Page 112 of 863      News per page:1020

18.02.2020 (845 Clicks)

Cimic Group’s UGL secures Contracts in Oil and Gas Maintenance Sector

Cimic Group company UGL has secured contracts to provide maintenance, turnarounds and project services for its clients in the oil and gas sector.

18.02.2020 (688 Clicks)

Battery-grade Lithium Hydroxide produced in Keliber’s continuous Pilot

Keliber Oy announced the results of the lithium hydroxide pilot which is the last part of a three-phase continuous piloting program. High purity lithium hydroxide was produced in the pilot based on Keliber’s own ore and demonstrates the functionality of Keliber’s production process.

18.02.2020 (685 Clicks)

Brenner Base Tunnel: Italian Infrastructure Minister De Micheli visits Salini Impregilo Site at sustainable Mobility Project in Europe

The Brenner Base Tunnel, an iconic project of sustainable mobility in Europe, received Italian Infrastructures and Transport Minister Paola De Micheli at the southernmost part of the construction site where Salini Impregilo is working on the Isarco River lot with Strabag, Consorzio Integra and Collini Lavori.

17.02.2020 (696 Clicks)

Mining Know-how for Wastewater Treatment Plant

• Upgraded chain conveyors guarantee maximum operational safety and sustainable water protection.

The maintenance and optimisation of the chain conveyors of the sludge dewatering system of the Arnsberg-Wildshausen sewage treatment plant by the companies Halbach & Braun Maschinenfabrik GmbH & Co. and Eickhoff Antriebstechnik GmbH will significantly increase operational safety and sustainable water protection.

17.02.2020 (733 Clicks)

Anglo American Platinum announces that Chris Griffith is to step down as CEO

The Board of Anglo American Platinum Limited today announces that Chris Griffith has informed the Board of his intention to step down as Chief Executive Officer and as an executive director of the Company after more than seven years. This follows his decision to pursue other career opportunities. Mr Griffith will step down at the Company’s AGM on 16 April 2020 and his successor, who is expected to be an internal candidate from within the Anglo American group, will be announced in the near future.

14.02.2020 (1470 Clicks)

Strabag building in Uganda: Road Upgrade

• Widening and asphalting of a 66 km road in northern Uganda
• Project co-financed by the European Development Fund

13.02.2020 (1163 Clicks)

Rope up at Oyu Tolgoi Mine Shaft 2 in Mongolia completed ahead of Schedule

Oyu Tolgoi is a large copper and gold deposit in the southern Gobi Desert of Mongolia. The mining complex is operated by Oyu Tolgoi LLC. Copper ore is mined both open pit and underground in the medium term.

13.02.2020 (702 Clicks)

Epiroc and ASI Mining agree with Australia’s Roy Hill to automate its Mining Haul Truck Fleet

Epiroc AB, a leading productivity partner for the mining and infrastructure industries, has signed a contract with Roy Hill to deliver a fully automated haul truck solution for its iron ore mining operation in Western Australia.

13.02.2020 (756 Clicks)

Vale informs about Production and Sales in 2019

Vale ended 2019, the most challenging year of its history, with the steady commitment to resume and stabilize production, while implementing the highest safety standards across its operations. The company's endurance and operational flexibility have prevailed and the roadmap for de-risking its operations is being followed. Vale remains committed to becoming one of the safest and most reliable mining companies in the world.

Sales volumes of iron ore fines [1] and pellets reached 312.5 Mt in 2019, in line with the annual guidance of 307-312 Mt. Vale's iron ore fines production [2] totalled 302.0 Mt, 21.5% lower than in 2018, while pellets production was 41.8 Mt in 2019, 24.4% lower than in 2018. The operational disruption which followed the Dam I rupture, with interdictions at the Vargem Grande, Fábrica, Brucutu, Timbopeba and Alegria operations, together with the stronger than usual weather-related seasonality in 1H19, caused major impacts in production, partly offset by (i) the S11D ramp-up, (ii) inventory drawdowns, and (iii) the gradual resumption of the Vargem Grande [3], Brucutu and Alegria operations.

On a quarterly basis, Vale's iron ore fines1 and pellets sales amounted to 88.9 Mt in 4Q19, 4.4% higher than the previous quarter and higher than production as a result of inventory drawdown. The share of premium products totalled 87% in 4Q19. Iron ore fines and pellets quality premiums reached US$ 6.4/t [4] in 4Q19 vs. US$ 5.9/t in 3Q19, mainly as an outcome of the higher pellet adjustment contribution due to seasonal dividends received [5].

