Anglo American plc announces the completion of the demerger of its thermal coal operations in South Africa. Thungela Resources Limited will start trading today through a primary listing on the Johannesburg Stock Exchange under the abbreviated name “Thungela”, and a standard listing on the London Stock Exchange (ticker symbol “TGA”). As a leading South African thermal coal exporter, Thungela offers investors access to a high quality thermal coal business with low cash cost and high-margin assets and a strong balance sheet, underpinned by a robust ESG framework.
As part of its portfolio optimization and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the U.S. West region to the U.S. based company Martin Marietta Materials, Inc. The sale price is USD 2.3 billion in cash.
Metso Outotec has completed the reorganization of its Metals business as part of the turnaround program announced in Q4/2020. As a result, the segment’s operational model has been adjusted to better meet customer needs, as well as the scale and nature of the business today.
SNC-Lavalin announced that it has completed the previously announced agreement to sell its South African Resources business to local management. The sale forms part of the Company’s strategy to focus on becoming a leading professional services and project management company, and generate consistent earnings and cash flow.
Sandvik Board of Directors has decided to initiate an internal separation of the business area Sandvik Materials Technology. The intention is to increase Sandvik Materials Technology’s structural independence from the Sandvik Group and thereby put greater focus on the business’ future development possibilities as well as create flexibility.
Haver & Boecker has established its global brand Haver & Boecker Niagara to combine the engineering expertise and product portfolios of its three mineral processing locations in Brazil, Canada and Germany. In the past, the three locations acted individually for their respective regions and territories. Customers around the world will benefit from shared innovative technology, more in-depth consultations, greater parts availability and better delivery times.
Carey Smith named Chief Operating Officer
In alignment with the strategic review Skanska undertakes a comprehensive restructuring of the business to improve profitability. Skanska will also make a number of organizational and leadership changes.
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Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) announces that it has completed the sale of its Parral properties in Chihuahua, Mexico, including the Veta Colorada, La Palmilla, and San Patricio properties.
LafargeHolcim announces that it has launched a project to reshape its corporate structure. The planned reorganization reflects the end of the integration phase and the fact that the Group is now entering a new phase of its development.
Aker Solutions is introducing a new executive management team as part of a broader reorganization aimed at further strengthening operational and financial performance and better meeting customer needs.
LKAB is continuing to focus on improving efficiency through cost control and through volume and productivity increases. Stable production and improved delivery volumes resulted an operating loss of MSEK -277 (-228) for the quarter, where hedging activities had the main negative impact.
Second Quarter Better Than Expected / Revised Full-year Outlook / In Line With Wall Street Estimates
Rio Tinto chief executive J-S Jacques said “Rio Tinto has delivered another robust quarter of operational performance. We continue to focus on value and maximising cash flow from our assets, through both commercial and operational excellence while maintaining capital discipline. This will ensure that Rio Tinto is well-positioned to generate compelling and consistent returns for our shareholders.”
Sandvik has signed an agreement to divest its Mining Systems operations, reported in the Sandvik income statement as discontinued operations, to the private equity company CoBe Capital. Sandvik will maintain ownership of ongoing projects which are close to finalization.
The closing of the transaction is expected during the fourth quarter of 2016, subject to the satisfaction of certain conditions precedent. The parties have agreed not to disclose the purchase price.
As the top management of Bosch thought long and hard about new strategic business fields, the field of commercial vehicle and off-road (CVO) was still no more than a promising idea. Market studies showed that it was more than that. In this segment, encompassing trucks and 4000 hp construction machines, forklifts and harvesters, there is a potential for growth in the billions of euros in countries with increasingly strict environmental and safety regulations as well as in emerging regions with cities whose populations are rapidly exceeding the one million mark.
Rio Tinto will strengthen its organisational structure to continue to drive performance under its new chief executive Jean-Sébastien Jacques.
From 2 July 2016, Rio Tinto’s product group structure will be adjusted to better align the Group’s assets with the business strategy to help drive further efficiencies and optimise performance. The Group’s world-class assets will be firmly at the centre of the business and will be supported by efficient and agile global functions.
Bartec Group, the leading industrial safety technology provider, has today appointed Dr Thomas Lützenrath as the Group’s new CEO.
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.