Latest news with #Worley
See - Sada Elbalad
3 days ago
- See - Sada Elbalad
6 People, Including 5-Year-Old Girl, Injured in Baltimore Mass Shooting
Rana Atef Six people, including a 5-year-old girl, were injured in a mass shooting incident in Baltimore, Maryland, Saturday night. Police said they received reports about a shooting after 8:45 pm at the intersection of Spaulding and Queensbury avenues in Northwest Baltimore, where the shooting took place. When they arrived at the scene, police found four adult males, one adult woman, and the young girl with gunshot wounds. They were taken to area hospitals. Baltimore Police Commissioner Richard Worley said the 5-year-old girl was shot in the hand. 'Thankfully, it doesn't appear that her injury is very serious,' Worley added. One of the men shot is in critical condition and was taken in for surgery at a local hospital. The four other victims are suffering from non-life-threatening injuries, according to authorities. Worley said police are still investigating the motive for the attack. 'It just looked like some people were sitting outside on the porch and having some crabs,' he said. 'And looked like somebody just opened fire.' read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
National Post
22-07-2025
- Business
- National Post
Fortune Minerals Reports Additional Cobalt, Gold & Copper Process Optimization Validation for the NICO Project
Article content Additional critical mineral process improvements for the Alberta Hydrometallurgical Facility Article content LONDON, Ontario — Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (' Fortune ' or the ' Company ') ( is pleased to report additional process optimization test work validation for the NICO cobalt-gold-bismuth-copper critical minerals project in Canada (' NICO Project '). The test work was completed at SGS Canada Inc. (' SGS ') in Lakefield, Ontario and proved additional enhancements to the cobalt, gold and copper circuits and recoveries for the planned Alberta Hydrometallurgical Facility, expanding on the improvements already announced for the mill, concentrator and bismuth circuits (see January 8 and May 9, 2025, news releases). The Process Design Criteria have been compiled and delivered to Worley Canada Services Ltd. (' Worley ') for engineering evaluation and incorporation into the Company's updated Feasibility Study in progress. Article content The NICO Project consists of a planned mine and concentrator in the Northwest Territories (' NWT ') and a hydrometallurgical process facility in Lamont County, Alberta where concentrates from the mine, and other feed sources, will be processed to value-added products for the energy transition, new technologies, and defence industries. Development of the NICO Project will provide a reliable North American vertically integrated supply of cobalt sulphate, gold doré, bismuth ingots, and copper cement, thereby enhancing the domestic production of three critical minerals, plus 1.1 million ounces of in-situ gold as a countercyclical co-product to mitigate metal price volatility. Article content Like our news? Click-to-post on X. New Process Improvement Highlights Test Work Results The Alberta Hydrometallurgical Facility will process a bulk concentrate produced at the NICO mine and concentrator in the NWT, and other feed sources that the Company has identified. Concentrate from the NWT will be repulped, reground to minus 14 microns, and floated into separate gold-bearing cobalt and bismuth concentrates. The cobalt concentrate will be blended with the leach residue from the bismuth circuit after bismuth has been recovered in order to capture the contained gold in one process stream. The blend will then be fed into an autoclave with oxygen for processing by Pressure Oxidation (' POX ') to dissolve the contained cobalt and copper in an autothermic reaction that also contributes acid. Recent test work successfully confirmed the 2008 pilot-validated POX conditions at the design feed grade and for a low cobalt grade feed variability condition. Extractions were 97% for cobalt and 74% for copper at the design feed grade vs. 95% for cobalt in the 2008 pilot plant. Extractions using an off-specification low-grade cobalt feed confirmed the previous 95% cobalt recovery and 79% for copper. Article content Liquid / Solid separation of the autoclave POX discharge was proven to be unnecessary, allowing for streamlining of the previous 2008 flowsheet and significantly lower the capital and operating costs. The entire autoclave discharge slurry will now be subjected to non-oxidative pre-neutralization and will no longer require the addition of oxygen or heating, and the residence time has been reduced to 0.5 hours as compared to the 5 hours with heat, oxygen and a hydrogen peroxide finish in the 2008 pilot. This simplified pre-neutralization process also effectively removed 99% of the arsenic contaminant without any cobalt losses from co-precipitation or entrapment and eliminated the need for a re-leach step that was also part of the previous 2008 flow sheet. Similar results were achieved using limestone or lime as the neutralization reagent, allowing for process design and cost flexibility. Article content Gold recoveries from the combined autoclave leach residue using the more direct process optimization were also higher, ranging between 97% and 98% compared to 95% recoveries using