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10.11.2019 (869 Clicks)

Fugro awarded large geotechnical Investigation to support Hong Kong International Airport Expansion

Airport Authority Hong Kong (AAHK) has awarded Fugro another significant land site investigation contract as part of the HKD 141.5 billion three-runway system (3RS) project for the expansion of Hong Kong International Airport.

08.11.2019 (886 Clicks)

IFC and Partners support major hydro-electric Plant in Nepal

IFC, a member of the World Bank Group, and a consortium of other lenders today finalized a $453 million debt financing package that will support the construction of a landmark hydroelectric plant in central Nepal. The plant will increase Nepal's electricity supply by one-third from today’s levels and provide clean, reliable power to up to 9 million people, part of a larger effort by IFC to create markets and fight poverty in the country.

07.11.2019 (957 Clicks)

Flatiron secures Contract for Critical Infrastructure Project in Washington

Construction on I-405, Renton to Bellevue Widening and Express Toll Lanes expected to begin in 2020

07.11.2019 (1021 Clicks)

Appointment of new CEO of Endomines AB

Endomines announces that it has appointed Greg Smith as Chief Executive Officer of the company. Greg has, on a consultancy basis, been leading Endomines’ operations in the US and Finland since June 5th 2019, when Endomines communicated that it was evaluating the appointment of Greg as CEO of Endomines. Greg Smith will assume the position of CEO as soon as he has been granted a Swedish work permit (Sw. ICT-tillstånd), which is expected to be granted in February 2020, by the latest.

07.11.2019 (883 Clicks)

Brenner Base Tunnel: Salini Impregilo completes 70% of Southern Lot Tunnelling

Salini Impregilo and partners Strabag, Consorzio Integra and Collini Lavori have done 70% of the excavation work on the southernmost lot of the Brenner Base Tunnel project.

05.11.2019 (776 Clicks)

Turquoise Hill announces Completion of Shaft 2 of Oyu Tolgoi Mine in Mongolia

Turquoise Hill Resources announces that Shaft 2 construction is complete and has entered into the final stages of commissioning.

04.11.2019 (1039 Clicks)

Ed Santamaria starts as President and CEO of Normet

Ed Santamaria, whose nomination as President & CEO of Normet was published on June 3rd, will start in his role today, November 4th. The interim CEO Aaro Cantell will return to his role as chairman of the board. Ed will be based in Normet’s Espoo office.

01.11.2019 (921 Clicks)

Metals & Mining Industry M&A deals in September 2019 total $1.9bn globally

Total metals & mining industry M&A deals in September 2019 worth $1.9bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 6.7% over the previous month and a drop of 63.4% when compared with the last 12-month average, which stood at $5.18bn. Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.37bn. At the country level, China topped the list in terms of deal value at $1.34bn.

In terms of volumes, North America emerged as the top region for metals & mining industry M&A deals globally, followed by Asia-Pacific and then South and Central America.

The top country in terms of M&A deals activity in September 2019 was Canada with 28 deals, followed by Australia with 18 and the US with 14.

In 2019, as of the end of September 2019, metals & mining M&A deals worth $36.46bn were announced globally, marking a decrease of 55.1% year on year.

Metals & mining industry M&A deals in September 2019: Top deals

The top five metals & mining industry M&A deals accounted for 77.4% of the overall value during September 2019. The combined value of the top five metals & mining M&A deals stood at $1.47bn, against the overall value of $1.9bn recorded for the month.

The top five metals & mining industry deals of September 2019 tracked by GlobalData were:

• Beijing Haohua Energy Resource’s $442.81m acquisition of Ningxia Hongdunzi Coal Industry
• The $408.55m acquisition of Shanxi Meijin Energy by Shanxi Jinmei Distressed Equity Investment Partnership
• Osisko Gold Royalties’ $254.73m acquisition of Barkerville Gold Mines
• The $231.6m acquisition of Yangchun New Steel by Hunan Valin Xiangtan Iron and Steel
• Shandong Zhaojin Group’s acquisition of Baoding Technology for $129.93m.

Source: GlobalData

                     

01.11.2019 (881 Clicks)

Steel Piles from SSAB help Port of Gdańsk to jump up on the Podium

A new combi wall at the Port of Gdańsk, Poland, begun in February 2019, will result in a new wharf by 2020 that will be 1,220 m (4,000 ft) long. The most important part of the wharf, the steel piles, came from SSAB.

01.11.2019 (785 Clicks)

Wealth Minerals negotiates Land Access to Valsequillo Silver Project, Mexico

Wealth Minerals Ltd. reports it has successfully negotiated surface access rights to the Valsequillo Silver project (“Valsequillo” or the “Property”) located in southern Chihuahua state, Mexico. The Company has the option to acquire a 100% interest in the Property covering 2,840 hectares. The Property is located approximately 40 km southeast of the city of Hidalgo Del Parral within the Altiplano Polymetallic Belt of north-central Mexico. The Company can acquire a 100% interest in the Property by making payments to the underlying arm’s length vendors of the Property in the aggregate amount of USD $6.0 million over a 90-month (7.5 years) period (see news release dated October 15, 2015).