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05.05.2020 (816 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 (679 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 (897 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 (808 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 (708 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 (1204 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.

In addition to the geotechnical ground investigation, Fugro will provide geotechnical design of all civil structures, including ground-retaining walls and earthworks for widening the motorway. The scope of work also covers preparation of a 3D ground model, which will facilitate more efficient scenario analysis and integration with the project’s building information model (BIM).

The A9 project involves the widening of 10 km of existing motorway between the Holendrecht and Badhoevedorp junctions, including a deep cut (open tunnel) nearly 2 km long. This section of the A9 passes through a densely populated area between Schiphol and Amsterdam, which presents additional challenges for the acquisition of Geo-data along this busy stretch of road.

The ground investigation itself will comprise more than 1,500 cone penetration tests, 90 deep soil borings, 150 hand auger borings, and laboratory tests on selected samples. Fugro will compile these acquired Geo-data and other deliverables into a single integrated geographic information system (GIS) for streamlined project management and analysis.

Leonard Sands, Fugro’s Director of Land Site Characterisation for Europe and Africa, said: “This project is an excellent example of Fugro’s consulting-led value, where we apply our engineering expertise to characterise and mitigate ground risk in the design phase to ensure our client’s success.”

Source: Fugro

                     

30.04.2020 (803 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 (812 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 (639 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 (638 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.