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Gold price spike brings value for smart business

Gold remains the fundamental safe-haven investment as shown during the COVID-19 pandemic. Spot gold prices have hit another five-month high – the second time in 2021 they’ve peaked at such an interval – reaching $US1866 ($2544) per ounce to end Friday, November 12....

First Quantum appoints its next CEO

Copper miner First Quantum Minerals on Monday announced that COO Tristan Pascall would take over from Philip Pascall as CEO in May at the Toronto-listed miner’s annual general meeting. Philip would retire from his role as CEO, but would continue to serve as...

Babylon secures supply contract with Rio Tinto

Rio Tinto in the Pilbara. Credits: Csfoto – Christian Sprogoe (photographer) Babylon Pump and Power has secured a contract for the supply of off-site repair services with Rio Tinto in Western Australia.  The contract does not provide any commitment or guarantee...

Wallis Drilling sells RIG Technologies to Orica

Wallis Drilling chairman Graeme Wallis and chief executive officer Mark Crumby. Wallis Drilling has sold its RIG Technologies business, which specialises in logging while drilling, to explosives and blasting systems giant Orica for an estimated $12 million. The RIG...

DEUTZ builds its ten millionth engine

Drive systems specialist DEUTZ celebrated the production of its ten millionth engine yesterday afternoon with the completion of a TCG 7.8 H2. This hydrogen engine with six cylinders is, like the original, a four-stroke engine. Intake, compression, combustion, and...