New perspectives for the development of cross-border co-operation in the mining industry between Russia and China

30/10/2014 / Russia / china / industry / mining / news

In 2007, China overtook South Africa becoming the biggest gold producer in the world. In 2013, China also overtook India as the largest gold consumer. However, according to the analysts from Business Monitor International interviewed at the Reuters Global Gold Forum in Hong Kong this month, the growth in gold mine output from China is set to slow down significantly – from 6 per cent this year to 0.9 per cent in 2018 – due to depleting reserves, falling ore grades and rising costs. To satisfy the growing needs of the local market, Chinese gold producers are being forced to change strategy and look for opportunities for foreign expansion to boost production.

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Saipem wins new E&C and drilling contracts worth US$2bn

30/10/2014 / Saipem / construction / energy / engineering / gas / news / oil

Saipem has been awarded a new Engineering & Construction contract in Saudi Arabia and new Drilling contracts in the Middle East and in Latin America cumulatively valued approximately US$2 billion.

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Singapore looks to its gas fuelled future at 3rd Annual Gas Asia Summit

29/10/2014 / Singapore / asia / gas / news / summit

Leading global and regional gas players gathered for the Gas Asia Summit today as part of the Singapore International Energy Week (SIEW) at the Marina Bay Sands Expo and Convention Centre. The conference continues, bringing together over 35 leading industry expert practitioners to address the current and future dynamics of trade in Asia, gas in the dynamics with other fossil fuels, new supply markets and buyers as well as gas infrastructure developments in the region.

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New AVEVA Control of Work solution offers greater safety and efficiency in asset operations

29/10/2014 / AVEVA / industry / news / softeware

AVEVA announced today the launch of its latest software solution: AVEVA Control of Work. The advanced suite of products enables the highest levels of safety and efficiency to be achieved when planning and performing both routine maintenance and in-plant engineering operations in potentially hazardous plant environments. It comprises best-in-class applications for Risk Assessment, Work Permit Management, Work Activity Plotting, Isolation Planning, Safe Job Analysis and Lessons Learned Reporting.

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ClassNK issues world’s first EEDI certification for air lubrication system fitted vessel

29/10/2014 / ClassNK / EEDI / Maritime / energy efficiency / news

Leading classification society Class NK has completed the EEDI (Energy Efficiency Design Index) appraisal of Harvest Frost – the world’s first post-panamax bulk carrier fitted with the Mitsubishi Air Lubrication System (MALS). The Harvest Frost was constructed by Oshima Shipbuilding Co., Ltd for ADM Harvest Shipping in accordance to ClassNK rules and guidance.

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