the 2008 pilot demonstrated targets. Article content Further study of the gold deportation during flotation for the NWT concentrator also identified losses to the cleaner scavenger tails when processing higher gold content ores. These tails can be selectively stockpiled at the mine site for subsequent processing at the Alberta Hydrometallurgical Facility. Leaching tests carried out at SGS verified that about 83% of the gold contained in these tails can be recovered using the same process conditions and equipment that will be installed to recover the bulk of the gold contained in the autoclave leach residue. However, inclusion of this gold stream would reduce the combined gold recovery from 98% to 95% – the same recovery indicated in the 2008 pilot. Article content Pre-neutralized autoclave Pregnant Leach Solution (' PLS ') that was separated from the gold plant feed residue was subjected to copper cementation tests and confirmed that a polishing step will no longer be required. Secondary neutralization of the copper cementation process indicated complete removal of iron and arsenic from the discharge regardless of using air or oxygen and will not require heating as a further improvement. Article content Selective precipitation of a gypsum by-product could not be achieved with arsenic concentrations below 30 parts per million (' ppm '), exceeding the upper limits for the products Fortune had identified for potential sale. Production of a gypsum by-product has therefore been deferred until the Company identifies an alternative market for this material. Article content Toxicity Characteristic Leaching Procedure (' TCLP ') and Acid Base Accounting (' ABA ') abatement tests were carried out on the gold leach discharge residues generated from the autoclave and the cleaner scavenger tails, both individually, and when they were combined. Tests confirm they are not leachate toxic and can be deposited in a government approved Class 2 landfill. Article content Fortune expects to complete its optimization validation test work next month after verifying the cobalt PLS manganese removal, Solvent-Extraction (' S-X ') purification step, and evaporation and crystallization conditions for a high purity cobalt sulphate heptahydrate product for the lithium-ion rechargeable battery industry. Article content 'We are very pleased with the results of the process optimization test work, which continues to exceed the Company's expectations and support higher metal recoveries and a potential material reduction in the capital and operating cost for the Company's planned Alberta Hydrometallurgical Facility,' stated Robin Goad. Fortune's President and CEO. Government Support Article content Fortune is working closely with the Government of Canada, the Government of Alberta and the Government of the United States to expand North American critical minerals production and enhance domestic supply chain resilience and security. The Company has been awarded ~C$17 million of non-dilutive contribution funding from the U.S. Department of Defense through its Defense Production Act Title III program, Natural Resources Canada's Global Partnerships Initiative and Critical Minerals Research Development and Demonstration programs, and Alberta Innovates Clean Resource Intake program. These funds are helping Fortune complete metallurgical improvements, updated Feasibility and Front-End Engineering and Design (' FEED ') studies, and secure the remaining permits needed to finance, construct and operate the NICO Project (see news releases dated, May 16, 2024, and December 5, 2023). Article content China has effectively cornered the supply for many critical minerals through a decades-long policy of proactive strategic investment in mines and mid- and down-stream processing, financed with low-cost loans from its sovereign banks. Western democratic governments have now recognized the risks associated with critical mineral supply disruptions from this dominance and are investing in domestic production and collaboration among countries with fair trade practices. At the recent G7 Summit in Kananaskis, Alberta, world leaders agreed on strategies to strengthen critical minerals supply. ' Non-market policies and practices in the critical minerals sector threaten our ability to acquire many critical minerals ', the draft statement said. ' Recognizing this threat to our economies, as well as various other risks to the resilience of our critical minerals supply chains, we will work together and with partners beyond the G7 to swiftly protect our economic and national security.' Article content Following the summit, Canada's Prime Minister Mark Carney also commented, 'We will create a critical minerals production alliance, a G7-led strategic initiative to stockpile and develop critical minerals needed for defence and technology'. The G7 agreed to work together to anticipate critical minerals shortages, coordinate responses to deliberate market disruption, and diversify mining, processing, manufacturing, and recycling. Further to this commitment to shore up critical mineral supplies, Carney said Canada can in part meet its potential annual $150 billion NATO spending obligation with investment in extracting, processing and exporting Canada's critical minerals to allies that will count towards the 5% of GDP target. Article content About Fortune's Metals Article content The Minerals