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TAC 2020-One Toronto Aims for In-person Attendance

With the opening day of TAC 2020-One Toronto less than 11 weeks away, the Organizing Committee is gearing up to welcome the tunnelling industry to the Hilton Toronto on October 19. We’re optimistic that the planned in-person conference can proceed and that Canada’s extensive Covid-19 vaccine uptake will help counter the Delta variant challenges we currently face.

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Lundin Mining Announces Agreement to sell remaining Specialty Cobalt Business

Lundin Mining Corporation announced that its 24% owned subsidiary, Koboltti Chemicals Holding Limited, has entered into an agreement to sell its specialty cobalt business based in Kokkola, Finland to Jervois Mining Limited.  This business was no longer strategic to Lundin Mining following the sale of its interests in Tenke Fungurume in 2016 and the cobalt refinery in Kokkola in 2019.

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Hydrogène Québec welcomes Hatch as new Executive Member

Hydrogène Québec is the provincial branch of the Canadian Hydrogen and Fuel Cell Association (CHFCA) in Québec and a public-private partnership with the mandate to promote the commercialization of hydrogen energy and educate the public about the benefits of hydrogen and fuel cell technologies. The branch also works to motivate stakeholders to invest in hydrogen and understand its economic opportunities in the future of mobility and infrastructure. Earlier this year, Hatch announced its membership in the CHFCA.

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Canadian Pacific and Kansas City Southern agree to combine to create the first U.S.-Mexico-Canada Rail Network

Canadian Pacific Railway Limited (“CP”) and Kansas City Southern (“KCS”) announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$29 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $275 per share, representing a 23% premium, based on the CP and KCS closing prices on March 19, 2021 (and $270 per share, representing a 26% premium3, based on the respective CP and KCS 30-day volume weighted average prices (“VWAP”)).

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