31.10.2023

Singapore: tunnelling for "Deep Tunnel Sewerage System" DTSS completed - 19 Herrenknecht TBM and 1 VSM involved

Milestone for the epoch-making "Deep Tunnel Sewerage System" (DTSS) project in Singapore: the five contractors have completed tunnelling works for the second construction phase of the gigantic sewer pipe system.  

31.10.2023

SMT Scharf AG upgrades revenue and earnings guidance on the strength of preliminary Q3 2023 results

•    Consolidated revenue up slightly to EUR 22.4 million in Q3 2023
•    Significant growth in profit from operating activities (EBIT) to EUR 5.9 million in Q3 2023
•    Nine-month consolidated revenue at EUR 54.1 million and EBIT at EUR 4.1 million
•    Guidance upgrade for consolidated revenue to EUR 76.0 million and for EBIT to EUR 4.5 million

SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), one of the world’s leading providers of customised transport solutions and logistics systems for underground mining, increased its consolidated revenue slightly by 1.4 % to EUR 22.4 million in the third quarter of the 2023 fiscal year (Q3/2022: EUR 22.1 million), thereby achieving total consolidated revenue of EUR 54.1 million over the course of the first nine months of 2023 (9M/2022: EUR 59.6 million).  

30.10.2023

Lift complete! HS2’s next tunnelling machine names revealed

First 1,700-tonne machine has been lifted in parts down into a shaft  

28.10.2023

ArcelorMittal – Statement regarding tragic accident in Kazakhstan

ArcelorMittal can confirm that earlier on the 28th October, a tragic accident occurred at its Kostenco coal mine.

ArcelorMittal can confirm that earlier on the 28^th October, a tragic accident occurred at its Kostenco coal mine. As at this time, 25 of our employees are confirmed dead with a further 21 still missing. 206 people were safely evacuated to the surface. No words can adequately convey the devastation the company feels following this accident. Everything that can be done to support the families who have lost loved ones through this deeply painful time will be done.

ArcelorMittal can also confirm, as communicated earlier today by the government of Kazakhstan, that the two parties have been in discussions concerning the future of ArcelorMittal Temirtau and recently signed a preliminary agreement for a transaction that will transfer ownership to the Republic of Kazakhstan.

ArcelorMittal is committed to completing this transaction as soon as possible in order to minimise disruption to the greatest extent possible. Both parties are very much focused on an outcome that is in the best interests of the people who work at the steel plant and iron-ore and coal mines, as well as the communities the operations support. Further statements will be made as appropriate.

Source: ArcelorMittal

#accident #coal #Kazakhstan (KZ) #Mining

                     

28.10.2023

SMT Scharf AG: Supervisory Board appoints new Managing Board

- Reinhard Reinartz becomes the company’s new CEO and COO

- Volker Weiss to be the company’s new CFO with effect from November 1, 2023

- New Managing Board with many years of management expertise at internationally active mining suppliers

SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2), one of the world’s leading providers of customised transport solutions and logistics systems for underground mining, announces that the Supervisory Board has appointed Mr. Reinhard Reinartz as the company’s new Chief Executive Officer (CEO).