Reserves for the NICO Project contain four payable metals, including cobalt, gold, bismuth and copper. The Alberta Hydrometallurgical Facility will be a mid-stream process plant to produce value-added products with supply chain transparency and custody control of the contained metals. Article content Fortune's cobalt production is targeting the rapidly expanding lithium-ion rechargeable battery industry needed to power electric vehicles, portable electronics and stationary storage cells. Cobalt is also used in aerospace superalloys, permanent magnets, cutting tools, cemented carbides, catalysts and pigments. The annual cobalt market is ~245,000 metric tonnes and is anticipated to grow to ~350,000 metric tonnes by 2030. The Democratic Republic of the Congo produces ~78% of global cobalt mine production, more than 60% of which is controlled by Chinese companies, which also control ~83% of refinery production and ~93% of the production of cobalt chemicals. Article content Bismuth's unique physical and chemical properties are difficult to substitute with other metals, and the NICO Project is the largest known deposit in the world with 12% of global reserves. Bismuth is used in automotive glass and steel coatings, paints and pigments, and brake pads. It is also used to make low melting temperature and dimensionally stable alloys and compounds, fire suppressant systems, cosmetics and pharmaceuticals. Bismuth consumption is increasing as an environmentally safe and non-toxic replacement for lead in brass, solder, free machining steel and aluminum, galvanizing alloys, glass, ceramic glazes, and ammunition. Bismuth-tin alloy is used to make environmentally safe plugs to properly seal decommissioned oil and gas wells. Bismuth is also used in high performance semiconductors, solders for artificial intelligence data centers, and supercomputers. Manganese-bismuth magnets are resistant to demagnetization from heat. In the nuclear industry, bismuth is used for radiation shielding, coolants in some reactor designs, and it is a collector for plutonium in fuel re-processing and enrichment. China controls ~80% of current bismuth mine production and ~90% of refinery supply in an annual market of ~23,000 metric tonnes growing at ~7.5% CAGR. Article content About the NICO Project Article content Fortune has expended approximately C$145 million to advance the NICO Project from an in-house mineral discovery to a near construction-ready development asset with environmental assessment approval and the major mine permits already secured in the NWT. NICO and the Company's nearby Sue-Dianne copper deposit are IOCG-type mineral deposits with multiple payable metals, reducing the Company's vulnerability to price volatility or market manipulation. The Open Pit and Underground Mineral Reserves for the NICO deposit contain 33.1 million metric tonnes of ore containing 1.1 million ounces of gold, 82.3 million pounds of cobalt, 102.1 million pounds of bismuth, and 27.2 million pounds of copper. Development of the NICO Project would provide vertically integrated domestic production of three critical minerals to help diversify the current sources of supply from foreign entities of concern with a highly liquid and countercyclical gold co-product. The NICO Project will have average annual production during the first 14 years of the 20-year mine life of 1,800 metric tonnes of cobalt contained in 8,780 tonnes of cobalt sulphate, 47,000 troy ounces of gold in doré bars, 1,700 metric tonnes of bismuth in high purity ingots, and 300 tonnes of copper in a cement product. Article content For more detailed information about the NICO Mineral Reserves and certain technical information in this news release, please refer to the Technical Report on the NICO Project, entitled 'Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada', dated April 2, 2014 and prepared by Micon International Limited which has been filed on SEDAR and is available under the Company's profile at The disclosure of scientific and technical information contained in this news release have been approved by Robin Goad, President and Chief Executive Officer of Fortune and Alex Mezei, Fortune's Chief Metallurgist, who are 'Qualified Persons' under National Instrument 43-101. Article content About Fortune Minerals Article content Fortune is a Canadian mining company focused on developing the NICO cobalt-gold-bismuth-copper project in the NWT and Alberta. Fortune also owns the Sue-Dianne copper-silver-gold satellite deposit located 25 km north of the NICO deposit and a potential future source of incremental mill feed to extend the life of the NICO concentrator. Article content Follow Fortune Minerals: Article content Click here Article content to subscribe to Fortune's email list. Article content Click here Article content to follow Fortune on LinkedIn. Article content @FortuneMineral on X. Article content This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities legislation. This forward-looking information includes statements with respect to, among other things, the construction of the proposed mine and concentrator in the NWT and the hydrometallurgical process facility in Alberta, the potential for expansion of the NICO deposit and the Company's plans to develop the NICO Project. Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given including, in respect of the forward-looking information contained in this press release, assumptions regarding: the successful completion of the Company's updated feasibility study, the Company's ability to secure the necessary financing to fund the working capital required for the government funded work, the Company's ability to complete construction of a NICO Project hydrometallurgical process facility; the Company's ability to secure other feed sources for the hydrometallurgical process facility, the Company's ability to arrange the necessary financing to continue operations and develop the NICO Project; the receipt of all necessary regulatory approvals for the construction and operation of the NICO Project and the related hydrometallurgical process facility and the timing thereof; growth in the demand for cobalt and bismuth; the time required to construct the NICO Project; and the economic environment in which the Company will operate in the future, including the price of gold, cobalt, bismuth and other by-product metals, anticipated costs and the volumes of metals to be produced at the NICO Project. However, such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the risks that the Company may not be able to complete the metallurgical test work to validate process improvements, update the Feasibility and FEED studies and secure the remaining permits and authorizations needed to construct and operate the mine, concentrator in the NWT and hydrometallurgical facility in Alberta, the Company may not achieve material reductions in the cobalt and gold circuit sizes, the Company may not achieve the anticipated reductions in capital and operating costs, the Company may not be able to economically discharge residues in a Class 2 landfill, the Company may not be able to finance and develop NICO on favourable terms or at all, uncertainties with respect to the receipt or timing of required permits, approvals and agreements for the development of the NICO Project, including the related hydrometallurgical process facility, the construction of the NICO Project may take longer than anticipated, the Company may not be able to secure offtake agreements for the metals to be produced at the NICO Project, the Sue-Dianne Property may not be developed to the point where it can provide mill feed to the NICO Project, the inherent risks involved in the exploration and development of mineral properties and in the mining industry in general, the market for products that use cobalt or bismuth may not grow to the extent anticipated, the future supply of cobalt and bismuth may not be as limited as anticipated, the risk of decreases in the market prices of cobalt, bismuth and other metals to be produced by the NICO Project, discrepancies between actual and estimated Mineral Resources or between actual and estimated metallurgical recoveries, uncertainties associated with estimating Mineral Resources and Reserves and the risk that even if such Mineral Resources prove accurate the risk that such Mineral Resources may not be converted into Mineral Reserves once economic conditions are applied, the Company's production of cobalt, bismuth and other metals may be less than anticipated and other operational and development risks, market risks and regulatory risks. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law. Article content Article content Article content Article content Article content Contacts Article content Fortune Minerals Limited Article content Article content Troy Nazarewicz Article content Article content Article content Article content
Yahoo
22-07-2025
- Business
- Yahoo
MT Group secures infrastructure contract for Brunsbüttel FSRU LNG terminal
MT Group has been awarded a contract to oversee the construction of critical infrastructure at the Brunsbüttel floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal in Germany, a significant step in the country's energy security efforts. The contract, awarded by engineering lead Worley on behalf of the state-owned company Deutsche Energy Terminal (DET), will encompass a comprehensive range of construction services. Under the terms of the contract, MT Group will handle the execution of all topside and onshore-based infrastructure. This includes mechanical, piping, electrical, instrumentation and civil installation works, as well as the integration of the FSRU into the existing grid system. This project is part of the terminal's second phase of development, which involves the permanent relocation of the FSRU to its final jetty position. The Brunsbüttel FSRU terminal plays a central role in Germany's strategy to diversify its energy sources and enhance national energy security, especially considering the cessation of Russian pipeline gas due to the Ukraine crisis. Germany has expedited the implementation of several FSRUs to maintain a steady and flexible supply of global LNG. The Brunsbüttel facility, operational since 2023, is one of three terminals managed by DET in Germany. The upcoming phase will see the FSRU move to a newly constructed jetty, further solidifying the terminal's operational capabilities. This contract follows MT Group's previous agreement in October 2024 with Gasfin to construct a 50MW heater facility at Brunsbüttel, which is now nearing completion. MT Group CEO Mindaugas Zakaras said: 'This contract marks an extraordinary moment for our company. 'Being selected to contribute to such a strategically important infrastructure project in Germany is not only a testament to our technical capabilities, but a recognition of the trust we have built across the European energy market. Together with Worley and Deutsche Energy Terminal, we are fully committed to delivering the highest standards of safety, quality and execution excellence. This project will be a reference of historic importance for MT Group.' "MT Group secures infrastructure contract for Brunsbüttel FSRU LNG terminal" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
