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27.08.2020 (582 Clicks)

Grundfos: Satisfactory financial Performance despite the COVID-19 Pandemic

The pandemic has had a significant impact on markets globally in the first half of 2020. Grundfos has seen lower activity in all markets globally. However, there are positive trends emerging in important market areas such as China, the US and a number of countries in Western Europe.

“In light of the global crisis, we are satisfied with our financial performance. We and most of our customers are impacted by COVID-19. Our main priority is the health and well-being of our employees and partners, and ensuring our ability to supply our customers,” says Mads Nipper, Group President & CEO of Grundfos.

“Our colleagues across the globe have done a fantastic job under difficult circumstances. I am very pleased to see the dedication to keep our business running and in ensuring our customers are supplied with the water solutions they need. I am particularly proud to see many cases of fast and effective supply of critical equipment to emergency hospitals and other places where our products and solutions have been essential,” continues Mads Nipper.

Persistent uncertainty in all markets influence the business outlook for the second half of 2020 and for the full-year outlook. Grundfos expects the global markets to remain negatively affected by COVID-19, and expects a full-year decline in sales compared to 2019.

“The COVID-19 pandemic and following crisis are impacting us and will continue to do so. We have managed to stay agile, disciplined and diligent in all areas of our business to navigate through these challenging times and we will continue our efforts and diligently work to ensure that our business remains sound,” says Mads Nipper.

About Grundfos

We pioneer solutions to the world’s water and climate challenges and improve quality of life for people. As a global pump and water solutions company we provide expertise in energy- and water efficient solutions and systems for a wide range of applications, including water utility, water treatment, industries and buildings.

Source: Grundfos

                     

25.08.2020 (640 Clicks)

Fugro supports TxDOT on major Dallas Highway Improvement Project

The Texas Department of Transportation (TxDOT) has selected Fugro to provide site characterisation services in support of a USD 250 million highway improvement project near Dallas.

25.08.2020 (650 Clicks)

Fugro’s new 5-year geotechnical Engineering services Contract for Louisiana DOTD supports roadway and Bridge Design

Fugro has been awarded a 5-year indefinite delivery indefinite quantity (IDIQ) contract by the Louisiana Department of Transportation and Development (DOTD) to provide statewide geotechnical engineering services.

25.08.2020 (692 Clicks)

Underground Fatality

Medusa Mining Limited, through its Philippines operating company Philsaga Mining Corporation, regretfully reports a fatal accident has occured at its Co-O mine.

25.08.2020 (703 Clicks)

Strabag Rail upgrading Rail Network in eastern Germany for Deutsche Bahn

• Two large DB Netz AG orders on the railway lines south of Berlin and between Leipzig and Dresden
• Project Südkreuz (a)–Blankenfelde (Berlin–Dresden Railway / VP 5) in consortium with Strabag AG also includes the connection to the new BER airport
• Project Zeithain (VDE 9) comprises the fundamental renewal of the Bogendreieck–Leckwitz rail section in a consortium with Hentschke Bau GmbH

25.08.2020 (762 Clicks)

Premier answers QRC Call for greater Resource Role in Covid-19 Recovery

The Queensland Resources Council has welcomed Premier Annastacia Palaszczuk’s commitment to strengthen the resources sector’s role in Queensland’s Covid-19 response and recovery.

24.08.2020 (836 Clicks)

Nexa Resources improves Safety and Ore Recovery with first WebGen blast

By applying the unique features of Orica’s fully wireless initiation system, WebGen™, Nexa Vazante (Nexa Resources) significantly reduced ore dilution from 27% to 20%, resulting in a net benefit of US$1.59 million.

The single blast event achieved a smaller hydraulic radius by keeping the pillar during the stope extraction which in turn resulted in a reduced cycle time to 20 days, down 70% from an expected 90 days by maintaining two mucking access points to the main stope, only possible due to the wireless capability of WebGen™. The unique blasting approach dramatically improved safety by pre-loading the pillar with WebGen™, minimising the exposure of personnel and removing the need to re-enter the area.

24.08.2020 (683 Clicks)

Petropavlovsk PLC: Board Changes

The board of directors of Petropavlovsk PLC announces the appointment of Mr. Malay Mukherjee as a new independent non-executive director with immediate effect.

24.08.2020 (721 Clicks)

Launch of the Fair Cobalt Alliance: Working together to improve Conditions in Cobalt Mines and Communities in the Democratic Republic of Congo

• Founding members of the Fair Cobalt Alliance (FCA), Fairphone, Signify, Huayou Cobalt and The Impact Facility, are today joined by Glencore, the Responsible Cobalt Initiative (RCI), Sono Motors, and Lifesaver to launch the FCA
• The demand for the minerals in battery production, including cobalt, is set to increase to power the transition to a greener economy
• The FCA is set up to work with the Democratic Republic of Congo (DRC) government and civil society partners to tackle problems in the cobalt supply chain linked to artisanal and small scale mining (ASM), such as poor working conditions and child labour, and build a source of responsible cobalt from the ASM sector  
  
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20.08.2020 (646 Clicks)

Improved Safety, Efficiency, and a lower environmental Impact – ambitious EU Project combines Research and Business to reshape Europe’s Mining Industry

The European Commission has granted EUR 8.4 million to a three-year H2020 project that develops an artificial intelligence platform for the monitoring and analysis of mine sites across Europe. The project, called Goldeneye, will develop solutions that improve safety, environmental impact and profitability of mines by creating a platform that combines earth observation technologies with on-site sensing.