Stans Energy Corp., a resource development company concentrated on moving heavy rare earth properties forward in the former Soviet Union, has been invited to participate in a trade mission to Russia.
Robert Mackay, the president and CEO of the company, made the announcement on Monday. Stans Energy and 30 other companies were chosen by the Canadian Trade Commissioner Service to participate in the mission from Monday through Friday.
“We are extremely honored and privileged to be chosen by the Canadian Trade Commissioner Service to participate in this governmental initiative to strengthen and deepen bilateral business ties between Canada and Russia,” Mackay said. “Given our strong working relationships with numerous Russian technical and business organizations, we feel that this is an excellent opportunity for management to make Stans more widely known to international stakeholders. By creating new prospects for additional co-operation, our participation in this event will aid Stans in becoming one of the pre-eminent global suppliers of rare earth elements to end users. We look forward to close collaboration with all the government representatives involved.”
Mackay and Boris Aryev, the COO of Stans Energy, will travel with Ed Fast, the minister of international trade and minister for the Asia-Pacific gateway. The delegates will start in St. Petersburg and then travel to Moscow where Fast will meet them on Wednesday.
“This year, as we celebrate the 70th anniversary of Canada-Russia diplomatic relations, we are committed to a deeper trade and investment relationship with Russia,” Fast said. “In what remains a fragile global economic climate, our government is committed to ensuring Canadian workers have access to priority markets around the world. That is why we continue to pursue deeper ties with the world’s largest, most dynamic and fastest growing markets as part of the most ambitious trade expansion plans in Canadian history.”
Russia and Canada’s bilateral trade relationship in 2011 totaled $2.78 billion.