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A publication of The Canadian Council for the Please click on each headline for this week's top stories. Trade Missions, Seminars and Other Events Canadian Council for the Americas 1. Lunch Presentation by Mr. Michael Lee Chin, Chairman of AIC Ltd. Toronto - Canada 2. Business Opportunities in Emerging World Markets 4. Official Announcement of the Durham College Panama Campus 5. Pre-Global Petroleum Show, June 6-7, 2008 Montreal - Canada 6. The International Economic Forum of the Americas - The Great Transition: Mastering Change Uruguay, Argentina and Chile 7. Canadian Energy Mission to Uruguay, Argentina and Chile Guanajuato - Mexico 8. NASCO Conference 2008: Moving North America Forward Monterrey - Mexico 9. Women's Trade Mission to Monterrey, Mexico October 21 - 24, 2008 Bogotá - Colombia 10. 2nd Andean and Central America Energy Congress 2008 Special Announcements 1. Secretary of State Guergis to Visit El Salvador, May 12-14, 2008 Regional News 2. IDC: 64% of Latin American information workforce connected 3. Sherritt to Begin Boca Expansion Procurement this Quarter - Cuba 4. Crystallex Falls as Venezuela Shuts Door on New Gold Mines Trade Missions, Seminars
and Other Events
Deadline for registrations is May 16, 2008 DFAIT Briefing and Round Table Discussion with Canadian Trade Commissioners Posted Throughout the Caribbean Region The Monday, May 26, 2008 8:30 Registration Canadian Trade Commissioner Attending Business Opportunities
If you are available to join us for this briefing and round table on the Please join Durham College President, Leah Myers, for the offical announcement of the Durham College Panama Campus. Hon. José Herrán Lima, Ambassador of Canada to Panama, and Hon. Romy Vásquez de González, Ambassador of the Republic of Panama to Canada, will be joining the event to announce Durham's College remarkable steps forward in creating significant international partnerships. Wednesday, May 28, 2008 For more information contact call (905) 721-2000 ext. 3602or by e-mail panama@durhamcollege.ca Click here to download the invitation The International Trade Branch, Ministry of Economic Development and Trade is pleased to invite you to attend the pre-Global Petroleum Show in Toronto. The Ministry of Economic Development and Trade (MEDT), in partnership with Foreign Affairs and International Trade Canada (FAITC), is bringing together Ontario oil and gas suppliers and buyers at the pre-GPS in Toronto on June 6-7 2008 June 6-7, 2008 Deadline for registrations is May 30, 2008 Click here to download the invitation Montreal - Canada The International Economic Forum of the The International Economic Forum of the Americas/Conference of Montréal has as its principal mission the promotion of wide-ranging and completely open discussion of the major international economic issues. It also aims at facilitating the creation of contacts between representatives of businesses, governments and international agencies as well as members of the academic world and civic society, thereby encouraging international exchanges. The 14th edition will be held under the general theme of The Great Transition: Mastering Change Date: June 9 - 12, 2008 Click here for more information about the conference Uruguay, Argentina and Chile CANADIAN ENERGY MISSION TO URUGUAY, ARGENTINA AND CHILE June 8 - 13, 2008 The International Trade Missions Division of Foreign Affairs and International Trade Canada (DFAIT) is For more information: Contact Karen Sleiman at 613-996-8546 e-mail karen.sleiman@international.gc.ca or Pierre Chalifour at 613-944-1227 e-mail pierre.chalifour@international.gc.ca THE REGISTRATION DEADLINE IS MAY 16, 2008 Guanajuato - Mexico NASCO
Conference 2008: Moving Guanajuato, Mexico Join more than 400 transportation, logistic and economic development specialists from across Mexico, United State and Canada at this dynamic annual conference in Mexico which will focus on key trade and transportation issues and opportunities for improved cooperation and economic partnership among the three North American countries joined by the International Mid-Continent Trade and Transportation Corridor ( NASCO Corridor) For more complete
information on the conference and/or to register please visit www.nascogto.com Gustavo Zentner Monterrey - Mexico Organization of Women in International Trade Join Trade Mission to Mexico Deadline: June 30, 2008 (The earlier you register, the better, to ensure maximum time to plan most effective business matching for you.) Click here to view a complete invitation to the event. For information please contact: Gail Morris Bogotá - Colombia July 9th to 11th For more information visit: www.acaec2008.com Special Announcements Sherritt to Begin Boca Expansion Procurement this Quarter - Cuba “ http://geo.international.gc.ca/cip-pic/geo/elsalvador-en.aspx Canadian International Development Agency http://www.acdi-cida.gc.ca/elsalvador-e
