Industry
Mining & Resources
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Feds give $500K to project to promote northern mining at annual conference
VANCOUVER – The federal government is spending $500,000 to lure investors to develop untapped mineral resources in Yukon, the Northwest Territories and Nunavut. Yukon MP Larry Bagnell announced the initiative in Vancouver on Sunday on behalf of Melanie Joly, minister…
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Newmont drops Goldcorp from name as part of rebranding, raises dividend
VANCOUVER – Newmont Corp. is boosting its quarterly dividend by 79 per cent while also dropping reference to Canadian company Goldcorp as part of a centenary-year rebranding. The Denver-based company says the dividend will increase to 25 cents per share.…
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Alberta petrochemical project cost estimate rises to about $4.9 billion
CALGARY – The cost of a petrochemical project near Edmonton designed to turn propane into plastic pellets to be shipped to manufacturers around the world has risen to about $4.9 billion, up about $400 million from original estimates. Calgary-based Pembina…
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Pfannenberg PMF LED-Hi LED Multifunction Light
Pfannenberg, Inc., PMF LED-Hi LED multifunction light is equipped with three signal options, eight operating modes, and wide signaling area of up to 1,350 feet; as well as day/night reduction, individually switchable sectors and inrush current limitation. The multifunction light…
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Leslie Controls Aeroflow Control Valves
Leslie Controls, a manufacturer of valves for the power generation, industrial, marine and oil and gas markets, offers Aeroflow High Performance Control Valves. The Aeroflow line integrates aerodynamic/hydrodynamic flow design, smart valve technology, and a modular design concept to deliver…
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Overcome the Challenges of Implementing Maintenance 4.0
Digital transformation and the power of big data are fuelling a manufacturing revolution. To remain competitive, operations and IT must work together to transform data into meaningful, actionable insights that create value and solve problems for customers. BY: Josh Flemming…
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Resolute to pay US$163 million for Conifex’s 3 U.S. sawmills in Florida, Arkansas
MONTREAL – Resolute Forest Products Inc. has an agreement to buy three sawmills in Florida and Arkansas from Conifex Timber Inc. for about US$163 million cash. The mills produce construction-grade lumber and decking products for distribution within the United States.…
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Little potash spilled after derailment in B.C. lake: government spokesman
VALEMOUNT, B.C. – Two rail cars containing potash have been removed from Moose Lake in eastern British Columbia after a Canadian National train derailed Thursday. A spokesman with the B.C. Ministry of Environment says one car was fully submerged in…
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SKF Hosts STLE Toronto Workshop
The Society of Tribologists and Lubrication Engineers (STLE) Toronto Section recently held a workshop which looked at reducing tribological loses and failures. The workshop took place at SKF Canada Limited offices in Toronto. Invited speakers covered a broad base of…
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Ottawa won’t assess N.S. mill’s pipeline proposal, leaving it up to the province
HALIFAX – The future of a Nova Scotia pulp mill now rests solely in the hands of the provincial government, after Ottawa announced it would not conduct its own review of the company’s contentious proposal to pipe millions of litres…
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Unifor announces boycott campaign against Co op in refinery labour dispute
REGINA – The union that represents hundreds of locked-out workers at a Regina refinery is calling for a nation-wide boycott of the facility’s owner, Federated Co-operatives Ltd. Unifor announced Sunday that it would be launching a national boycott campaign with…
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Trudeau government does spadework on minerals crucial to future economy
OTTAWA – The Trudeau government is digging for intelligence on the role Canada’s mining sector could play in providing the United States and other key trading partners with crucial minerals and metals – from cobalt to tellurium – considered building…
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TC Transcontinental selling paper and woven polypropylene packaging business
MONTREAL – TC Transcontinental has signed a deal to sell its paper and woven polypropylene packaging operations to Hood Packaging Corp. for about $239 million. The company says it plans to use the net proceeds from the sale to reduce…
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Chinese firm buying Continental Gold
TORONTO – A Chinese mining company has signed a friendly deal to buy Continental Gold Inc. for $1.4 billion. Zijin Mining Group Co. Ltd. has agreed to pay $5.50 per share in cash for the Toronto-based company which is developing…
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Two workers missing at Centerra’s Kumtor mine after rockfall, operations halted
TORONTO – Centerra Gold Inc. says two workers are missing after a “significant rock movement” at its Kumtor mine in the Kyrgyz Republic. The company says the incident happened at the Lysii waste rock dump and that two employees working…
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Kirkland Lake Gold to acquire Detour Gold in stock deal worth $4.9 billion
TORONTO – Kirkland Lake Gold Ltd. has signed an agreement to acquire Detour Gold Corp. in a deal that values the company at about $4.9 billion. Under the agreement, Detour Gold shareholders will receive 0.4343 of a Kirkland Lake share…
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MRO’s 2020 Truck Preview
After an influx of new products hit the truck market in 2019, this model year is more of a transition year for many brands. Once exclusive to heavy duty pick-up trucks and a selection of full-size vans, trucks brands are…
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B.C. introduces gas price transparency law forcing companies to reveal data
VICTORIA – It’s time to reveal to drivers in British Columbia how the price of gasoline is set, says provincial cabinet minister Bruce Ralston. If passed, legislation introduced Monday would legally force oil and gas companies to make known how…
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Great Panther reports second mining fatality in less than two weeks
Vancouver-based Great Panther Mining Ltd. says an employee was killed late Sunday at the processing plant of its Coricancha Mine complex in Peru. The news comes less than two weeks after Great Panther reported a contractor’s 41-year-old employee was killed…
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Rockhopper Industrial Announces Complete Line of PVF and Oilfield Products
Rockhopper Industrial is implementing a direct-to-market supply chain model, and has eliminated the costs traditionally associated with engineering, producing, testing, transporting, and delivering PVF and other oilfield equipment. “Traditional PVF suppliers are operating unnecessarily expensive processes to produce their parts,”…