Vale reinforces its commitment to resume and stabilize production under the highest safety conditions. In 2020, production from the Alegria mine, restored in November 2019, will contribute with approximately 8 Mt, as formerly disclosed[6], adding approximately 5 Mt production in relation to 2019. The logistics at the Vargem Grande Complex have been freed up, following the resumption of operations at the TFA [7] Rail Terminal in January, which will enable rail shipments of approximately 7 Mt of stranded product inventory.

As for the plan to resume approximately 40 Mtpy of halted capacity, enabling additional 15 Mt and 25 Mt production in 2020 and 2021, respectively, Vale is making progress with discussions with the National Mining Agency ('ANM'), the Minas Gerais State Public Prosecutor's Office ('MPMG') and the external audit firms to start site tests and gradually resume production. Further details on the resumption plan for the Timbopeba, Vargem Grande and Fábrica complexes are provided in the 'Iron Ore' section.

S11D is expected to contribute to the total 2020 production volume with 90 Mt of high-quality, low-cost iron ore. Regarding Northern and Eastern ranges, Vale expects to produce around 120 Mt in 2020, mainly due to impacts associated with the ramp up of Morro 1 mining section.

Aiming to promote the safe resumption of the Laranjeiras dam, Vale will extend the suspension of tailings disposal at least to the end of March 2020, when we expect to have the findings of the geotechnical assessment of the conditions of the structure. The findings will determine the corrective actions, if any, to resume tailings disposal at Laranjeiras dam. As a result, the Brucutu plant will continue to operate with approximately 40% of its capacity, through wet processing with tailings filtration. Short-term alternatives for tailings disposal, such as optimizing the usage of Sul dam, are being evaluated by geotechnical and operational teams and could increase the Brucutu plant capacity to 80%.

Concerning the heavy rains in the Brazilian state of Minas Gerais in January and February, Vale expresses its solidarity with the victims and communities impacted and informs that due to temporary production and transportation disruptions in the Southern and the Southeastern Systems, production loss was approximately 1 Mt.

Despite the combined impacts on production, Vale's iron ore fines production guidance in 2020 is kept at 340-355 Mt. Production volumes will depend mostly on the granting of external authorizations to resume halted production, while the achievement of the higher end of production range continues to be possible depending on several upsides being explored.

Due to the lower availability of pellet feed and to the abovementioned suspension of tailings disposal at Laranjeiras dam, the annual guidance for pellets production was revised to 44 Mt, while the iron ore fines production guidance for 1Q20 was revised to 63-68 Mt.

The abovementioned estimates do not factor in any second-order effects of the Coronavirus epidemic, which at the time of writing seems to be accommodated through price changes only.

Vale reinforces its strategy of margin over volume, prioritizing blended products in its portfolio, therefore inventories will be replenished in 2020 to ensure supply as appropriate, which may imply lower sales in comparison to production volumes.

Production of finished nickel reached 208 kt in 2019, in line with the annual guidance of 210-220 kt, and 15.0% lower than 2018. Production reflected lower feed from third parties, lower source ore from Thompson and VNC, the latter due to limited availability of process plant operational assets during the year, as well as lower production from Onça Puma prior to receiving judicial authorisation to resume both mine and processing activities in September. Nickel operations were also impacted during the year due to maintenance shutdowns at the North Atlantic refineries, which have been resumed and are now operating at regular rates.

The refining activities in VNC, responsible for processing the feed into nickel oxide, will cease from April 2020 onwards, as part of the process to improve short-term cash flow. With this flowsheet simplification, VNC's nickel product mix will be solely comprised of nickel hydroxide cake.

Production of finished copper reached 381.1 kt in 2019, in line with the annual guidance of 382-386 kt, and slightly lower than in 2018, due to lower production from Sossego, which was partially offset by the all-time record production from Sudbury. In 4Q19, Sossego production was impacted by unscheduled maintenance, which has now been completed. That site will operate at regular rates from 1Q20 onwards.

Source: Vale

                     

13.02.2020 (775 Clicks)

Vale informs about the Capitão do Mato Dam

Emergency plan of the Capitão do Mato dam in Nova Lima is escalated to level 2. There are no people residing in the Self-Rescue Zone