Government of Canada invests in transportation infrastructure in Whitehorse

WHITEHORSE, YT, July 29, 2021 /CNW/ – The Government of Canada supports infrastructure projects that create quality, middle-class jobs and boost economic growth. Enhancing the northern transportation system supports and promotes economic growth and social development, offers job opportunities, provides greater connectivity for Northerners, increases its resilience to a changing climate, and ensures it can adapt to innovative technologies.

WHITEHORSE, YTJuly 29, 2021 /CNW/ – The Government of Canada supports infrastructure projects that create quality, middle-class jobs and boost economic growth. Enhancing the northern transportation system supports and promotes economic growth and social development, offers job opportunities, provides greater connectivity for Northerners, increases its resilience to a changing climate, and ensures it can adapt to innovative technologies.

Today, the Minister of Transport, the Honourable Omar Alghabra, announced a major investment of $135 million for a project that will improve the safety, reliability, and efficiency of one of the major transportation arteries in Yukon.

Strategic upgrades that will be made to the Klondike Highway corridor between Whitehorse and Dawson City, include:

  • reconstructing 110 km of the Highway between Carmacks and Stewart Crossing; and
  • adding innovative technologies for the smart use of transportation networks, including an Intelligent Transportation System.

These investments are expected to have important economic, environmental and employment benefits for the region.

National Trade Corridors Fund projects in the Arctic and North support northern transportation infrastructure such as ports, airports, all-season roads and bridges, and are enhancing safety, security, economic and social development in Canada’s three territories, the northern area of Labrador containing the Nunatsiavut region, the Nunavik region in Quebec, and the Town and Port of Churchill, in Manitoba.

These National Trade Corridors Fund projects also address the unique and urgent transportation needs in Canada’s Arctic and North, such as climate resilience and access to markets, social and economic opportunities, access between communities and access to essential services despite difficult terrain and severe climate conditions, and the high cost of construction along Canada’s northern trade corridors.

Provincial, territorial and municipal governments, Indigenous groups, not-for-profit and for-profit private-sector organizations, federal Crown corporations and academia are all eligible for funding under the National Trade Corridors Fund.

Quotes

“Transportation and distribution of goods are essential for our northern communities and for social and economic development in Canada’s Arctic. By investing in much-needed transportation infrastructure in the North such as all-season roads and bridges, we are improving transportation safety and reliability for Northerners.”

The Honourable Omar Alghabra
Minister of Transport

“Transportation is a critical lifeline for northern communities and for economic development in Canada’s North and Arctic. With this funding through the National Trade Corridors Fund to upgrade the Klondike Highway and implement innovative technologies, our government is supporting Yukon communities by building more resilient and efficient infrastructure, improving transportation safety and reliability.”

The Honourable Dan Vandal
Minister of Northern Affairs

“Transportation and distribution of goods are a vital part of our local, regional and national economies. The investment announced here today will make our transportation system stronger by helping to modernize one of the major transportation arteries in Yukon.”

The Honourable Larry Bagnell
Parliamentary Secretary to the Minister of Economic Development and Official Languages (Canadian Northern Economic Development Agency)

Quick Facts

  • As announced in 2017, the National Trade Corridors Fund is investing $2.3 billion over 11 years in projects that strengthen the efficiency and resilience of the transportation system, and includes $800 million in dedicated funding for Arctic and northern regions.
  • Budget 2021 provided an additional $1.9 billion over four years (2021-22 to 2024-25) to the National Trade Corridors Fund, which will spur investments into much-needed enhancements to Canada’s roads, rail, and shipping routes, build long-term resilience for the Canadian economy, and support internal trade.
  • A total of 15 per cent of the funding for National Trade Corridors Fund will be dedicated to building and improving transportation networks in Canada’s North.
  • Transportation is a lifeline for northern communities and their social and economic development, where infrastructure is more costly to build as compared to southern Canada due to severe climate, difficult terrain, vast distances, limited access to materials and expertise, and a much shorter construction season.

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Transport Canada is online at www.tc.gc.ca. Subscribe to e-news or stay connected through TwitterFacebookYouTube and Instagram to keep up to date on the latest from Transport Canada.

This news release may be made available in alternative formats for persons living with visual disabilities.

SOURCE Transport Canada

For further information: Contacts: Allison St-Jean, Senior Communications Advisor and Press Secretary, Office of the Honourable Omar Alghabra, Minister of Transport, Ottawa, (613) 290-8656, [email protected]; Media Relations, Transport Canada, Ottawa, 613-993-0055, [email protected]

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Nornickel’s Global Palladium Fund Lists World’s Only Physically Backed Copper and Nickel ETCs on Swiss Stock Exchange


ZUG, Switzerland – July 29, 2021 – (Newswire.com)

The Global Palladium Fund (GPF), established by MMC Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has today (29 July 2021) listed the world’s only physically-backed copper and nickel Exchange Traded Commodities (ETCs) on the Swiss Stock Exchange (SIX).

Alexander Stoyanov, Chief Executive Officer of GPF said: “Today’s listings mean that an even wider group of investors can now invest in physical copper and nickel and benefit from the low price of our ETCs, enhanced transparency and security, and a sustainable supply source. Both metals not only play a critical role in the growth of green technologies and energy but also strengthen risk-adjusted returns in a diversified investment portfolio.”

Targeting family offices, wealth managers, institutional and other professional investors, the new physically-backed copper and nickel ETCs will track the spot price of the metals. The metal backing GPF ETCs is stored in secure warehouses in Rotterdam.  All six of GPF’s physically-backed, low-cost metal ETCs, which include gold, silver, platinum and palladium, are now listed on SIX.

The copper and nickel backing the ETCs is sourced from MMC Norilsk Nickel and other producers and metal suppliers which have confirmed their compliance with the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining. GPF is the only major ETC issuer to make such a pledge.

To strengthen ETC investor security, GPF uses IBM’s Hyperledger Blockchain in the custody chain of the metal. This is in addition to the traditional processes used by the custodian, enhancing the transparency and accountability of the issuer.  By recording bar and cathode information on the blockchain, it provides clear ownership and an immutable custody chain for investors using the ETCs.

They are attractively priced with annual total expense ratios (TERs) of 0.85% and 0.75% respectively, making them the most cost-effective way for European-based investors to achieve exposure to the metals through an exchange-traded product, as they seek to take advantage of the energy transition megatrend. Copper and nickel will drive the transition to clean energy as highlighted by the International Energy Agency.

