Business
City of Toronto in a joint project with Enbridge Gas Distribution will construct the city’s first renewable natural gas facility, to be located at the Dufferin Organics Processing Facility.
MineSense Technologies closed $18 million USD in equity financing to position itself for full commercial launch. Led by Prelude Ventures, the round included industry leaders Caterpillar, Mitsubishi Corporation and new investor ABB Technology Ventures.
Dartmouth, Nova Scotia based DSS Marine Co., has been awarded a $3,792,876 contract to provide 11 boom high-speed sweep systems to the Canadian Coast Guard. As part of the contract, an option to purchase 60 additional units is included.  The 11 systems are expected to be delivered within six months across Canada.
Edmonton - Finning Canada, a division of Finning International Inc., opened its first used equipment centre in Acheson, Alta., just outside Edmonton on June 15.
The global mining equipment market size is expected to reach USD 128.39 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 6.5% during the forecast period. Rising drilling and exploration activities globally are expected to provide an impetus to industry growth.
Mississauga –The Plant Engineering & Maintenance Association of Canada (PEMAC) announced it will be working with municipalities in their efforts to improve infrastructure spending decisions through stronger asset management.
Calgary/PRNewswire – Enbridge Inc. announced that it has entered into definitive agreements to sell its Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia and Alberta (the "G&P Business") to Brookfield Infrastructure and its institutional partners for a cash purchase price of CAN $4.31 billion, subject to customary closing adjustments and receipt of regulatory approvals.
Armonk, N.Y. – IBM announced it has acquired Oniqua Holdings Pty Ltd., a global innovator in Maintenance Repair and Operations (MRO) Inventory Optimization solutions and services focused on mining, oil & gas, transportation, utilities, manufacturing and other asset-intensive industries. This acquisition expands IBM's Asset Optimization Practice, helping clients reduce and optimize MRO Inventories, predict when critical parts and equipment might fail so proactive actions can be taken to avoid unplanned downtime.
Sandvik acquires privately-owned Inrock, a leading supplier of rock drilling tools and services for Horizontal Directional Drilling (HDD) in North America. Headquartered in Houston, USA, Inrock is a market leader in pilot hole bits, reamers, guidance systems, accessories and services for the premium maxi rig segment within HDD.
Agnico Eagle’s LaRonde mine is the first to utilize AutoMine with LTE communication network underground on a production scale. This will not only increase productivity and improve safety but also mark a breakthrough in technology.
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