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Canada urges calm in response to Trumps NAFTA threats as talks continue

VANCOUVER — Canada’s international trade minister is urging calm in response to renewed threats from Donald Trump to tear up the North American Free Trade Agreement, which the U.S. president described Sunday as the “worst trade deal ever made.”Francois-Philippe Champagne defended the 23-year-old pact between the United States, Canada and Mexico as one of the most fruitful trading relationships in the history of mankind.“We just have to make sure we don’t react to every news, comment, remarks,” Champagne told members of the Vancouver business community at a B.C. Chamber of Commerce luncheon.“Because at the end, every time I sit down with them and my counterpart (U.S. Trade Representative) Robert Lighthizer, I look at numbers. I don’t look at the comments. I look at the numbers. And the numbers speak for themselves.”Negotiations around NAFTA began earlier this month, and a second round of talks is scheduled to begin at the end of the week.Trump took aim at Canada over the weekend in a tweet that said both Mexico and Canada were “being very difficult.”Champagne said there is nothing worrisome about the push to modernize NAFTA, which has happened 12 times since the deal came into effect in the 1990s.“We want a chapter on the environment. We want a chapter on labour. We want a chapter on gender equality,” he said.“It’s 2017, so it’s about time we used these trade agreements to promote the best standards around the world and make sure trade is fair and balanced.”The American and Canadian economies are highly integrated, he said, with about $2 billion in goods and services crossing the border every day, along with 400,000 people.During his speech, Champagne also lauded the Comprehensive Economic and Trade Agreement between Canada and the European Union, which he said would slash more than 98 per cent of transatlantic tariffs when the deal comes into effect on Sept. 22.“Canada will become the only country that is not located physically in Europe to have the greatest market access in Europe ever,” Champagne said.The deal will give Canadian business access to 510 million consumers in Europe, as well as $3.3 trillion in public procurement.— Follow @gwomand on Twitter read more

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Hitachi EX5500 excavators setting records at Yanacocha

first_imgTwo Hitachi EX5500-5 face shovel hydraulic excavators achieved a high performance milestone in October 2013 at the Yanacocha gold mine in Peru by surpassing 100,000 operating hours. Both EX5500-5 machines – the predecessor to Hitachi’s current EX5600-6 model – were delivered 14 years ago and have been working at numerous pits in the 251 km2 open pit mine ever since. The first machine passed the 100,000 h mark on October 7, 2013, and the second only 22 days later on October 29, 2013.Yanacocha, which is owned by Newmont Mining, is one of the largest gold mines in the world. It is situated roughly 30 km north of Cajamarca, high in the Andes, where extreme conditions exist. The material at the mine is abrasive, weather can be a challenge and at an altitude of 3,500 to 4,000 m above sea level, close attention needs to be paid to the engines.“The longevity of these machines, particularly in the aggressive conditions that exist in Yanacocha, is a testament to the reliability, durability and efficiency of Hitachi excavators,” said Craig Lamarque, Division Manager, Hitachi. “When Hitachi builds something, they build it right. That’s why you can rely on our focused line of excavators and haulers.” Both machines were serviced at the mine in Yanacocha. In addition to normal maintenance, such as daily inspections, filter and oil changes, and hose inspections, the Yanacocha team changed components by condition or by hours. In addition, the swing bearings were changed every 20,000 to 40,000 hours and major structural components, such as the boom, arm, side frames and main frame, were changed or repaired upon inspection.last_img read more

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