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25.01.2022 (279 Clicks)

Hexagon wins Magazine Award for autonomous Mine Haulage Solution

Hexagon has won the Mining Magazine 2021 Fleet and Equipment Award for its autonomous mission management system. It marks the third time in six years that Hexagon has been honored by readers of the magazine. The annual awards celebrate excellence and a commitment to advancing the state of play in mining.

25.01.2022 (266 Clicks)

ABB steps up with new Version of digital Service for Grinding – including mobile App

25.01.2022 (290 Clicks)

High Value Contract for the Fehmarnbelt Tunnel expected to be awarded in the Spring of 2022

Femern A/S expects to award a major contract for the supply and installation of the Fehmarnbelt tunnel’s electrical and mechanical installations to one of the three bidding consortia in the spring of 2022.

25.01.2022 (268 Clicks)

Akobo Minerals appoints renowned Expert to head its ESG Developments

Akobo Minerals, the Scandinavian-based Ethiopian gold exploration and mining company, announced that it has appointed Dr Cathryn MacCallum as head of ESG to further the company’s environmental, social and governance (ESG) program. She takes up the post on 1st February 2020 as part of the company’s management team.

25.01.2022 (248 Clicks)

Cimic's CPB selected for WHT Tunnelling Works

Cimic Group company CPB Contractors, in a joint venture with John Holland, has been selected by the NSW Government to deliver the Western Harbour Tunnel - Southern Tunnelling Works as a modification to the Rozelle Interchange contract.

25.01.2022 (265 Clicks)

Fugro partners with University of Houston on Workforce Development Effort

Fugro has joined the University of Houston (UH) and its four partnering universities, UH-Downtown, UH-Victoria, UH-Clear Lake and Sam Houston State University, on a collaborative project to advance Geo-data science skills in the energy sector. The project, “Data Science for the Energy Transition,” is being funded through a 3-year grant with the National Science Foundation (NSF) and will offer undergraduate and master’s students specialised training in statistical and machine learning techniques for subsurface Geo-data. Fugro’s role as an industry partner on the project is to provide UH with real-world Geo-data and guidance on their use for hands-on training opportunities.

24.01.2022 (381 Clicks)

Petropavlovsk PLC - New CFO

The Board of Directors of Petropavlovsk PLC announced the appointment with immediate effect of Mr Stanislav Ploshchenko as the Group's Chief Financial Officer, based in Moscow.

20.01.2022 (317 Clicks)

The Pre-Feasibility Study on Dannemora in Sweden confirms viable Possibilities for “green” Iron Ore Production

Grängesberg Exploration Holding AB - GRANGEX - presents the results of the completed Pre-feasibility study (PFS) of the conditions for the recommencement of production in the Dannemora mine. The key objective for the PFS has been to investigate the possibility to develop Dannemora as a carbon-free mine operation.

The PFS confirms the possibility of producing a high-grade iron ore concentrate with a much-reduced carbon footprint and that the project should be taken to the final feasibility study stage. The study is a continuation of the Scoping Study presented in May 2021 and shows improvements on many levels. Golder Associates has compiled the PFS report.

'This is promising news for GRANGEX shareholders, the local and regional community, as well as the Swedish mining community, and in fact historical. Through the dedicated and successful process development, Dannemora can be transformed from low quality to a high-quality iron ore producer. The study shows that Dannemora mine has, subject to the environmental permitting process, good possibilities to enter the market in 2025 and be a high-quality iron ore producer with a very low carbon footprint, possibly with a potential future green premium. This just in time to be part of the accelerating sustainable transition of the European steel industry and meeting the market demand of green steel', says Christer Lindqvist, CEO of the GRANGEX group.

Highlights of the report:

• The financial evaluation of the project carried out as part of the PFS has estimated pre-production capital expenditure of US$ 131 M, (MSEK 1,179), sustainable investments during life of mine of US$ 52.1 M (MSEK 468,9), and closure costs of US$ 3,9 M (MSEK 34.9) giving a total capital expenditure during the life of mine of US$ 187 M (MSEK 1,683). An operating cost, FOB, of US$ 44.7/dmt for production of 68% iron ore concentrate and based on a product price FOB of US$ 125/dmt and 9.00 SEK/US$ give the following financial results, pre-tax[1];
• Net Present Value at 8% discount rate; US$ 319 million (MSEK 2,869)
• Internal Rate of Return (IRR) 51 %
• Payback time less than 3 years, from production start.
• The annual run-of-mine (ROM) rate has been calculated to 3 Mt resulting in a production of 1.1 Mt (equivalent dry weight) 68 % iron ore concentrate, meeting the requirements for direct reduction iron (DRI) and thus green steel production.
• A key conclusion of the PFS work is the possibility that the Dannemora mining project can be a high-grade iron ore producer with a very low carbon footprint by operating a fully electrified underground mining and beneficiation process while producing a high-grade magnetite concentrate with Green Steel credentials. Thus, have possibilities to become a preferred supplier in the emerging transition of the steel industry towards the production of green steel.
• An updated JORC 2012 compliant Mineral Resource Estimate of the mine amounts to 28.19 Mt, at 36.54% Fe, Measured and Indicated; and 5.82 Mt at 33.61% Fe, Inferred[2].
• The Probable Ore Reserves for Dannemora Mine, on 31st December 2021, is estimated to be 25.36 Mt, with 33.44% Fe at a cut-off grade of 15%, gives a Life of Mine of approx. 9 years.
• Furthermore, once in operation, the immediate area surrounding the mine has the potential for further development of additional mineral resources, as several of the mineralised bodies are open at depth. There is also a possible resource in the underground deposited tailings from the latest production period.
• The possibility of extending the life of the mine has been studied and a total of seven different areas in the mine have been identified as exploration targets. These exploration targets have been estimated at 20 to 35 Mt with iron content between 34 and 39%.

[1] Pre-tax calculation chosen due to pending project finance structure

[2] For full details per category, see company website

Source: Grängesberg Exploration Holding AB, GRANGEX Group, www.grangesbergexploration.se

                     

20.01.2022 (369 Clicks)

Progress on Sustainability Standard for Mining

GRI convenes multi-stakeholder group to develop new Sector Standard

20.01.2022 (301 Clicks)

Webuild wins “Diriyah Square Package 2” multistorey mega Car Park Contract in Riyadh, Saudi Arabia

The Webuild Group has won a €940-million contract (VAT included) in Riyadh, Saudi Arabia to build a multistorey mega car park for 10,500 vehicles. The Diriyah Square – Package 2 Super-Basement Works includes a three-storey underground parking area whilst the total built up area is almost 1 million square metres. Commissioned by the Diriyah Gate Development Authority, it will create more than 9,000 jobs.