Excerpt from original article: "… The [European Investment Bank] EIB and the [Inter-American Development Bank] IDB agreed on signing, jointly with the Central American Bank for Economic Integration and the Nicaraguan Government, a cofinancing plan for a total investment cost of more than US$118 millions on a program supporting the electricity sector in the country, with a strong emphasis on renewable energy. The program specifically aims at investments in transmission, transformation, and rehabilitation of hydroelectric generating plants. This project will have important positive socio-environmental impacts, benefiting to all users of electrical services within the country. …" For the full story, click here IDC: 64% of Latin American information workforce connected Excerpt from original article: "Some 64% of the information workforce is either hyperconnected or increasingly connected in Latin America, according to a report by consultancy IDC, commissioned by Canadian equipment supplier Nortel Networks. The Latin American market was the top performer in the world at 64%, followed by Asia Pacific coming in at 59%, Europe at 50% and North America at 44%. … Participants of the study were at least 18 years old, fully employed, used a PC at work and a PDA or mobile phone for business or personal activities. Of the participants sampled, 379 were from Brazil, Mexico and Argentina, the three countries representing Latin America in the survey. The study suggests that although the region has traditionally been known as a latecomer in terms of technology adoption, Latin America's workforce is now showing a willingness to leapfrog its way to a digital information society, Romina Adduci, IDC's telecom research & consulting director for Latin America, said upon presenting the results. …" For the full story, click here. Sherritt to Begin Boca Expansion Procurement this Quarter - Cuba Toronto-based Sherritt expects to begin procurement this quarter of the major components of a 150MW expansion at the Boca de Jaruco thermo plant in Cuba, company CFO Dean Chambers said in a webcast. Pricing for most of the major components has been confirmed and should be finalized over the next several weeks.
The Cdn $247mn (US$246mn) combined cycle expansion is due to come online by late 2010 or early 2011.
The expansion will increase Sherritt's capacity in Cuba to 526MW. The Canadian firm operates in the Caribbean country's power sector through JV Energas, which includes Cuba's respective oil and power companies Cupet and UNE.
Energas also operates plants Varadero and Puerto Escondido, which along with Boca de Jaruco currently total 376MW.
Power production reached 597GWh in January-March, up 22.6% from 1Q07 due to a 65MW expansion in mid-2007.
Power production in 2Q08 is expected to reach 565GWh, Chambers said. Output this year is projected to total 2,400GWh.
Excerpt from original article: Venezuela on Thursday shut the door to new gold projects and threatened other mining and logging concessions, in a new step by left-wing President Hugo Chavez to tighten control of natural resources. The ban on mining in the mineral-laden Imataca Forest Reserve forest reserve and end to permits for open pits was a blow to Crystallex and Gold Reserve. Crystallex closed down 16 cents, or 16%, at 84 cents on the Toronto Stock Exchange. Gold Reserve was down 20 cents, or 9%, at $1.96. The Canadian companies have long been seeking environmental permits to exploit their concessions in the reserve. Environment Minister Yuviri Ortega said the South American nation also was revising all mining and timber concessions. " Venezuela will deny environmental permits for open-pit mine exploitation," Ortega told Reuters. "Neither private or public companies will for now explore Imataca's gold." Imataca Forest Reserve, in the remote south-east of the Venezuela, contains what is believed to be one of Latin America's largest gold deposits. This newsletter has been brought to you in part by
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is provided as an information service to our members and key contacts. It is
designed to provide the most up-to-date trade information from a variety of
sources. The information we feature does not necessarily reflect the
Council’s opinion on a given international trade issue. Although we
endeavour to disclose accurate and timely information, there can be no
guarantee that such information is accurate as of the date it is received or
that it will continue to be accurate in the future. The Canadian Council for
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