Global Palladium Fund

The Global Palladium Fund was created to make the world’s precious, base and rare-earth metals accessible to everyone and to advance the development of world-changing technologies in essential areas such as aerospace, electronics, and the automotive. GPF cares about our planet deeply and stands ready to ensure that its resources are spent wisely where they are needed most.

GPF is proud to be supported by Nornickel. Its products are in high demand across the globe and it has operations in the Russian Far North, Finland, and South Africa.

Press Release Service
by
Newswire.com

Original Source:

Nornickel’s Global Palladium Fund Lists World’s Only Physically Backed Copper and Nickel ETCs on Swiss Stock Exchange


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Alpha Aqua to build Arctic char farm for Sweden’s Cold Lake

The farm is expected to be built next year, with eggs introduce

The farm is expected to be built next year, with eggs introduced to the facility in the final quarter of 2022


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Maine’s biggest seaweed processor to open new 27,000 square foot plant

The 24 kelp farmers who supply the US company increased their lan

The 24 kelp farmers who supply the US company increased their landings by 12,000% over the past two seasons


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ATCO & Nunavut Petroleum Joint Venture Wins 10-Year Fuel Supply Contract

Uqsuq Corporation marks 25 years of managing fuel for Iqaluit IQALUIT, NU and CALGARY, AB, July 29, 2021 /CNW/ – ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y) Nunavut Petroleum Corporation and ATCO Frontec, an ATCO company, today announced their joint venture Uqsuq Corporation has been awarded a 10-year $600 million contract to manage and operate Iqaluit’s 79-million-litre bulk fuel storage facility, pipeline

Uqsuq Corporation marks 25 years of managing fuel for Iqaluit

IQALUIT, NU and CALGARY, ABJuly 29, 2021 /CNW/ – ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)

Nunavut Petroleum Corporation and ATCO Frontec, an ATCO company, today announced their joint venture Uqsuq Corporation has been awarded a 10-year $600 million contract to manage and operate Iqaluit’s 79-million-litre bulk fuel storage facility, pipeline distribution system and municipal fuel delivery system. The contract for managing this critical energy infrastructure also has a five-year option period.

The contract was awarded by the Petroleum Products Division of the Government of Nunavut and provides the complete end-to-end management of bulk fuel for Iqaluit, including purchase, receipt and management of annual bulk fuel deliveries; airport refueling operations; infrastructure maintenance; quality assurance; and environmental response. There is a short window to transport fuel and goods to the remote North when only accessible by plane or boat. Uqsuq, formed in 1996, has been a critical partner to the Government of Nunavut, and has been providing the fuel services to the city for the past 25 years. The new fuel contract was re-awarded under a competitive bid process.

“Uqsuq is an example of how we promote sustainable economic growth and build capacity for Inuit communities through trusted partnerships,” said Harry Flaherty, President, Uqsuq and Qikiqtaaluk Corporations. “We look forward to continuing to provide this essential service over the next 10 years, fueling the economy with employment and business opportunities.”

“Strong, mutually-beneficial relationships with our Inuit partners is important to the success of this contract, in addition to many of our other projects in Canada’s North,” said Jim Landon, President, ATCO Frontec. “Uqsuq is one of our longest-standing partnerships and it truly represents collaboration and respect.”

ATCO Frontec has built a strong foundation of work in Northern Canada, including providing facility management services at five Department of National Defence sites across the North. In addition, it has several Inuit partnerships with operations that include facility management services at Canadian Forces Station Alert and the maintenance of 157 microwave sites across Northern Canada for NorthwesTel. And recently, Nunavut Arctic Services Ltd, Frontec’s new joint venture with a majority Inuit partner, was awarded a five-year contract to provide facility management services at the Canadian High Arctic Research Station (CHARS), located in Cambridge Bay, Nunavut.  “Working and operating in the North requires specialized skills and knowledge to meet the unique challenges of these remote locations,” added Mr. Landon.

About Nunavut Petroleum Company
NPC is a partnership between Qikiqtaaluk Corporation and Nunasi Corporations. Qikiqtaaluk is the Inuit birthright development corporation formed in 1983 for the Qikiqtani Region, with a mandate to strengthen the social and economic well-being of Nunavut and the 15,500 Inuit it represents. Established in 1976, Nunasi is also a birthright development corporation wholly owned by the Inuit of Nunavut, committed to investing and growing businesses that provide responsible returns to its shareholders. More information can be found at www.qcorp.ca/qc-services/nunavut-petroleum-corporation.

About ATCO Frontec
ATCO Frontec is a division of ATCO Ltd. With approximately 6,200 employees and assets of $22 billion, ATCO is a diversified global corporation with investments in the essential services of Structures & Logistics (workforce and residential housing, innovative modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defence operations services, and disaster and emergency management services); Utilities (electricity and natural gas transmission and distribution, and international electricity operations); Energy Infrastructure (electricity generation, energy storage and industrial water solutions); Retail Energy (electricity and natural gas retail sales); Transportation (ports and transportation logistics); and Commercial Real Estate. More information can be found at www.atco.com.

For more information please contact:

Nunavut Petroleum Corporation

Harry Flaherty
President, Uqsuq
[email protected]
T: 867 979 8403

ATCO

Investor Inquiries:
Colin Jackson
Senior Vice President, Finance, Treasury, Risk & Sustainability
[email protected]
T: 403 808 2636

Media Inquiries:
Kurt Kadatz
Senior Manager, Corporate Communications
[email protected]
T: 587 228 4571

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. 

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.

The Company’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions (including as may be affected by the COVID-19 pandemic), and other factors, many of which are beyond the control of the Company.

The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. 

Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.  

SOURCE ATCO Ltd.

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A Radioactive Limit – What is Next for Greenlandic Mineral Extraction?

By Mikkel Schøler © Mikkel Schøler Mikkel Schøler The Kuannersuit mining project hearing is officially still underway with a September 13 deadline. Still, the project seems dead for the near future, as the current coalition has announced its intention to ban mining of minerals with a radioactive content. While the statement sounds straightforward to the

By Mikkel Schøler

© Mikkel Schøler

Mikkel Schøler


The Kuannersuit mining project hearing is officially still underway with a September 13 deadline. Still, the project seems dead for the near future, as the current coalition has announced its intention to ban mining of minerals with a radioactive content. While the statement sounds straightforward to the untrained ear, reality is far messier, and it has cast a long shadow of doubt over the entire Greenlandic mineral sector.

In an effort to appease worried investors, newly appointed Greenlandic minister of resources, Naaja Nathanielsen, disseminated a press release in May stating that the governments position was “Yes on mining, but no on uranium”. According the Greenlandic public service channel KNR, she also stated that “The coalition expects to present a zero-tolerance policy [for uranium] this year”.

