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Printer-versionKongsberg Maritime Simulation concluded a $1 million refit of the largest simulated navigation bridge in the world at the end of 2006. The simulator is located at the Center For Marine Simulation (CMS) at Memorial University in St.John's, Newfoundland.
Blackstone and its joint venture partner Sulfidmalm A/S (a wholly owned subsidiary of Xstrata Nickel) and Xstrata Nickel have come to terms under which Blackstone will acquire 100% of the outstanding shares of Sulfidmalm for a total of US $15.5 million. Sulfidmalm's main assets are the interest it holds in the Norway Option and Joint Venture projects with Blackstone.
Hydro has agreed to sell its 49-percent share in the Canadian company Meridian Technologies Inc. to a consortium led by the Norwegian entrepreneur Jostein Eikeland's Swiss holding company Estatia AG. The sale marks another step in the ongoing restructuring of Hydro's downstream aluminium portfolio.
OZ, a leading Canadian-based consumer mobile messaging solution provider, announced this week that Telenor Group has selected the OZ Mobile IM Solution to power its end-to-end mobile messaging services.
More than NOK 6 million has been allocated to 48 projects involving guest researcher grants for Norwegian researchers travelling to the USA or Canada, or North American researchers coming to Norway. This is the outcome of the 2006 application round for the Leiv Eiriksson mobility programme.
The Honourable Gordon O'Connor, Minister of National Defence and the Honourable Maxime Bernier announced that Canada's aerospace and defence industry will have access to billions of dollars in industrial opportunities following the signature of Memorandum of Understandings regarding Canada's participation in Joint Strike Fighter (JSF) Program.
The Qatalum project, a 50% joint venture with Qatar Petroleum and Hydro, to construct a new primary aluminium plant in Mesaieed Industrial City, Qatar, is progressing according to schedule. Qatar Petroleum and Hydro have signed a key contract with the Canadian company SNC-Lavalin International Inc, for the construction of the main buildings and related project infrastructure.
The Honourable Loyola Hearn, Canada's Minister of Fisheries and Oceans, visited Norway on November 14th and 15th. The visit underlined the fact that Canada and Norway are close allies on fisheries issues.
A budgetary surplus of CAD 13,2 billion was achieved for fiscal year 2005-2006 according to the Government of Canada's Annual Financial Report released in September. According to OECD estimates for the total government sector, Canada was the only G7 country to record a surplus in calendar year 2005.
Hydro’s board of directors has decided to close the Bécancour, Québec-based plant, with its 380 employees, during the first half of 2007. The timing of the closure is in connection with the windup of a 10-year supply contract with General Motors. Hydro has not succeeded in finding a potential buyer with the financial strength to provide the plant and its employees with reasonable security for the future.