Latest news with #maintenance
Yahoo
20 minutes ago
- Business
- Yahoo
First Quantum expects rise in Cobre Panama maintenance costs
(Reuters) -Canadian miner First Quantum Minerals said on Wednesday it expects costs associated with the maintenance plan for its closed copper mine in Panama will increase to roughly $17 million to $18 million per month. In May, Panama approved the company's preservation and safe management plan (P&SM), which allowed it to export copper concentrate stored at the site as well as to restart a power plant at Cobre Panama. The site had been shut in 2023 after massive protests from local residents over environmental issues. The mine's closure, which had contributed 1% to global copper production, has had an impact on both Panama's and the company's financial prospects. First Quantum began shipments of the 120,000 metric tons of copper left at the site in June. The final shipment is expected to be dispatched soon, the company said on Wednesday, putting an end to uncertainty over the stockpiled copper. During the second quarter, maintenance costs related to the Cobre Panama mine averaged roughly $15 million per month. The plan also allows for import of fuel to help restart Cobre Panama's thermoelectric power plant, which is expected in the fourth quarter of 2025. First Quantum said that the up to $3 million rise in P&SM costs could be partially offset by the potential sale of excess power to support Panama's national grid. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times
2 hours ago
- General
- Times
Is this a good time to buy shares in National Grid?
T his month's official report into the power cut at Heathrow airport in March made uncomfortable reading for National Grid. The company presents itself as the careful custodian of the high-voltage electricity network across England and Wales — yet the report by the National Energy System Operator gives the impression that it has been asleep on the job. The blaze in a transformer at National Grid's North Hyde substation that triggered the chaos was most likely to have been caused, Neso found, by moisture entering equipment known as a bushing, causing a short circuit and the ignition of oil within it. Moisture had been detected in oil samples in July 2018, indicating an 'imminent fault' that needed fixing — yet National Grid failed to do so for seven years. It deferred basic maintenance at the substation and failed to fix a fire suppression system that was found in 2022 to be 'inoperable'. Some 108 of National Grid's 805 transformers nationally are overdue maintenance, the report found, a proportion that's within the company's own limits but raises obvious questions about what risks may be going unaddressed.
CBS News
3 hours ago
- Climate
- CBS News
Air conditioning restored to all 4 buildings in Park Forest, Illinois apartment complex
After going through one summer heat wave without air conditioning, all four buildings at the Autumn Ridge apartment complex in the south Chicago suburb of Park Forest now have working AC. Any residents still having issues are advised to contact maintenance. Back in June, residents of the buildings complained that the AC had not been on all year. When a heat wave hit the area late that month, the air conditioning was still out, and one resident's thermostat read 92 degrees inside an apartment. The AC was restored to one of the four buildings during that heat wave on June 24. With extreme heat having settled in the area again Wednesday, the community center at the Autumn Ridge and the Park Forest Village Hall are open as cooling centers during business hours. The Park Forest Police Department is open as a cooling center 24 hours on Wednesday and Thursday.
The Herald
8 hours ago
- The Herald
‘Only a sperm donor' claim fails for dad trying to dodge maintenance
A Johannesburg man's attempt to avoid a claim for maintenance to support his twin children by asserting he had merely agreed to be a sperm donor for a lover has been rebuffed by the high court. The lawyer, who is a senior counsel, had an on-off extramarital affair from 2002 with a woman with whom he had twins, a boy and a girl, in October 2021. He is their biological father, though they were conceived by her undergoing artificial fertilisation. The married man also has one child with his wife and two older children. Last year the mother of the twins went to maintenance court and asked for an increase in the allowance he paid towards the children's care because her work contract was not renewed. He responded by filing a case in the high court, saying he had a 'gamete donor agreement' with her for use of his sperm to become pregnant during fertility treatment. A maintenance claim, he said, was 'contrary to their agreement' and he must 'protect his rights'. He asked the court for a declaratory order that he not be considered as the children's father or a person holding parental responsibilities and rights for them as envisaged by the Children's Act. He said he had agreed to assist her because of his care and affection for her 'to allow her to fulfil her dearest wish'. He did not want and could not afford another child and his condition was clearly expressed to her, which she accepted and on which basis he donated his sperm, he said.
BBC News
10 hours ago
- Automotive
- BBC News
Six months of Itchen Bridge works to begin in August
Six months of maintenance work on Southampton's Itchen Bridge has been announced. The city council said the work - starting on Monday 11 August - would "enhance the lifespan of the bridge for many years to come" and was scheduled to finish in February bridge will remain fully open during peak times, but temporary traffic lights will be in place between 09:30 and 15:30 each day. Overnight closures for vehicles will run from 20:00 to 06: maintenance will include drainage upgrades, joint repairs, waterproofing, resurfacing of the road and pavement and new road markings. A temporary 20mph speed limit will also be in force throughout the works. The project replaces a previously planned eight-week closure in July 2024, which was scrapped in May last year. In January, councillors confirmed they were exploring ways to carry out the work without a full closure of the bridge. You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram.
