Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
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GIW engineering experts travel frequently to mining sites all over the world, including the oil sands mining operations in Alberta, Canada. The oil sands sites present many unique challenges to mining operations, including extreme weather (such as temperatures below -40o F during the winter.) During visits with oil sands customers, GIW observed the pump houses that customers currently have in operation. Based on these observations, GIW noted room for design improvements that would provide better equipment alignment during operation and ease of maintenance during rebuilds. The existing pump houses allow some mobility, but the houses vary in design and quality. (more…)
