Wajax Income Fund announced that its Industrial Components business unit, Kinecor, has agreed to acquire the assets of Weir Process Equipment, a division of Weir Canada Inc. for $25.4 million, subject to post-closing adjustments. The transaction is conditional on approval by the federal Competition Bureau. Closing will occur following receipt of approval which is expected [...]
Breakwater Resources Ltd. Effective today, Breakwater exercised its right pursuant to the terms of the Unsecured Subordinated Convertible Debenture issued by Blue Note Mining Inc. (formerly, Blue Note Metals Inc.) dated August 1, 2006 to convert the Debenture in exchange for a twenty percent (20%) interest in the mineral properties and mine facilities which [...]
Rio Tinto Alcan marked the signing of a one-of-a-kind labour agreement with sixteen labour unions for the construction of the Kitimat Modernization Project at a ceremony in Vancouver. This agreement between the Kitimat Modernization Employer Association and the unions facilitates access to the qualified British Columbia building trades workforce, with joint commitments to local and [...]
Mechel OAO, one of the leading Russian mining and metals companies, announces it is launching a gas cleaning system in the arc furnace shop of its Otelu Rosu facility at Ductil Steel, a Romanian company acquired by Mechel in April 2008.
Commissioning of the gas cleaning system was timed with the celebration of Metallurgist Day in [...]
Mechel OAO, one of the leading Russian mining and metals companies, announces that its subsidiary, Yakutugol Joint Stock Holding Company, continues active construction work on the Elga coal deposit access road.
In February 2008, Mechel started construction of the railway spur-track to the Elga deposit. An opening ceremony for this work was held on June 22, [...]
Pele Mountain Resources Inc. announced that it has assembled a world-class technical team to develop its recently-named Eco Ridge Mine project in Northern Ontario’s historic Elliot Lake uranium camp. In October 2007, Pele received a positive scoping study for the project which outlined a NI 43-101 compliant resource of 6.4 million pounds of “indicated” U3O8 [...]
Fluor Corporation announced today the opening of its Alaska office in Anchorage to support projects in the region. An initial staff of 50 employees, backed by Fluor’s global workforce, will perform engineering, procurement, construction and maintenance services for the oil and gas, mining, and government sectors.
The office will be located at 3800 Centerpoint Drive, Suite [...]
Gemcom Software International Inc., the largest global supplier of specialised mining productivity solutions, today provided an update on growing Gemcom Minex(TM) sales momentum in Asia Pacific. Strong demand for the software is being fuelled by booming commodity demand and mining companies seeking improved tools for geology and mine planning.
Minex is a comprehensive geological modelling and [...]