However, passing an actual zero-tolerance policy for radioactivity in mineral extraction would be the same as banning all mining, as almost all rock contains both measurable radioactivity and measurable uranium.

Later that month, Nathanielsen conceded that point in a comment to Greenlandic newspaper, Sermitsiaq, saying that “We are aware that radioactive elements are widely dispersed, and that is why the work on a zero-tolerance policy will include a limit [for allowable radioactive content]”.

Again, to the untrained ear, this may sound reasonable, but again, the reality is far messier. Speaking to Sermitsiaq last week, the former CEO of the now dissolved national Greenlandic mineral exploration company NunaMinerals, Ole Christiansen, outlines some of the ways a limit for radioactive content also increases investor risks, when investing in Greenlandic mineral exploration.

“If the Greenlandic government decides to introduce a limit of say 500 grams of uranium per ton ore, the Kuannersuit Project could move forward, as the ore contains 200-300 grams of uranium per ton ore, according to the published material. But what if the company invests a large amount in constructing a mine, and then, after a couple of years, realises that the deeper ore reserves contain more than 500 grams of uranium per ton? Would you then have to close the mine?”

Christiansen also points out that concentrates typically have a higher radioactive content than the unprocessed ore. What would happen if the concentrate passes the limit? In addition, what would happen if other radioactive elements like thorium contribute to passing the limit for radioactive elements? Thorium is a part of the Kuannersuit resource with a content of 1000 gram per ton ore – 3-5 times as much as uranium.

The Greenlandic government finds itself in a self-made catch-22. On the one side, IA has staked its entire election success on wanting to ban extraction of radioactive material, particularly to stop the Kuannersuit Project. On the other hand, the Kuannersuit Project contains only small amounts of radioactive minerals per ton of unprocessed ore, so basing a general limit on that project would in reality stop a lot of exploration projects that the coalition wants to move forward.

One way forward could be to operate with a geographic limit. As Greenland is a vast country with a sparse population, one could argue that a geographic limit on radioactive mineral extraction within a certain distance of inhabited areas could achieve both. It would allow the coalition to stop the Kuannersuit Project and give all other projects peace of mind. However, such a geographic limit probably would be seen as going back on an election campaign promise by both the farmers in South Greenland and by IA’s voters in particular, as it would allow other resource developers to extract radioactive content.

That is why Christiansen’s comments are spot on. For an investor planning to explore a resource or to bring one from exploration to extraction, any limit increases the risk. It is now up to the Greenlandic government to propose a limit that minimises that risk as much as possible. If not, resource exploration in Greenland could soon be a thing of the past.

At least until a different Greenlandic majority emerges.


Mikkel Schøler is a Fellow at Polar Research and Policy Initiative, and the CEO and Founder of Sikki, a consultancy focused on developing sustainable business models in the Arctic. For a decade, Schøler has worked as a political advisor to the Social Democratic Parties in both Greenland and Denmark, and to the Nordic Council advising on a host of topics covering physical infrastructure, telecommunications infrastructure, resource extraction, labour laws, international relations, climate change, environment, tourism and fisheries. Schøler holds a candidates degree in political science from the University of Southern Denmark, but he spent the majority of his childhood growing up at the then American Airbase in Kangerlussuaq, Greenland as well as in Nuuk, Greenland. Today, Schøler lives in Aarhus, Denmark, according to his principles of sustainability, spending his leisure time working his small hold farm for self-sufficiency. Schøler comments and contributes on stories and articles relating to politics and elections, as well as strategic business development, in the Nordic Countries, including Greenland.

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Government of Canada COVID-19 update for Indigenous Peoples and communities, week of July 26

OTTAWA, TRADITIONAL UNCEDED ALGONQUIN TERRITORY, ON, July 28, 2021 /CNW/ - Indigenous Services Canada (ISC) is committed to supporting Indigenous communities in their response to COVID-19 and continues to work closely with Indigenous organizations and provincial and territorial governments. This week, the Government of Canada received its 66th millionth dose of the COVID-19 vaccine. This...

OTTAWA, TRADITIONAL UNCEDED ALGONQUIN TERRITORY, ON, July 28, 2021 /CNW/ – Indigenous Services Canada (ISC) is committed to supporting Indigenous communities in their response to COVID-19 and continues to work closely with Indigenous organizations and provincial and territorial governments.

This week, the Government of Canada received its 66th millionth dose of the COVID-19 vaccine. This marks an incredible accomplishment in vaccination efforts, as there are now sufficient vaccines to fully vaccinate all eligible people in Canada. As of July 26, more than 58 million COVID-19 vaccine doses have been distributed across the country. As of July 27, 2021, in First Nations communities, over 83% of individuals aged 18 and older have received at least one dose of a COVID-19 vaccine, and over 63% have received two doses.

As of July 27, 2021, over 85% of individuals aged 12 and older have received at least one dose of a COVID-19 vaccine in First Nations, Inuit and territorial communities. Of this group, over 62% have received their second dose. According to the Public Health Agency of Canada, over 79% of individuals aged 12 and older have received one dose, with 50% having received two doses as of July 27, 2021.

Last week, the Honourable Minister Miller visited seven First Nations communities in Nova Scotia and New Brunswick to acknowledge health care staff for their unwavering commitment throughout the pandemic. Regions and communities across the country have stepped up to promote and administer COVID-19 vaccinations to Indigenous Peoples.

We thank all those who have received their first dose of the vaccine and remind all Canadians to be sure to book your appointment for your second dose to protect against severe disease outcomes, such as hospitalization and death, especially in the context of the Delta variant. While we are still experiencing some outbreaks affecting primarily unimmunized or partially immunized individuals, we have seen a continuing drop in active case counts of more than 90% over the past six months. For example, Hatchet Lake First Nation in northern Saskatchewan has a Delta variant outbreak that is waning thanks to the redoubling of immunization efforts. In Ontario, there are no active COVID-19 cases in Kashechewan First Nation, thanks to the extraordinary efforts of the community’s leadership and other federal, provincial, health and non-governmental organization partners.

This week, Minister Miller visited nurses and health staff at Kenora Chiefs Advisory to thank them for their support in response to the COVID-19 pandemic and vaccine roll-out. Their hard work and dedication have helped keep Indigenous Peoples and communities safe and build confidence in the vaccines.

