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10.11.2019 (909 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 (920 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 (988 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 (1074 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.

Greg Smith has a broad background in energy, merchant banking and resource business from more than 30 years working in senior management and executive positions. He has extensive knowledge and experience of mine development in the US. Most recently Greg Smith started and managed TVL Gold Idaho, a junior gold mine developer that held rights to five gold projects in Idaho, which were acquired by Endomines in 2018. Before that Greg Smith worked during 2005-2009 as Executive Chairman and CEO of International Consolidated Minerals Inc, a company traded on the AIM of the London Stock Exchange. The appointment of Greg Smith is an important step for Endomines to maximize the potential of its US and Finnish assets, and to position Endomines for stronger growth.

Marcus Ahlström, who has been acting as Endomines’ Interim CEO since May 3rd 2019, has been appointed Deputy CEO of Endomines. He will assume this position and continue as CFO of Endomines, once Greg commences his position as CEO.

“The Board is delighted to be able to announce these changes in Endomines group management team as well as welcoming Greg Smith to Endomines. Greg’s experience in the mining industry and project financing makes him the right leader for taking Endomines to the next level. We also thank Marcus for his valuable contribution during this interim period. These appointments are a clear reflection of Endomines’ intentions to release the full potential existing within the company’s assets in the US and Finland”, says Ingmar Haga, Chairman of the Board.

Source: Endomines AB

                     

07.11.2019 (934 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 (802 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 (1081 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 (947 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.

01.11.2019 (913 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 (819 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).