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26.02.2022 (358 Clicks)

Ethiopian Prime Minister starts first Turbine of Grand Ethiopian Renaissance Dam, Webuild’s mega Hydropower Project for Production of renewable Energy

Ethiopian Prime Minister Abiy Ahmed Ali started up the first turbine of the Grand Ethiopian Renaissance Dam (GERD), the large dam in roller compacted concrete (RCC) being built by Webuild on the Blue Nile in the western region of Benishangul-Gumuz in Ethiopia.

26.02.2022 (246 Clicks)

Cimic's UGL awarded Contract Extension with Esso in Australia

Cimic Group’s UGL has been awarded a contract extension with Esso, that will generate revenue to UGL of approximately $110 million over a two-year period.

25.02.2022 (258 Clicks)

QRC welcomes Plan set to help deliver skilled Workforce

A new national report has flagged important next steps to help tackle the skills shortages that affect the resources sector and other key industries, the Queensland Resources Council (QRC) said.

24.02.2022 (274 Clicks)

Hatch appointed new Regional Director, Infrastructure, USA

Winston Simmonds has been named Hatch’s Regional Director, Infrastructure, USA. Winston is replacing Dominic DiBrito, who has been named Managing Director of the firm’s Transit business unit.

24.02.2022 (279 Clicks)

Hochtief approves Submission of the unconditional and final off-market Takeover Offer to the outstanding Shareholders of Cimic by Hochtief Australia

Hochtief Aktiengesellschaft, through its wholly owned Australian subsidiary Hochtief Australia Holdings Limited, holds a stake of approx. 78.58 % in Australian company Cimic Group Limited. Hochtief has approved the submission by Hochtief Australia of an unconditional and final off-market takeover offer to acquire each Cimic share held by the free float shareholders of Cimic other than Hochtief Australia for AU$ 22 cash per Cimic share.

Under the Offer terms, if a Cimic Shareholder accepts the Offer in respect of its Cimic shares, then Hochtief Australia will be entitled to all of the rights attaching to those Cimic shares, which includes the amount of any dividends declared or paid by Cimic after the date of announcement of the Offer. The Offer can lead to Hochtief increasing its indirect shareholding in Cimic to up to 100 %.

Hochtief has agreed to provide Hochtief Australia with all amounts Hochtief Australia is required to pay under, or in connection with, the Offer under an offer funding agreement. The maximum aggregate amount of cash consideration that Hochtief Australia would be required to pay under the Offer (66,665,467 Cimic shares multiplied by the Offer Price) is expected to amount, when converted into Euro to approx. EUR 940 million. To finance the payment obligation in respect of the Offer, Hochtief has entered into a transaction facility with a consortium of banks.

Source: Hochtief AG

                     

24.02.2022 (260 Clicks)

Continental radar-based Monitoring System makes Conveyor Belt Systems more efficient and reliable

• Predictive maintenance and condition monitoring in focus: Conti Load Sense rounds off monitoring program for conveyor belt systems
• Application example gravel extraction: more efficient processes and safer transports thanks to new radar system
• 2D radar technology requires less maintenance and is more resistant to external influences than other systems

22.02.2022 (255 Clicks)

Anglo American restarts Grosvenor metallurgical Coal Operation

Anglo American plc announces the safe restart of its Grosvenor metallurgical coal mining operation in Queensland, Australia.

22.02.2022 (741 Clicks)

Fugro achieves Carbon Trust’s highest Rating for its Seawatch Offshore wind Floating LiDAR Buoy

Fugro’s Seawatch Wind Lidar Buoy has achieved the highest commercial maturity rating, Stage 3, in accordance with the Carbon Trust Roadmap for the Commercial Acceptance of floating LiDAR technology. Fugro’s floating lidar system is the first in the world to gain this Stage 3 rating, which certifies the Seawatch Wind Lidar Buoy as a primary source of wind resource data to support financial investment decisions for offshore wind farms.

18.02.2022 (255 Clicks)

Permit for Groundworks at Engebø approved by Sunnfjord Municipality

Sunnfjord Municipality has approved the building permit for all infrastructure groundworks for the Engebø Rutile and Garnet Project.

18.02.2022 (353 Clicks)

Rwanda to host the World Circular Economy Forum 2022

For the first time ever, this year’s World Circular Economy Forum will take place in Africa. WCEF2022 will be hosted jointly by the Republic of Rwanda, the African Circular Economy Alliance (ACEA) and The Finnish Innovation Fund Sitra, with international partners. The main event will be hosted by Rwanda, one of ACEA’s founding members. The announcement was made on the sidelines of the Europe-Africa Business Forum.