Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its internal credit approvals,... 

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Technip Awarded Contract For a 800,000 Tons/Year Liquefied Natural Gas Plant in China

Technip has been awarded by Ningxia Hanas Natural Gas Company Ltd, a lump sum contract for of a mid-scale liquefied natural gas (LNG) plant to be built in Yinchuan, China. The contract covers the engineering, supply of main equipment, procurement and construction management services for facilities for natural gas pre-treatment, liquefaction, LNG storage and loading, utilities, offsites, buildings and... 

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Peabody Energy Enters Sales Agreement for Non-Strategic Interest in Australia Mine

Peabody Energy announced it has entered into a sales agreement for its 62.5 percent interest in the Baralaba Mine in Australia with Cockatoo Coal Limited. Peabody is receiving approximately US$33.6 million [A$52.5 million] for its interest in Baralaba, which has approximately 1.5 million tons of remaining reserves and produced approximately 330,000 tons of thermal and PCI coals in 2007. Baralaba’s... 

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Flowserve Signs Long-Term Strategic Agreement with Oil and Gas Giant Saudi Aramco

Flowserve Corporation, one of the world’s leading providers of flow control products and services for the global infrastructure markets including oil and gas, power, chemical water and general industries, today announced it has signed a 10-year strategic supplier agreement with Saudi Aramco, one of the world’s largest oil producing companies. The supply agreement includes Flowserve’s entire... 

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Oil Refineries Notified on Legal Claim Filed Against Subsidiary Carmel Olefins

Oil Refineries Ltd., Israel’s largest oil refiner, announced that it has received a notification from its subsidiary, Carmel Olefins Ltd. (a private company in which the Company holds 50%, and in respect to which the Company has signed an agreement to purchase the balance of its shares as outlined in the press release dated June 25, 2008) (hereinafter: “CAOL”). Under the notification: ... 

Sasol and Shenhua Ningxia Coal Industry Contract Engineering Companies to Advance 80 000b/d CTL Study

The Shenhua Ningxia Coal Industry Group and its partner Sasol, today signed a contract with Foster Wheeler International Corporation and Wuhuan Engineering Company to carry out the Feasibility Study for an 80 000 bbl/d coal to liquids (CTL) plant at the Ningdong Chemicals Base in the Ningxia Hui Autonomous Region of China. The Ningdong base is already well advanced with a number of operating plants... 

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Hatch Ltd. Honored with Project Management Institute’s 2008 Project of the Year Award

Hatch Ltd. has been awarded the Project Management Institute (PMI) Project of the Year Award for its expansion of Quebec Iron and Titanium’s (QIT) Upgraded Slag (UGS) plant in Sorel-Tracy, Quebec, Canada. Hatch’s project was selected from a host of successfully completed projects from around the world. This award, presented on 18 October at PMI® Global Congress 2008-North America in Denver,... 

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Harsco Receives $17 Million Contract Award for Additional Mill Services in France

Worldwide industrial services company Harsco Corporation announced it has been awarded a new six-year contract valued at more than $17 million to provide steel upgrading and finishing services in France, continuing Harsco’s expanding role in providing on-site, value-adding service solutions to the global metals industry. The award from Ascometal’s Fos sur Mer operations in the south of... 

Northwest Pipe Company Announces $6M Order

Northwest Pipe Company reported it was awarded a contract by the Greater Vancouver Water District of British Columbia for the Seymour and Capilano Filtration Twin Tunnels project. The Seymour and Capilano watersheds supply up to 70% of the Lower Mainland’s drinking water. Construction of new water supply and treatment facilities for these water sources is underway in the Lower Seymour Conservation... 

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Gossan Retains Hatch to Provide Engineering Process Support for the Inwood Magnesium Project

Gossan Resources Limited has retained Hatch of Montreal, Canada, to provide engineering process support for the Inwood Magnesium Project The agreement covers a 5-phase work program culminating with the opening of a Certificate of Authorization file with the Manitoba government for construction and environmental approvals for a production facility at Inwood, located in south-central Manitoba. The initial... 

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