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10.06.2021 (467 Clicks)

Business Finland grants Funding for Keliber’s Lithium Project

Keliber has been granted maximum EUR 708,000 from Business Finland as part of the funding granted to the BATCircle 2.0 consortium.

10.06.2021 (437 Clicks)

Outokumpu appoints Tamara Weinert as President of Business Area Americas

Tamara Weinert has been appointed as President of Business Area Americas with immediate effect. She has been the Acting President of Business Area Americas and a member of Outokumpu Leadership Team since October 2020.

10.06.2021 (463 Clicks)

Norwegian Data Analytics Software to smarten Predictive Maintenance in the Oil & Gas Industry

Dietsmann Smart Labs, French-based 'New Tech' branch of energy industry veteran Dietsmann, has selected Norwegian Data Analytics specialist Arundo as its partner for a breakthrough development in the Predictive Maintenance of industrial plant. Dietsmann operates and maintains Oil & Gas and Power plants for major national and international energy companies in over 20 countries. The company has successfully pioneered Predictive Maintenance as a way to maximize output, save costs and achieve more sustainable performance by improving energy efficiency and reducing emissions.

08.06.2021 (427 Clicks)

ABB launches new Condition Monitoring digital Service, tailor-made for predictive Maintenance of Conveyor Belts

ABB Ability Condition Monitoring for belts collects and tracks data from conveyor belts to provide real time information about the health of the equipment, enabling planned and timely maintenance

08.06.2021 (437 Clicks)

Ontario Companies power forward on Hydrogen

Partnership to pursue potential pilot projects

08.06.2021 (467 Clicks)

Red Dog Mine Alaska in the USA: Ground Improvement in Permafrost

Red Dog Mine, one of the world’s largest zinc mines, is located in the north-west of Alaska, around 170 km north of the Arctic Circle and nearly 1,000 km to the north-west of Anchorage. The mine has been operating since the late 1980s with around 10% of the world's zinc extracted here in open-cast mining.

07.06.2021 (640 Clicks)

Voith Hydro and Swedish Mine Storage enter Development Partnership for the Advancement of Decarbonization

Voith Hydro, a leading global supplier of hydropower and pumped storage equipment, and Swedish company Mine Storage, a specialist in the field of underground pumped storage concepts, announce a development partnership to become the forerunners in a new market for underground pumped storage – offering so-called mine storages.

07.06.2021 (415 Clicks)

Anglo American completes Demerger of Thungela Thermal Coal Business

Anglo American plc announces the completion of the demerger of its thermal coal operations in South Africa. Thungela Resources Limited will start trading today through a primary listing on the Johannesburg Stock Exchange under the abbreviated name “Thungela”, and a standard listing on the London Stock Exchange (ticker symbol “TGA”). As a leading South African thermal coal exporter, Thungela offers investors access to a high quality thermal coal business with low cash cost and high-margin assets and a strong balance sheet, underpinned by a robust ESG framework.

The admission to trading of Thungela on the Johannesburg and London stock exchanges follows the completion of the demerger of Anglo American’s thermal coal operations in South Africa that was announced on 8 April 2021 and was approved by shareholders on 5 May 2021. The scheme of arrangement to implement the demerger was sanctioned by the UK High Court of Justice on 26 May 2021. The completion of the demerger took effect at 8.00pm (UK time) on 4 June 2021.

Mark Cutifani, Chief Executive of Anglo American said: “We have consistently believed in a responsible transition from thermal coal, being a transition that seeks to balance the needs and expectations of all stakeholders. The demerger of Thungela lives up to that promise by bringing our employees, shareholders, host communities, host government and our customers along with us.”

“Thungela starts its journey today as a high quality independent business. We have every confidence that Thungela will be a responsible steward of what are valuable thermal coal resources in South Africa and will continue delivering value for all its stakeholders and for South Africa as a whole.”

July Ndlovu, Chief Executive of Thungela, said: “We are excited to be listing Thungela today. The company plays an important role in providing affordable energy to our customers in the developing world, as well as in South Africa. Our business consists of well-established, well-managed assets that produce high-quality thermal coal, with access to a world-class export infrastructure. Thungela has an enviable cash cost position and is poised to deliver attractive returns to shareholders.”

With the completion of the demerger and at the point of listing of Thungela, 100% of the issued share capital of Thungela is held by Anglo American’s shareholders who each received one Thungela share for every ten Anglo American shares that they hold. Each Anglo American shareholder also retains their existing shareholding in Anglo American. Thungela holds 90% of the thermal coal operations in South Africa with the remaining 10% held collectively by an employee partnership plan and a community partnership plan.

Source: Anglo American

                     

07.06.2021 (462 Clicks)

Metso Outotec teams up with Mining and Construction Equipment Sweden and Värnamo Krosskonsult

Metso Outotec has signed a distribution contract with Mining and Construction Equipment Sweden AB and Värnamo Krosskonsult AB. The two companies will sell in cooperation Metso Outotec’s mobile and stationary crushing and screening equipment as well as crusher wear parts for the mining and aggregate customers in Southern and Central Sweden. They will also provide service support such as start-ups and repairs in the regions. The contract has come into effect in April 2021.

04.06.2021 (463 Clicks)

Historic Moment as HS2 launches first giant Tunnelling Machine

• HS2 launches ‘Florence’ – the first of 10 HS2 Tunnel Boring Machines (TBMs) that will dig 64 miles of tunnel on Phase One of the UK’s new high speed railway
• This first 170m-long TBM – the largest ever used on a UK rail project – will dig 10 miles of tunnel under the Chilterns, operating 24/7 for the next three years
• Transport Secretary Grant Shapps: “The tunnels these machines dig will ensure the benefits of our new high-capacity, high-speed railway run to the great cities of the North and Midlands, forging stronger connections in our country, boosting connectivity and skills opportunities, and transforming our transport links.”