NORWAY

Global aluminum demand to slow in 2012, says top producer

Cecilia Jamasmie | December 2, 2011
aluminum wire spool texture

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.

  • Beumer to supply curved pipe conveyor to LKAB

    International Mining | February 9, 2012

    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.

  • For sale: used 20-bedroom oil platform with heli-pad and panoramic views

    Michael Allan McCrae | November 9, 2011
    statoil3

    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.

  • Be Norwegian or Australian if you want a raise

    Michael Allan McCrae | September 26, 2011
    viking_helmet_shutterstock

    Workers in Australia and Norway are getting pay raises, and they are getting paid for staying on the job, not greater productivity.

  • Statoil loses in Alberta, wins big in North Sea

    Frik Els | August 17, 2011
    statoil_oil_rig

    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 and Kiruna Wagon to design a prototype for new railcars

    Marketwire | June 9, 2011
    Kaunisvaara_Project

    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.

  • Norway's Orkla rumoured to sell Elkem metals unit to China's BlueStar

    Mineweb | January 10, 2011

    Deal delayed to allow time for dust to settle after Nobel Peace Prize controversy, says Norwegian newspaper Dagens Naeringsliv.

  • Giant gaskets seal underground highway tunnel

    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 …

  • Norway's Aker Solutions ASA wins engineering and procurement contract from US mining company Freeport-McMoRan Copper & Gold Inc

    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.

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