As per the terms of the deal, Vestas will replace the existing Clipper turbines with its V110-2.2MW turbines at the Trinity Hills, Sherbino Mesa II and Silver Star wind farms.

Phoenix Wind Repower is a portfolio investment of a fund managed by Ares Management Corporation, an alternative asset manager.

Vestas US and Canada president of sales and service and division Chris Brown said: “We’re thrilled to partner with Ares’ Infrastructure and Power strategy as they expand their wind portfolio, and move to deliver profitable returns for their customer through the long-term, sustainable, and reliable wind industry.

“With the exponential advancements in wind technology over the last decade, the turbines of today barely resemble the turbines of yesterday. Through repowering these projects, we’ll unlock even more value through the lifetime performance of these projects.”

The scope of the contract also includes supply, installation and commissioning, as well as 10-year active output management 5000 service agreements for every wind farm project.

Vestas said that the delivery of turbine will commence in the fourth quarter of 2019.

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The company will pay the total consideration of A$7m ($4.92m) over 24 months.

Kalamazoo will retain a 2.5% net smelter royalty (NSR) on all base metals mined from the Snake Well tenements.

The company will use the sale proceeds to fund the exploration and drilling program at its Wattle Gully gold project in Victoria, Cork Tree copper project and the Pilbara gold tenements in WA.

The agreement also gives Kalamazoo the option to engage Adaman for the provision of up to A$4m ($2.81m) of drilling services for the Wattle Gully project. The amount provided will be deducted from the sale proceeds.

Kalamazoo purchased the Wattle Gully project and the surrounding 288km² Castlemaine Goldfield in June this year.

Kalamazoo Resources chairman Luke Reinehr said: “Signing the mining property sale and purchase agreement on time is an excellent result.

“The company is also delighted to have kept an interest in the base metal rights at Snake Well and the opportunity to establish an on-going relationship with Adaman.”

Located 450km north of Perth in the south Murchison Region, the Snake Well tenement holding covers a total area of 263km² and extends for a strike length of around 45km.

Adaman is a mining solutions company specialised in drilling, logistics and corporate services. In May this year, the firm acquired the Kirkalocka gold mine in WA’s Mid-West region.

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Arcticgas holds the licence for exploration and production on the field.

Novatek Management Board chairman Leonid Mikhelson said: “The launch of the crude oil programme at Arctigas’ Yaro-Yakhinskoye field will make a significant contribution to the Company’s liquids production growth.

“We managed to complete construction in a short time fully using the existing infrastructure.”

Arcticgas has constructed oil and gas gathering systems, central oil treatment facility and a 57km long external crude oil pipeline with an oil delivery point to commence crude production. 22 production wells were drilled within crude oil part of the field.

Currently, production drilling is underway.

Located in the Purovsky district, the Yaro-Yakhinskoye field is estimated to host 206 billion cubic meters of natural gas and 32 million tonnes of liquids, according to the Russian reserves classification.

The field started gas and gas condensate commercial production in April 2015.

Established in 1994, Novatek is one of the largest natural gas producers in Russia. Most of its upstream activities are within the Yamal-Nenets Autonomous Region, which accounts nearly 80% of Russia’s natural gas production.

Last year, the company launched the entered the Yamal LNG project.

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The scope of the contracts, which have been signed with Bladt Industries, EEW Special Pipe Construction, Van Oord Offshore, JDR Cable Systems and Global Marine, includes manufacturing and installation of monopile foundation, transition pieces and inter-array cables.

Vattenfall head of offshore wind and country manager in Denmark Michael Simmelsgaard said: “At Vattenfall we are working at enabling a fossil-free living within one generation and this is naturally also reflected in our investments.

“The signing of the additional major contracts for our Kriegers Flak offshore wind farm is an important part of these investments and will increase Vattenfall’s offshore wind capacity significantly.”

Located in the Baltic Sea, the 604.8MW Kriegers Flak offshore wind farm will feature 72-turbine and will be the largest offshore wind complex in Denmark.

