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19.05.2020 (686 Clicks)

QRC farewells New Hope’s Shane Stephan

The Queensland Resources Council (QRC) has thanked Shane Stephan for his distinguished leadership as Chief Executive Officer & subsequently Managing Director of the New Hope Group after 11 years with the company.
QRC Chief Executive Ian Macfarlane said New Hope Group announced Shane would retire from the company at the end of August.

16.05.2020 (666 Clicks)

QRC welcomes more Land for Gas Exploration

The Queensland Resources Council, the peak organisation for the State’s coal, metal and petroleum producers, explorers and suppliers, has welcomed the release of more than 6,700 square kilometres of land in the Surat and Bowen basins between Blackwater and Goondiwindi for gas exploration including domestic-only gas.

15.05.2020 (897 Clicks)

Call-for-Papers of the US Conference for Underground Construction RETC 2021 has started

The 2021 RETC abstract submission site is now available. You can help contribute to a dynamic technical program next June by sharing innovative solutions and outcomes to interesting or unique challenges.

15.05.2020 (709 Clicks)

Olive Downs Coking Coal Project in Australia receives Federal Environmental Approval

Pembroke Resources has received approvals from the Department of Agriculture, Water and the Environment under the Environment Protection and Biodiversity Conservation (“EPBC”) Act for its Olive Downs Coking Coal Project (“Olive Downs”) in Central Queensland.

14.05.2020 (802 Clicks)

Costain to take important Role in Shaping UK Industry’s Journey to net Zero by 2050

UK Research and Innovation recently announced funding for the first phases of the Deployment and Roadmap programme for industrial decarbonisation strategies, run on behalf of the UK government.

14.05.2020 (694 Clicks)

Senex delivers more Power for Queenslanders

Senex Energy has signed a new gas supply agreement with 2.55 petajoules (PJ) of natural gas flowing from the company’s Atlas operations to CleanCo the new publicly owned generator of low-emissions electricity.

14.05.2020 (779 Clicks)

SMT Scharf AG: Business in Q1/2020 burdened significantly by Coronavirus

• Consolidated revenue down to EUR 10.7 million due to coronavirus pandemic
• Operating result (EBIT) decreases to EUR -2.1 million
• High order book position of EUR 29.4 million reflects delayed order processing
• Subdued outlook in the mining equipment market owing to Covid-19 effects

13.05.2020 (735 Clicks)

SEMAFO: Cash Flow from Operating Activities - Transaction Update

SEMAFO Inc. (TSX, OMX: SMF) announced results of operations for the three-month period ended March 31, 2020.

All amounts are in US dollars unless otherwise stated.

Highlights

The following 2020 highlights include a 4-week suspension of operations at the Boungou Mine.

• Signing of definitive agreement with Endeavour
• Consolidated gold production of 81,900 ounces
• Gold sales of $123.2 million
• All-in sustaining cost1 of $888 per ounce sold
• Operating income of $33.2 million
• Net income attributable to shareholders of the Corporation of $14.1 million or $0.04 per share
• Adjusted net income attributable to shareholders of the Corporation1 of $20.8 million or $0.06 per share1
• Cash flow from operating activities before changes in non-cash working capital1 of $60.0 million or $0.18 per share1
• Full production rate of 2,000 tpd reached at Siou underground (UG)
• SEMAFO provides Endeavour transaction update, including update on timing, mailing of meeting materials for May 28 Special Meeting and Board resolutions passed to apply for delisting from the TSX and Nasdaq Stockholm pending closing of transaction

Benoit Desormeaux, President and Chief Executive Officer of SEMAFO, stated: 'Despite a four-week shutdown at Boungou and the implementation of preventive measures against the COVID-19 virus, we delivered a solid first quarter that included a smooth ramp-up of Siou underground to full production. During the quarter, we announced a strategic transaction with Endeavour that continues to receive strong stakeholder support. We remind our shareholders to vote in favour of the transaction at the special shareholder meeting that will be held virtually on May 28. Details on how to attend and vote are provided in the joint circular that has been mailed to shareholders, filed on SEDAR and is available on our website.'

(1) All-in sustaining cost, adjusted net income attributable to shareholders of the Corporation and per share, cash flow from operating activities before changes in non-cash working capital and per share are non-IFRS financial performance measures with no standard definition under IFRS. See the 'Non-IFRS Financial Performance Measures' section of the 2020 First Quarter MD&A, note 18.

Source: SEMAFO

Further information: Link

                     

13.05.2020 (682 Clicks)

BAUER AG starts off the Financial Year with a slight Drop in Sales and increased Order Backlog

The BAUER Group closes the first quarter with a decline in EBIT but very high order backlog. The total Group revenues decreased by 5.0% from EUR 410.9 million to EUR 390.2 million, compared to the same period of the previous year. Sales revenues also dropped by 2.3%, from EUR 341.9 million to EUR 334.0 million. EBIT fell from EUR 10.5 million in the previous year to EUR 6.3 million. Earnings after taxfor the Group were EUR -5.0 million, compared to EUR -5.1 million in the previous year.

13.05.2020 (796 Clicks)

Anglo American supports global Fight against gender-based Violence through their WeCare Lives and Livelihoods response to COVID-19

Anglo American is providing extensive support to its employees and host communities through its global WeCare lives and livelihoods programme response to the COVID-19 pandemic. As part of the WeCare programme, Anglo American today announces its contribution towards accelerating the fight against gender-based violence, given the significant increases in cases of gender-based violence in many countries during lockdown.