- Public-private partnership project with a total private sector investment value of about € 400 million
- Strabag's stake in the concession company 10 %
- Strabag's stake in the construction consortium 25 %
At the Capital Markets Day in Sandviken, Sweden, Björn Rosengren, President and CEO and Tomas Eliasson, Executive Vice President and CFO of Sandvik, presented the fundamentals of Sandvik’s strategy.
New Gold Inc. ("New Gold") (TSX:NGD) (NYSE MKT:NGD) announces that it will host its Annual General Meeting of Shareholders on Wednesday, April 27, 2016.
Parsons announced that Amardeep Grewal has joined the corporation as Vice President, Project Development. In this role, he will focus on identifying investment opportunities, strategic partnering, and bid management.
The latest World Exploration Trends report from SNL Metals & Mining, a group within S&P Global Market Intelligence, reveals that the global exploration sector continues to struggle against strong market headwinds.
The Datwyler Group had to contend with significant negative currency effects in 2015 following conversion of revenue and profit into Swiss francs. Net revenue amounted to CHF 1’165.2 million, which equates to organic growth of 1.8% (adjusted for currency effects). In spite of the challenging climate, the EBIT margin of 10.8% was almost as high as the previous year. The operating result (EBIT) was down slightly at CHF 126.1 million. At the previous year’s exchange rates this represents a slight increase. The net result decreased to CHF 82.2 million. Given the solid profitability and the promising prospects for the future, an unchanged cash dividend of CHF 2.20 per bearer share will be proposed to the General Meeting of Shareholders. Thanks to the new shared infrastructure platform in the Technical Components division and the strong market positions of the Sealing Solutions division, Datwyler is feeling confident about 2016.
PJSC MMC Norilsk Nickel (hereinafter referred to as "the company"), a leading global producer of nickel and palladium, announces its decision to establish Global Palladium Fund L.P. and set its financing commitment at up to USD 200 million for potential transactions.
A report commissioned by the Queensland Resources Council has found that a third of the state’s coal mines are operating at a loss. The study, by industry intelligence experts Wood Mackenzie, was commissioned as a part of the QRC’s State of the Sector report, which is a quarterly economic snapshot of the sector. QRC Chief Executive Michael Roche said the data backs up what industry leaders have been telling him over the past few months.
Further to the company announcement on Tadawul website on 18/03/1437H (corresponding to 29/12/2015G) the Saudi Arabian Mining Company (Maaden) announces that the expected financial impact as a result of the amendment of the energy prices and electricity tariffs would be a decrease in the company consolidated net income of around 120 million Saudi riyals, the company expects the results of these amendment to show in 2016 financial results.
With reference to the Ministerial Resolution dated Monday 17 Rabi Al-Awwal 1437 corresponding to December 28, 2015, Saudi Arabian Mining Company (Maaden) announces that there will be a financial impact on the company's profit as a result of the amendment of the prices of energy products and electricity tariffs.
The previously announced start of Selective Mining in early 2016 has, for practical reasons, been brought forward. This will slightly decrease the 2015 annual production from the previously announced production guidance of 550-600 kg of gold. The co-operation negotiations have been concluded and about 50 % of the Pampalo mine operational personnel have been temporarily laid off from latest today’s date. Endomines will, as normal, release its quarterly production update early January 2016.
BHP Billiton President Copper, Daniel Malchuk, announced plans to lower copper unit costs to US$1.08 per pound in the 2017 financial year, supporting strong cash margins even at today’s prices. Over this period, the release of latent capacity across the portfolio will also help annual Group copper production grow to approximately 1.7 Mt at very low cost. This strong recovery will be supported by our differentiated water and power solutions in Chile which will provide us with a significant competitive advantage.