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May 16, 2012
Barrick South America

Barrick Gold holds some of the world’s most exciting gold projects in its South American portfolio, and is determined to lead the mining industry in responsible mining.

Barrick Gold holds some of the world’s most exciting gold projects in its South American portfolio, and is determined to lead the mining industry in responsible mining. Julia Smith reports on its contribution to sustainable development and environmental best practice.

April 27, 2012
Methanex announces plant relocation project

Vancouver-based Methanex, the world’s largest supplier of methanol to major international markets, is to relocate one of its plants from Chile to Louisiana in the United States.

Vancouver-based Methanex, the world’s largest supplier of methanol to major international markets, is to relocate one of its plants from Chile to Louisiana in the United States.

Methanex has four plants at its Cabo Negro complex in southern Chile, but they are operating significantly below capacity, mainly due to curtailments of natural gas supply from Argentina.

February 15, 2012
Troy Resources

Paul Benson, CEO of junior Australian gold mining company, Troy Resources, talks to Gay Sutton about the challenges and rewards of low cost gold production.

Paul Benson, CEO of junior Australian gold mining company, Troy Resources, talks to Gay Sutton about the challenges and rewards of low cost gold production.

There are not many gold mining companies, large or small, that have been able to deliver cash dividends to their shareholders 12 times over the last 12 years. Australia-based Troy Resources has not only achieved this, but continued to do so during 2008 when the world slipped into global recession. So what is the secret behind this impressive track record? 

March 29, 2011
Lithium Americas Corp.

The third largest lithium bearing brine deposit in the world will come on stream just in time to feed escalating demand for electric cars.

Lithium Americas Corporation was set up last year after the discovery of the third largest lithium bearing brine deposit in the world. Its 64,572 hectare Cauchari-Olaroz discovery in Argentina will come on stream just in time to feed escalating demand from the manufacturers of electric vehicles.

 

January 12, 2011
Magna Seating continues South American expansion

Magna Seating, an operating unit of Canadian autoparts maker Magna International, continues its growth in South America with the acquisition of automotive seat supplier Pabsa SA.

Magna Seating, an operating unit of Canadian autoparts maker Magna International, continues its growth in South America with the acquisition of automotive seat supplier Pabsa SA. The new entity will operate as Magna Seating Argentina.

Pabsa, previously part of the L'Equipe Monteur Group, is based in Buenos Aires, Argentina, and is a vertically integrated supplier of complete seats, foam products, trim covers and seat structures with sales in 2010 of approximately US$110 million.

September 3, 2010
Goldcorp adds Andean to its portfolio

Canadian mining giant Goldcorp has agreed to buy Andean Resources Limited for C$3.6 billion, thereby adding the Cerro Negro gold deposit in Argentina to its assets.

Canadian mining giant Goldcorp has agreed to buy Andean Resources Limited for C$3.6 billion, thereby adding the Cerro Negro gold deposit in Argentina to its assets.

The Cerro Negro gold project is an advanced-stage, high-grade vein system in the Santa Cruz province of Argentina, with indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver. Inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

November 1, 2009
Zvartnots International Airport

Beating a path to Yerevan
Until recently, Armenia was not exactly on the tourist trail; now, it has found political stability and is ready to welcome an influx of travellers on business and pleasure into Zvartnots International Airport, the country’s safest and most modern building. John O’Hanlon talked to Marcelo Wende, managing director of its operator and developer Armenian International Airports (AIA).
It is estimated that around 11 million Armenians are scattered all around the world but only a little over three million still live in Armenia itself. And the diaspora seem to have done very well, with a reputation for hard work and the ability to seize every opportunity. A high proportion seem to have done outstandingly. From Levon Chilingirian, who founded one of the world’s finest string quartets, to oil magnate Calouste Gulbenkian and the French Prime Minister from the 1990s Édouard Balladur, Armenians are well represented in the ranks of the rich and influential.

July 1, 2009
Dana Gas Egypt (Centurion Petroleum Corporation)

Sensitive situation
A move from North America to North Africa changed the fortunes of oil and gas exploration company Dana Gas Egypt (DGE)—formally acknowledged as Centurion Petroleum Corporation—but created a few headaches in the process, as Alan Swaby learns.
Centurion, the exploration and development arm of Dana Gas PSJC, has its roots in Canada, where Centurion was established in 1997 by the merger of two small oil exploration companies. Listed on the Toronto Stock Exchange, it had properties in Argentina and Canada. A change of senior management with knowledge of North Africa, its geology, culture and policies made the strategic decision to switch focus there. North and South American assets were sold and new assets were acquired in Tunisia. Shortly afterwards, Centurion bought some of Marathon’s assets and started work in Egypt. Later, in 2007, Centurion became wholly owned by Dana Gas, the UAE based company.

June 1, 2009
Cape Fruit Processors

Pulp facts
Cape Fruit Processors has had unique success in one of the world’s trickiest markets, proving to John O’Hanlon that it’s no “me too” player in the South African juice and pulp industry.
Four years after qualifying as an accountant, Max Thalwitzer heads Cape Fruit Processors’ principal production unit at Malelane in the Limpopo Valley, near the place where his grandfather, Mannetjie, first started to farm citrus fruit in the 1960s. In 2000 Max’s father Vonnie moved south to start a deciduous fruit business—apples and pears, basically—in the Cape area, with processing facilities at Paarl in the Western Cape and Mpumalanga on the other side of the country, about 30 miles inland from Durban. Mpumalanga was home to Riverside Processors, which in 2000 combined with the other Thalwitzer family group entities and some farming interests belonging to Johann Rupert, the wealthy South African owner of the Swiss-based Richemont Group. The present-day Cape Fruit Processors is divided equally between the Rupert and Thalwitzer families, explains Max.