In addition, the Gamma variant COVID-19 outbreak in Yukon is beginning to slow, and the current risk to Yukon residents remains low. Transmission of COVID-19 remains through community spread. The active case count has now dropped below 100, and new cases per day continue to be fewer than 10. Effective August 4, 2021, the Government of Yukon will no longer require people to self-isolate upon entry to the territory, wear masks in indoor public spaces, or practice physical distancing at bars and restaurants, allowing these establishments to return to full capacity as it was before the pandemic.

Nunavut is continuing its Pfizer vaccination campaign aimed at Nunavut youth, with mini mass clinics already underway in all communities administering first and second doses. The Moderna vaccine is also available in all 25 communities for those who would like to be vaccinated. Over 80% of eligible adults aged 18 and older have received a first dose, and over 70% have received a second dose. Over 58% of youth aged 12 to 17 have received a first dose of the Pfizer vaccine, and over 34% are fully vaccinated.

Mass walk-in COVID-19 vaccination clinics have been held in Iqaluit. Inuit health care workers were flown in from across the country and were available to provide information and dispel myths about the vaccine in Inuktitut. They were open to anyone aged 12 and older and included door prizes, as well as vouchers for Nunavummiut. This was a collaboration between Nunavut Tunngavik Incorporated, Qikiqtani Inuit Association, the Government of Nunavut and the City of Iqaluit and was based on the success seen with the Nunatsiavut mass vaccine clinics in Labrador that had Inuktitut-speaking health care workers.

Nunavut Tunngavik Incorporated has created a new Clinicial Manager position in their organization, staffed by an Inuktitut-speaking registered nurse whose role is to encourage and provide teaching and reassurance to Nunavummiut about vaccinations and provide support to Inuit nurses across the territory.

ISC continues to support the Government of Nunavut and Nunavut Tunngavik Incorporated in ensuring they have the resources required to administer the COVID-19 vaccines and in their efforts to promote the safety and importance of vaccination among Nunavummiut.

As provinces and territories continue to ease restrictive public health measures, this easing will be dependent on the current risk level in and around their communities, including COVID-19 rates, the presence of variants of concern, vaccination coverage in each jurisdiction, public health and health care capacity, and community vulnerabilities. Members of the public need to continue to follow their community’s recommendations on the use of personal preventive measures, such as wearing a mask, practicing physical distancing and receiving both doses of a COVID-19 vaccine currently available in Canada.

As of July 26, 2021, the following COVID-19 data have been confirmed:

  • 34,421 confirmed positive COVID-19 cases
  • 411 active cases
  • 33,617 recovered cases
  • 393 deaths.

Under the Government of Canada’s Vaccine Community Innovation Challenge, more than 100 community-driven projects are being launched to promote vaccine confidence and reinforce public health measures, including 25 projects by Indigenous communities. These initiatives will take place across the country, in various Indigenous languages. Trusted community leaders and messengers will provide information on COVID-19 vaccination that is culturally appropriate, targeted and informed.

The Canadian Armed Forces (CAF) is a critical part of Canada’s whole-of-government response to the pandemic. The CAF is pleased to continue working in close collaboration with provincial, territorial and Indigenous leadership partners to provide emergency support to all community members affected by the recent COVID-19 outbreaks.

As of July 2021, the CAF has assisted more than 100 Indigenous communities across Canada since the beginning of the pandemic. The CAF remain ready to respond wherever and whenever the government needs them to help protect Canadians.

As part of Operation VECTOR, which is the CAF’s support to the federal, provincial and territorial governments in distributing COVID-19 vaccines, the CAF just concluded its support to Ornge’s Operation Remote Immunity 2.0. This operation aimed to vaccinate approximately 6,000 youth aged 12 to 17 in 31 Ontario fly-in First Nations communities and Moosonee.

As part of Operation LASER, which is the CAF’s response to a global pandemic situation, Canadian Rangers are providing assistance with COVID-19 response efforts in Attawapiskat First Nation in Ontario and Hatchet Lake First Nation in Saskatchewan. This can include delivering critical supplies to vulnerable community members; providing additional health care personnel, isolation space and funding; and supporting case and contact management. The Rangers just concluded their support to Kashechewan First Nation in Ontario.

Canadian Rangers are also activated in many communities across the country as Sentinels to help identify emerging demands.

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Stay connected. Join the conversation about Indigenous Peoples in Canada:

Twitter: @GCIndigenous
Facebook: @GCIndigenous
Instagram: @gcindigenous
Facebook: @GCIndigenousHealth
Twitter: @Min_IndServ

You can subscribe to receive our news releases and speeches via RSS feeds. For more information or to subscribe, visit www.isc.gc.ca/RSS.

SOURCE Indigenous Services Canada


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Angry EU fishing sector threatens to sue Norway, boycott exports

'More than half of 2021 has passed, and yet Norway contin

‘More than half of 2021 has passed, and yet Norway continues to disrespect the EU with further unilateral actions. They leave us no other choices,’ Europeche’s Javier Garat said


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P&P, Samherji’s UK venture leads calls for temporary trade remedy with Norway

The UK's distant water fleet has been unab

The UK’s distant water fleet has been unable to catch cod and haddock in Norwegian waters since talks broke down in June


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Totalenergies acquires 10% in operator of LNG terminals under construction from Novatek

MOSCOW. July 26 (Interfax) – France’s Totalenergies (formerly Total ) has closed a deal to buy 10% in Arctic Transshipment LLC from Novatek , according to the Unified State Register of Legal Entities. Novatek now owns 90% of the company, while Totalenergies owns 10%. The deal was concluded on July

MOSCOW. July 26 (Interfax) – France’s Totalenergies (formerly Total ) has closed a deal to buy 10% in Arctic Transshipment LLC from Novatek , according to the Unified State Register of Legal Entities.

Novatek now owns 90% of the company, while Totalenergies owns 10%. The deal was concluded on July 23. The sale and purchase agreement was signed in early June.

The charter capital of Arctic Transshipment is 50 million rubles.

Arctic Transshipment LLC, a subsidiary of Novatek, is the operator of two LNG transshipment facilities under construction in Kamchatka and the Murmansk Region. The terminals are designed to ensure efficient transportation of LNG from Arctic LNG 2 and other Novatek projects by transshipment from Arc7 ice-rated LNG tankers to conventional vessels. Each of the terminals includes a 360,000 cubic meter floating LNG storage facility with two side-by-side transshipment points.


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FREYR Battery Chooses Mpac Lambert for Supply of Battery Cell Assembly Equipment Package to Customer Qualification Plant

LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed a contract with Mpac Lambert for the supply of the casting and unit cell assembly equipment package to the battery cell production line at FREYR’s Customer Q

LUXEMBOURG–(BUSINESS WIRE)–FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has signed a contract with Mpac Lambert for the supply of the casting and unit cell assembly equipment package to the battery cell production line at FREYR’s Customer Qualification Plant (“CQP”) in Mo i Rana, Norway. Preparatory work on the facility is already ongoing with a targeted start of initial operations in the second half of 2022.

Mpac Lambert, a UK-based developer of automation and mass production solutions, was prequalified to participate in the competitive tender following nearly three years of cooperation with 24M Technologies (“24M”) on industrializing and scaling 24M’s SemiSolid lithium-ion battery platform technology. The company will leverage 24M’s innovative battery casting technology and in-house expertise and experience in automation and mass production systems to construct and install the equipment.

“The casting and unit cell assembly sits at the heart of the battery cell production process. This is FREYR’s first contract for critical production line machinery, and we are excited to take the important step towards achieving the milestones outlined in our project plan. We expect to commence construction in August 2021. FREYR looks forward to announcing other contract awards for other equipment to the CQP in due course,” said Einar Kilde, EVP Projects at FREYR.

The contract with Mpac Lambert also grants FREYR options for delivery of the casting and unit cell assembly equipment packages for FREYR’s planned Gigafactories.

“We are delighted to be a partner to FREYR to support them in their vision and play our part as Mpac automation ecosystems to provide know-how, equipment and services to industrialize the battery cell energy storage device production,” said Tony Steels, the CEO of Mpac.

“FREYR continues to advance Norway’s first lithium-ion battery cell manufacturing facility at industrial scale with a production line developed to our own specifications. The CQP will be used to optimize and industrialize 24M’s technology to produce clean, low-cost and high-energy density battery solutions based on renewable energy. We look forward to establishing a long-term partnership with Mpac Lambert through the CQP and potential later Gigafactory development,” said Tom Einar Jensen, the CEO of FREYR.

About FREYR Battery

FREYR plans to develop up to 35 GWh of battery cell production capacity in Norway and additional 8 GWh via joint ventures in Norway and/or the Nordic region by 2025 to position the company as one of Europe’s largest battery cell suppliers. Five of the facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.

About Mpac Group

Mpac Group plc is a global leader in high-speed packaging and automation solutions. The Company serves blue chip customers throughout the world in the essential and growing sectors of healthcare, pharmaceutical and food and beverage, Headquartered in the UK, the Company has strategically located manufacturing and service locations in North America, Europe and Asia to provide customers with local support through its highly respected subsidiaries: Lambert, Langen and Switchback.

Forward-looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline, capacity and other usefulness of FREYR’s CQP and planned Gigafactories, the success of the Mpac casting and unit cell assembly equipment package in the CQP or other future plants, the development and commercialization of 24M SemiSolid technology, FREYR’s manufacturing capacity relative to other market participants, and the development of customer and supplier relationships are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside FREYR’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) FREYR faces significant barriers in its attempts to scale and commercialize the SemiSolid lithium-ion battery platform cell technology and related manufacturing processes, which may not be successful, (ii) FREYR may encounter substantial delays in the development, manufacture, regulatory approval, and launch of FREYR’s battery cells and building out of the CQP or other planned plants, which could prevent FREYR from commercializing products on a timely basis, if at all, (iii) FREYR’s licensing strategy relies heavily on 24M’s process and technology, and any disagreements with 24M may impede FREYR’s ability to maximize the benefits of its licensing strategy, and (iv) FREYR may not be able to engage target customers successfully and convert such contacts into meaningful orders in the future. FREYR cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-4 filed with the Securities and Exchange Commission on March 26, 2021, as amended, and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, FREYR disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.

Source: FREYR Battery

Contacts

FREYR Battery contact information

For investor inquiries, please contact:

Jeffrey Spittel, Vice President, Investor Relations

[email protected]
Tel: (+1) 281-222-0161

Harald Bjørland, Investor Relations

[email protected]
Tel: (+47) 908 58 221

For media inquiries, please contact:

Hilde Rønningsen, Director of Communications

[email protected]
Tel: (+47) 453 97 184

Mpac Group contact information

Nick Lyon / Nick Moore

Hudson Sandler

[email protected]


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Kvaroy Arctic unveils Women in Aquaculture scholarship award

The recipients receive funding

The recipients receive funding plus work experience on the salmon company’s Norwegian farms


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Study: Alaska pollock carbon footprint handily beats beef, chicken, plant-based foods

Pollock suppliers in the US state of Alas

Pollock suppliers in the US state of Alaska have a major reason to cheer as a new study into the sector’s carbon emissions bolsters the fishery’s sustainability credentials in a big way


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Singapore’s GIC invests $240 million in Arctic Green Energy

(Reuters) – Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm’s expansion in Asia and Europe, the companies said on Monday. Arctic Green Energy focuses on the decarbonisation of the building sector and has a geothermal partnership with China’s state-owned oil giant China Petroleum &

FILE PHOTO: The logo for Singapore sovereign wealth fund GIC Pte Ltd, is seen on a building in Singapore July 6, 2017. REUTERS/Darren Whiteside/File Photo

(Reuters) – Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm’s expansion in Asia and Europe, the companies said on Monday.

Arctic Green Energy focuses on the decarbonisation of the building sector and has a geothermal partnership with China’s state-owned oil giant China Petroleum & Chemical Corp.

The funds would help Singapore-based Arctic Green Energy launch new projects and ramp up its capability in geothermal energy, which is derived from hot underground springs and is a greener alternative to using fossil fuels for heating and cooling.

JP Morgan acted as the sole placing agent for the deal.

Reporting by Anushka Trivedi in Bengaluru; Editing by Aditya Soni

This article first appeared on Reuters.


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Ólafsson Icelandic Gin Awarded 2 Double Gold Medals At The 2021 San Francisco World Spirits Competition

REYKJAVÍK, Iceland, May 5, 2021 /CNW/ -- The 30+ established experts composing the impartial competition jury evaluated over 3500 worldwide entries in 2021 and unanimously recognized the excellence of Ólafsson Icelandic Gin both for its liquid and packaging design. A Double Gold award is the highest medal available and is awarded to the entries that receive...

REYKJAVÍK, Iceland, May 5, 2021 /CNW/ — The 30+ established experts composing the impartial competition jury evaluated over 3500 worldwide entries in 2021 and unanimously recognized the excellence of Ólafsson Icelandic Gin both for its liquid and packaging design. A Double Gold award is the highest medal available and is awarded to the entries that receive a gold medal rating by all members of the judging panel; these are among the most exceptional products in the world.

“This rare double recognition for our gin and its packaging crowns our first successful year on the Icelandic market and launches our export debut in the best way we could have ever imagined”, says Eyland Spirits co-founder, Arnar Agnarsson.

Ólafsson Icelandic Gin is inspired by Eggert Ólafsson, Iceland’s most loved 18th-century explorer and guardian of the Icelandic culture, who wrote Travels in Iceland. First published in 1772, this epic book traces Ólafsson’s five-year expedition across Iceland, recording details of the land and the people. Handcrafted in a traditional copper pot still, using a batch distillation method, Ólafsson Gin starts crisp and breezy with its classic juniper base, followed by floral, citrusy botanicals, touches of earthy spice and a mineral whisp of ocean air. But what truly underpins its complex, intriguing character are the notes of native Arctic thyme, birch and mountain moss that wind their way through for a long, lingering finish. With its naturally high pH and minerality, the lava-filtered Icelandic water, one of the purest, most crystal-clear waters on the planet, balances the gin with an incredible smoothness and silky texture.

“Every element of our gin”, says Eyland Spirits co-founder Jon Maxwell, “pays tribute to Eggert Ólafsson and Iceland – from our hand-illustrated packaging drawn from Ólafsson’s 18th-century engravings, to the flavor notes that reflect the purity and beauty of Iceland’s extraordinary landscape. It’s an invitation to discover a truly captivating story.”

International distribution

Ólafsson Icelandic Gin is available in Iceland in all Vínbúðin stores. Within 6 months, it became the fastest-growing, highest-grossing Icelandic spirit across the state-owned liquor stores. It is also served in top bars and restaurants across the country and is listed in the duty-free outlets of Keflavík International Airport.

Ólafsson is launching in the United States in June 2021 via Elenteny Imports. American Northwest will be representing the gin in the states of Washington, Oregon and Idaho. Other states and e-commerce platforms are currently being secured.

Launch in other countries is being prepared and the opportunity to speak with importers, distributors and retailers who are interested in adding Ólafsson Icelandic Gin to their portfolio is warmly welcomed.

About Eyland Spirits
Eyland Spirits was formed amongst friends, Icelanders and Americans, who share a deep love and appreciation for both Iceland and fine spirits. We take our name from the old Icelandic word for island, the singular island that forms our foundation.

Our mission is simple: to create exceptional world-class Icelandic spirits, encapsulating the essence of Iceland, and share them with the world. With the dedication and expertise of our international teams in R&D, branding, marketing and sales, Eyland Spirits is busy developing other innovative Icelandic spirits and planning new launches in 2021.

www.eylandspirits.is  •  [email protected]

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/olafsson-icelandic-gin-awarded-2-double-gold-medals-at-the-2021-san-francisco-world-spirits-competition-301283984.html

SOURCE Eyland Spirits


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Tomsk engineers work on secure satellite communication terminals for Arctic

Such terminals will provide communication by using satellites. For almost deserted territories, like, for example, for the Russian Arctic, the northern territories in Siberia and the Far East, this communication method could be the only available option. TOMSK, July 23. /TASS/. Engineers of the Micran high-technology company in Tomsk jointly with the Moscow Institute of

Such terminals will provide communication by using satellites. For almost deserted territories, like, for example, for the Russian Arctic, the northern territories in Siberia and the Far East, this communication method could be the only available option.

TOMSK, July 23. /TASS/. Engineers of the Micran high-technology company in Tomsk jointly with the Moscow Institute of Physics and Technology (MIPT) will design by end of 2022 the first sample of a Russian terminal for satellite communication’s secure transmission in the Arctic zone. Big companies, like Gazprom, need such a system, as currently signals are transmitted via equipment with foreign components, and the data could be declassified by their hidden programs, Micran’s Director General Vera Paramonova told TASS.

“Satellite terminals are two functional devices, united into one system: a satellite modem and a network router. The modem receives and forms the radio signal, transmitted to a satellite and received from a satellite. The router transmits the data of required quality to users, including by virtual networks and operators,” she explained.

In other words, such terminals will provide communication by using satellites. For almost deserted territories, like, for example, for the Russian Arctic, the northern territories in Siberia and the Far East, this communication method could be the only available option. However, so far Russia does not produce such terminals with completely domestic software and component base.

At the same time, it is not safe for domestic companies to continue using the currently available equipment due to a risk of data leakage. “Presently, the signal is transmitted via the equipment, which has imported software and hardware. User data can be declassified by hidden software algorithms,” the expert explained, adding that foreign manufacturers of such equipment do not disclose the “stuffing”, and the chips work as “black boxes” – only the manufacturer knows, what is “hidden” inside the device.

In order to solve this problem, Micran, together with the Moscow Institute of Physics and Technology, received a subsidy from the Russian government to design domestic terminals. The first sample, Paramonova said, will be ready before the end of 2022. By 2024, the company will bring ready-made devices to the market.

The terminal is being developed primarily for needs of commercial structures that are engaged in creating communication networks, both for virtual mobile operators accessible to everyone, and for closed corporate communication channels and special communication channels. Such operators are Space Communications and Gazprom Space Systems and special structures, like, for example, the Ministry of Defense, the border service, the Ministry of Emergency Situations, Russian Railways, the aviation and fleet authorities, etc.

North Pole communication

The devices, which are being developed, will close the niche of secure satellite communication in the territories of the Russian Arctic and the Far North. Their architecture – a set of hardware and software – will be effectively suitable for low-orbit satellites and satellites located in highly elliptical orbits (specialized orbits, most often passing above the tundra territories – TASS). Only they can provide signal transmission in this macroregion. Stationary satellites, which are used to transmit TV and communication signals, “cannot stretch” to the planet’s poles.

“The country needs this system for development of the Arctic zone, the regions of Siberia and the Far East. Satellite terminals will create a complex infrastructure to provide processing and transmission of large volumes of structured and unstructured data, multimedia content and a 100% coverage of the country’s territory, as well as areas of the world that are relevant from economic, political, military and other points of view,” Paramonova said.

In addition to that, domestic stations should be cheaper and more user friendly. Presently, the signal is transmitted along a complex route, she continued. From one point on the Earth the signal is transmitted to a satellite in the space, and from there to a hub on the Earth, from where the information is again re-transmitted to another more suitable satellite, and only after that it goes to the recipient.

“We would like to divide between our devices the tasks performed by the hub. For that purpose, the user terminal will have a function of a network router. We also plan to create certain on-board satellite communication equipment, which would include a functional network switch. This way, we will build effective routes and cut delays in data transmission, optimize overhead costs for data transmission, cut to a minimum the number of route points,” the company representative said.

By using domestic technologies and materials and by skipping unnecessary signal transmission points, the Russian terminal will make the communication cheaper and more accessible, since nowadays this highly expensive communication is used only in extreme cases. At the same time, in terms of features and characteristics the new system will not be inferior to foreign analogues.

About the company

Micran is one of the first innovative companies in Russia. The company has 130 patents for inventions, 23 – for utility models, 35 certificates of officially registered integrated circuit topologies, ten certificates of officially registered computer programs. The company’s annual production exceeds 3 billion rubles ($41 million).


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ROSATOM and GDK Baimskaya LLC sign agreement to jointly supply energy to Baimsky plant

Photo by IAA PortNews ROSATOM and GDK Baimskaya LLC have signed an agreement to jointly implement a project to supply power to the Baimsky mining and processing plant (Baimsky GOK), which is located in Russia’s Chukotka Autonomous Okrug. According to IAA PortNews correspondent, the agreement was signed by ROSATOM Deputy Director General

Photo by IAA PortNews

ROSATOM and GDK Baimskaya LLC have signed an agreement to jointly implement a project to supply power to the Baimsky mining and processing plant (Baimsky GOK), which is located in Russia’s Chukotka Autonomous Okrug. According to IAA PortNews correspondent, the agreement was signed by ROSATOM Deputy Director General and Director of the Northern Sea Route Directorate Vyacheslav Ruksha and GDK Baimskaya LLC’s Chairman of the Board of Directors Oleg Novachuk. The signing ceremony took place as part of the ROSATOM-organised event “Arctic Day.”

The parties agreed that they would conclude a long-term “take-or-pay” contract for the sale and purchase of electricity by April 2022.

ROSATOM has proposed using optimised floating power units (OFPU) to provide electricity to the Baimsky GOK. These units are already under construction at ROSATOM’s machine-building division, Atomenergomash.

“We expect to build four power units: three main units and one standby unit that will be used during the repair or refueling of one of the main units,” said Vyacheslav Ruksha.

Ruksha noted that the first two units are expected to be delivered to their working location in the water area of Cape Nagleynyn and connected to power lines leading to the Baimsky GOK at the end of 2026; the third unit will be connected at the end of 2027.

An important part of the agreement is the parties’ intention to assist in changing current Russian legislation concerning the electric power industry to allow for more efficient investment in the Arctic. The parties maintain that change is necessary to create effective mechanisms by which to repay investors who develop long-term projects in the Arctic.

“The conclusion of a long-term electricity purchase and sale agreement between ROSATOM and GDK Baimskaya LLC will become the most important events in the largescale programme for the development of the Russian Arctic,” said Oleg Novachuk at the signing event.

This agreement has been concluded in the framework of a comprehensive roadmap for the implementation of investment projects for the development of the Baimsky metallogenic zone. This roadmap (No. 5645p-P9) was approved by Russia’s Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yury Trutnev on 7 June 2021.

ROSATOM is a global technological leader, with capacities in the nuclear sector and beyond, and business partners in 50 countries. As one of the pioneers of the nuclear industry, ROSATOM has traditionally been at the forefront of the international nuclear market, including nuclear power plant construction, uranium mining and enrichment, and nuclear fuel fabrication and supply. To thanks to the unique expertise accumulated over 75 years, the company is conquering the markets of new promising high-tech products. Hydrogen energy, energy storage, nuclear medicine, wind energy, composite materials, logistics business, environmental solutions – in total, more than a hundred new businesses, which cement ROSATOM’s standing among the leading tech giants.

GDK Baimskaya LLC is developing the large Peschanka copper deposit, which is situated in the Baimskaya licensed area of Russia’s Chukotka Autonomous Okrug. It is estimated that the deposit contains 9.9 million tonnes of copper with an average grade of 0.39% and 16.6 million ounces of gold with an average grade of 0.21 g/t. Both estimates have been recorded in accordance with the JORC code. The project’s construction budget is estimated at $8 billion.


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ROSATOM and Aeon Corporation agree to Arctic shipping cooperation

Photo by IAA PortNews 2021 July 23 – ROSATOM and Aeon Corporation plan to create a strategic partnership in the field of Arctic shipping. ROSATOM-subsidiary JSC Atomenergoprom and Aeon Infrastructure Corporation LLC have concluded a corresponding preliminary agreement. According to IAA PortNews correspondent, the document was signed by JSC Atomenergoprom Director Kirill Komarov

Photo by IAA PortNews

2021 July 23 – ROSATOM and Aeon Corporation plan to create a strategic partnership in the field of Arctic shipping. ROSATOM-subsidiary JSC Atomenergoprom and Aeon Infrastructure Corporation LLC have concluded a corresponding preliminary agreement.

According to IAA PortNews correspondent, the document was signed by JSC Atomenergoprom Director Kirill Komarov and Aeon Infrastructure Corporation LLC’s Chairman of the Board of Directors Roman Trotsenko. The signing ceremony took place as part of the ROSATOM-organised event “Arctic Day.”

The parties plan to implement joint Arctic shipping projects. Their cooperation will entail the construction of vessels no lower than ice-class Arc5 and tugboats no lower than Arc6/Icebreaker6 for the delivery of both general cargo and the products of the Syradasay coal deposit from the Taymyr Peninsula. The project for the development of the Syradasay coal deposit is being implemented by Aeon Corporation-subsidiary Severnaya Zvezda LLC.

ROSATOM is a global technological leader, with capacities in the nuclear sector and beyond, and business partners in 50 countries. As one of the pioneers of the nuclear industry, ROSATOM has traditionally been at the forefront of the international nuclear market, including nuclear power plant construction, uranium mining and enrichment, and nuclear fuel fabrication and supply. Today, thanks to the unique expertise accumulated over 75 years, the company is conquering the markets of new promising high-tech products. Hydrogen energy, energy storage, nuclear medicine, wind energy, composite materials, logistics business, environmental solutions – in total, more than a hundred new businesses, which cement Rosatom’s standing among the leading tech giants.

Severnaya Zvezda LLC is implementing a project to create a coal mining complex at Syradasayskoye – one of the largest coal deposits in the world – which is located 110 km southeast of the village of Dikson in the Taymyr Dolgano-Nenets district of Russia’s Krasnoyarsk Territory. The field is estimated to have 5 billion tonnes of coal. The project entails the development of a coal mine with a capacity of up to 10 million tonnes per annum, the construction of an enrichment plant, and the installation of all necessary infrastructure, including the new Yenisei seaport. The project is being implemented using the latest technologies to minimise environmental risks and the anthropogenic impact on the territory. A comprehensive assessment determined that the project’s implementation would not threaten the environmental safety of Russia’s Arctic zone.


