Iraq earns additional 252 million under UN oilforfood programme

According to the United Nations Office of the Iraq Programme, which oversees the effort, the average price of Iraqi crude oil during the week was approximately €24.82, or $21.70, per barrel. Prices are based on going market rates.During the past week, the UN oil overseers approved six more oil purchase contracts for 37 million barrels of oil. In total, 65 contracts for 227 million barrels of oil have been approved under the current phase of the programme, which runs through 30 November. At the end of the week, the value of contracts placed on hold by the Security Council sanctions committee stood at $3.5 billion. Fifteen contracts worth $15 million were released from hold, while 33 new contracts worth $66 million were placed on hold. The “released” contracts included those for ambulances, medical appliances, vehicles, a sprinkler irrigation system, chemicals, valves and pipes. The new “holds” were for excavators, radio equipment, buses, trucks, water tankers, pesticides, mobile cranes and steam boilers. read more

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Sandvik secures major materials handling orders for iron ore mines

first_imgSandvik Mining has secured major materials handling contracts in South America and Australia. The combined value of the contracts exceeds SEK950 million and will be executed and contribute to Sandvik Mining’s business during the years 2013 until 2015. The orders include design and supply of conveying systems with a total length of 8.9 km comprising of two iron ore transfer conveyors up to 28,500 t/h and two waste conveyors lines each with 9,500 t/h capacity for a surface mine in South America. For Australia the orders include design, supply and delivery of materials handling equipment for iron ore stacking at peak rates of over 11,500 t/h.“The size and complexity of the systems and the impressive performance data again demonstrate Sandvik Mining’s capability to provide high-tech solutions in the area of continuous mining and materials handling applications”, says Gary Hughes, President of the Sandvik Mining business area.last_img read more

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