Around the North

Tim Hudak, who once served as the Minister of Northern Development and Mines under the Mike Harris government, claimed the leadership position of the Progressive Conservative Party of Ontario during the weekend of June 27.

With the Jan. 1, 2011 deadline for Canadian companies’ transition to International Financial Reporting Standards (IFRS) looming on the horizon, a new survey indicates many companies will have a race to the finish line.

MPH Ventures Corp.

NDP forestry critic John Rafferty, MP for Thunder Bay–Rainy River, said the Conservative government’s $1 billion forestry assistance plan is coming too late to reverse the industry’s 55,000 job losses and will not offset the damage done to the Canadi

Thunder Bay-Superior North MPP Michael Gravelle will lead the new Ministry of Northern Development, Mines and Forestry.

Lorne G. Crawford of Dryden was appointed by Canada's Transport Minister, John Baird, to the Thunder Bay Port Authority board of directors for a two-year term on June 22.

Power distribution sold in Algoma area Brookfield Renewable Power has agreed to sell its Ontario electric distribution business to FortisOntario Inc., a wholly owned subsidiary of Fortis Inc. (TSX:FTS), for $68 million, on June 23.

Parviz Farsangi executive vice president and COO of Vale Inco has left the company. Cory McPhee, director of corporate affairs confirmed his leave saying there will be further restructuring going on, but the end should be wrapping up fairly soon.

A replacement has been found for Northern College's outgoing president, with acting president Fred Gibbons being officially appointed to the role after filling in for the last six months.

Sudbury's Laurentian University will soon be home to yet another centre of excellence as the school's senate has approved development for a Centre for Research in Occupational Safety and Health (CROSH).