BE Group makes changes in structure and organization in order to create a clearer link to the groups business solutions. In each business area, responsibility is decentralized to business units focused towards Distribution and Production.

The Board of Directors of BE Group has made a decision to restructure the businesses in Czech Republic and Slovakia. The restructuring is in line with the Group´s efforts to improve profitability and to focus on its main markets in Sweden, Finland and the Baltics.

Atlas Copco, a leading provider of sustainable productivity solutions, will move the operations of two of its mining consumables production facilities in the United States to an existing U.S. facility, which will be expanded. The move will increase efficiency in a challenging mining business, and ensure top-quality service for customers.

SSAB announces today that it has initiated negotiations to reduce the workforce in its Nordic operations. The workforce will be reduced by a maximum of 465 employees in total. The negotiations mainly affect employees in Oxelösund and Borlänge, Sweden.

The engineering and services group Bilfinger is selling its Water Technologies division. The buyer is Chinese company Chengdu Techcent Environment Group which has been active in the water technology sector for many years. The agreement was signed today.

Following the restructuring of the RWE Group, Dr. Arndt Neuhaus, CEO of RWE Deutschland AG, will step down from his positions within the Group ahead of schedule. He will leave the Group by mutual agreement on 31 January 2016, bringing more than 14 years of service with RWE to an end.

De Beers Consolidated Mines (DBCM) announced that it has completed the sale of Kimberley Mines (all assets, including the tailings mineral resource) to Ekapa Minerals (Pty) Limited.

Parsons announced Forward, an initiative to reorganize its business operations to better serve its customers and create more opportunities for growth. With the new structure, the company will streamline its reporting structure and simplify layers of management while improving its administrative processes.

Saipem has signed an agreement for the transfer of the business line comprising the Vibo Valentia and Rome project execution centres to Tecnomare, in line with the company's strategy of optimization and focus on core businesses presented in its new industrial plan.

Anglo American plc (“Anglo American”) announces that it has entered into a Sale and Purchase Agreement (“SPA”) (and agreed to enter into a related Royalty Deed) with Australian Pacific Coal Limited (“AQC”) as guarantor and a subsidiary of AQC as purchaser to sell its 83.33% interest in the Dartbrook Coal Mine (“Dartbrook”) in the Hunter Valley, New South Wales, Australia.

SSAB increases focus on service and after market business with a new business unit SSAB Services and adjusts the group executive committee

Hatch and Mott MacDonald have announced that the Hatch Mott MacDonald (HMM) joint venture will be separated into two distinct businesses. HMM’s Canada business will become part of Hatch while HMM’s US business will become part of Mott MacDonald. HMM’s Pipelines business, which operates in both Canada and the US, will also join Mott MacDonald.

BASF is reorganizing its paper, water, oilfield and mining businesses within the Performance Chemicals division to foster customer and industry focus and increase competitiveness.

Thomas Pfister is the new Director of Sales and Technology

3Q Highlights

EBITDA of NOK -169 million

SSAB is to initiate employer-employee negotiations regarding a potential reduction in the workforce at SSAB Europe division’s production site in Raahe and in the Ruukki Construction division. These negotiations are being initiated due to reasons related to production, financial situation and operational restructuring.

OMV, the integrated, international oil and gas company, has announced its intention to sell a stake of up to 49% in its wholly owned subsidiary Gas Connect Austria (GCA), a company that operates and constructs natural gas high-pressure pipelines in Austria.

IAMGOLD Corporation recently announced that the company has started a process to reduce by 10% the number of employees at its Rosebel Gold Mines in Suriname.  Over the past two years IAMGOLD has reduced overall costs by approximately $175 million and improved productivity at its mines, resulting in a drop of the Company's all-in sustaining costs at its gold mines by $120 per ounce since Q2 2013.