Upon becoming operational in by the end of 2021, the facility will be able to produce enough electricity to meet the annual consumption of almost 600,000 households in Denmark.

“Kriegers Flak is at the forefront of our efforts to reduce the cost of offshore wind energy for the benefit of the electricity consumers. With the award of the additional major contracts, we are partnering up with preferred and trusted companies in the industry, and we look forward to the cooperation,” Simmelsgaard added.

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The new business unit is expected to be more sensitive to the retail market dynamics and to integrate the whole the hydrocarbon value chain, said Saudi Aramco.

Saudi Aramco Downstream senior vice-president Abdulaziz Al-Judaimi said: “Integrating fully across the hydrocarbon value chain is key to capturing maximum value from our resources.

“We are very excited with the establishment of RetailCo. It will leverage synergies in our business model and position us to actively participate in the customer-facing segment of the downstream value chain.”

In phases, RetailCo will create a network of domestic fuel retail stations across the country to sell automotive fuels. However, the company did not divulge additional details of the planned fuel retail network.

But, it plans to develop RetailCo as a complete downstream retail entity of Saudi Aramco.

Al-Judaimi added: “By instituting a customer focus culture, combined with premium fuels and services, RetailCo will strive to exceed its customer’s expectations, thereby ensuring its business is sustainable for the long-term.

“Kingdom consumers will experience the hallmarks of Saudi Aramco’s brand essence which promises quality, reliability and safety, ensuring a vibrant and enriching stopover experience at our network of fuel retail stations.”

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The scope of work includes determining the final costs and technical definition for the proposed second LNG train at the Pluto LNG facility with a targeted capacity of 5Mtpa. The project also involves installation of domestic gas infrastructure.

Additionally, the contract also includes an option for Woodside to award the lump sum engineering, procurement and construction contract. It is subject to the positive final investment decision (FID) on the project and other conditions.

Woodside CEO Peter Coleman stated that the step will help to advance the development of Burrup Hub, a LNG production centre in northern part of the province. It is also expected to support the development of the Scarborough gas resource.

Coleman added: “Our Burrup Hub vision is taking shape as we work with Bechtel to progress the Pluto Train 2 Project, which will create a pathway for the globally cost-competitive development of Western Australian gas resources.”

The Pluto Train 2 Project represents a planned expansion of the existing Pluto LNG onshore facilities.

These facilities processes gas procured from the offshore Pluto and Xena gas fields in Western Australia.

Woodside is planning FID for the Pluto Train 2 Project in 2020 and commence operations in 2024, subject to necessary joint venture approvals, regulatory approvals and commercial arrangements.

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At that time, White Rock and Sandfire started a strategic relationship over the Red Mountain project.

Pursuant to the subscription agreement, the companies are required to negotiate the terms of the JV within three months.

Sandfire can earn a 51% interest in the project by funding a total amount of A$20m ($14.1m) over a period of four years. Thereafter, the company can increase its ownership in the project to earn 70% by funding an additional A$10m ($7.05m) and delivering a pre-feasibility study (PFS). These two steps constitute the first two stages of the JV deal.

In the third stage, if White Rock decides not to contribute to the JV, Sandfire can solely fund a definitive feasibility study to earn 80%. The company can raise its stake to 90% if White Rock chooses not to contribute.

White Rock Minerals managing director and CEO Matt Gill said: “Securing a high-quality partner with world-leading expertise in the exploration and development of base metals projects is a strong endorsement to the quality and potential of White Rock’s globally significant high-grade zinc VMS Red Mountain project. White Rock looks forward to collaborating with Sandfire Resources as part of our strategic relationship and this JV agreement.”

The Red Mountain project will be managed by White Rock for at least the first year of the earn-in. Sandfire will have to pay the company a management fee of 10% above all project expenses.

The project is located 100km south of Fairbanks in the Bonnifield Mining District and comprises 224 mining claims covering an aggregate area of 143km².

It is estimated to contain an inferred mineral resource of 678,000t of zinc, 286,000t lead, 53.5 million ounces of silver and 352,000 ounces of gold.

