(Energy Analytics Institute, 30.Dec.2021) — Energy briefs including Great Panther filing a defense to three infraction notices delivered to its Brazilian subsidiary, Mina Tucano Ltda.; and Enbridge Inc. closing a deal whereby an Enbridge subsidiary sold its 38.9% non-operating minority ownership interest in Noverco Inc. to Trencap L.P.
LATIN AMERICA AND THE CARIBBEAN
— Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) plans to file a defense to three infraction notices delivered by the Amapa State Environmental Agency to its Brazilian subsidiary, Mina Tucano Ltda. on 21 Dec. 2021. The notices were issued in connection w/ the agency’s investigation of a fish mortality event at Areia and Silvestre Creeks, and its assertion the incidents were caused by a leak in a reclaimed water pipe at the Mina Tucano mine site.
— Enbridge Inc. (TSX: ENB) (NYSE: ENB) closed an agreement whereby an Enbridge subsidiary sold its 38.9% non-operating minority ownership interest in Noverco Inc. to Trencap L.P., a consortium led by Caisse de dépôt et placement du Québec (CDPQ), for $1.14bn in cash, previously announced on 7 Jun. 2021. Divestment of the financial interest in Noverco “will further strengthen our financial flexibility,” Enbridge said 30 Dec. 2021 in an official stmt. Enbridge plans to use funds from the deal to repay short term borrowings and to support the co.’s secured capital program.
By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.