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Southern Copper gets Approval for USD 1.2 billion Toquepala Expansion Project

The Toquepala concentrator expansion project represents an investment of USD 1.2 billion.
Copper Concentrator Capacity Expansion
Southern Copper Corporation announced that its Peruvian Branch, Southern Peru Copper Corporation, has received the approval to commence the expansion of the Toquepala concentrator capacity from 60,000 to 120,000 metric tons per day, which would add to its production 100,000 tons of refined copper and 3100 metric tons of molybdenum per year, commencing in 2017.

EuroChem Group, Maire Tecnimont, SACE sign MoU for Construction of 5 Plants

In Russia, EuroChem and Maire Tecnimont will work together on three Projects: an ammonia-urea facility in Nevinnomyssk and an ammonia plant in Kingisepp, the latter including an additional Project to integrate urea production.
Ammonia-Urea Plant Projects
EuroChem Group AG, Maire Tecnimont and SACE jointly announced the signing of a Memorandum of Understanding (MoU) in relation to the construction of five ammonia-urea plants to be commissioned in Russia, the United States and Kazakhstan over the next 10 years. The Projects will provide EuroChem with an additional five million tonnes of ammonia and 7.5 million tonnes of urea capacity per annum.

Alstom to build the first ultra-supercritical lignite-fired Power Plant in Asia

Power Plant Project
Alstom, in consortium with Marubeni Corporation, has signed an agreement with the Electricity Generating Authority of Thailand (EGAT) to supply and build the new unit at Mae Moh power plant. The total amount of the contract is EUR 950 million in total, with Alstom’s share of the contract worth approx. EUR 520 million.

Caterpillar reports solid First-Quarter but predicts Headwinds for the rest of 2015

2015 First-Quarter Results
Caterpillar announced its First-Quarter 2015 Results on April 23. The company delivered solid results for the first quarter of this year, including higher profit than in the first quarter of 2014. In each of the remaining three quarters of 2015, however, the company expect sales and profit to be lower than the first quarter.

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