News Service

  • 23 hours ago
    Minister of International Trade Ed Fast oversaw the signing of several agreements between Canadian and Filipino companies during a five-day trade mission to Manila and Cebu from May 24 to 28. North Vancouver-based Xanatos Marine Ltd. and the governor of Philippines' Zambales province signed a C$7.5 million contract for the supply of an automatic vessel identification system. The Fisheries and...
    Information summarized from: Foreign Affairs, Trade and Development Canada
  • 23 hours ago
    The China Scholarship Council announced it is re-launching the competition for the Canada-China Scholars' Exchange Program, a reciprocal arrangement between the Government of Canada and the Government of the People's Republic of China, for the 2015-2016 academic year. The program awards scholarships to Canadian academics, students and professionals who wish to study or conduct research at...
    Information summarized from: Government of Canada International Scholarships
  • 23 hours ago
    Toronto-based Barrick Gold Corporation announced that it has formed a strategic partnership with Zijin Mining Group Co., Ltd, a mining company based in Longyan, China. Zijin will acquire 50 percent of Barrick (Niugini) Limited (BNL), the company which owns 95 percent of and manages the Porgera Joint Venture gold mine in Papua New Guinea. Zijin will pay US$298 million for a 50 percent interest in...
    Information summarized from: Barrick Gold Corporation Press Release
  • 23 hours ago
    Toronto-based CSA Group, a global provider of testing and certification services and standards, has the established a new office in Taichung City, Taiwan. The office will provide local customer service across a range of testing and certification services. This is CSA Group's second office in Taiwan. Its first opened in 2012.
    Information summarized from: CSA Group Press Release
  • 2 days ago
    Toronto-based gold miner Barrick Gold Corporation has announced it has reached an agreement to sell the Cowal mine in New South Wales, Australia, to Evolution Mining for US$550 million in cash on closing. Evolution Mining is a mining company headquartered in Sydney, Australia, which owns gold and silver mines.
    Information summarized from: Barrick Gold Corporation Press Release
  • 2 days ago
    International Trade Minister Ed Fast is leading the multi-sector, five-day trade mission to the Philippines from May 24 to 28. The mission will visit Manila and Cebu. Minister Fast is accompanied by more than 50 company representatives as well as by Senator Tobias Enverga Jr. Delegates will interact with high-level Philippine public- and private-sector representatives and will participate in...
    Information summarized from: Foreign Affairs, Trade and Development Canada
  • 2 days ago
    Canada and Hong Kong have concluded negotiations on a foreign investment promotion and protection agreement (FIPA) between the two jurisdictions. The announcement was made by Ed Fast, Canada’s International Trade Minister, and Gregory So, Hong Kong’s Secretary for Commerce and Economic Development, at their meeting on the margins of the APEC Ministers Responsible for Trade Meeting.
    Information summarized from: Foreign Affairs, Trade and Development Canada
  • 5 days ago
    Northwest International Healthcare Properties Real Estate Investment Trust of Toronto has expanded its portfolio of international health care real estate assets in Australia by entering into a long-term hospital lease with the country's largest hospital operator, Ramsay Health Care Ltd. Northwest's Vital Healthcare Property Trust in Australia announced it has entered into an unconditional...
    Information summarized from: Canada Stockwatch
  • 5 days ago
    Toronto -based Manulife Financial Corp.'s asset management arm is reportedly seeking to list some of its U.S. property assets in Singapore in the second half of the year in an initial public offering (IPO) worth US$450 million. If successful, the IPO, which would be structured as a real-estate investment trust, would offer a rare listing of U.S. property assets in Asia.
    Information summarized from: Reuters
  • 6 days ago
    Toronto-based GuestLogix Inc. announced that its subsidiary, OpenJaw Technologies, has introduced a complete online travel retailing strategy for Hainan Airlines, the largest privately owned air transport company in the People's Republic of China. The large-scale implementation of OpenJaw's t-Retail Platform was completed in partnership with the leading provider of information technology...
