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16.04.2020 (1041 Clicks)

Changes in the Board of Directors of Komatsu Europe International NV and the Management of Komatsu Germany GmbH

Mr. Göksel Güner, Managing Director of Komatsu Germany GmbH [KG] in Hanover, was appointed to the Board of Directors of Komatsu Europe International N.V. Effective April 1, 2020, he will assume the role of Chief Operating Officer (COO). Mr. Güner will also become a member of the Supervisory Board of Komatsu Germany GmbH. Mr. Güner was Managing Director of Komatsu Germany – Construction (Hanover), the former Komatsu Hanomag GmbH, for a total of 16 years.

16.04.2020 (730 Clicks)

Sweco Part of Designing a new Tramline in Helsinki

As part of investment in a growing tramline network in Helsinki, Finland, Sweco in alliance with Destia and WSP will provide services to Helsinki City Transport, HKL, for construction of the new Kalasatama tramline.

15.04.2020 (669 Clicks)

Update on Contracts – High Speed 2 and Highways England

Costain confirms that its joint venture company, Skanska Costain Strabag, (“SCSJV”) has been granted notice to proceed by High Speed Two (HS2) Limited to commence full detailed design and construction of Phase 1 of the HS2 railway in area south as part of the Main Works Civils Contract.

15.04.2020 (715 Clicks)

QRC welcomes Glencore’s Graduate Program Extension

With the ongoing uncertainty in Australia’s job market Glencore has taken decisive action by extending its 2021 Graduate Development Program said the Queensland Resources Council.

15.04.2020 (685 Clicks)

Fugro awarded Cairo Monorail Megaproject Site Characterisation Contract

The National Authority for Tunnels represented via the Arab Contractors has awarded Fugro a geophysical and geotechnical investigation contract for the second phase of the Cairo Monorail megaproject. The megaproject involves the construction of two monorail lines that will create the first public transport links from both Egypt’s as-yet unnamed new administrative capital (NAC) and 6th of October City to the Greater Cairo area.

15.04.2020 (777 Clicks)

Outokumpu appoints President and CEO

Outokumpu appoints Heikki Malinen as President and CEO

14.04.2020 (1162 Clicks)

New Major App provides Expert Tools and Information for Screen Media

Major, a leading global manufacturer of high-performance wire screening media, launches a new smartphone app to give customers up-to-date information and access to advanced digital tools. Called The Major App, the tool is available for mining and aggregates producers and Major dealers, with customizations for each.

14.04.2020 (790 Clicks)

Iron ore Exports from India to decline by 25% in 2020 amid Covid-19 Lockdown according to GlobalData

Iron ore exports from India are expected to decline by around 25% to 23.3 Mt in 2020 due to the coronavirus (Covid-19) outbreak and the subsequent closure of ports, shortage of workers and transport restrictions, which are severely disrupting the exports as well as the domestic supply, says GlobalData, a leading data and analytics company.

In addition, the auctioning process of several iron ore mines were completed in February 2020 as their leases were about to expire in March 2020. Out of around 25 non-captive iron ore mines, 22 were successfully auctioned while three were put on hold over a pending legal suit from the Supreme Court of India.

Vinneth Bajaj, Senior Mining Analyst at GlobalData, says: “The delays in the auctioning of mines in Odisha, which were to be held in March last year, due to the lack of clarity on the maximum lease area, will severely damage India’s iron ore output in 2020, which is expected to fall to 205.7 Mt, a 12.5% decline compared with 2019 (234.9 Mt). The decline could have been over 40 Mt, had the Indian government not allowed new owners to start and continue operations until they had acquired fresh forest and environmental clearances, which could have taken up to three years.” 

In addition, some idle time is inevitable as operations are reestablished by the new owners. With that in place, GlobalData expects the production to pick up once the lockdown ends, and operating activities resume.
Despite the decline in 2020, the production of iron ore in India is expected to grow over the forecast period (2020–2024) at a compound annual growth rate (CAGR) of 7.2% to reach 271.2 Mt in 2024. The resumption of operations at the auctioned mines will be a key factor behind this growth.

Bajaj concludes: “Simultaneously, iron ore exports from India are expected to recover from the 2020 decline and post a forecast-period CAGR of 4.2% to reach 27.5 Mt in 2024, supported by improving demand from China.”

Source: GlobalData

14.04.2020 (797 Clicks)

Most Queensland Resource, Energy Job Vacancies advertised in April

Amid tighter restrictions with the Covid-19 response, half of the 800 job vacancies in Queensland’s resources and energy sector were listed in the last fortnight on employment website SEEK.

11.04.2020 (847 Clicks)

Cimic 2020 AGM: 2019 statutory Loss due to one off Impact of BICC, sound Operating Performance

Strong liquidity & order book