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SMG 2017: Transforming Guinea’s Economy through Mining and Investment

Now in its 5th edition, Symposium Mines Guinea is firmly established as the largest mining event in West Africa and will take place from 09 – 11 May 2017, in Conakry, Republic of Guinea. Due to the importance of the mining sector on Guinea’s economy, The Ministry of Mines and Geology aim to make this sector the most investor friendly mining destination in Africa and have begun taking the necessary measures to implement strict good governance policies for regulation and promotion of transparency.

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Samarco Update concerning Tailings and Restart of Operations

Samarco Mineração S.A (Samarco), BHP Billiton Brasil LTDA (BHP Billiton Brasil) and Vale. S.A (Vale) agreed a non-binding term sheet outlining the general terms and conditions for the use of Vale’s Timbopeba pit by Samarco to deposit its tailings, should Samarco restart. Vale would transfer the Timbopeba pit to Samarco and, as compensation, Samarco would supply to Vale an amount of non-processed ore (Run-of-Mine – ROM) for a certain period.

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President of Colombia opens the Regasification Terminal of Cartagena de Indias

With a capacity of 400 million cubic feet of liquefied gas per day the president of Colombia, Juan Manuel Santos, inaugurated the first regasification terminal in Cartagena de Indias, executed by Sacyr Industrial, along with the president of Sacyr, Manuel Manrique; the chief executive officer of Sacyr Industrial, Pedro Sigüenza; and other political and business authorities. With an investment of $150 million, this terminal will help boost Colombian competitiveness and the development of the Caribbean coastal region.

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German Minister for Economic Affairs Sigmar Gabriel fascinated by Tunnel Construction in Hong Kong

 

Sigmar Gabriel, the German Minister for Economic Affairs and Energy, took the time on November 3 to inspect construction progress at one of the currently most important inner-city tunnel projects in Hong Kong – powered by high-tech Herrenknecht tunnel boring machines. The Minister and his delegation were fascinated by how top German technology is being used to develop groundbreaking infrastructure in Hong Kong. The mega-city is permanently rising above itself. Investments are being made in high-performance underground tunnel structures in particular to keep abreast of development by the city, setting international standards and realizing technical flagship projects.

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Samarco - BHP announces Rejection of Charges

BHP Billiton notes the statement by the Ministerio Público Federal of Brazil (Federal Prosecutors Office) that it has filed criminal charges before the Federal Courts of Ponte Nova, Minas Gerais, against BHP Billiton Brasil Ltda. (BHP Billiton Brasil) and certain employees and former employees of BHP Billiton (Affected Individuals).

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Pumped Storage Plants are the Backbone of the Energy Transition

  • Pumped storage plants add the necessary flexibility to energy systems, in order to integrate renewable energies reliably
  • The combination of storage system, reserve power and flexibility turn pumped storage plants into genuine “multi-function power stations”
  • “Pumped storage plants are the backbone of the Energy Transition”, Voith-CEO Lienhard says.
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