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03.08.2021 (810 Clicks)

Fugro wins multi-year Contract to build new Pavement Management System for Manitoba

The Province of Manitoba in Canada has awarded Fugro a 4-year contract to develop a new pavement management system that will guide strategic selection of road maintenance projects for optimised use of transportation budgets.

03.08.2021 (455 Clicks)

QRC: Resources Sector backs strict Covid-19 Protocols to fight new Outbreak

The resources sector will continue to follow strict Covid-19 protocols in the wake of the lockdown of 11 LGA’s in Queensland to protect employees and regional communities from the virus.

29.07.2021 (360 Clicks)

FLSmidth to acquire Thyssenkrupp’s Mining Business – creating a global Industry Leader in Mining Technology

FLSmidth and Thyssenkrupp Industrial Solutions AG (a fully owned subsidiary of Thyssenkrupp AG) have reached an agreement that FLSmidth will acquire Thyssenkrupp’s Mining business1 (TK Mining) for a total consideration (enterprise value) of EUR 325 million, corresponding to approximately DKK 2.4 billion. Closing of the transaction is expected in H2 2022 and is subject to customary approvals from relevant authorities.

29.07.2021 (508 Clicks)

Strabag acquires Metro Projects in Prague

• Modernisation of Prague metro station Jiřího z PodÄ›brad for € 50 million
• First section of new Line D as part of international consortium

28.07.2021 (451 Clicks)

Nornickel restocks Yenisei River with 200,000 Sturgeon as Part of Biodiversity Initiatives

Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, headed by Vladimir Potanin, has released 200,000 Siberian sturgeon fry into the Yenisei river at Prutovsky shallows near the town of Yeniseisk.

28.07.2021 (403 Clicks)

Lundin Mining Announces Agreement to sell remaining Specialty Cobalt Business

Lundin Mining Corporation announced that its 24% owned subsidiary, Koboltti Chemicals Holding Limited, has entered into an agreement to sell its specialty cobalt business based in Kokkola, Finland to Jervois Mining Limited. This business was no longer strategic to Lundin Mining following the sale of its interests in Tenke Fungurume in 2016 and the cobalt refinery in Kokkola in 2019.

Under the terms of the transaction, Jervois will acquire 100% of Freeport Cobalt for $85 million, in cash and Jervois shares, plus working capital to be determined at closing. In addition, Lundin Mining and its partners will have the right to receive up to $40 million in contingent cash consideration based on the future performance of the business.

Under the terms of the agreement, the consideration at closing may include up to 9.9% of Jervois shares. Assuming a full allotment of shares, Lundin Mining currently estimates its net share of the proceeds, excluding contingent consideration, would approximate $42 million cash plus its pro-rata 24% share of up to 9.9% of Jervois shares.

The transaction is subject to the completion of Jervois financing and other customary closing conditions and is expected to close in the third quarter of 2021.

The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on July 27, 2021 at 02:00 Eastern Time.

Source: Lundin

                     

28.07.2021 (417 Clicks)

SMT Scharf AG reports significant H1/2021 Earnings Growth; Increase of FY 2021 Revenue and Earnings Forecasts

SMT Scharf AG (German Securities Code (WKN) 575198, ISIN DE0005751986) generated significant revenue and earnings growth based on preliminary results for the first half of the year, and is adjusting its previous forecast for the 2021 fiscal year accordingly.

28.07.2021 (413 Clicks)

QRC welcomes State Govt Approval of Metallurgical Coal Mine Extension in Central Qld

The Queensland Resources Council (QRC) today welcomed the State Government’s decision to approve an $82 million extension to the Isaac Plains metallurgical coal mine near Moranbah, calling it a huge vote of confidence in Queensland’s high quality coking coal industry.

28.07.2021 (424 Clicks)

ACCIONA is awarded Sydney Metro West for €1.24 billion

ACCIONA, in consortium with Ferrovial, has been awarded the contract to build the central section of Sydney Metro West, the new underground rail line that runs through a large part of Australia's largest city.

28.07.2021 (474 Clicks)

New Product Manager further increases Wet Processing Resources at Superior

Superior Industries, Inc., a U.S.-based manufacturer and global supplier of bulk material processing and handling systems, announce the appointment of Brett Casanova as its product manager for wet processing. He joins an extensive and diverse group of professionals at Superior who specialize in washing, classifying and dewatering technologies.