RBC ranked #3 in the global “Top 25 Most Diverse & Inclusive Companies” in the 2019 Refinitiv Diversity & Inclusion Index

RBC ranked #3 in the global “Top 25 Most Diverse & Inclusive Companies” in the 2019 Refinitiv Diversity & Inclusion Index. The D&I Index ranks over 7,000 listed companies with environmental, social and governance (ESG) data, based on a composite of metrics collected from publicly available information sources that define diverse and inclusive workplaces.

“We know diverse and inclusive companies are more successful,” said Dave McKay, CEO of RBC. “They drive greater innovation and growth, attract top talent, foster employee engagement, better represent the communities in which we live and work, and deliver stronger results. We also know that being a diverse and inclusive company takes commitment. It requires leadership to speak up and have uncomfortable conversations needed to truly drive change. Making our workplace a more inclusive and welcoming place has always been core to RBC.”

The D&I Index identifies the top 100 publicly traded companies globally with the most diverse and inclusive workplaces, as measured by 24 metrics rolling up into one of the four pillars: diversity, inclusion, people development and controversies.

“Congratulations to the 2019 D&I Index Top 100 Most Diverse & Inclusive Organizations Globally. We are pleased to recognize Royal Bank of Canada’s #3 ranking and their demonstrated commitment to diversity and Inclusion across their organization,” said Debra Walton, Chief Revenue Officer at Refinitiv. “We are proud that our D&I index is being used as a guide to help firms across the globe create a workforce of diverse teams. We are equally proud that the D&I Index continues to serve as key driver for investors and analysts seeking to identify the companies that are getting this right, and helping them to make investment decisions that align with their values and the bottom line.”

RBC strives to remain a diversity leader in Canada and to continue to strengthen our diversity & inclusion initiatives in the United States and internationally. We believe the best people are attracted to and thrive in inclusive settings.

Pacific Rim Cobalt Receives Positive Mineral Process Recovery Test Results Averaging 99.6% Nickel and 98.4% Cobalt

Pacific Rim Cobalt Corp. (the “Company” or “Pacific Rim Cobalt”) (CSE: BOLT) (OTCQB: PCRCF) (FRANKFURT: NXFE) is pleased to announce positive results from mineral process recovery testing on material from its Cyclops nickel-cobalt project as reported by its independent extractive technology and mineral process development partner (the “Partner”).

The first phase of the detailed bench-scale Program has been completed in order to evaluate separation technology on samples of materials from various geological profiles from the company’s Cyclops nickel-cobalt project.

Samples were leached using the Partner’s proprietary mixed chloride technology, i.e., the mixture of hydrochloric acid (HCl) and magnesium chloride (MgCl2). Results of the leach tests showed that the mixed chloride leach technology was effective in the recovery of value elements, namely nickel, and cobalt from the three laterite samples tested.

Leach extraction results were as follows:

  • Sample 1: Recoveries of nickel and cobalt were 99.2% and 99.3% respectively
  • Sample 2: Recoveries of nickel and cobalt were 99.8% and 97% respectively
  • Sample 3: Recoveries of nickel and cobalt were 99.8% and >99% respectively

The second phase of this program is now in progress with the preparation of bulk solutions for subsequent solvent extraction tests for the recovery of nickel, cobalt and iron under the conditions established from the phase 1 leach program.

The ultimate aim of the detailed bench-scale work is the:

  • Separation of nickel, cobalt and iron by solvent extraction along with a nickel and cobalt product recovery to produce battery-grade metal salts at bench scale
  • Provision of data for the commissioning and operation of a pilot plant

The latest results are part of an integrated program being implemented by the Company to develop a critical path for processing nickel and cobalt laterites. The Development Program consists of the following components:

Evaluation of process technology

  • Process feasibility studies
  • Design, construction and operation of pilot plant
  • Design, construction and operation of demonstration-scale plant

Program components include the following:

Scoping test program; location Canada – complete

  • Confirmed with positive results the amenability of mixed chloride leach technology on 2 samples of Indonesian laterite

Bulk sampling – complete

  • Excavation and sampling of test pits from the Company’s Cyclops project resulted in a bulk sample of 285 kg for detail bench-scale work and was air-freighted to Canada

