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12.08.2021 (524 Clicks)

Webuild begins excavating Tunnel for Ship Canal Water Quality Project in Seattle, Washington

Webuild Group’s U.S. subsidiary, Lane, began excavating with the “MudHoney” tunnel-boring machine (TBM) the 2.7-mile (4.2-kilometre) storage tunnel for the Ship Canal Water Quality Project, an environmental sustainability project designed to prevent untreated stormwater and sewage from flowing into major bodies of water in Seattle, Washington.

10.08.2021 (432 Clicks)

Epiroc completes Acquisition of South Korean Hydraulic Breaker Manufacturer

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the acquisition of DandA Heavy Industries, a South Korean manufacturer of hydraulic breakers.

10.08.2021 (526 Clicks)

Metso Outotec awarded a Major Contract for Supplying Dewatering, Flotation and Automation Technology to Nornickel in Russia

Metso Outotec has signed an agreement to deliver industry-leading dewatering, flotation and automation equipment for the Nornickel Talnakh processing plant expansion project in Norilsk, Russia. The order value, which is not disclosed, has been booked in Minerals’ Q2 and Q3 2021 orders received.

10.08.2021 (418 Clicks)

Climate Change widespread, rapid, and intensifying according to IPCC

Scientists are observing changes in the Earth’s climate in every region and across the whole climate system, according to the latest Intergovernmental Panel on Climate Change (IPCC) Report. Many of the changes observed in the climate are unprecedented in thousands, if not hundreds of thousands of years, and some of the changes already set in motion – such as continued sea level rise – are irreversible over hundreds to thousands of years.

10.08.2021 (436 Clicks)

Fugro answers Geo-data Needs in Remote coastal Locations with new uncrewed Capability

Fugro RAMMS, the world’s smallest and lightest ‘deepwater’ airborne lidar bathymetry (ALB) system, can now be deployed from vessels of opportunity using a Schiebel CAMCOPTER® S-100 uncrewed aerial system (UAS).

10.08.2021 (479 Clicks)

Australian Bulk Handling Expo BULK 2021 postponed to 2022

Following the Covid-19 events, BULK 2022 will now take place from 16 – 18 February 2022 at the Melbourne Convention and Exhibition Centre

09.08.2021 (419 Clicks)

Eldorado Gold announces the Sale of Tocantinzinho to G Mining Ventures

Eldorado Gold Corporation announces today that it has entered into a definitive agreement with G Mining Ventures Corp. to divest its Tocantinzinho Project located in Brazil.

Under the terms of the Agreement, Eldorado will receive:

• Minimum upfront consideration of US$50 million, comprised of a minimum US$20 million in cash and 19.9% of GMIN shares upon closing of the Transaction.
  
  
• Deferred consideration of US$60 million in cash to be paid subject to TZ commencing commercial production, payable on the first anniversary of commercial production.
  
  
• GMIN has the option to defer 50% of the Deferred Consideration at a cost of US$5 million, in which case US$30 million is payable upon the first anniversary of the commencement of commercial production and US$35 million is payable upon the second anniversary of the commencement of commercial production.
  
  
• Upon closing of the Transaction, Eldorado and GMIN will enter into an investor rights agreement, which will grant Eldorado certain rights for so long as it maintains 10% ownership of GMIN common shares on an undiluted basis. The Investor Rights Agreement will include a customary lockup period until the earlier of (i) two years, and (ii) GMIN making a positive construction decision on TZ, the right for Eldorado to participate in future equity offerings by GMIN in order to maintain the greater of 19.9% of GMIN’s share capital and Eldorado’s pro rata ownership interest prior to the offering, and additional customary rights and restrictions for a transaction of this nature.

“This transaction provides Eldorado with immediate value for TZ, while also retaining meaningful exposure to future value creation through our equity stake in GMIN,” said George Burns, Eldorado’s President and Chief Executive Officer. “TZ will be a cornerstone asset for GMIN, a team with a strong track record of building mines on time and on budget. Together with our local Brazilian team, we believe they are the right group to responsibly advance the asset and we look forward to following and supporting their success. On behalf of the management team and Company, I would like to take this opportunity to thank Lincoln Silva and his team in Brazil for all their contributions, hard work and dedication to the Company. We wish them all the best moving forward.”

The Transaction is subject to customary closing conditions, including required regulatory approvals. The Transaction is expected to close in the fourth quarter of 2021. Trinity Advisors Corporation acted as financial advisors to Eldorado, and Fasken acted as Eldorado’s legal counsel.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Source: Eldorado Gold

                     

09.08.2021 (505 Clicks)

Strabag: Contract for large-scale A8 Enz Valley crossing Motorway Project

The STRABAG Group has been awarded a new large-scale contract in the southwestern German state of Baden-Württemberg. Germany’s federal motorway company, Autobahn GmbH des Bundes, has awarded to STRABAG the contract for the six-lane expansion of the A8 motorway in the Enz Valley near Pforzheim. The contract for the complex infrastructure project on the main corridor between Karlsruhe and Stuttgart is worth more than € 100 million.

06.08.2021 (480 Clicks)

Further Progress in Multi Tracks Segment: Thyssenkrupp to sell Infrastructure business to FMC Beteiligungs KG

• Next milestone reached in the focusing of Thyssenkrupp’s portfolio
• Infrastructure business will profit from willingness of new owner to invest in digitization and development of existing and new markets
• Closing expected in second half of 2021 calendar year
• Dr. Volkmar Dinstuhl, CEO Multi Tracks: “With the successful sale of the Infrastructure business we are taking the next step in sharpening the portfolio of Multi Tracks and making a further contribution to the transformation of Thyssenkrupp.”

06.08.2021 (446 Clicks)

TAC 2020-One Toronto Aims for In-person Attendance

With the opening day of TAC 2020-One Toronto less than 11 weeks away, the Organizing Committee is gearing up to welcome the tunnelling industry to the Hilton Toronto on October 19. We’re optimistic that the planned in-person conference can proceed and that Canada’s extensive Covid-19 vaccine uptake will help counter the Delta variant challenges we currently face.