When the Diavik Diamond Mine went into production in January 2003, it had already achieved amazing feats of engineering. VP operations Marc Cameron tells Gay Sutton how the mine has rebounded from the 2008/2009 global financial crisis and is now completing a major investment to migrate from open pit to underground mining.

Uranium Energy Corp and Concentric Energy Corp have completed their stock-for-stock merger, giving UEC 100 percent ownership of the Anderson Property in Arizona.

The Anderson Property is a 7,581-acre mineral claim block with a previous history of small-scale uranium production, located in Yavapai County, Arizona, approximately 75 miles northwest of Phoenix.

"With the acquisition of the Anderson project, UEC is now the leading uranium player in Arizona, as well as in South Texas,” said President and CEO Amir Adnani.

Manuel E. Bonilla, president of the Barrick Pueblo Viejo gold mining complex, talks to Jayne Alverca about the environmental, economic and social implications of the biggest single investment ever made in the history of the Dominican Republic.

Agricultural and construction equipment retailer Titan Machinery Inc, has reported its financial results for the second quarter and first six months ended July 31, 2011.

Boosted by the acquisitions of Carlson Tractor and Equipment Inc and St. Joseph Equipment Inc, second quarter revenue increased 48.3% to $310.8 million from revenue of $209.7 million in the second quarter last year.

Carlson Tractor and Equipment, Inc. consists of two New Holland Construction locations in Rosemount and Rogers, Minnesota. The acquisition was completed on May 13, 2011.

South Africa’s Allied Technologies (Altech) has announced its acquisition of Germany’s SetOne, a provider of DVB-based products and solutions in the German-speaking region of Europe.

Altech said that SetOne, which specialises in digital video broadcasting (DVB) STB receivers, has built alliances with key players in the value chain of its products and services offering within Asia and Europe—including licence agreements with companies such as Sisvel, MPEG LA and Rovi.

UK investment vehicle Vallares, headed by the former CEO of BP Tony Hayward, is to merge with Turkey’s Genel Energy in a £2.5 billion deal.

The transaction, which will give Vallares oil fields in northern Iraq’s Kurdistan region, will see the new company trading as Genel Energy Plc, with Hayward as CEO.

The semi-autonomous Kurdistan region is thought to contain about 40 billion barrels of oil and 60 trillion cubic feet of gas.

UK oil company Northern Petroleum has announced the commencement of operations for an extended well test of the Markwells Wood oil discovery in West Sussex, England.

The test will enable Northern Petroleum and its joint venture partners—Magellan Petroleum and Egdon Resources—to evaluate the potential and plan future development of the Markwells Wood oil accumulation.

Northern holds a 50 per cent interest in the licence; Magellan holds 40 per cent; and Egdon Resources 10 per cent.

Ashish Vij, chief operating officer of Sudarshan Chemical Industries, talks to Jayne Flannery about the company’s drive to become a leading global pigment producer whilst adhering to the highest international safety and environmental standards.

The past few years have been difficult trading periods for retailers and as Alan Swaby learns, even the most prestigious names in the business have had to learn new tricks.

“Anyone who doesn’t think that a business has to reinvent itself periodically,” says Hilton Mer, executive chairman of Stuttafords—South Africa’s most prestigious department store—“is deluding themselves and by so doing, will prejudice the sustainability of the business. One has to be proactive in keeping in touch with markets and consumers.”