As nations run out of money, gold returns to underpin global economics: it’s a good time to be producing it and Detour Gold has got its timing just right in its bid to exploit Canada’s largest gold deposit.

Wood Group’s new Angola-based joint venture has been awarded a contract by BP, it has been announced.

Wood Group Kianda, a joint venture involving Amílcar Nascimento—Wood Group's Angolan business partner—and Wood Group, is to be officially launched in Luanda, Angola today. Wood Group Mustang, Wood Group Kenny and Wood Group PSN will all provide their services through the joint venture.

BHP Billiton announced today that it is reviewing its presence in the diamond business, which currently consists of its interests in the EKATI Diamond Mine and the Chidliak exploration project in Canada.

South Afrcia’s Wescoal is to acquire 51 per cent of the Pegasus project in Mpumalanga Province, it has been announced.

The project—an undeveloped metallurgical and export quality thermal coal deposit with a resource of approximately 15 million tons—was previously owned by BHP Billiton Energy Coal South Africa. The project is located approximately 10 kilometres from Witbank, next to Exxaro’s Inyanda colliery.

Pittsburgh, Pennsylvania-based Kroff, Inc, one of the fastest-growing water treatment companies in the United States, is expanding internationally with the establishment of operations in South America.

Through the creation of a new company called Kroff Chile - Tecnologias y Procesos Limitada, based in Santiago, Kroff will provide cost-effective custom-blended chemicals and processes for water and wastewater treatment to companies in a variety of industries in that country, including energy, power and mining.

The Iraqi Ministry of Oil has signed a joint venture agreement with Shell, the South Gas Company and Mitsubishi Corporation on an initiative to capture natural gas in southern Iraq.

The South Gas Company (SGC), an affiliate of the Ministry of Oil, will take 51 per cent in the joint venture, the Basrah Gas Company (BGC). Shell will take 44 per cent and Mitsubishi will take five per cent.

United Engineering Construction (UNEC) is responsible for some of the most innovative and iconic buildings in the United Arab Emirates. Now, it has its sights set on neighbouring Arabian markets and the Maghreb.

Khnaiguiyah Mining Company (KMC), a joint venture between United Arabian Mining Company and Alara Resources, is one of the most exciting projects in Saudi Arabia’s newly established mining industry. Chief operating officer Sohan Singh Rathore talks to Jane Alverca.

Technip, a world leader in project management, engineering and construction for the energy industry, is particularly busy in Australia, where its local entity Technip Oceania is keeping its finger on the pulse.

Southern Engineering Company Limited and Alpha Logistics Services (EPZ) Ltd, part of the Alpha Group of Companies’ brand, is benefiting from international interest in East Africa. But it is no newcomer: it has been building ships and delivering marine engineering and logistics solutions at Mombasa for decades.