Archive for the ‘Mining Equipment’ Category

ITT Chosen to Move Filtered Seawater to the High Desert for Large-Scale Mining Project in Chile

ITT Corporation has received a multi-million dollar contract to provide filtered seawater to Esperanza, a large new copper-gold mining project in Chile’s Atacama Desert, the driest desert in the world. The mine will be the first large-scale mine in Chile to make use of seawater in the mining process.
As part of the project, ITT will [...]

Wednesday, July 23rd, 2008

Heartland, Inc. Secures Financing for the Lee Oil Company Acquisition

Heartland, Inc. a fast growing business with experience in fabricated metals and retail has secured financing for the acquisition of the Lee Oil Company including Lee Food Marts and Lee Enterprises through Choice Financial Group of Grand Forks, North Dakota. The agreement calls for a loan in the amount of $3,250,000 at a fixed rate [...]

Wednesday, July 23rd, 2008

Caterpillar Inc. Announces Autonomous Mining Collaboration Designed to Improve Mine Site Productivity, Efficiency and Overall Sustainability

Caterpillar Inc. has announced a groundbreaking alignment with BHP Billiton to develop an autonomous mining haulage system. The agreement couples the market leader in mining equipment with the world’s largest diversified natural resources company.
“Our joint autonomous technology project is a significant initiative that will bring benefits to both Caterpillar and BHP Billiton,” said Caterpillar Group [...]

Wednesday, July 23rd, 2008

Northwest Pipe Reports Record Results

Northwest Pipe Company reported record sales, earnings and backlog for the second quarter of 2008. Sales in the second quarter ended June 30, 2008 were $112.1 million compared to $101.9 million in the same quarter of 2007. Net income in the quarter was $8.4 million, compared to $5.7 million in the second quarter of 2007. [...]

Wednesday, July 23rd, 2008

American Metal & Technology, Inc. Announces Preliminary Second Quarter 2008 Results

American Metal & Technology, Inc., a leading manufacturer in the People’s Republic of China engaged in the development, manufacture and sale of high-precision metal casting and metal fabrication products to European and U.S. markets and microprocessor- controlled electronic circuit boards in China, today announced preliminary results for the second quarter ended June 30, 2008. The [...]

Tuesday, July 22nd, 2008

Lundin Mining Corporation: Tenke Project Update

Lundin Mining Corporation is pleased to provide an update on the Tenke Fungurume Copper/Cobalt Project, in Katanga Province, Democratic Republic of Congo. Lundin Mining holds a 24.75% interest in Tenke Fungurume. The project is under construction by operating partner Freeport-McMoRan Copper & Gold Inc. (”Freeport”). Upon completion of this first phase of Tenke development, the [...]

Tuesday, July 22nd, 2008

USR Technology, Inc. Announces Letter of Intent With Euroslot SA Valued at $2 Million

USR Technology, Inc., is pleased to announce that it has entered into a Letter of Intent, dated July 3, 2008, with Euroslot SA, a private French company which specializes in the production of metallic filtration separation media for the oil and gas drilling industry.
The letter of intent with Euroslot addresses two principal areas. The first [...]

Monday, July 21st, 2008

Frost & Sullivan Commends General Cables’ Efforts in Energy Exploration and Value-Added Services

Frost & Sullivan presented General Cable with the 2008 North American Frost & Sullivan Award for Growth Excellence in the Energy Cables market. The Award recognizes General Cable for serving a diverse set of customers, with wide ranging applications, on a truly global scale.
The company has achieved consistent growth in the world interconnects space – [...]

Monday, July 21st, 2008

Earth Search to Acquire General Synfuels International

Earth Search Sciences, Inc., announced the acquisition of General Synfuels International, Inc. (GSI) and its patented technology to recover hydrocarbons through an environmentally-conscientious gasification process.
GSI has agreed to the buyout involving an undisclosed amount of cash and shares. The acquisition enables key Earth Search subsidiary, Petro Probe, Inc., to establish a joint venture and commercial [...]

Monday, July 21st, 2008

SBM Offshore Signs New Contracts for Angola and Components for Installation Vessels

SBM Offshore N.V. is pleased to announce the following contract awards:
1. BP Angola FPSO
A call off frame contract has been obtained from BP Angola in support of a development programme offshore Angola. The initial contract call off has been signed for early engineering and fabrication works to support enhanced local fabrication capability in the region.
Subject [...]

Saturday, July 19th, 2008