Gemcom Software International , a global provider of mining software and service solutions, today announced that it has completed a R4.5 million (approximately CAD $680,000) deal with Debswana’s Orapa operation for the implementation of Gemcom’s collaborative GEMS platform.
“Several years ago, we worked with Debswana’s Jwaneng operation to help them improve efficiency at the mine site […]
Heavy equipment maker Caterpillar Inc. said on Friday that earnings in the latest quarter rose, but results fell short of analysts’ expectations as the growth of its lucrative mining sales slowed, and its shares sank as much as 8 percent in premarket electronic trading.
The company forecast that 2007 revenue could be flat to up […]
Particle Drilling Technologies Inc. has completed the private sale of $5 million shares of its common stock to institutional and other accredited investors at $2.35 per share.
The Houston-based oilfield services firm pocketed $11.75 million from the offering and plans to use the gross proceeds to manufacture particle impact drilling systems, to hire and train personnel, […]
Michigan-based utility holding company CMS Energy Corp. is teaming up with coal company Peabody Energy Corp. in developing a $2.5 billion, 1,600-megawatt power plant and a nearby coal mine in southern Illinois, both companies announced Wednesday.
Under terms of the deal, CMS Enterprises, a CMS Energy subsidiary, and St. Louis-based Peabody — the world’s largest private […]
The governor says safety is his top priority. He spoke of the recent tragedies, as well as the accomplishments the coal industry has made, when it comes to safety. Also at the conference today, a commission the governor and his staff have been working very closely with, revealed new information. The Commission on Mine […]
It’s a great time to have a newly minted degree in petroleum engineering.
The recent dip in oil and gasoline prices hasn’t dented an over-the-top demand for entry-level petroleum engineers and others with energy-related technical educations, experts say.
A graduate with a degree in petroleum engineering can expect a starting salary of $70,000 a year, sometimes […]
Ontario Power Generation’s 490-megawatt Unit 5 at the Nanticoke coal-fired power station in Ontario shut by early Friday, the Independent Electricity System Operator said in a report.
The 3,920 MW Nanticoke station, which entered service between 1972 and 1978, is located on the north shore of Lake Erie in the town of Nanticoke, about 80 miles […]
Atlas Copco North America Inc. has acquired Beacon Holdings Corporation (parent company to BeaconMedaes and Medaes), from The Riverside Company. The BeaconMedaes group is a solutions provider, predominantly of medical air systems and medical utility delivery systems for hospitals.
The BeaconMedaes group is headquartered in Charlotte and has 386 employees. The company has assembly facilities and […]
Australia`s biggest engineering company - has won an A$800 million contract to mine copper and gold and Oxiana Ltd`s Prominent Hill project.
The deal will see Leighton`s wholly-owned subsidiary Theiss Pty Ltd extract approximately 38 Mt of treatable ore over a six year period, creating a pit some 1.2 km wide, 1.4 km long on the […]
Pinnacle Resources, Inc. announced that it has taken over 100% ownership in Diamonaire (Pty) Limited effective as of July 1, 2006. Since inception of the joint venture, Diamonaire has been owned equally by Ocean Options, a South African closed corporation represented by Chris Wilson, inventor and operator of the AquaWalker technology. Mr. Gamble, President […]