    Information summarized from: Marketwired
  • 6 days ago
    Canada has granted market access to Indian fresh grape. The agreement follows recent Indo-Canadian bilateral discussions in New Delhi and includes conditions that exporters register their vineyards and pack houses, maintain traceability, and allow the Canadian Food Inspection Agency to inspect consignments entering Canada. The agreement takes effect with the 2016 grape-growing season in India,...
    Information summarized from: The Hindu Business Line
  • 6 days ago
    British Columbia and Malaysian energy giant Petronas have signed a Memorandum of Understanding (MoU) that could lead to a project development agreement and the construction of a $36-billion LNG plant at Lelu Island near Prince Rupert. The new deal locks in natural gas royalties and the project from industry-specific tax increases. Petronas-controlled Pacific NorthWest LNG still requires project...
    Information summarized from: The Canadian Press
  • 7 days ago
    Bruce Power of Tiverton, Ontario, and Korea Hydro and Nuclear Power (KHNP) have signed a co-operation agreement that will see the two companies explore new areas of collaboration on nuclear safety, operational performance and the execution of large projects such as refurbishment. The Memorandum of Understanding builds on a 14-year relationship between the two utility giants. KHNP operates 23...
    Information summarized from: Bayshore Broadcasting Corporation
  • 7 days ago
    Canada Pension Plan Investment Board (CPPIB) and Singapore global investment firm GIC have entered into a joint venture partnership to acquire the D-Cube Retail Mall in Seoul, South Korea, from Daesung Industries for US$263 million. Following the transaction, CPPIB and GIC will each own a 50 per cent stake in the D-Cube Retail Mall, an income-generating, high-quality property situated next to...
    Information summarized from: CPPIB News Release
  • 7 days ago
    Canada has announced the expansion of the China Transit Program (CTP), which allows eligible Chinese travellers to fly to, and transit through, Canada visa-free when they are en route to and from the United States. On June 1, 2015 the program will expand to three additional airline hubs in Asia – Tokyo Narita, Tokyo Haneda, and Seoul Incheon, providing more business for participating airlines and...
    Information summarized from: Canada NewsWire
  • May 19, 2015
    Magna International Inc. of Aurora, Ontario, has expanded its partnership with South Korea's Kia Motors to supply its Dynamax all-wheel-drive coupling on a global basis to power the all-wheel-drive system of the new Kia Sorento. Dynamax is manufactured by the WIA-Magna powertrain joint venture in Asan, Chungcheongnam-do, South Korea. It is shipped to Kia's Sorento assembly locations in South...
    Information summarized from: Canada Stockwatch
  • May 19, 2015
    Vancouver-based Pure Energy Minerals Limited announced the signing of non-binding Memorandum of Understanding (MOU) with Korean Multinational POSCO, one of the largest steel manufacturers in the world and a leader in the development of advanced battery materials processes. Pure Energy is an integrated lithium mining and processing developer currently focused on the advancement of a prospective 8,...
    Information summarized from: Marketwired
  • May 15, 2015
    The Canada India Foundation (CIF) will be hosting the Canada India Health Care Summit on May 19 and 20 in Toronto. The summit comprises two days of panel discussions on Canada-India health care topics, including long-term care, digital health and smart hospitals, and South Asian health issues, along with a gala dinner. The event also explores business and investment opportunities in health care...
    Information summarized from: CNW Group
  • May 15, 2015
    Vancouver-based mining company Prophecy Development Corp. announced the sale of mining equipment in Mongolia for approximately C$2.4 million. The sales agreement was made through the company's wholly-owned subsidiary, Red Hill Mongolia LLC, and involved the sale of its mining and transportation equipment at the Company's Ulaan Ovoo mine. Prophecy is currently selling and will continue to sell its...
    Information summarized from: Prophecy Development Corp. Press Release
  • May 14, 2015
    Saskatoon-based potash export company Canpotex Limited has signed a US$44-million contract to supply potash to Bangladesh. The potash will be mined from Canpotex members’ mines and will be delivered to Bangladesh in the fall of 2015. The contract includes an option for Canpotex to supply an additional US$22-million worth of potash and builds on the exporter’s US$40-million contract to supply...
    Information summarized from: Foreign Affairs, Trade and Development Canada

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