News Service

  • September 14, 2018
    Alberta’s Premier Rachel Notley and Energy Minister Margaret McCuaig-Boyd joined Nexen officials, First Nations enterprises, and other local suppliers to highlight a C$400 million investment by Nexen in Alberta’s Long Lake South West project. Nexen is a wholly owned subsidiary of Beijing-based state-owned enterprise CNOOC Ltd. The project expects to achieve first oil production in 2020, and will...
  • September 14, 2018
    Two major Chinese companies and a group of Indigenous communities in Alberta are proposing to build a new oil sands refinery and petrochemical complex in the province. Beijing-based and state-owned China Petroleum & Chemical Corp., better known as Sinopec, China Construction Industrial & Energy Co. Ltd., and a consortium of Alberta Indigenous groups signed an agreement with the Edmonton-...
  • September 13, 2018
    Minister of Small Business and Export Promotion, Mary Ng, will attend the World Economic Forum’s Annual Meeting of the New Champions in Tianjin, China, on September 19, 2018. Minister Ng will participate in sessions on gender parity and the future of work, as well as the promotion of female entrepreneurship.
  • September 13, 2018
    Aylmer, Ontario-headquartered WeedMD has completed the export of its cannabis genetics to Australia’s Medifarm, a privately-held Queensland-based licensed producer (LP). The deal marks one of the first instances of a Canadian LP partnering internationally for the purpose of sale and export of cannabis strains. WeedMD Inc. is a federally-licensed producer and distributor of cannabis under the...
  • September 13, 2018
    Vancouver-headquartered Minco Silver Corporation has entered into a preliminary agreement to acquire 70 per cent of the equity interests in Changling Longxin Mining Co., Ltd., a Chinese mining company which holds a 100 per cent interest in the Longwangshan Gold Mine, located in Hunan, China. The estimated purchase price ranges from C$28 million to 32 million. In conjunction with the proposed...
  • September 12, 2018
    Vancouver-headquartered Japan Gold Corp. has received approval from the Japanese Ministry of Economy, Trade and Industry for five prospecting rights applications over the Ohra-Takamine project in the Southern Kyushu. The Ohra-Takamine project totals 1,681 hectares covering historic gold-silver mines in the highly gold-endowed Hokusatsu-Kushikino mining district. Japan Gold is a mineral...
  • September 12, 2018
    Waterloo, ON-headquartered Axonify, a global corporate microlearning platform with customers in 95 countries, today announced that Grab Inc. has implemented the Axonify Microlearning Platform to provide comprehensive driver-partner onboarding and continuous learning for millions of driver-partners across the region. Singapore-headquartered Grab is a leading ride-sharing platform in Southeast Asia...
  • September 11, 2018
    Calgary-headquartered Sonoro Energy Ltd., a company focused on oil and gas exploration and production in Southeast Asia, has entered into an agreement with one of Indonesia’s largest companies to develop oil and gas activities in Indonesia as joint partners. This strategic relationship is focused on the pursuit of activities related to the Budong-Budong project in West Sulawesi and also includes...
  • September 11, 2018
    Montreal-headquartered Bombardier Commercial Aircraft announced today that Biman Bangladesh Airlines Ltd. has ordered three new Q400 aircraft by signing a purchase agreement with the Canadian Commercial Corporation (CCC). Based on the list price of the Q400 aircraft, the order is valued at approximately US$106 million. Biman Bangladesh Airlines is the national airline of Bangladesh. Bombardier is...
  • September 11, 2018
    Vancouver-headquartered China Gold International Resources Corp. Ltd. has announced that it has been selected as a constituent of five Hang Seng Indexes with effect from September 10, 2018. Hang Seng Indexes Company Ltd., a wholly-owned subsidiary of Hang Seng Bank, was established in 1984 and is Hong Kong's leading index compiler covering Hong Kong and mainland China markets. China Gold...
  • September 10, 2018
    Toronto-based mining company RNC Minerals has struck gold in Western Australia, sending the company's stock price soaring by 122.2 per cent. The company says that over the last week, it has pulled 9,250 ounces of gold worth some C$15 million from its Beta Hunt mine in Western Australia. The find includes a single 95-kg chunk that contains 2,440 ounces of gold for a value of about C$3.8 million,...
  • September 10, 2018
    Vancouver, British Columbia-headquartered Philippine Metals Inc. has closed private placement financing announced in July, issuing shares worth approximately C$143,000. The net proceeds of the private placement will be used for debt settlement and for general working capital purposes. Philippine Metals is focused on copper and copper-gold mining in the Philippines, where it owns more than 11,000...
  • September 7, 2018
    The University of Toronto (U of T) and Tata Trusts, one of India's largest charitable organizations, announced a partnership to establish an urban research centre and an entrepreneurship hub in India at this week's Invest India Conference in Toronto. The aim is to create opportunities for scholars and innovators in both countries to share knowledge, collaborate on research initiatives in diverse...
  • September 7, 2018
    Kelowna, British Columbia-based Valens Groworks Corp. has signed a letter of intent with Medigrowth Australia Pty Ltd. to supply cannabis flower and oil products to Medigrowth for sale and distribution in the Australian market. Valens will also provide cultivation, extraction, and lab service expertise to Medigrowth to support research, development partnerships, and collaborations with Australian...
  • September 7, 2018
    Minister of Foreign Affairs Chrystia Freeland today announced 14 diplomatic appointments, including Micheal Danagher's as the Ambassador to the Republic of Korea. Danagher joined the Department of External Affairs in 1987. In Ottawa, he served as director general, regional trade operations, and intergovernmental affairs; and as executive director, South Asia, Southeast Asia, and Oceania...
  • September 6, 2018
    Richmond, British Columbia-based CellCube Energy Storage Systems Inc. has signed a sales partnership agreement with Bangkok-based Bettenergy Company Ltd. for the development in Thailand of solar and microgrid storage applications. Bettenergy is a leading solution provider for renewable powered energy projects ranging from rural community microgrids to power distributed energy resource projects...
  • September 6, 2018
    Kelowna, British Columbia-based Hilltop Cybersecurity, Inc. has announced a deal with Japanese cryptocurrency mining company Island Mining to provide security for Island Mining and its operations, along with an expansion of the definitive agreement and the award of exclusive distribution in Japan for Hilltop’s CryptoKEEP cryptocurrency wallet technology. Hilltop is a cybersecurity and...
  • September 6, 2018
    Ottawa-based Kinaxis, provider of a leading cloud-based supply chain management solution, has announced a strategic alliance with Japanese business consulting firm QUNIE Corporation to support the growth of Kinaxis' client base in Japan and throughout Asia Pacific. Kinaxis unifies supply chain planning for global organizations on a single platform, streamlining processes and eliminating...
  • September 5, 2018
    Vancouver-based base-metals mining firm Nevsun Resources Ltd. has agreed to a friendly takeover bid by a Chinese firm for C$1.86 billion. Nevsun says Zijin Mining Group Co. Ltd., headquartered in Xiamen and one of the largest gold producers in China, will acquire all of its issued and outstanding shares. Nevsun's board of directors is recommending that shareholders accept the Chinese company's...
  • September 5, 2018
    Ontario Municipal Employees Retirement System (OMERS) has offered C$3.12 billion for Australian property company Investa Office Fund, topping a bid from New York City-based Blackstone Group LP. The offer values Investa Office shares at 2.8 per cent more than Blackstone's bid, the Canadian pension fund's Oxford Properties Group unit said in a statement. The successful bidder will get 35 properties...

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