transition; and any statements of assumptions underlying any of the foregoing. The forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the terms of the agreement and/or any work thereunder or extension thereof; actions by governments, customers, suppliers and partners; market conditions; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities; operating hazards and delays, which includes delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission (the 'SEC'), including Helix's most recently filed Annual Report on Form 10-K and in Helix's other filings with the SEC, which are available free of charge on the SEC's website at We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws.


Cision Canada
3 hours ago
- Cision Canada
Invesco Announces Changes to its Canadian Product Line-up Français
TORONTO, Aug. 20, 2025 /CNW/ -- Invesco Canada Ltd. ("Invesco") announced today proposed changes to its Canadian exchange-traded funds (ETFs) and mutual fund line-up. The objective of this initiative is to simplify the firm's product offerings to enable it to sharpen the focus on areas of highest client demand. Another benefit will be increased capacity to provide better service and support while investing in those high demand products. The products listed below will be set to be terminated in 2025: The firm plans to terminate the following TSX-Listed ETFs, effective close of business on or about December 12, 2025: The ETFs will continue to be listed on the Toronto Stock Exchange ("TSX") until the close of business on or about December 8, 2025, when they are expected to cease trading and be delisted. No further subscription orders for units of the ETFs will be accepted after the close of business on November 26, 2025. Unitholders of the ETFs may continue to submit requests to exchange units until close of business on or about December 5, 2025 and to redeem units until December 12, 2025. The firm plans to terminate one of its mutual funds, Invesco S&P/TSX Composite ESG Index ETF Class, effective December 3, 2025. Effective immediately, this fund is closed to all investments. The firm also announced today that it will be launching Series W units of Invesco Global Companies Fund, effective on or about open of business on August 22, 2025. About Invesco Ltd. Invesco Ltd. is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive, and alternative investment capabilities. With offices in more than 20 countries, Invesco managed US$2 trillion in assets on behalf of clients worldwide as of June 30, 2025. For more information, visit Commissions, management fees and expenses may all be associated with investments in mutual funds and exchange-traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units. Nasdaq Next Generation 100 ESG Index TM is a registered trademark of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Invesco. The Invesco ETF has not been passed on by the Corporations as to their legality or suitability and are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO ANY INVESCO ETFs. S&P®, S&P 500®, S&P Composite 1500® and Dividend Aristocrats® are registered trademarks of S&P Global or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); TSX is a trademark of TSX Inc. ("TSX"); and these trademarks have been licensed for use by of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and sublicensed for certain purposes by Invesco. The Invesco ETFs are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, TSX and their respective affiliates and none of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the Invesco ETFs' indices. Invesco is a registered business name of Invesco Canada Ltd. Invesco and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence.