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The fourth quarter 2016 Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association (PTDA) shows power transmission/motion control (PT/MC) distributor sales declined 3.6 per cent from the 3Q16 level, a typical decline for that time period. However, leading indicators for PT/MC products suggest sales will rise through 2017 and 2018 before declining in 2019 as the macro-economy heads into a mild recession.
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Ritchie Bros.' Toronto auction site smashed its sales record for the third time in 12 months, selling CA$45+ million (US$32+ million) of equipment and trucks over two days (May 10 – 11).
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The BC mining industry is cautiously optimistic as prices of key metal and resource commodities either rose or stabilized in 2016. The same trend continued in Q1 2017. Net mining revenues came in at $7.3 billion in 2016 up from $6.3 billion in 2015, driven by an increase in gross mining revenue and a decrease in costs for smelting, refining charges, and freight costs.
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The Canadian Mining Hall of Fame (CMHF) has issued its 2018 Call for Nominations. Each year, the CMHF reaches out through its broad network in search of outstanding individuals for consideration by the Board for induction into the Canadian Mining Hall of Fame at the annual induction celebration.
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Nadine Crauwels has been appointed as the new president of Sandvik Coromant and will be responsible for continuing to develop the company as the leading supplier of tools, tooling solutions and know-how to the manufacturing industry.
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Atlas Copco, a leading provider of sustainable productivity solutions, has decided that Epiroc will be the name of the company that the Group will dividend out in 2018 provided shareholder approval.
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Birks Group, a leading operator of luxury jewelry stores, has unveiled the first 200 diamonds from Quebec's Renard diamond mine, owned by Stornoway Diamond Corporation. Located 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Quebec. The Renard mine is Quebec's first diamond mining operation.
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Lincoln Electric’s new CrossLinc Remote allows operators to adjust welding settings at the arc, including current for stick and TIG welding or voltage on select wire feeders.
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SKF has introduced the Lincoln 12-volt, lithium-ion PowerLuber. Developed for quick, effortless application of lubricant, this grease gun is suitable for general maintenance and industrial applications.
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FLO Components Ltd. is authorized to sell and install RPM Industries LLC’s complete line of engine pre-lubrication and fluid evacuation technologies. The heart of the new product line is the QuickFit system, a highly efficient oil-change tool for power generators that enables a technician to easily purge oil from the filters, evacuate the used oil and refill the Genset with filtered oil in less than 20 minutes, from a single connection, without taking too much time, risking unnecessary injury or environmental fines.
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Date: June 8 – 9, 2017
Location: Chicago, Ill.
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Date: September 25 - 28, 2017
Location: Saskatoon, Saskatchewan
» More Info
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