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The total consideration for the additional stake includes a cash payment of A$750,000 and issuance of CZL shares valued at A$1.7m at a share price of 2.34 cents a share.

Consolidated Zinc CEO Brad Marwood said: “We are very happy to have secured the increase in ownership of the Plomosas Mine as we see a bright future for the mine that will deliver increased shareholder value.

“Over the next 9 months, the team will be pursuing avenues to increase production and decrease costs while revenues from zinc sales will allow the Company to resume resource definition drilling to increase the resource base and confidence.”

Pursuant to an agreement signed earlier this year, the Mexican Partners can choose to sell the 10% interest in MLAZ subject to a pre-emptive right in favour of Arena after receiving a bankable feasibility study (BFS).

The Plomosas mine, which was re-commissioned in September this year, is now undergoing production ramp-up.

During next year, CZL expects production to stabilise. Besides, the company will complete the shaft refurbishment to further reduce the operating costs of the mine.

Located 120km from Chihuahua City, Plomosas is anticipated to deliver free operating cashflows during the second quarter of next year.

Historical mining operations at the project between 1945 and 1974 extracted more than two million tonnes of ore grading 22% zinc and lead and over 80g/t silver.

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EFSI operates and buys solar plants operating in Italy and has a portfolio of around 410MW in the country. The company has an enterprise value of almost €1.3bn, of which about €430m of equity value and nearly €900m of third party debt.

Commenting on the deal, EGP head Antonio Cammisecra said: “With this sale, we are leveraging on the favourable market scenario for solar assets in Italy to free up resources supporting the development and construction of new projects.

“At present, we are scouting for renewable projects in Italy, to be ready to couple greenfield development in the Country with our other growth opportunities, which are plant repowering and continuous technological innovation.”

Enel said that the divestiture of EGP’s stake in EFSI is part of its active portfolio management strategy, whereby the company seeks to reallocate financial resources to capture growth margins and potential for the group.

Enel is transferring resources to greenfield renewable projects in Italy instead of buying already operating assets.

Enel owns and operates over 14GW of renewable plants in the country, including over 12.4GW of hydro, almost 772MW of wind power, nearly 763MW of geothermal facilities and approximately 20MW of solar.

Enel Green Power has a presence in Europe, the Americas, Asia, Africa and Oceania.

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The parties signed a binding term sheet, which replaces the deal signed by Doray with Galane Australia in October this year for the sale of the Andy Well project.

Galane terminated the agreement, citing non-fulfilment of necessary conditions.

Pursuant to the term sheet, Westgold is required to pay up to A$15m ($10.56m) in cash and shares in exchange for the acquisition of the projects.

Upon completion of the transaction, the company will make an upfront payment of A$9m ($6.33m), including A$2.5m ($1.76m) in cash and A$6.5m ($4.57m) in shares.

Additional deferred payments of A$2m ($1.4m) each totalling A$6m ($4.22m) will be linked to production milestones.

Doray Minerals managing director Leigh Junk said: “Doray is delighted to have signed this Term Sheet with another well-regarded West Australian gold producer. We have full confidence in Westgold delivering future value for all stakeholders from Andy Well and Gnaweeda, which are complementary to their existing large-scale Murchison operations.”

The company’s board of directors believes that the deal with Westgold is a better outcome for the shareholders.

Located around 40km north of Meekatharra in the Central Murchison Region, the Andy Well project is estimated to contain an underground mineral resource of over 500,000oz at 8.6g/t Au.

Doray ceased production at the Andy Well project last year due to declining production profile and profit margin.

The Gnaweeda exploration project, which is located 15km from the Andy Well processing facility, has a Mineral Resource of 322,000oz at 1.8g/t Au.

The completion of the transaction is anticipated to take place in February next year and is subject to completion of due diligence, as well as the receipt of third-party consents.

Last month, Doray entered into a merger agreement with Silver Lake Resources. The company has stated that the term sheet was approved by Silver Lake.

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