The Competition Commission today confirmed its ruling that BAA should sell Stansted Airport and either one of Edinburgh or Glasgow Airports.

The Commission made its initial ruling two years ago in March 2009, but BAA has been fighting through the courts to retain its portfolio of airports.

After the sale of Gatwick in December 2009 to a consortium led by Global Infrastructure Partners, BAA currently operates six airports: Heathrow, Stansted, Southampton, Aberdeen, Glasgow and Edinburgh.


Interim CEO Jay Richardson talks to Gay Sutton about four months of change and improvement at Liberty Mines, and why the time is right for a new CEO to take the business forward as a successful nickel exploration and mining operation.

 


Taseko Mines Limited is about to embark on the third phase of modernisation at Canada’s second largest open pit copper mine. VP of Operations Dave Rouleau talks to Gay Sutton about future-proofing the mine against the cyclical nature of commodity prices.

 


Goldcorp’s Red Lake mining complex is one of the world’s richest gold resources. General manager Mike Lalonde talks to Gay Sutton about integrating a portfolio of traditional mines into a single forward looking identity.


Lithium Americas Corporation was set up last year after the discovery of the third largest lithium bearing brine deposit in the world. Its 64,572 hectare Cauchari-Olaroz discovery in Argentina will come on stream just in time to feed escalating demand from the manufacturers of electric vehicles.

 


Weir Oil & Gas today announced a $65 million expansion of its Weir SPM manufacturing and service facility in Fort Worth, Texas.

The investment is part of the company's strategy to keep up with growing industry demand for drilling and hydraulic fracturing following a rise in the numbers of horizontal rigs supported by oil and liquid rich shale in North America.


UK-based clinical contract research organisation Chiltern International has announced further expansion in Europe, with the opening of a new office in Leiden, the Netherlands.

The company, which has its headquarters in Slough, Berkshire, manages phase I-IV clinical trials across a range of therapeutic areas as well as offering functional service provision and contract staffing solutions. It has conducted trials in more than 40 countries since its founding in 1982.

Chiltern has confirmed the appointment of Angela Pasma as Netherlands country manager.


British entertainment legend HMV is considering the sale of its Canadian retail operation to avoid breaking the terms of its debt arrangement.

With debts in the region of $200 million, the sale of assets seems the most likely short term option. HMV is already said to be looking for a buyer for its UK book retailer Waterstones, with Russian billionaire Alexander Mamut an interested party, possibly in partnership with the bookseller’s original founder Tim Waterstone.


Oil and gas major Royal Dutch Shell may spend up to R1.4 billion (approx. €145 million) on exploration in the Karoo region of South Africa, according to a report in Johannesburg’s I-Net Bridge.

Shell has asked the Petroleum Agency of South Africa for permission to explore around 90,000 square kilometres predominantly in the western area of the Karoo Basin.