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Brims Construction Wins Deal To Build Homes As Part Of PS9M Gateshead Development

The firm secured the deal from the region's newest housebuilder Bede Homes. : The Sunderland company will start work on the scheme to build 30 family homes at Bill Quay later this month, in the latest of a raft of North East projects. The contractor is also working on the new PS11m MACQ performance venue in the heart of Sunderland, as well as carrying out a PS7m refurbishment of the historic Neville Hall, home of the North of England Institute of Mining and Mechanical Engineers in Newcastle.
Read by 74% of LPs February 19, 2020

Odey To Vote In Favour Of Anglo American's Bid For Sirius

London-based hedge fund Odey Asset Management said it would vote against Anglo American's bid to acquire Sirius Minerals at the current offer price of 5.5p a share, saying the terms do not represent fair value. Odey, which recently became a shareholde...
Read by 43% of LPs February 14, 2020

Government Of Odisha Approves Eight Investment Proposals Worth Rs. 1,609.49 Crore | Business Standard News

/ -- The Government of Odisha has approved eight more investment proposals worth Rs.1,609.49 crore in the 89th State Level Single Window Clearance Authority (SLSWCA) meeting. The meeting was held under the Chairmanship of Chief Secretary, Shri Asit Kumar Tripathy in Lok Seva Bhawan conference hall today wherein Shri Hemant Sharma, Commissioner-cum-Secretary, Industries outlined the project proposals for consideration. These proposals will create employment opportunities for 1450 people. The projects were approved in food processing, chemicals, plastics, tourism, steel downstream and infrastructure.
Read by 38% of LPs February 13, 2020

Resources Watch

Urgent steps needed to revive South Africa's economy; Baxter discusses mining industry's electricity self-generation plan; and, Minerals Council South Africa lobbying strongly for junior miners.
Read by 65% of LPs February 12, 2020

Rio Tinto Says China Virus Slowing Copper Ore Imports From Mongolia

Rio Tinto, operator of the giant Oyu Tolgoi copper-gold mine in Mongolia, said its copper concentrate shipments to China had slowed due to efforts by the authorities to contain the spread of the coronavirus. "We have advised customers that we are...
Read by 57% of LPs February 12, 2020

Anglogold Confirms Sale Of Last South African Assets To Harmony

JSE-listed AngloGold Ashanti on Wednesday confirmed that it had reached an agreement to sell its remaining South African producing assets and related liabilities to Harmony Gold Mining Company for about $300-million. The purchase price includes $200-mi...
Read by 62% of LPs February 10, 2020

Russian Gold Miner Ugc Invests In Petropavlovsk

Russian gold miner Petropavlovsk has a new major shareholder, Uzhuralzoloto Group of Companies (UGC) - a privately owned business that ranks as one of Russia's top five gold producers. Petropavlovsk CEO Pavel Maslovskiy says UGC president and founder ...
Read by 75% of LPs February 10, 2020

Big Ribbon Cuts Borborema Ribbon

The ribbon has been cut at ASX-listed Big River Gold's Borborema gold project, in Brazil. A definitive feasibility study has estimated that the project would produce some 729 000 oz of gold over a mine life of just over ten years, producing an average...
Read by 53% of LPs February 09, 2020

Tata's Gopalpur Industrial Park Breaks Jinx For Investments In Sez | Business Standard News

Two units set to start operations in 4-5 months. : The industrial park at Gopalpur developed by Tata Steel Special Economic Zone Ltd (TSSEZ), a subsidiary owned fully Tata Steel, looks to start activity at the SEZ notified area with two metal-based industries on board. The two MSME (micro, small & medium enterprises) units have executed land lease deeds with the developer, pledging a combined investment of Rs 10 crore. "Each of the units will be allotted two acres. The two units are expected to be running their operations in four to five months.
Read by 57% of LPs February 07, 2020

Trans Mountain Pipeline Cost Rises To $12.6B - Resource World Magazine

The expected cost of the Trans Mountain pipeline expansion has jumped to $12.6 billion from...: The expected cost of the Trans Mountain pipeline expansion has jumped to $12.6 billion from the previous estimate of $7.4 billion. The new estimate, which includes the $1.1 billion already spent by the previous owner Kinder Morgan Canada, has been approved by Trans Mountain Corp., the entity that operates the pipeline on behalf of the Government of Canada. It said the money is needed to bring the expansion into service by 2022.
Read by 66% of LPs