Abengoa has begun construction on two concentrating solar power (CSP) plants in South Africa.

The 50 MW solar power tower Khi Solar One and the 100 MW parabolic trough plant KaXu Solar One were two of the 28 renewable energy projects announced in late 2011 by the South Africa Department of Energy (DOE). The DOE intends to bring 17,800 MW of renewable energy online by 2030.


Air Products today announced the award of a contract to supply two oxygen plants at the site of a copper smelter being built in Zambia by Kansanshi Mining Plc. 

The scope of the agreement includes Air Products supply of two 750 metric ton per day oxygen plants, and all air separation unit (ASU) related equipment and design. The construction of the facility will be undertaken by Kansanshi Mining Plc, with cooperation from Air Products. The ASUs are planned to be on-stream in 2014.


Canuc Resources Corporation has announced that diamond drilling is scheduled to commence on its Mill Village gold property in Nova Scotia by mid-November.

A minimum of 1,000 metres will be drilled on two main target areas developed during the 2012 exploration season, the Hornet and 667 grids respectively.

During May 2012, 19.475 kilometers of induced polarization (I.P.) surveying was conducted over portions of both the Hornet and 667 grids defining 20 significant individual I.P. anomalies distributed along four linear trends.


 

The Seattle-based company reported net income at its shops that have been open at least a year coming in at $359 million in the three months to September. Overall revenue rose 11 percent to a record $3.36 billion, while same-store sales increased by six percent. The company responded to the results by stating that it was likely to make higher than expected profits in the year to come.


TransCanada Corporation today announced that its Mexican subsidiary, Transportadora de Gas Natural del Noroeste, has been awarded the contract to build, own and operate the El Encino-to-Topolobampo Pipeline in Mexico.

TransCanada expects to invest approximately US$1 billion in the Topolobampo Pipeline project, which is supported by a 25-year natural gas transportation service contract with the Comisión Federal de Electricidad (CFE), Mexico's federal power company.


As well as the UK’s largest and most recognisable airport, Heathrow Airport Holdings also owns Stansted, Southampton, Glasgow and Aberdeen airports. The deal will see CIC pay £450 million for its stake.

The deal represents CIC’s second major investment in UK infrastructure following its purchase of 8.68 percent of the firm behind Thames Water back in January 2012.

Mines & Money - London

Submitted by admin on Thu, 11/01/2012 - 00:00

Business Excellence is proud to be supporting Mines and Money as media partner for the event.

Mines and Money London 2012 will bring together over 3000 investors, financiers, brokers and senior mining executives for Europe’s leading mining investment and capital raising event.