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05.05.2020 (818 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 (680 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 (901 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.

CEO of Anglo American Platinum, Natascha Viljoen, stated: “I am pleased to report that we have safely and successfully completed the repair of the ACP Phase B unit ahead of schedule, enabling the restart of refined production of our platinum group metals and our base metals. We were vigilant in adhering to strict health and safety protocols to keep the repair team safe during the lockdown, whilst ensuring that we were able to implement social distancing and hygiene requirements which form our new way of working during the Covid-19 pandemic. We have carried out substantial testing to ensure the stability of the ACP Phase B unit, and as we complete the ramp-up, we are engaging with suppliers of concentrate to lift force majeure imminently. All temporary commercial arrangements applicable during the force majeure period will revert to normal commercial terms.”

The estimated final cost of repairs for ACP Phase B is c.R150 million, in line with the lower end of guidance provided. Repair work on the ACP Phase A unit continues and is progressing in line with the project plan. All orders for long lead items have been placed and the dismantling work started on site.

Due to the time taken to refine the respective platinum group and base metals, the force majeure notice remains in effect for our refined metal customers. Force majeure arrangements with these customers will be lifted in the future and in line with the provisions of our agreements.

Given the collective uncertainty around the start-up of ACP, the ramp-up of mining operations and the potential impact of Covid-19, Anglo American Platinum retains its current guidance and will provide an update as appropriate when we have further information and clarity on production.

A safe and successful repair under lockdown

In accordance with lockdown regulations, the repair team was able to continue with repairs throughout the extended lockdown period in South Africa. All materials required for repairs were ordered and available on site ahead of the lockdown, and there were no supply chain disruptions that impacted the ability to complete the repairs. Safety protocols were implemented on site in line with Government approvals and regulations. A construction work risk review was completed to determine work phasing, method of execution, key resource identification and increased health protocols.

The ACP construction repair team was split into two teams that self-isolated for the duration of the repair work, and Covid-19 specific health protocols were put in place for cleaning, screening and transport to site. A new shift pattern was introduced that fostered social distancing. Increased site hygiene measures for sanitisation, together with site safety and health supervision were implemented to ensure safety and quality of construction. We have reported zero injuries, zero health issues or positive Covid-19 cases and did not experience any health and safety or construction issues during the repair and ramp up.

The Company’s ability to continue these essential repairs during lockdown has been critical to the resumption of the processing pipeline. As a result of the incidents at the ACP, and the need to shut operations to secure a safe operational environment for employees, the Company could not process any metal to final product during this period. With mining activity resuming to varying degrees under the current Level 4 lockdown restrictions, the Company is now able to begin processing concentrate and releasing metal from the pipeline.

Source: Anglo American

                     

02.05.2020 (810 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 (711 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 (1205 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 (804 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 (813 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 (640 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 (641 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.