Detailed bench-scale test work – phase 1 complete

  • Define optimal leach conditions
  • Establish separation of nickel, cobalt and iron via solvent extraction process
  • Obtain pregnant solutions for the recovery of nickel, cobalt and iron
  • Develop process design criteria for pilot plant

Pilot Plant

  • Location Canada
  • Produce high purity strip solutions suitable for production of nickel and cobalt MHP and nickel and cobalt sulphates
  • Establish design criteria for a demonstration plant
  • Produce nickel and cobalt products meeting market specifications
  • Ensure tailings and effluents meet environmental guidelines

Demonstration plant

  • Location Indonesia
  • Evaluation of technical and economic aspects of a commercial-scale plant
  • Demonstrate ability to produce a product within market specifications
  • Provide product for market evaluation
  • Establish security of long-term product supply through optimum plant availability
  • Establish design criteria for a commercial-scale plant

National Instrument 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Mr. Garry Clark, PGeo, independent director of Pacific Rim Cobalt and a Qualified Person as defined by National Instrument 43-101.

Maple Leaf Foods Names Casey Richards Senior Vice-President of Marketing and Innovation

Maple Leaf Foods, Inc. (“Maple Leaf” or the “Company”) (TSX: MFI) today named Casey Richards Senior Vice-President of Marketing and Innovation.

Maple Leaf Foods Inc. (CNW Group/Maple Leaf Foods Inc.)

Richards will assume overall marketing leadership for Maple Leaf’s family of brands and will lead the company’s innovation efforts, while continuing to oversee the pastry business. He will also join the Maple Leaf Foods Senior Leadership Team.

Richards most recently served as the Company’s Vice-President and General Manager – Pastry, a role he assumed in 2017 following two decades of marketing and general management experience with leading U.S. food companies. Richards is a highly accomplished brand marketer with a strong commercial acumen and a demonstrated track record of success in strategy, brand building, innovation and general management.

“Since joining Maple Leaf Foods, Casey has shown remarkable leadership agility within our business,” said Curtis Frank, Chief Operating Officer, Maple Leaf Foods. “His deep and broad experience in general management and consumer packaged goods marketing will be a valuable asset in supporting the execution of our strategic blueprint. Casey will also play a critical role in helping Maple Leaf Foods realize our ambition of becoming the most sustainable protein company on earth.”

Prior to joining Maple Leaf Foods, Richards led ConAgra Foods Marie Callender’s brand to become ConAgra’s largest business with over $1B in retail sales. He has also held key management roles working on iconic brands at General Mills and Nestle, including Cheerios, Totino’s, and Green Giant.

Richards is a graduate of Brigham Young University, where he earned a Bachelor of Science in Business Management and Marketing. In addition, he holds a Master of Business Administration from the University of Chicago Booth School of Business, where he graduated at the top of his class.


High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the KushBar retail store located in Unit #360 at 6805 48th Avenue in Camrose (the “KushBar Store”) received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and has begun selling recreational cannabis products and accessories. To celebrate the launch of this exciting new retail brand, grand opening festivities will take place at the KushBar Store on Saturday, September 14th.

High Tide currently has 25 branded locations selling recreation cannabis products across Canada, inclusive of the KushBar Store. “Bringing this new retail brand to market with our joint venture partner is an exciting development for our company and our customers,” said Raj Grover, President and Chief Executive Officer of High Tide. “The KushBar retail experience offers a modern alternative to the Alberta market, with more locations expected to be opened in the near future,” added Mr. Grover. The Company will soon have 27 branded retail cannabis locations across Canada, barring any changes to the current rate of licensing by AGLC.

The remaining Canna Cabana and KushBar stores needed to achieve the AGLC’s maximum of 15% market share are currently under various stages of development and construction. Outside of Alberta, High Tide currently has a Canna Cabana retail cannabis store in Swift Current, Saskatchewan, along with 3 branded locations in Hamilton, Sudbury and Toronto, Ontario.

Bombardier Transportation appoints John Saabas as Head of Engineering and Technology

  • Saabas to assume leadership of global technology and product development activities

Mobility solution provider Bombardier Transportation today announced that John Saabas has been appointed the new Head of Engineering and Technology. Mr Saabas will report directly to Bombardier Transportation President, Danny Di Perna and will lead the company’s global technology and product development activities. He will also work closely with Bombardier Transportation’s senior leadership team to improve productivity, project execution and customer satisfaction.

