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11.11.2021 (402 Clicks)

Fugro launches its new Generation of uncrewed Surface Vessels in the Netherlands

Fugro's Blue Essence, an offshore certified uncrewed surface vessel (USV) with an electric remotely operated vehicle (eROV), will begin its first project in the Netherlands. During operations the vessel is controlled from an onshore remote operations centre (ROC) via a satellite connection and will be used for the inspection of offshore assets, construction support services, and hydrographic and geophysical surveys.

09.11.2021 (397 Clicks)

NSK Self-Lube Bearings prove reliable in harsh Conditions

NSK Self-Lube® bearing units with triple lip seal and end cap protectors provide an extended service life in harsh operating conditions, such as those prevalent within the quarrying, mining and construction sectors. This proven performance is vital in these industries, where contaminants can easily penetrate poorly specified bearings, bringing machinery and equipment to a halt.

09.11.2021 (327 Clicks)

Orica partners with Government to reduce Kooragang Island Site Greenhouse Gas Emissions by 48%

Orica has announced plans to install an Australian industry first tertiary catalyst abatement technology EnviNOx at its Kooragang Island manufacturing plant. The technology is designed to deliver up to 95 per cent abatement efficiency, reducing the site’s total greenhouse gas emissions by almost 50 per cent.

09.11.2021 (322 Clicks)

Scavenger Hunt for Minerals is elementary for Students

About 80 Everton Park State High School students will be surprised to learn about the minerals contained in everyday items today when they take part in a Hunting Minerals, Metals and More workshop run by the Queensland Minerals and Energy Academy (QMEA), the education arm of the Queensland Resources Council (QRC).

09.11.2021 (428 Clicks)

QRC: Going clean and green with Hydrogen

It’s clean, it’s green and can’t be seen, but students at Gladstone State High School will learn today that hydrogen, the new kid on the block of low-emissions energy, is likely to play an important role in powering homes and industry in the years ahead.

09.11.2021 (337 Clicks)

Rolls-Royce to deliver mtu Engines and Systems for Key Sectors of China's Industry

• Agreements and contracts signed at CIIE with Chinese partners and customers from power generation, C&I, mining and rail industries
• Power Systems focuses on long-term partnerships in China and “local for local” approach to sales and services, manufacturing and R&D

09.11.2021 (358 Clicks)

BHP announces Divestment of BMC Interest

BHP announced it has signed a Share Sale and Purchase Agreement to divest its 80 per cent interest in BHP Mitsui Coal (BMC), an operated metallurgical coal joint venture in Queensland.

Stanmore SMC Holdings Pty Ltd, a wholly owned subsidiary of Stanmore Resources Limited (Stanmore Resources), has agreed to acquire 100 per cent of the shares in Dampier Coal (Queensland) Pty Ltd from BHP Minerals Pty Ltd, the subsidiary which holds BHP’s interest in BMC, for cash consideration of up to US$1.35 billion.

The purchase price comprises US$1.1 billion cash on completion, US$100 million in cash six months after completion and the potential for up to US$150 million in a price-linked earnout payable in the 2024 calendar year. Excluding the price-linked earnout, this represents an Enterprise Value/EBITDA multiple of 6.9x1.

The sale is subject to the satisfaction of certain conditions, including customary competition and regulatory approvals. This includes approval from the Foreign Investment Review Board. Stanmore Resources has agreed to a break fee payable where certain conditions are not satisfied.

Stanmore Resources would assume economic and operating control of BMC on completion of the sale, including its share of all current and future liabilities of BMC subject to certain limited exceptions. Completion is expected to occur in the middle of the 2022 calendar year.

BHP will continue to operate BMC until completion and work closely with Stanmore Resources to ensure a successful transition of ownership. BHP will provide certain transitional services to Stanmore Resources for a short period of time after completion.

BHP’s President Minerals Australia Edgar Basto said: “This transaction is consistent with BHP’s strategy, delivers value for our company and shareholders and provides certainty for BMC’s workforce and the local community. As the world decarbonises, BHP is sharpening its focus on producing higher quality metallurgical coal sought after by global steelmakers to help increase efficiency and lower emissions. South Walker Creek and Poitrel are well-run assets that have been an important part of our portfolio for many years and we are grateful for their contribution to BHP. Under this agreement, BMC will transition to Stanmore Resources, an ASX-listed company that has established relationships with Traditional Owners and strong engagement with their workforce and local communities. Stanmore Resources share our focus on safety performance and culture and support Australia’s commitments under the Paris Agreement.”

Net proceeds will be incorporated into and evaluated in accordance with our capital allocation framework to determine the appropriate manner to maximise value to shareholders via future dividends, share buybacks or combination of both.

Stanmore Resources is an Australian Securities Exchange listed business with operations in Queensland’s Bowen Basin and has committed to oversee and operate BMC in compliance with industry best practice in relation to safety and environmental performance, as well as regulatory, community and workforce engagement.

Golden Energy and Resources Limited, a Singapore Exchange listed company and Stanmore Resources’ major shareholder, guarantees Stanmore Resources’ obligations to pay the purchase price and any break fee obligations to BHP up to US$600 million.

The review process for New South Wales Energy Coal is progressing, in line with the two-year timeframe announced in August 2020. BHP remains open to all options and continues consultation with relevant stakeholders.

Source: BHP

                     

09.11.2021 (326 Clicks)

Orica partners with Government to reduce Kooragang Island Site Ghg Emissions by 48%

Orica has announced plans to install an Australian industry first tertiary catalyst abatement technology, EnviNOx® at its Kooragang Island manufacturing plant. The technology is designed to deliver up to 95 per cent abatement efficiency, reducing the site’s total greenhouse gas emissions by almost 50 per cent.

08.11.2021 (325 Clicks)

Fugro wins two Energinet Site Investigation Contracts for Denmark’s Energy Island

Fugro has secured two geotechnical site investigation contracts with Energinet for Denmark’s proposed Energy Island project.

08.11.2021 (437 Clicks)

New Balfour Beatty Vinci TrainingAcademy to upskill local People ready for Work on HS2

A new training academy established by HS2’s construction partner for the West Midlands, Balfour Beatty Vinci, has opened its doors to the public.