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05.05.2020 (786 Clicks)

Salini Impregilo becomes Webuild: bigger, stronger and ready to serve the Nation

Salini Impregilo is changing its name to Webuild, with the message “bigger, stronger and ready to serve the nation” to accompany a publicity campaign that begins in Italy’s major newspapers and news websites. It also comes on the day that Salini Impregilo shareholders meet at their annual assembly to approve the new name of a Group that is ready to contribute to the revival of the Italian economy within the context of an infrastructure investment plan capable of creating thousands of jobs. The launch of the Company’s new name, which will soon be online at www.webuildgroup.com and on social media channels with the account name Webuild, signals the latest step in the Group’s evolution, becoming ever more global with a strong base in Italy. It is a process of growth for the Company under the management and coordination of Salini Costruttori SpA within the context of Progetto Italia (Project Italy), and also thanks to the support of CDP Equity SpA and the country’s main financial institutions (UniCredit, Intesa Sanpaolo, Banco Popolare BPM) and investors who believe in the project.

05.05.2020 (665 Clicks)

Global energy demand to plunge this year as a result of the biggest shock since the Second World War

The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%.

05.05.2020 (879 Clicks)

Anglo American Platinum ramps up ACP Plant to restart refined PGM Production

Anglo American plc notes the announcement by Anglo American Platinum Limited released to the Johannesburg stock exchange. The text of the announcement is copied below:

Anglo American Platinum has safely and successfully completed the repair of the Anglo Converter Plant (ACP) Phase B unit. The ACP and full downstream processing operations are completing a safe ramp-up and expect to be fully operational from 12 May 2020. Force majeure to suppliers of concentrate will be lifted on that date.

02.05.2020 (793 Clicks)

QRC welcomes AGL's Cooper Gap Wind Farm Completion

The Queensland Resources Council has welcomed the completion of AGL’s Cooper Gap Wind Farm with a full capacity of 453 megawatts or the equivalent renewable energy to power 264,000 homes.

30.04.2020 (688 Clicks)

Fugro secures Remote Operations Contract on Well-Safe Guardian

Fugro has secured an initial 3-year contract with Well-Safe Solutions, a UK-based offshore well decommissioning service provider.

30.04.2020 (1190 Clicks)

Fugro wins Contract for A9 Motorway Widening in the Netherlands

Fugro has been awarded a 3-year contract for an extensive geotechnical campaign and subsequent design work as part of the A9 motorway upgrade and expansion project in the Netherlands.

30.04.2020 (791 Clicks)

Top M&A legal Adviser in Metals and Mining sector by Value in Q1 2020 accordint to GlobalData

McCarthy Tetrault has dominated the mergers and acquisitions (M&A) legal advisers league table, by leading data and analytics company GlobalData, based on deal value in Q1 2020, having advised on two deals worth US$748.4m.

29.04.2020 (797 Clicks)

Datwyler sells Civil Engineering Business to Management Team

Datwyler sold its civil engineering business to representatives of the existing management on 28 April 2020. The management buy-out is supported by the Hamburg-based private equity firm BPE, which specializes in transactions in the German mid-sized sector since over 20 years. The closing of the agreement is scheduled for 4 May 2020.

29.04.2020 (628 Clicks)

Endomines: Agreement with Transatlantic Mining to buy US Grant Mine and Mill and Kearsarge Gold Project

Endomines AB announced that further to the letter of intent announced on January 28 the following transaction terms now agreed with Transatlantic Mining to acquire the US Grant gold mine and mill in conjunction with the Lease Assignment of the Kearsarge Gold Project. Target is to close the transaction by May 31, 2020.

29.04.2020 (625 Clicks)

QRC applauds Glencore’s Investment to secure COVID-19 Testing Equipment for Mount Isa

The Queensland Resources Council has welcomed a $45,000 investment from Glencore to secure vital COVID-19 testing equipment for the Mount Isa Hospital.

QRC Chief Executive Ian Macfarlane applauded the move which would significantly reduce the turnaround time for results or the time taken to receive results.

“I’d like to congratulate Glencore for working with health authorities to ensure Mount Isa is equipped with the capability of testing samples at the hospital instead of flying the samples to Brisbane or Townsville,” Mr Macfarlane said.

The cartridge and nasal swab collection kit or GeneXpert IV-4 instrument can obtain results within three hours - compared to more than three days previously.

Mr Macfarlane said the shorter testing times would be vital for people in Aboriginal and Torres Strait Islander communities in the State’s North West who health authorities have identified as having a higher risk to the coronavirus.

“I’ve recently been in discussion with the newly elected Mayor of Mount Isa Danielle Slade about the role the sector is playing in ensuring the health and safety of its workers and the communities in which we operate,” he said.

The equipment would have a long-term benefit to the Mount Isa Hospital with its ability to analyse other respiratory issues. Across its operations globally Glencore has established a $25 million Community Support Fund to assist communities during the coronavirus pandemic.

Source: QRC