On Tuesday, Emerson Electric Co. (NYSE:EMR)’s shares declined -0.38% to $55.05.
Emerson Electric Co. (EMR) is all set to assist India in mitigating its growing energy demand. The company’s business unit, Emerson Process Administration, lately secured a contract from National Thermal Power Corporation (‘NTPC’) Limited. The contract requires Emerson to provide automation expertise and technologies for two newly build 800-megawatt supercritical energy generating units at Darlipali Super Thermal Power Station, located in Sundergarh District of Odisha in India. The deal would serve to satisfy the region’s growing energy requisites.
In the contemporary era of ‘reverse innovation’, emerging economies like India are considered to be the primary hubs of industrial growth and research stations, since increasing rate of employment, literacy and social development in these countries call for greater energy demand. NTPC Limited is the biggest power utility corporation in India, which has pioneered automation of national power stations like Sipat, Simhadri, and Tanda and is also guiding certain similar projects at present.
Emerson Electric Co. provides technology and engineering solutions to industrial, commercial, and consumer markets worldwide. It operates through five segments: Process Administration, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Administration segment offers products and technology, and engineering, project administration, and consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs and plants. This segment serves end markets in oil and gas, refining, chemicals, power generation, pharmaceuticals, food and beverages, pulp and paper, metals and mining, and municipal water supplies.
FMC Technologies, Inc. (NYSE:FTI)’s shares gained 0.05% to $38.67.
FMC Technologies, Inc. (FTI) declared that it has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $297 million in revenue and is in addition to the initial order for Well Clusters 1-2 received in 2014 from BP, the operator of the Shah Deniz Stage 2 project. The Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea, about 100km south of Baku.
FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. The company operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments. The Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas; and well access and flow administration services, counting installation and workover tools, service technicians for installation assistance, and field support services.
At the end of Tuesday’s trade, Centurylink Inc (NYSE:CTL)‘s shares surged 1.46% to $29.88.
M3AAWG Board of Directors: AT&T ( T); CenturyLink ( CTL); Cloudmark, Inc.; Comcast (NASDAQ: CMCSA); Constant Contact (NASDAQ: CTCT); Cox Communications; Damballa, Inc.; Facebook; Google; LinkedIn; Listrak; Mailchimp; Message Systems; Orange (NYSE: ORA) (ORA.NX); OVH; PayPal; Return Path; Time Warner Cable; Verizon Communications; and Yahoo! Inc.
M3AAWG 34th General Meeting — A thoughtful provocateur ready to take on difficult challenges for the good of the Internet and an influential cybersecurity advocate, Rodney Joffe has worked to protect end-users since the 1990s when he fought to contain spam as the first email marketing campaigns were taking hold. In the ensuing years, he has single-handedly crippled text spam, has developed a sophisticated system to protect DNS, and has assisted manage the worldwide response to major botnets infecting millions of users. At the M3AAWG 34th General Meeting in Dublin, Ireland, Joffe received the 2016 M3AAWG Mary Litynski Award for his lifetime achievements in protecting the Internet and end-users.
Joffe’s most recent focus has been on combatting botnets, nefarious networks of malicious code designed to steal personal information, hijack a user’s machine or engage in other harmful activities. Chairing the Conficker Working Group starting in 2008, Joffe managed the efforts of thousands of technologists in 115 countries working to mitigate the botnet. He also served as an envoy for the group, pressuring the U.S. government to pay attention to the problem and testifying at U.S. congressional cybersecurity hearings in 2009. In 2013, he received the U.S. FBI Director’s Award for assisting organize the industry’s response to the Mariposa botnet, another major infection that affected users globally. He has also take partd as a core threat designer in cybersecurity exercises operated by the U.S. Department of Homeland Security, the White House and the U.S. National Security Council.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer. The company offers broadband services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; private line services for transmission of large amounts of data between sites; and multi-protocol label switching, a data networking technology to support real-time voice and video.
Eldorado Gold Corp (USA) (NYSE:EGO), ended its Tuesday’s trading session with -3.39% loss, and closed at $3.99.
Eldorado Gold Corporation (EGO) , declared the completion of the Feasibility Study (“FS” or the “Study”) with its wholly owned partner Brazauro Recursos Minerais S/A (Brazauro) for the Tocantinzinho Gold Project. The Study was led by an internal team with technical support offered by various Canadian and Brazilian consultants. The Tocantinzinho project is located in the State of Pará, Northern Brazil.
Highlights
- 1.7 million oz of gold produced over the life of the project
- Using conventional open pit mining methods, mining a total of 41.1 million tonnes (Mt) of ore with a strip ratio of 3.5:1 over the mine life.
- Recoveries of 90.1% for primary ore and 75.0% for saprolite ore, utilizing a simple comminution, flotation and leaching process.
- Initial capital cost estimated at $466 million and sustaining capital, counting closure costs, estimated at $64 million.
- Cash operating costs of $572/oz.
- Generation of a positive NPV of $245 million at a 5% discount rate and an IRR of 13.5%.
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada .
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