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ROSATOM and Nornickel sign supplementary agreement on icebreaker accompaniment

ROSATOM and Nornickel have signed a supplementary agreement to complement their 2018 cooperation agreement. The additional agreement will last through 2030 – a testament to the strategic partnership between the two companies. In light of mutual interests, the parties intend to cooperate in ensuring uninterrupted and environmentally friendly integrated icebreaker accompaniment for vessels navigating through

The logo of Russia’s miner Norilsk Nickel (Nornickel)

ROSATOM and Nornickel have signed a supplementary agreement to complement their 2018 cooperation agreement. The additional agreement will last through 2030 – a testament to the strategic partnership between the two companies. In light of mutual interests, the parties intend to cooperate in ensuring uninterrupted and environmentally friendly integrated icebreaker accompaniment for vessels navigating through the Northern Sea Route.

According to IAA PortNews correspondent, the supplementary agreement was signed by ROSATOM’s First Deputy Director General and Director for Development and International Business Kirill Komarov and Nornickel’s Senior Vice President and Head of Strategy and Strategic Projects Management, Logistics, and Resource Support Sergey Dubovitsky. The signing ceremony took place as part of the ROSATOM-organised event “Arctic Day.”

The document entails an expansion of the parties’ cooperation as Nornickel plans to increase its cargo traffic along the Northern Sea Route. The metals and mining company is increasing its traffic volume to facilitate the timely implementation of its strategic investment projects in the Norilsk industrial region. These projects include the company’s primary environmental initiative – the Sulfur Programme.

In particular, the agreement expands the annual window during which Rosatom provides Nornickel with vessel accompaniment services. At present, Taymyr and Vaygach-type nuclear-powered icebreakers accompany Nornickel vessels from January to May. Under the new agreement, the period of vessel accompaniment will be expanded to November-May.

“For several decades, ROSATOM and Nornickel have successfully cooperated in providing cargo transportation with icebreaker accompaniment along the Northern Sea Route. The extension of their agreement until 2030 clearly demonstrates that the profitability of projects implemented in the Arctic directly depends on the efficient operation of [Russia’s] nuclear icebreaker fleet. Over the coming years, we will [continue] to provide our partners with a reliable service at a transparent price,” said Kirill Komarov.

“Nornickel has historically used the Northern Sea Route for cargo transportation and is one of its oldest users. Today, the company is at a new stage of its development. Our new ambitious projects to modernize production, improve the environmental situation, [and] renovate Norilsk, require not only largescale investments, but also reliable infrastructure, including transport. The nuclear icebreaker fleet, which has been our long-term and trustworthy partner for more than half a century, will become a direct participant in these changes. We are pleased by the expansion of our cooperation with Rosatom and are confident that this will have a positive impact not only on the realisation of Nornickel’s plans, but also on the implementation of [Russia’s] state programme for the development of the Arctic,” said Sergey Dubovitsky.

As part of this new agreement, the parties intend to conclude “take-or-pay” contracts in the future on the provision of vessel accompaniment services using project 22220 nuclear icebreakers for a period of 15 years for a fixed price in Russian roubles and annual adjustments to reflect the previous year’s inflation, with the option of extending said contracts for two ten-year periods.

Within the framework of the parties’ cooperation, FSUE Atomflot, Rosatom subsidiary in charge of operation and maintenance of the Russian nuclear icebreaker fleet, plans to operate Nornickel’s future dual-fuel diesel-LNG icebreaker. The parties also intend to look into the possibility of jointly building an icebreaker to replace the retiring Taymyr/Vaygach-type icebreaker, as well as a fleet of port icebreakers to replace Nornickel’s port icebreaker Dudinka.

Rosatom is a global technological leader, with capacities in the nuclear sector and beyond, and business partners in 50 countries. As one of the pioneers of the nuclear industry, Rosatom has traditionally been at the forefront of the international nuclear market, including nuclear power plant construction, uranium mining and enrichment, and nuclear fuel fabrication and supply. Today, thanks to the unique expertise accumulated over 75 years, the company is conquering the markets of new promising high-tech products. Hydrogen energy, energy storage, nuclear medicine, wind energy, composite materials, logistics business, environmental solutions – in total, more than a hundred new businesses, which cement Rosatom’s standing among the leading tech giants.

This article was originally posted on portnews.ru


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Nornickel set to expand and upgrade Dudinka port

Port of Dudinka. Image source: Facebook There is a plan to build up the port’s capacity for handling the company’s own cargoes by 0.7-1 million tonnes per year Nornickel is going to expand and upgrade the port of Dudinka in the Krasnoyarsk Territory, IAA PortNews correspondent cites Sergey Dubovitsky, Senior Vice President for

Port of Dudinka. Image source: Facebook

There is a plan to build up the port’s capacity for handling the company’s own cargoes by 0.7-1 million tonnes per year

Nornickel is going to expand and upgrade the port of Dudinka in the Krasnoyarsk Territory, IAA PortNews correspondent cites Sergey Dubovitsky, Senior Vice President for Strategy, Strategic Projects, Logistics & Procurement, Nornickel, as saying at the Arctic Day conference in Saint-Petersburg.

According to the speaker, the company is set to invest up to RUB 14 billion in the port infrastructure expansion including RUB 8 earmarked for construction of two marine and two river berths, RUB 3.5 billion – for acquisition of five cranes and other handling equipment, RUB 3 billion – for the development of storage infrastructure and utilities.

Besides, there is a plan to build up the port’s capacity for handling the company’s own cargoes by 0.7-1 million tonnes per year including 0.3-0.5 million tonnes of seaborne freight which will require more additional investments of up to RUB 26 billion.

RUB 14 billion is to be invested into fast replacement of 35 portal cranes by 2027, RUB 5 billion – into development of rear yards and special port equipment, RUB 2.5 billion into accelerated reconstruction of two marine terminals. RUB 4.5 billion is to be invested in replacement 10 mobile and one portal crane, overhaul of equipment and infrastructure, container fleet etc.

“We consider essential investments in this port without parallel in soviet times. Investments under our basic programme for our own needs alone are estimated at up to RUB 26 billion with building up this port’s capacity by about one third”, said Sergey Dubovitsky.

This article first appeared on portnews.ru


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