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GeoResources - Mining, Tunnelling, Geotechnics, Energy - News, Events and Journal

01.04.2020 (692 Clicks)

Endomines AB raises EUR 3.4 million Loan Facility

Endomines AB has placed EUR 3.4m loan with warrants to primarily Finnish institutional investors, including the Chairman of the Board of Endomines and the company’s CEO.

A loan facility amounting to EUR 3.4m have been placed with Finnish institutional investors. Among the investors are the Chairman of the Board and the CEO. The proceeds from the Loan will mainly be used for working capital need for the company and financing general corporate purposes of the Endomines group.

 

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01.04.2020 (614 Clicks)

SSAB: Actions taken due to the Covid-19 Situation

SSAB implements several short-term actions across the business to mitigate the effects of Covid-19 and the total annualized savings are estimated to exceed SEK 1 billion.

SSAB's annual general meeting (AGM) was held today, April 1, 2020, in Stockholm. The AGM resolved that no dividend will be paid for the financial year 2019.

During the first three months of the year the business has largely proceeded according to expectations. SSAB´s focus during the first quarter has been to reduce risks of spreading the Covid-19 virus, including measures to protect the health and safety of our personnel and at the same time sustaining operations.

 

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01.04.2020 (747 Clicks)

Innovation Platform Nexplore forms Research Cooperation with TU Darmstadt


Cooperation aimed at using Artificial Intelligence in construction

The Hochtief company Nexplore has entered into a unique research partnership with Darmstadt Technical University. The cooperation, initially planned for a period of four years, will focus on how Artificial Intelligence can be used in the construction industry.

“With TU Darmstadt, we have found a renowned partner who stands for scientific excellence and research at top level in the field of Artificial Intelligence,“ said David Koch, Managing Director of Nexplore. “We expect this cooperation will deliver practice-oriented, implementable answers to current questions regarding the use of Artificial Intelligence, as well as solutions for the issues of the day after tomorrow. The cooperation with the scientists in Darmstadt will strengthen our role as one of the industry’s technology leaders.”

For the cooperation with Nexplore to start on April 1, 2020, TU Darmstadt will set up the research laboratory AICO (Artificial Intelligence in Construction). “Our goal is to mesh research in information technology and in the construction industry more closely,” explains Kristian Kersting, Professor of Artificial Intelligence and Machine Learning at TU Darmstadt’s Department of Computer Science. “Through the cooperation with Nexplore, we create a room for our scientists which respects the freedom of research while at the same time enabling the very practical use of the results.” The intensive exchange between research and industry is intended to lead to at least six joint research projects.

Nexplore was founded by Hochtief in 2018 as a Group-wide platform for digital innovation and cooperates with scientists and leading universities worldwide in order to shape the transition into the digital future of construction and service activities. In addition to TU Darmstadt, the partners include, among others, the Massachusetts Institute of Technology in Boston, the Technical University of Madrid (UPM), and Minnesota State University. In addition, Nexplore cooperates closely with the German Research Center for Artificial Intelligence (DFKI).

Source: Hochtief AG



Hochtief, Artificial Intelligence, Germany, cooperation, University, Darmstadt, research, Nexplore, David Koch,information, technology, construction, industry

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31.03.2020 (659 Clicks)

Industry comes together to form Green Hydrogen Consortium

Hatch, Anglo American, BHP, and Fortescue have formed a Green Hydrogen Consortium to look at ways of using green hydrogen to accelerate decarbonization within their operations globally.

 

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31.03.2020 (673 Clicks)

Costain announces new Managing Director of its Transportation Division

Sue Kershaw has joined Costain as managing director of its transportation division where she will be responsible for the highways, rail and aviation sectors. Sue will join the Group’s Executive Board and report to Alex Vaughan, chief executive officer.

 

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31.03.2020 (603 Clicks)

Sandvik receives tubular Orders for the Energy Industry

Sandvik Materials Technology has received large orders for advanced tubes for the energy segment. The orders were booked in the first quarter 2020 at a combined value of about 630 million SEK, with deliveries scheduled as from the second half of 2020.

 

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30.03.2020 (715 Clicks)

SMT Scharf AG significantly increases Revenues and Earnings in 2019 thanks to strong Business in China

  • Consolidated revenue of EUR 75.4 million well above previous year
  • Operating profit (EBIT) grows significantly to EUR 6.8 million
  • Strong business in China delivers strong revenue and earnings surge in Q4/2019
  • Progress of business in China in 2020 still dependent on China III approval
 

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30.03.2020 (677 Clicks)

Genoa’s new Bridge: Work pursues its Course on site strictest Measures adopted for Workers’ Safety

Work at the construction site of Genoa’s new bridge is pursuing its course following the completion of the piers and the installation of 750 m of the deck with the hoisting of the latest section over the railway. It is being done while rigorously respecting the strictest safety measures for workers and applying the most rigid regulations to protect the health of all direct and indirect employees.

 

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28.03.2020 (550 Clicks)

Vale announced temporary Aid Package for Suppliers

Vale announced it will anticipate payments to small and medium-sized businesses; approximately R$ 160 million will be injected into the economy in the coming days

 

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27.03.2020 (1504 Clicks)

IDS GeoRadar, Worldsensing launch unique Mining Monitoring Package

Industry-first comprehensive monitoring solution covering surface, sub-surface and geospatial monitoring

 

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F. Willich GmbH + Co. KG
Latest Articles

23.12.2022 

Focus on Responsibility – from inner ConvictionFocus on Responsibility – from inner Conviction

Taking responsibility as a result of inner conviction – in both private and professional contexts – helps us cope with today’s immense personal and societal challenges.

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#Mining #Tunnelling #Geotechnics #Energy

23.12.2022 

Doing well, doing goodDoing well, doing good

The Pula Group has embraced a dynamic model for corporate citizenship that provides a conceptual framework for crafting a strategy for a company “to do well, while doing good”. The model...  

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20.10.2022 

Energy-efficient and environment-friendly Tunnel Logistics with Automated Service VehiclesEnergy-efficient and environment-friendly Tunnel Logistics with Automated Service Vehicles

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