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18.10.2019 (936 Clicks)

Appointed new Board of Directors of Salini Costruttori

The Board will include Claudio Costamagna, Sergio Erede, Daniele Gambirasio, Nicola Greco, Antonio Nuzzo, Alessandro Salini, Francesco Saverio Salini, Pietro Salini and Simonpietro Salini.

18.10.2019 (943 Clicks)

Salini Impregilo enters Norway: Group wins Railway Contract

Salini Impregilo enters the Norwegian market for the first time with the signing of a €388-million civil works contract to upgrade a 13.6-kilometre section of a rail line between the towns of Nykirke and Barkaker south of Oslo. The contract is the latest effort by the Group to expand in countries that are investing in infrastructure and carry a lower risk profile, such as Australia and the United States.

18.10.2019 (885 Clicks)

First Holes drilled at the Maly Patom Project in Russia

Kopy Goldfields AB commenced a drilling program at the Maly Patom ('Northern Territories' or 'NT') exploration project. The exploration program targets gold discoveries at one to three previously identified gold anomalies and so far, six holes have been drilled with sulfide mineralization identified in several samples and two samples containing visible gold grains.

In early September, Kopy Goldfields commenced drilling within the Maly Patom area. The exploration program will focus on three previously identified gold anomalies, starting with the Zhelanny target and then proceeding with the Alemakitskiy targets. The program includes 4,500 m of core drilling and trench sampling, followed by logging and assay testing. In addition, an aerial geophysical survey of 50 km2 will be conducted covering Zhelanny, Alemakitsky and other sites.

The drilling was started on the Zhelanny target, which is located within the Gorbylyakh license. So far, six holes have been completed for a total of 854 meters. Average hole depth is 150 m. In addition to drilling, 1,347 m of trenches have been dug. All trenches encountered permafrost. In the first trench, #143001, three mineralized zones were discovered, each 15-20 meters wide, which were confirmed later in other trenches. Along trench #143001, the first drill profile was completed and sulfide mineralization was identified in many core samples. Two core samples contained visible gold grains. Assay test results for these samples are expected in early October.

Historic exploration and data show great potential

The Zhelanny target was initially identified by Kopy Goldfields during the review of historic exploration and mining data and later confirmed by the Company's geochemical surveys in 2016-2017. Historic explorations have shown an up to 7 km long zone of sulfide mineralization with gold grades up to 3 g/t. Historic exploration trenches and shafts crossed the anticline fold structure close to the hinge zone represented by dark-grey colored slates and sandstones. The axial fold plane dips northeast. Along the fold axis, a schistosity zone and pyrrhotite/pyrite stringer-porphyry type mineralization was evidenced. The zone's outcropping is 150 m wide. Out of some 60 historic trench and shaft samples collected from the target, 70% contained gold of varying grades.

Initial exploration by Kopy Goldfields identified a gold anomaly

During the soil geochemistry survey of the area performed by the Company in 2017, a gold anomaly with a length of 1,200 m and widths varying from 200 to 600 m was identified. Average gold grade in soil samples was 50 ppb, which was in line with expectations considering wide prevalence of permafrost and swamps in the area. The total area of the gold anomaly is 4.8 km2. Since the anomaly is likely to extend outside the Gorbylyakh license area, Kopy Goldfields applied for and received a neighboring license called Polovinka earlier this year. Provided exploration results from this year are good, further exploration will extend into the Polovinka license area.

As soon as drilling at the Zhelanny target is completed, the drill rig will move to the Alemakitskiy site where we have two gold anomalies to test this season. Our exploration program targets gold discoveries at one to three previously identified gold anomalies.

More information about the program for the Maly Patom project will follow together with regular updates of the exploration results.

Source: Kopy Goldfields

                     

17.10.2019 (1088 Clicks)

Bontexgeo – New Ownership and new Name

On 3 September 2019 Low & Bonar PLC has announced that it has completed the sale of their civil engineering business, which includes the production facilities in Belgium and Hungary, to Nimbus, a Netherlands based private equity fund. This sale is in line with the strategy announced on July 11, 2018 to dispose of the civil engineering division in order to simplify their portfolio and improve their debt position.

17.10.2019 (842 Clicks)

Freudenberg submits offer for listed Company, Low & Bonar PLC

Technology group wishes to strengthen nonwovens business

17.10.2019 (1572 Clicks)

Rema Tip Top Middle East: Local Presence in an Aspiring Region

Rema Tip Top AG is strengthening its position in the Middle East and is opening its own Rema Tip Top Middle East hub in Dubai.

17.10.2019 (2277 Clicks)

Strabag building Hatta pumped Storage Power Plant in Dubai

• Contract value of € 340 million, Strabag share of 35 %
• Turbine shaft with 36 m diameter and a depth of 70 m
• United Arab Emirates among the group’s core international markets

16.10.2019 (886 Clicks)

Siemens’ gearless Drive Technology Powers high-capacity Overland Conveyor in Quellaveco

• Conveyor system will move 127,500 tons of primary crushed ore per day
• New Siemens’ gearless drive technology to increase reliability and efficiency additionally by up to 4 percent
• Maintenance requirements of the drive system significantly reduced

16.10.2019 (862 Clicks)

Hexagon introduces MinePlan Project Evaluator

Solution spells new era for mine planners tasked with strategic planning

15.10.2019 (1142 Clicks)

Thyssenkrupp Industrial Solutions announces new CEO of the Mining Technologies Business Unit

Effective November 1, 2019, Jan Lüder will take over as Chief Executive Officer (CEO) of the Mining Technologies business unit at Thyssenkrupp Industrial Solutions AG.