- Sacyr Industrial will carry out an electrical sub-station EPC project in chile for 21 million dollars
- It consolidates its electrical installations activity in Chile
As the Mark Twain saying goes: Reports of my death are greatly exaggerated. And so have been the green activist reports of the death of coal, and more broadly, the resources sector. Today, it is pleasing to see the Premier Annastacia Palaszczuk and Minister for Natural Resources and Mines, Dr Anthony Lynham, have thrown their support behind the resurgence of Queensland’s mighty resources sector.
SSAB has recently opened an office in Egypt and is working on establishing one in Algeria. Both countries offer great potential for new business opportunities, and the start in Egypt has been very good. There are also plans related to Western and Central Africa.
The CEO of Munich-based Wacker Neuson SE, Cem Peksaglam, is leaving the company.
Japanese energy businesses and global business leaders launch the leading gas and LNG event in Tokyo, Japan
For the second year in a row, Salini Impregilo ranks as one of the most attractive company on the market among the “Best Employer of Choice”, reaching the 2nd position in the list of Italian preferred workplaces for graduates holding a degree in Science & Technology and the 4th position in the global ranking. The awards ceremony was held on the IULM (International University of Languages and Media) campus in Milan on February 16.
Queensland company Senex Energy Limited’s $50 million investment into the Western Surat Gas Project is a major step forward in the company’s work to develop more gas production for the east coast gas market.
Glencore and QIA have concluded various agreements which provide for the establishment of a 50:50 consortium (the Consortium).
The Consortium has entered into agreements in connection with the further privatisation of Rosneft whereby the Consortium will acquire from Rostneftegaz a 19.5% interest in the issued share capital of Rosneft (the Shares) for €10.2 billion (the Consideration). Under the proposed arrangements, Glencore will commit €300 million in equity (the Glencore Equity) and QIA will commit €2.5 billion in equity to the Consortium with the balance of the consideration for the acquisition of the Shares to be provided by non-recourse bank financing, principally by Intesa Sanpaolo S.pA., with Russian banks also providing financing and credit support.
Germany’s mining equipment manufacturers have come out of recession. Following a decline in turnover of approx. 21 percent down to EUR 2.8 billion this year, the sector foresees a stabilization of the situation in 2017. In 2018, things should pick up once again.
RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, announced the acquisition of 25% of the shares of Exactal Group Limited, a Hong Kong-based software producer for the construction industry.
Remote and under-served markets to be targeted by new partnerships
Implenia is refocusing its activities in the Scandinavian market and strengthening its national organisations in Norway and Sweden.
Production of vanadium feedstock peaked in 2013 and has since declined year-on-year. The drop in supply is mainly a reflection of lower demand in 2014 and 2015, although more structural changes to supply-side market dynamics have also had an impact.
Most mining companies reversed their 2015 losses during the first few months of 2016, posting substantial gains. The correlation between mining stocks and gold remains high. Most miners surged following the gains in gold. Friday was important. Gold rose to a two-year high due to additional haven bids on the Brexit referendum. Almost all mining stocks rose on Friday.
RungePincockMinarco Limited (ASX: RUL) [RPM] has, today announced it has entered into an agreement to acquire 100% of the issued share capital of iSolutions, a leading global Asset Management software company with over 20 years’ experience in the provision of asset management, life cycle costing and budgeting software solutions to the mining industry.
The Queensland Resources Council’s latest report into resource company spending patterns confirms that local operators are still big beneficiaries of the resources sector. Despite facing one of the most severe economic conditions on record, the resources sector spent $24.7 billion with more than 24,000 local businesses and community groups last financial year.
Boliden’s revenues totalled SEK 8,849 m (10,407) and the operating profit, excluding the revaluation of process inventory, was SEK 769 m (1,102). Higher production levels than in the previous year were, however, unable to compensate in full for lower metal prices.
BE Group’s Annual Report for 2015 has now been published and is available on the Group’s website, www.begroup.com.
The particle accelerator of the Fermi Lab (United States), the most important Physics research centre in the US, which will be visited by Italian Prime Minister, Matteo Renzi, was built by Salini Impregilo.