Danny Di Perna, President, Bombardier Transportation, said, “John is a proven leader with an impressive track record of success. He brings us more than 30 years of engineering and manufacturing experience and shares our values, including operating with the highest ethical standards, fully engaging employees and delivering on customer commitments.”

Mr Saabas joins Bombardier from Pratt & Whitney Canada, a world leader in the design, manufacture and service of aircraft engines and auxiliary power units, where he has been President since 2009. During his 35-year career with Pratt & Whitney, Mr Saabas held numerous leadership positions in Engineering, Manufacturing, Operations and Procurement. He also earned a PhD in Aerodynamics from McGill University and holds both a Master’s and Bachelor’s degree in Mechanical Engineering from the University of Waterloo in Ontario, Canada.

B2Gold and AngloGold Ashanti to Amend Ownership and Management of the Gramalote Project, Colombia

B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce that the Company and AngloGold Ashanti Limited (“AngloGold”) have agreed in principle to terms relating to the parties’ respective ownership percentages and future management of the joint venture on the Gramalote gold project in Colombia. The companies have agreed that B2Gold will sole fund the next $13.9 million of expenditures on the Gramalote Project (the “Sole Fund Amount”), following which B2Gold will hold a 50% ownership interest in the joint venture (B2Gold currently holds a 48.3% interest). Under the amended terms, AngloGold and B2Gold will each hold a 50% interest and B2Gold will start an immediate transition to become manager of the Gramalote joint venture by the end of 2019, conditional upon the parties entering into an amended and restated shareholders agreement. The parties will continue to have equal representation on the joint venture management committee. Following the expenditure of the Sole Fund Amount, each joint venture partner will fund its share of expenditures pro rata.

B2Gold and AngloGold have also agreed on a budget for the feasibility study on the Gramalote Project up to $40 million for the remainder of 2019 and through the end of 2020. This budget will fund 42,500 metres of infill drilling and 7,645 metres of geotechnical drilling for site infrastructure. The Company currently expects to complete all drilling by the end of May 2020. In addition, the budget will fund feasibility work including an updated mineral resource, detailed mine planning, additional environmental studies, metallurgical test work, engineering and detailed economic analysis.

The Company expects that the Gramalote joint venture will continue to advance resettlement programs, establish coexistence programs for small miners, work on health, safety and environmental projects and will continue to work with government and local communities on social programs. B2Gold, as manager, plans to continue the feasibility work into 2020 with the goal of completing a final feasibility study by December 31, 2020. Due to the extensive testing programs that have been completed and the high level of engineering performed in 2017 for an internal pre-feasibility study, the engineering work remaining to get to final feasibility is not extensive. The main work program for feasibility is infill drilling to confirm and upgrade the Inferred Mineral Resources to Indicated status.

The Gramalote Project is located 230 kilometres (“km”) northwest of Bogota and 80 km northeast of Medellin in central Colombia. Based on the recent remodeling of the Gramalote geologic resource, the Company believes that the Gramalote Project has the potential, subject to completion of infill drilling scheduled to commence in November 2019 and a final feasibility study expected by the end of 2020, to become a large low-cost open pit gold mine. The Gramalote Project has several key infrastructure advantages, including:

  • Reliable water supply – high rainfall region
  • Adjacent to a national highway, which connects to a major river and seaports
  • Proximity to the national electricity grid with ample low-cost power and stable record of hydroelectric power
  • Technically capable workforce within Colombia

The Environmental Impact Study and Project Implementation Plans for the Gramalote Project have been fully approved by the National Authority of Environmental Licenses of Colombia. Due to the desired modifications to the processing plant and infrastructure locations, a Modified Environment Impact Study and a Modified Project Implementation plan were submitted and are currently in the final approval process. If the final economics of the feasibility study are positive and the joint venture makes the decision to develop Gramalote as an open-pit gold mine, B2Gold would utilize its proven internal mine construction team to build the mine and mill facilities.

Tom Garagan, Senior Vice President of Exploration for B2Gold, has acted as the qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this news release.