ArcelorMittal South Africa has offered to pay R800 million for Imperial Crown Trading (ICT), which holds rights to a 21.4 per cent prospecting stake in Kumba Iron Ore's Sishen Mine.

ArcelorMittal used to own the ICT stake, but lost it last April when it failed to convert it in line with new legislation.

Anglo American subsidiary Kumba owns the remaining mining rights to the Sishen project, which supplies ore to ArcelorMittal at a preferential rate, following an agreement made in 2001.

The US Department of Energy has finalized a $43 million loan guarantee for a company's flywheel energy storage plant, which is expected to enable greater use of solar and wind power.

Beacon Power Corp., based in Tyngsboro, Massachusetts, is building the 20-megawatt plant in Stephentown, New York, about 20 miles east of Albany.

Russian state-owned nanotechnology corporation Rusnano is in advanced talks to take over the UK display screen maker Plastic Logic—a deal that would assist Russia in bringing Western know-how to its fledgling tech industry.

According to the Financial Times, Rusnano is considering the purchase of a significant stake in Plastic Logic—on the condition it relocates the next phase of its development to Russia.

Vermont’s power transmission company, VELCO, is preparing for another phase of development as it migrates to the smart grid. CEO Chris Dutton and VP external affairs Kerrick Johnson talk to Gay Sutton about the challenges of becoming a telecommunications company.

In April this year, longstanding energy expert Chris Dutton was called in from retirement to take over as president and CEO of Vermont Electric Power Company, Inc. (VELCO) to see it through one of the most challenging periods of growth in its 60-year history.

Turner Construction is on course to deliver a splendid new courthouse for Florida’s Duval County. Project executive Mark Alles talks to Gay Sutton about the unique features of good courthouse construction.

Competing with the big boys in the oil patch is a healthy challenge for this family company known for its customer service, David Hendricks learns.

For some investors the recent global financial crisis has sounded the bell for acquisition opportunities. Matt McCann, CEO of TransAtlantic Petroleum, gives Andrew Pelis some insight into how troubled times for the oil and gas sector have worked to the company’s advantage.

An aggressive strategy of acquisitions in emerging markets during the current market slump is very much paying off for one oil and gas company from Texas.

Tunnel boring can be hard work, but it doesn’t come much harder than on this Maryland project by Oscar Renda Contracting, as Alan Swaby learns.

There are gophers busy under the suburbs of Silver Spring, Maryland, but they’re not doing any harm. Instead, they’re busy nibbling away the rock, ready to construct a vital link in the Washington Suburban Sanitary Commission (WSSC) water system.

First Majestic Silver Corp. is committed to building a senior silver-producing mining company based on an aggressive development and acquisition plan with a focus on Mexico. COO Ramon Davila takes David Hendricks on a virtual tour of the company’s three producing silver mines.

First Majestic Silver Corp. was established in Vancouver, British Columbia, in 2002 as a silver mining company focused on Mexico. The company currently has three underground mines in production and is nurturing two other projects for future production.

Engman-Taylor Company underwent some restructuring as a result of the economic slowdown. But as Keith Regan learns, the hard times have been put to good use by expanding internal capabilities and strengthening a sales force to pave the way for future growth.