07-07-2025
- Business
- Associated Press
Blue Moon Metals Selects Worley to Prepare a NI 43-101 Feasibility Study For the Nussir Project in Q1-2026 and Advance Basic Engineering
TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. ('Blue Moon' or the 'Company') (TSXV: MOON; OTCQB: BMOOF), is pleased to announce the selection of Worley Limited ('Worley'), a leading global professional services company of energy, chemicals and resources experts, as the engineering contractor for the update from the May 2023 SRK JORC-compliant Feasibility Study to a maiden NI 43-101 Feasibility Study ('FS') and advancement of the basic engineering on its flagship Nussir Copper-gold-silver Project, in Norway. The basic engineering on the process plant will allow us to order long-lead items in Q4-2025. Detailed engineering is expected to follow from the basic engineering in 2026. The decision follows a competitive tender and evaluation process to identify a top-tier engineering partner to update the May 2023 JORC-compliant Feasibility Study and to advance the project to basic engineering and support the construction decision. This update will provide a solid base for the construction of the full project following the start of the exploration decline in June 2025. Worley brings deep expertise in advancing base metal projects with deep knowledge and understanding of delivering projects in Norway. The engineering work will be conducted primarily through Worley's offices in both United Kingdom and Canada. 'We are very excited to partner with Worley to unlock the potential of the Nussir project and advance towards long lead equipment purchase and construction', said Christian Kargl-Simard, CEO of Blue Moon. 'Their strength in mining and mineral processing, and ongoing project delivery in Norway, provide a unique combination of global expertise and local project execution for the Nussir project.' The FS update will incorporate the results for the ongoing mine decline construction, updated capital & operating expenditure and will incorporate innovations in the mine design and process facility, including optical sorting, to improve the project outcome. The study will also focus on advancing several value optimization opportunities in mine planning, process facility and infrastructure. The results from the FS update are expected in Q1-2026. Qualified Persons The technical and scientific information of this news release has been reviewed and approved by Mrs. Boi Linh Doig, a non-Independent Qualified Person, as defined by NI 43-101. About Blue Moon Blue Moon is advancing 3 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States. All 3 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the USGS and EU list of metals critical to the global economy and national security. More information is available on the Company's website ( ). About Worley Worley is a leading global professional services company of energy, chemicals and resources experts. With around 50,000 employees in 45 countries, the company partners with customers to deliver projects and create value over the life of their assets. Worley is bridging two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now. Worley Limited is headquartered in Australia and listed on the Australian Securities Exchange (ASX: WOR). For further information: Blue Moon Metals Inc. Christian Kargl-Simard CEO and Director Phone: (416) 230 3440 Email: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARYDISCLAIMER-FORWARDLOOKINGSTATEMENTS This news release includes 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian and U.S. securities laws. All statements included herein that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking information may in some cases be identified by words such as 'will', 'anticipates', 'expects', 'intends' and similar expressions suggesting future events or future performance. We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management, and are subject to change after the date of this news release. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein. Forward-looking information is provided herein for the purpose of giving information about the Nussir Project and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available
AU Financial Review
19-06-2025
- Business
- AU Financial Review
The CEO of this $7b company is doubling his workforce
Chris Ashton, the chief executive of the $7 billion, ASX-listed global engineering group Worley, recently took an example of an artificial intelligence calculation to the board to explain how his 45,000 staff could do the work of 90,000 employees. 'We showed this to our board, an engineer doing a calculation to understand what thickness a wall should be if it's carrying a product of a particular pressure,' Ashton tells BOSS from the business centre at Melbourne's Grand Hyatt during a visit from his US home in Houston.
