Pump Industry Analyst
Pump Company Index Abel Pump Ahlstrom
6 Water Jetting
IO, 11 16
ITT Industries Johnson
Pump Works11 14
Thompsons TI Group
10, 12, 13
Tuthill Vacuum United
Kelly & Lewis Systems
11 9, 16 12
Kvaerner has been awarded the engineering, procurement and construction management (EPCM) contract for The Broken Hill Proprietary Company Limited Tintaya Copper @HP) Oxide Project in Peru. The project is located in BHP’s Altiplano copper/gold district. In 1999, BHP Tintaya was the third largest copper producer in Peru and the sixth largest producer of gold. The original feasibility study and 40% of detailed engineering were completed in 1998 by Bechtel. Since then additional value-added studies and geological work have been carried out. Completion of an updated feasibility study is expected by July 2000.
KVAERNER SECURES PERUVIAN DEAL
12 12, 16
COAL PRODUCTION SET TO INCREASE Normal weather patterns and continued economic expansion will contribute to slow but steady growth within the coal indusCIT according to try, Financing’s Equipment Sixth
The forecast predicts that in 2000 coal production. which includes steam and coal. will metallurgical increase 0.5% to 1.10 billion tons. followed by a 0.6% rise in 2001. A strong economy and a flattening in nuclear generated power in 2000 will also create a demand for coal-fired elec_. . steam coal . will. . . trtctty. .Whtle continue to lead in terms of consumption, met coal will at best stagnate and in all likelihood decrease.
According to the Outlook, the cost of coal will continue to decline with prices per ton averaging US$17.10 and US$l7.00 in 2000 and 2001, respectively. The Outlook also predicts that coal exports during 2000 and 2001 will, at best, move sideways.
OUTOKUMPU INVESTS IN IRISH ZINC MINE Outokumpu is extending its Tara zinc mine in Ireland to exploit the Southwest extension (SWEX) of its orebody. The C?47 million investment will secure the mine life until at least 2008 at zinc production levels of over 200 000 tonnes per year. The investment. including a new 10 000 tonnes per day ore handling system. is required to mine an estimated 10.4 million tonnes of ore grading 9% Zn and 2% Pb. Exploration continues and there is good potential to further extend the resource. Production from SWEX will start in 2001 and will reach full capacity by 2004. During 200 l-2008. Tara’s total annual output with SWEX will be over 200 000 tonnes of zinc in concentrates.
BP AMOCO OUTLINES GULF OF MEXICO CONTRACT Paragon Engineering Set-vices and Intec Engineering are to undertake preliminary engineering work for the new oil and gas transportation infrastructure to be developed by BP Amoco in the Gulf of Mexico. Paragon w11l concentrate on onshore and the continental shelf offshore pipelines and potential booster stations. while Intec will focus
on deepwater infrastructure. The contracts are worth approximately US$8 million during the first year. The companies will help BP Amoco review and select routes, equipment, and transportation system components. leading to a system availability by the time the first of these fields is ready for production, as early as 2003.
FOSTER WHEELER SCORES DOUBLE SUCCESS Foster Wheeler Energy Limited (FWEL) has won a contract to develop the basic design and engineering package to debottleneck Shell’s higher olefins plant (SHOP) at its Stanlow manufacturing complex in South Wirral, UK. FWEL has also extended its alliance contract with Shell, which began in April 1997 for an initial three-year period, for a further three years. Under the terms of the alliance contract. FWEL will continue to provide a full range of services including project management, design/engineering and procurement and construction management services for a whole range of projects for the oils and chemicals production units. The alliance contract is based on sharing risks and rewards and aims to deliver to the customer continuous cost reductions without compromising safety, environment. quality. or reliability issues.
WORLD BANK FUNDS BANGLADESH 1 POWERPROJECT The World Bank’s International Finance Corporation is providing US$54.1 million