Norsk Hydro, one of the world's top aluminum producers, sees growth in global aluminum demand weakening in 2012 as a result of economic turbulence that is creating a weak market and pushing many industry players into the red.
In a press release, Hydro's President and CEO Svein Richard Brandtzæg showed confidence in the market and he company, despite the fact Hydro's stocks dropped 2.9 percent after the prediction.
Sweden's LKAB has commissioned Beumer to provide a curved pipe conveyor for the transport of olivine in summer and quartzite in winter, each at 800 t/h. This material is used for the production of high-quality iron ore pellets. The system will be installed at the company-owned transshipment port in Narvik, Norway. It will automate the storage of material and the filling of railway wagons, which is currently done manually. These wagons transport the material to the main plants in Kiruna and Malmberget.
Statoil, the Norwegian state-owned energy company, is selling an oil platform to the highest bidder.
The Huldra platform is located off the coast of Norway, about 16 miles from the Veslefrikk field.
A slightly over-the-top ad is on the company's website extolling the virtues of oil platform ownership.
Workers in Australia and Norway are getting pay raises, and they are getting paid for staying on the job, not greater productivity.
An Edmonton court was told on Wednesday that Norwegian energy giant Statoil will admit to some environmental infractions in relation to water use at its oil sands operations in northern Alberta.
The news comes on the same day that the state-owned company announces a North Sea oil field discovery with total yield of between 500 million and 1.2 billion barrels of oil, making it the largest discovery there in 30 years.
Around 70 oilfields are in production on the Norwegian continental shelf, producing some 2.1 million barrels per day. Canada's oil sands produce 1.5 million bpd, a figure that is expected to more than double by the end of the decade.
Northland is a development-stage mining company with a portfolio of iron ore projects in northern Sweden and Finland. The Company's Kaunisvaara Project will exploit magnetite iron ore deposits, feeding a single, multi-line processing facility in Sweden. The process yields a very high-grade, high-quality magnetite iron concentrate. The Company is also preparing a Definitive Feasibility Study for the Hannukainen Iron Oxide Copper Gold Project in Kolari, northern Finland.
Deal delayed to allow time for dust to settle after Nobel Peace Prize controversy, says Norwegian newspaper Dagens Naeringsliv.
In Madrid, Spain, an underground highway tunnel will help reduce traffic congestion. Like moles, two massive tunnel boring machines have inched their way forward, leaving a walled tunnel behind. Gaskets from Trelleborg provide a waterproof seal between the massive tunnel …
Norwegian engineering, construction and technology group Aker Solutions ASA (formerly Aker Kvaerner) (OSE: AKSO) said on Wednesday (28 May) that it has received a engineering and procurement services contract from the US company Freeport-McMoRan Copper & Gold Inc.
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.