USA and Canada

Goldcorp, the world’s second largest gold producer, has revealed mixed fortunes in its second quarter results.

Revenues of $1.3 billion represent an increase of 62 percent over Q2, 2010, and adjusted net earnings climbed 111 percent to $420 million, but a series of misadventures in various operations have led the company to revise its production forecasts for the rest of the year.

As federal funding declines, a report from the Urban Land Institute in conjunction with Ernst & Young warns of the strain on US cities to maintain assets and build infrastructure projects.

After a couple of years of uncertainty, the biggest iron ore company in Canada is in the process of becoming even bigger, as Jeff Daniels reports.

When you’ve been running a mine for the best part of half a century and have already produced over 1 billion tons of iron ore concentrate and pellets, you’d be justified in thinking that the last thing on anyone’s mind was an expensive expansion program.

In the last five months, BORCO Terminals Bahamas has not only taken on a new identity as a subsidiary of the US energy company Buckeye Partners, but is in the process of expanding its capacity to meet future demand.

Buenaventura is Peru's largest publicly-traded precious metals company and a major holder of mining rights in Peru: it is a vital player in the country’s economy and is investing with international partners to develop Peru’s mining sector.

The first new aluminum smelter to be built in the Arabian Gulf in 25 years has become a catalyst for industrial growth in the region, making Oman an attractive destination for multinationals to locate their facilities.

If the feasibility report comes in as expected the former owner of the Schaft Creek deposit will have a big decision to make, as Copper Fox CEO Elmer Stewart explains to Alan Swaby.

At the time of writing, it’s easy to imagine that the computers at Teck Resources are doing some extra bench presses followed by a daily 10km run for improved stamina. Anything, in fact, to get them in peak condition for the serious number crunching they are going to have to do, starting in the next few months.

US component manufacturer Commercial Vehicle Group has acquired Stratos Seating of Sydney, Australia, a seat supplier to the Australian military, truck and specialty vehicle markets.

"This acquisition not only expands our Australian presence in the military and truck markets, but also enhances our overall product offering with the addition of the unique Stratos suspension system and military seating products," said W. Gordon Boyd, president of Commercial Vehicle Group's Seating Systems Group. 

Food manufacturer Dr. Oetker is to build a new frozen pizza production facility in London, Ontario, Canada.

The new plant will act as a production hub for the company's North American pizza operations, and will bring over 125 jobs to London and an expected 300 additional jobs to the surrounding area. 

Saudi Arabia’s national oil company, Saudi Aramco, has announced it is to form a joint venture to build and operate a chemicals complex in Jubail Industrial City, Saudi Arabia.

The joint venture, Sadara Chemical Company, will be formed with the Dow Chemical Company of Michigan in the US to build what the companies have called a “world-scale, fully integrated chemicals complex”.