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Researched by Industrial Info Resources (Sugar Land, Texas)--Led by Metals & Minerals, Oil & Gas Pipelines and Power-related projects, Colorado could see as much as $1.9 billion in project completions in the upcoming quarter. In all, Industrial Info is tracking 30 projects that are set for completion in fourth-quarter 2016 in the Centennial State.
Click the image at right for a graph showing fourth-quarter project completions in Colorado by industry.
Only two mining projects are set for completion in the quarter, but the Victor Cresson Above-Ground Gold Heap Leach Mine Expansion & Mill Addition in Florissant is worth $585 million. As part of a long-term project by Newmont Mining Corporation (NYSE:NEM) (Denver) to extend the mine life of the existing 300,000-ounce-per-year operation to 2025, the open pit mine operation is being expanded to 27 million tons per year. The project includes construction of a 250-ton-per-hour high grade flotation mill to process 2 million tons per year of ore, as well as a leach facility to process 25 million tons per year of ore and an adsorption desorption recovery (ADR) facility. When finished, gold production will increase to 350,000 ounces per year.
Oil & Gas pipeline projects set for completion next quarter also are few in number but run high in investment value, totaling $465 million. Of the three projects, a section of NGL Energy Partners LP's (NYSE:NGL) (Tulsa, Oklahoma) Grand Mesa crude oil pipeline project at Lucerne is worth $320 million. Originating in Weld County, the 150,000-barrel-per-day pipeline extends 550 miles southeast to NGL's crude oil storage terminal at the Cushing hub in Oklahoma. For related information, see May 31, 2016, article - NGL Energy Partners Expects Colorado-to-Oklahoma Crude Pipeline to Start Deliveries in November.
The Power Industry comes in at third place, with fourth-quarter completion of seven projects worth $445 million. Chief among these is SunEdison LLC's (Maryland Heights, Missouri) $200 million Comanche PV (Photovoltaic) Solar Plant, which is located two miles south of Pueblo. The 120-MW facility will use 400,000 photovoltaic modules. SunEdison filed for Chapter 11 bankruptcy protection in April. NRG Energy (NYSE:NRG) (Houston, Texas) will acquire SunEdison's wind and solar projects in Texas, California, Hawaii, Maine, Texas, Utah and Washington. For related information, see September 15, 2016, article - SunEdison Sells Major Wind, Solar Projects to NRG Energy After Bankruptcy.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click the image at right for a graph showing fourth-quarter project completions in Colorado by industry.Only two mining projects are set for completion in the quarter, but the Victor Cresson Above-Ground Gold Heap Leach Mine Expansion & Mill Addition in Florissant is worth $585 million. As part of a long-term project by Newmont Mining Corporation (NYSE:NEM) (Denver) to extend the mine life of the existing 300,000-ounce-per-year operation to 2025, the open pit mine operation is being expanded to 27 million tons per year. The project includes construction of a 250-ton-per-hour high grade flotation mill to process 2 million tons per year of ore, as well as a leach facility to process 25 million tons per year of ore and an adsorption desorption recovery (ADR) facility. When finished, gold production will increase to 350,000 ounces per year.
Oil & Gas pipeline projects set for completion next quarter also are few in number but run high in investment value, totaling $465 million. Of the three projects, a section of NGL Energy Partners LP's (NYSE:NGL) (Tulsa, Oklahoma) Grand Mesa crude oil pipeline project at Lucerne is worth $320 million. Originating in Weld County, the 150,000-barrel-per-day pipeline extends 550 miles southeast to NGL's crude oil storage terminal at the Cushing hub in Oklahoma. For related information, see May 31, 2016, article - NGL Energy Partners Expects Colorado-to-Oklahoma Crude Pipeline to Start Deliveries in November.
The Power Industry comes in at third place, with fourth-quarter completion of seven projects worth $445 million. Chief among these is SunEdison LLC's (Maryland Heights, Missouri) $200 million Comanche PV (Photovoltaic) Solar Plant, which is located two miles south of Pueblo. The 120-MW facility will use 400,000 photovoltaic modules. SunEdison filed for Chapter 11 bankruptcy protection in April. NRG Energy (NYSE:NRG) (Houston, Texas) will acquire SunEdison's wind and solar projects in Texas, California, Hawaii, Maine, Texas, Utah and Washington. For related information, see September 15, 2016, article - SunEdison Sells Major Wind, Solar Projects to NRG Energy After Bankruptcy.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
