The development of the underground mine at Oyu Tolgoi in Mongolia has taken a significant step forward today with the signing of the Oyu Tolgoi Underground Mine Development and Financing Plan (the Plan) by the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. The Plan addresses the key outstanding shareholder issues and sets out an agreed basis for the funding of the project.
Amec Foster Wheeler announces today it has been awarded the initial phase of an Engineering, Procurement and Construction (EPC) contract by Anagold Madencilik for the expansion of the Çőpler Gold Mine in the Çöpler District, Erzincan Province, Turkey. The value of the reimbursable contract has not been disclosed.
Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) has signed a non-binding letter of intent with OceanaGold Corporation (TSX/ASX/NZX: OGC) (“OceanaGold”) to sell Newmont Waihi Gold Limited. Terms of sale include cash proceeds of US$101 million, a US$5 million contingent payment, and a one percent Net Smelter Royalty on a recent discovery north of Waihi’s current operations.
MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei Shipbuilding Limited for two subsea knuckle boom cranes to be installed on the world's first seabed mining vessel. Delivery of the cranes is scheduled for Q1/2017. The order was booked into first quarter 2015 order intake.
ThyssenKrupp is selling the VDM group to Lindsay Goldberg, represented in Europe by Lindsay Goldberg Vogel, Düsseldorf. The contract partners concluded a corresponding agreement today. The purchase price has not been disclosed. Completion of the sale is subject to the approval of the supervisory boards and the competent antitrust authorities.
Fluor Corporation (NYSE: FLR) announced today that it signed a strategic relationship agreement with Goldcorp to serve as the Canadian mining company’s partner-of-choice for studies and engineering and construction services.
Amec Foster Wheeler announces today the award of two contracts by Freeport-McMoRan Inc. for the design and supply of a new wet flue gas desulfurization system at their existing copper smelter facility in Miami, Arizona, USA.
Hatch was retained by New Zealand Steel to design and supply Hatch’s Coating Mass Control (CMC) technology for their existing metal coating line at their facility southwest of Aukland in Glenbrook, New Zealand.
BASF has completed the installation and start-up of new high-performance milling and decanning equipment at its Cinderford, Gloucestershire, UK, precious metal recycling operation, more than doubling the plant’s production capacity.
ABB, the leading power and automation technology group, has launched Knowledge Manager Production Scheduler, a new software solution to manage and optimize production scheduling in cement plants.