Russia’s Petropavlovsk sees net profit next year as key project boosts output

Last year's fertilizer price plunge called strategy into question.

Boart Longyear, the world’s leading provider of integrated drilling services, equipment and performance tooling, will be the major sponsor of the Australian Drilling Industry Association’s (ADIA) DRILL 2014 conference on August 19 and 20 at the Gold Coast Convention & Exhibition Centre in Gold Coast, Queensland.

According to the company, the mine will employ about 1,800 workers during construction and generate 1,000 permanent jobs once opened.

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The firm warned first-half profit may drop as much as 96%.

Australian authorities believe they have identified key individuals connected to what is considered one the country’s largest organized tax frauds.

The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.

Authorities say the amount of the radiation workers involved in a spill clean-up had to face was low and of “no consequence” to human health.

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