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Turquoise Hill beats profit estimates on higher copper, gold production

Turquoise Hill beats profit estimates on higher copper, gold production
(Adds profit comparison, metal prices, costs, capital
expenditure outlook)
March 8 (Reuters) - Canada s Turquoise Hill Resources Ltd
posted a surprise rise in quarterly profit on Monday,
helped by increased production of copper and gold at its Oyu
Tolgoi mine in Mongolia.
The results come a week after Chief Executive Officer Ulf
Quellmann resigned amid a protracted dispute between the company
and its top shareholder, Rio Tinto, over funding for the
underground expansion of the Oyu Tolgoi copper-gold mine.
Oyu Tolgoi is one of the world s largest copper-gold-silver
mines. Rio owns 51% of Turquoise Hill, which in turn owns 66% of ....

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Macquarie buying Vocus, owner of Orcon and Slingshot, heading off NZX listing

Macquarie buying Vocus, owner of Orcon and Slingshot, heading off NZX listing
9 Mar, 2021 04:37 AM
4 minutes to read
Macquarie has entered an agreement to buy ASX-listed Vocus Group - owner of Orcon and Slingshot on this side of the Tasman - in a A$3.5 billion ($3.7b) deal, subject to investor and regulatory approval.
The ASX-listed investment banking and infrastructure investment firm teamed with Aware Super - Australia s second-largest retirement fund - on its $5.50 per share offer.
In recommending shareholders accept the deal - set to close in July if all approvals go to plan - Vocus chairman Bob Mansfield said in a statement to the ASX that the board had considered it against alternatives, including pressing ahead with the plan to list Vocus NZ business, then use the estimated $722 million proceeds to pay down debt. ....

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Persistent Systems Awarded Coveted 2020 Golden Peacock for Corporate Governance

Persistent Systems Awarded Coveted 2020 Golden Peacock for Corporate Governance ....

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L&T Heavy Engineering delivers 700 MWe Steam Generator ahead of schedule

L&T Heavy Engineering delivers 700 MWe Steam Generator ahead of schedule
Posted On:
2021-03-09 01:58:44
(Time Zone: Arizona, USA)
The Heavy Engineering arm of Larsen & Toubro dispatched the first out of four 700 MWe Steam Generators for the Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) 1&2 project in 36 months, creating a new global benchmark in the nuclear manufacturing industry.
This hi-tech equipment was manufactured at L&T s state-of-the-art manufacturing facilities at Hazira and Vadodara Heavy Engineering Works (VHEW). This Global benchmark is a result of dedicated efforts put in by teams of NPCIL and L&T, which ensured early delivery of the Steam Generator by 12 months with the highest standards of quality despite the challenging period of the COVID-19. ....

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Man Infraconstruction Limited to get approx. Rs. 380 crores arbitral award

Man Infraconstruction Limited to get approx. Rs. 380 crores arbitral award
Posted On:
2021-03-09 01:58:21
(Time Zone: Arizona, USA)
Further to Man Infraconstruction Limited s earlier announcement with respect to an Award of Hon ble Arbitrator in favour of Manaj Tollway Private Limited (MTPL); a subsidiary of of the company; in connection with the Project being four laning to HadapsarSaswad- Belsarphata SH 64 Km. 9.800 to 42.860 & Belha - Pabal - Uralikanchan - ejuri - Nira SH 61 Km. 110.00 to 118.00 (Part Hadapsar to Jejuri M.I.D.C.), Taluka Purandar, District Pune on DBFOT basis and the review petition filed by the Government of Maharashtra, the Honorable High Court at Bombay vide its order dated March 5, 2021, has disposed-off the review petition filed by the Government of Maharashtra. Accordingly MTPL is expected to receive within 30 days, an amount of Rs. 357.79 Crores plus interest, aggregating to approx. Rs. 380 Crores. ....

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