Industry
Mining & Resources
U.S. Midwest refinery maintenance outages to weigh on Canadian oil prices
A maintenance shutdown at the refinery that is the largest buyer of Canadian heavy oil in the United States is expected to extend and possibly worsen the price discounts on crude from north of the border. Analysts at AltaCorp Capital…
Eldorado Gold seeking $1.1B from Greece as compensation for permit delays
Vancouver – Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project. The company says the application is a non-judicial request for payment and…
Vancouver based Nevsun agrees to takeover bid by Chinese firm Zijin
Vancouver-based Nevsun Resources Ltd. says it has reached an agreement to be acquired by a Chinese firm for $1.86 billion. In a news release Wednesday morning, Nevsun says Zijin Mining Group Co. Ltd. will acquire all of its issued and…
Brookfield unit leads investment in Brazilian heavy equipment manager Ouro Verde
TORONTO – A group led by Brookfield Business Partners LP has agreed to buy a 55 per cent interest in Ouro Verde, a Brazilian heavy equipment and fleet management company, in a deal valued at about C$209 million. Ouro Verde…
Nunavut’s Lupin gold mine fined for not filing environmental reports on time
The owner of an inactive gold mine in Nunavut has been fined for filing environmental reports three years late. Lupin Mines Incorporated has pleaded guilty to the charge and faces a $100,000 fine. Daniel Smith, regional director of environmental enforcement…
Suncor restarting Edmonton refinery after power outage stalls production
Suncor Energy Inc. says it is in the process of restarting production at its Edmonton refinery after it was knocked offline by a power outage on Tuesday afternoon. The company, which owns Petro-Canada stations across Canada, is warning residents near…
Yamana Gold founder Peter Marrone shifts from CEO to executive chairman role
Toronto – Yamana Gold says it is shuffling its top executives as founder Peter Marrone takes a step away from day-to-day operations at the mining company. Marrone will take on the new position of executive chairman to drive Yamana’s strategic…
Cameco: uranium prices too low to restart McArthur River mine operation
Saskatoon – Cameco Corp. had to lay off hundreds of employees at two uranium mining operations and its head office because the market remains oversupplied and prices are too low to restart idled production, Cameco chief executive Tim Gitzel told…
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Klüber Lubrication premium HD greases for mining and quarrying equipment
Klüber Lubrication now offers Klüberplex EM 91-151 & 91-152, lubricating greases for applications in the mining, cement and quarry industries. It is formulated to adhere to metal surfaces and have excellent resistance to water, supporting high machine availability, reduced downtime…
Everyone Loses from Alcoa’s Lockout at ABI Smelter: USW
As aluminum giant Alcoa releases its second-quarter results today, the United Steelworkers (USW) is revealing the true extent of losses incurred by the company’s lockout of workers at its ABI smelter in Bécancour. Each month of the lockout is depriving…
Retirement Day – Developing asset renewal strategies
Industry tends to stick with ingrained misconceptions on asset renewals. Commonly held statements, such as “haul trucks last 20 years” or “plants are designed for a 30-year lifespan” persist. But misconceptions pose risks. A renewal program enables an organization to manage the final lifecycle phase of assets in a proactive way
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In good health – innovative applications for machine-learning tools
The application of machine-learning techniques is far-reaching. One industrial engineer takes asset performance improvement services off the beaten path.
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Canadian manufacturing sector remains on shaky ground, says TD economist
Ottawa – Canadian manufacturing sales unexpectedly fell in April as sales in the petroleum and coal products and transportation equipment industries dropped. Statistics Canada said factory sales dropped 1.3 per cent to $56.2 billion in April, following two consecutive monthly…
Deliberate spill: study launched to test crude and bitumen impact on lake life
Kenora, Ont. – Researchers were in northwestern Ontario over the weekend spilling diluted oilsands bitumen and crude oil into a lake to study how the ecosystem, from microbes to fish, responds. The pilot project, known as Freshwater Oil Spill Remediation…
Steelworkers ratify new contract with Moly-Cop AltaSteel
Edmonton – United Steelworkers (USW) Local 5220 members have ratified the tentative agreement reached with Moly-Cop AltaSteel Ltd. in Edmonton on May 27, 2018. The four-year agreement was accepted by 90% of the members voting at dual meetings yesterday. The…
Ottawa will work with Canadian aluminum, steel companies to ensure jobs safe: PM
Halifax – Prime Minister Justin Trudeau says he will work with Canadian steel and aluminum companies hit by punishing U.S. tariffs to make sure jobs and workers north of the border are protected. In a CBC radio interview in Halifax…
Unjustified U.S. tariffs on Canadian steel, aluminum will harm jobs, economy in both countries
Toronto and Montreal – There is no justification, either on economic or national security grounds, for the imposition of U.S. steel and aluminum tariffs on Canada, says the United Steelworkers (USW), which represents tens of thousands of steel and aluminum…
Optimism returns to B.C.’s mining sector
Vancouver – British Columbia’s mining industry remains upbeat in 2017, as prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows. Although most commodity prices remain below the record highs seen in 2011,…
Vancouver files claim over 2015 fuel spill in English Bay
Vancouver Mayor Gregor Robertson says the city has filed a federal court claim against the owner of a vessel that spilled fuel into English Bay in 2015, as part of the city’s continuing effort to get compensation for its response…
Crews cleaning up oil spill at Kinder Morgan station north of Kamloops, B.C.
Darfield, B.C. – Crews using an emergency response trailer and vacuum trucks are working to clean up a crude oil spill at a Kinder Morgan station north of Kamloops, B.C. The provincial Ministry of Environment said a flow metre has…
