Company News

International iron ore company Centaurus Metals revised the development plan for its flagship Jambreiro Iron Ore Project in south‐east Brazil after production commenced at the facility at 1Mtpa with the ability to subsequently increase to 2–3Mtpa. This revised development strategy is expected to result in a substantial reduction in pre‐production capital, enabling Centaurus to commence development with significantly less financing risk and in the shortest possible timeframe to take advantage of continued strong iron ore prices.

The opening ceremony of Gazprom's representative office was held at Brussels in the Kingdom of Belgium. Taking part in the opening ceremony were Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee; Anatoly Yanovsky, Deputy Energy Minister of the Russian Federation; Alexander Romanov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Kingdom of Belgium; Vladimir Chizhov, Permanent Representative of the Russian Federation to the European Union and Gunter Oettinger, European Commissioner for Energy.

CLIMAX Portable Machining and Welding Systems has appointed Thomas Pesch as Vice President of Global Operations.

Mitsubishi Heavy Industries (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier.

Genie Energy, an independent retail energy provider and a developer of unconventional energy projects, appointed Chairman Howard Jonas to assume the additional role of CEO effective January 1, 2014. Jonas has served as Genie's chairman since it was spun off from IDT Corporation in 2011.

E.ON, UK's leading power and gas company, submitted a planning application for the Strathy Wood wind farm development to the Scottish Government's Energy Consents Unit. The wind farm, located near Strathy, Sutherland, could generate up to 78MW of electricity – enough to power around 52,535 homes with clean, renewable energy.

Kentz Corporation, the holding company of the Kentz engineering and construction group secured a five-year framework contract for general engineering services on the SAMREF refinery in Saudi Arabia. SAMREF is a complex refinery formed for the development, construction, ownership and operation of crude oil refining facilities in Yanbu, Saudi Arabia.

Petrofac, in a 50-50 joint venture with Korean based Daelim Industrial Co (Daelim) has been awarded a 36-month Engineering, Procurement and Construction (EPC) contract by Oman Oil Refineries and Petroleum Industries Company (ORPIC).

Ovako appointed Mathias Tillman as the new president of Business Area Ovako Bright Bar in Hällefors, and a member of the group management.

Stratum Metals’ drilling of priority Gold and Nickel targets on the East Menzies Goldfield Project is expected to be completed by contractor NDRC Drilling (NDRC) for shares in Stratum.