News - Management

PotashCorp withdraws Proposal to negotiate Transaction with K+S

Takeover
Potash Corporation of Saskatchewan Inc. (PotashCorp) announced that it has withdrawn its proposal to negotiate a transaction with K+S Aktiengesellschaft (K+S). According to PotashCorp, the private proposal of EUR 41 per share on May 31, 2015 sought to bring together complementary assets that would have enhanced financial resources and allowed the combined company and its stakeholders to benefit from greater diversification across geographies and products.

Sandvik initiates Divestment of the Project Business Mining Systems

Mining Systems is a separate product area within Sandvik Mining and a supplier of design and engineering of material handling systems.
Sandvik Mining
Mining Systems is a separate product area within Sandvik Mining and a supplier of design and engineering of material handling systems for the mining industry. In 2014 the Mining Systems operations, with 1300 employees, had annual sales of SEK 6.3 billion (approx. EUR 758 million) representing 7% of Sandvik Group invoicing, and an operating loss was reported at a low single digit level.

Sedgman Civmec JV awarded major Contract for BHP Billiton Iron Ore

The contract awarded to the Sedgman Civmec joint venture comprises the installation of a new primary crusher and additional conveyor capacity
Crushing & Conveying
The Sedgman Civmec joint venture has been awarded a contract with BHP Billiton Iron Ore for civil, structural, mechanical, piping, electrical and commissioning works at the Jimblebar iron ore mine in the Pilbara region of the northwest of Western Australia. The Engineering Procurement Construction and Commissioning contract is valued at approx. AUD 145 million (approx. USD 103 million), which comprises the installation of a new primary crusher and additional conveyor capacity.

Duro Felguera and Ausenco to deliver USD 1 billion Mining Project in Canada

Memorandum of Understanding
Duro Felguera and the Australian company Ausenco have signed a Memorandum of Understanding with the Canadian firm Royal Nickel Corporation in order to deliver the mining project called Dumont Nickel Project in Quebec, Canada, on a turnkey basis. The Dumont project is one of the few nickel sites in the world and initial investment is estimated at USD 1.07 billion.

Cemex and Suez launch new Waste-to-Fuel Facility

Cement Production
At the Cemex Rugby cement plant, United Kingdom, a new facility has been launched which turns waste into high-specification fuel. The new facility will supply the cement plan with a sustainable alternative to fossil fuels for the next 25 years. The Solid Recovered Fuel facility, owned and operated by international recycling and waste management company Suez, will supply the a direct replacement for fossil fuel, manufactured using nothing but regionally-sourced rubbish.

ThyssenKrupp supplies Crushing and Overland Conveying System to Peru

Crushing & Conveying
ThyssenKrupp Industrial Solutions, the engineering and construction specialist within the ThyssenKrupp Group, has won a contract from the Southern Peru Copper Corporation to supply a primary crushing and overland conveying system. The new system will be installed at the Cuajone copper mine in Peru, which has been in operation since 1976, to transport ore from the open pit mine to the concentrator.

Outotec awarded a Contract for Iron Ore Beneficiation Plant in Iran

Outotec's scope of delivery includes a complete beneficiation plant and an entire value chain from raw material testing, process development to concentration and dewatering.
Iron Ore Benefiction Plant
Outotec has been awarded a contract by Iran International Engineering Company (IRITEC) for the delivery of process technology to Khorasan Steel Complex Co's new iron ore beneficiation plant in Iran. Outotec's contract value is EUR 45 million, of which approximately EUR 10 million will be booked in the third quarter 2015 order intake.

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